A live performance promoter with operations in West Hollywood faces federal wire fraud costs for allegedly conning buyers with false claims that nicely-recognized musical acts had agreed to take part in his occasions, courtroom papers unsealed Tuesday present.
Gabriel Martin Reed, a forty six-yr-previous former Malibu resident who lately relocated to Las Vegas, was arrested by particular brokers with the FBI on Saturday in McKinney, Texas, based on the U.S. Lawyer’s Workplace.
Reed, who does enterprise beneath the identify Gabe Reed Productions, has agreed to seem in federal courtroom in Los Angeles at a date to be decided and stays in custody pending a detention listening to Friday in Texas.
The grievance expenses Reed with wire fraud and aggravated id theft stemming from an alleged eight-yr scheme during which he represented himself as a promoter and organizer of exhausting rock music occasions, in addition to wrestling matches for World Wrestling Leisure.
In accordance with the affidavit in help of the legal grievance, Reed solicited buyers by touting longstanding relationships with properly-recognized musicians, displaying props from alleged earlier excursions, and, in some situations, creating fabricated monetary data.
The grievance alleges that Reed falsely informed buyers that musical artists had agreed to take part in his occasions and that their funds can be used to offer up-entrance financing for the performances. Nevertheless, in lots of situations, the artists had not agreed to take part and, fairly than utilizing the funds for the occasions, Reed used the buyers’ funds for private bills, prosecutors allege.
The grievance alleges that Reed solicited cash from at the least 15 victims who suffered losses of a minimum of $1.four million.
In a single occasion, a Los Angeles investor agreed to place $one hundred,000 right into a live performance tour Reed was calling “Titans of Rock” — however most of the promised artists had not agreed to take part, in response to prosecutors.
An FBI assessment of financial institution data confirmed the sufferer’s cash was used to pay for Reed’s private bills, together with baby help, prices associated to a birthday, and meals at Ruth’s Chris Steakhouse and Mr. Chow in Beverly Hills, in accordance with the affidavit.
Over the course of a number of months in 2015, the $one hundred,000 “had been depleted,” due partially to ATM withdrawals, and the FBI was “unable to determine the cost of any bills associated to a live performance or tour,” the affidavit alleges.
Reed is charged with wire fraud for allegedly bilking the “Titans of Rock” investor and aggravated id theft in relation to a different promoter whose identify he allegedly utilized in reference to the wire fraud, in response to the U.S. Lawyer’s Workplace.
— Metropolis Information Service
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