MISSOULA — A man accused of persuading investors to give him more than $24,000 to produce a cowboy documentary he claimed would be narrated by Clint Eastwood has pleaded guilty to felony charges.
The Missoulian reports Matthew McClintock struck a deal with prosecutors and pleaded guilty Monday to not being registered to sell securities and offering to sell an unregistered security. Four other felony charges were dismissed.
Investigators say McClintock scammed investors into giving him money for the documentary, which he said would be aired by PBS. Instead, he is accused of spending the money on himself and to make interest payments to other investors.
The plea deal calls for 10 years in prison with nine years suspended. McClintock, who is scheduled to be sentenced Feb. 14, also must pay back the money he stole.