Former Movie Producer Charged On Wire Fraud Count

BATON ROUGE, La. (AP) — Former Baton Rouge movie producer Gregory M. Walker has been charged in federal court with one count of wire fraud for his alleged sale of $1.4 million in state film tax credits he did not own.

Federal authorities say Walker sold those credits to Baton Rouge accountant and investment broker Peggy Persac's Strategies for Investment.

Assistant U.S. Attorney Rene Salomon says the 46-year-old Walker received over $970,000 for the bogus tax credits.

Voice mail and text messages seeking comment from Walker were not returned.

Acting U.S. Attorney Walt Green said a wire fraud conviction carries a possible 20-year prison term and a fine of as much as $250,000.