Norman Allen Adie (born November 25, 1946) is a former theater owner/operator/developer and confessed Ponzi schemer,[1] presently inmate number 64354-054 in the Federal Detention Center (FDC) in Miami, Florida.[2] Born in Scotland, Adie began his career in London with the Rank Organization and Twentieth Century Fox[3] before moving to the United States to work at Radio City Music Hall.
Norman Adie | |
|---|---|
| Born | 25 November 1946 |
| Nationality | American |
| Occupation | Theater owner |
Career
editAdie founded Screen Arts Corporation and developed his own New York theaters in Times Square and Park Slope, Brooklyn.[4] Adie's decade-long efforts to open a theater in Monroe, New York were delayed by protracted, well-publicized lawsuits and counter-lawsuits resulting from a troubled partnership with One Liberty Properties.[5] "Monroe 6 Cinemas" eventually opened in 2008 but went into receivership three years later after Adie failed to pay the mortgage and property taxes.[6] Adie operated the Brooklyn Heights Cinema[7] in Brooklyn, New York, for ten years before selling it to Kenn Lowy in 2011 after misappropriating the theater's finances.[8] Adie opened the Foxmoor 7 Cinemas in Marshalls Creek, Pennsylvania in 2006 only to be evicted in 2009 for failing to pay rent.[9] Adie's plans to open a movie multiplex in Matamoras, Pennsylvania in 2008 never came to fruition and resulted in a $12.7 million judgment against Adie in 2009.[10]
Arrest
editOn November 23, 2010, Adie was arrested and charged with Federal securities and wire fraud.[11][12] He confessed to the charges and was sentenced in May, 2012 to 20 months in Federal prison.[13]
References
edit- ^ Moviehouse Madoff! Former Heights Cinema owner pleads guilty to Ponzi scheme, The Brooklyn Paper, December 13, 2011.
- ^ Inmate Locator, Federal Bureau of Prisons.
- ^ Monroe Cinema Debuts Today, Times Herald Record, May 9, 2008.
- ^ Theater's Opening Act Nears, The New York Daily News, November 14, 1995.
- ^ Building plans still stalled, Times Herald-Record, March 18, 2006.
- ^ Court seizes Monroe 6 profits, Times Herald-Record, July 14, 2011.
- ^ Little Theater to Expand, The Brooklyn Paper, January 26, 2008.
- ^ Tainted Brooklyn Heights Cinema sold, Crain's New York Business, June 3, 2011.
- ^ Foxmoor 7 Theater Evicted After Failing to Pay Rent, Pocono Record, December 11, 2009.
- ^ Movie Magic Gone Bad, The Pike County Courier, January 7, 2010.
- ^ Theater Owner Is Charged With Fraud, The New York Times, November 24, 2010.
- ^ Feds: Heights Cinema owner was Ponzi schemer, The Brooklyn Paper, November 24, 2010.
- ^ Theater owner sentenced to 20 months, The Pike County Courier, July 19, 2012.