David Ozer has been sentenced to 18 months after being found guilty for defrauding investors in television productions. Ozer, the president of Strong Studios, is free on a $25,000 bond, but pleaded guilty to two counts of wire fraud in the two separate criminal cases brought against him.
Ozer is the former President of IDW Entertainment, the sister company of comic publisher IDW Publishing, which was launched in 2013 and focused on funding, producing, and developing television properties. Ozer was named President of the new division. He left the company in 2018 to become an independent producer.
In 2023, prosecutors alleged that Ozer embezzled over $210,000 that was meant for the television series Safehaven. Ozer created fraudulent accounting records and faked invoices. He also stole over $200,000 meant for a series being developed called Endangered.
Ozer claims he fell victim to an extortion scheme and an individual had threatened to expose messages he had sent that would have damaged his career and marriage. He denied he used the money on luxury items.
Ozer was also ordered to pay $400,000 in restitution.
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Source: Graphic Policy
