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Hollywood sex abuse accuser indicted on fraud charges

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Michael Egan
Damian Dovarganes/AP file

Michael Egan, the man who accused director Bryan Singer and other entertainment executives of sexual assault, has been indicted on securities and wire fraud charges in Charlotte, North Carolina.

According to the Charlotte Observer, Egan’s alleged crime involves lying to investors about his assets – including Hollywood-themed attractions, entertainment projects, and land development – and persuading executives and moguls to invest in these fraudulent assets. Egan is also alleged to have¬†created account statements to hide his fraudulent balances.

The Charlotte Observer reports that Egan faces up to 40 years in prison and a $5.25 million fine if convicted.