Theater developer gets prison
MONROE N.Y. The Monroe Theater is in foreclosure and its former owners new address, as of July 23, is federal prison.
Norman Adie, 54, pleaded guilty in Manhattan Federal Court last December to scamming investors out of $530,000. He was charged by the federal government with federal securities and wire fraud.
He faced up to a 80-year sentence. According to the U.S. Attorneys office in Manhattan, Adie was sentenced June 22 to 20 months in federal prison and three years of supervised release. The U. S. Attorneys office said Monday his surrender date is July 23.
According to the federal indictment, Adie was charged in connection with a scheme to obtain money from investors by falsely claiming that the money would be used for movie theaters and other purposes. The businesses included the Brooklyn Heights Cinema, Brooklyn Arts Cinema and a proposed theater at the Westfall Town Center.
Claudia Wysocki