Helmer charged with fraud in Mass.

Daniel Adams, director of low-budget photos "The Golden Boys" and "The Lightkeepers," remains charged with bilking the health of Massachusetts out more than $4.7 million through inflated and fraudulent film credit programs.The 50-year-old Harvard grad, who shot the movies on Cape Cod from 2006, was arraigned Friday in Boston Municipal Court on two counts of making an inaccurate claim and a pair of counts of larceny more than $250. He was arrested by condition police the evening before without incident."We allege this defendant knowingly defrauded people by lounging about his production costs with the aim of creating funding for his films and also the personal profit," Attorney General Martha Coakley mentioned in the statement.Government physiques began considering Adams, a classic political campaign-worker, in March 2010, each time a Department of Revenue worker spotted suspicious tax claims mounted on "Lightkeepers. The romantic comedy starring Richard Dreyfuss and Blythe Danner acquired $32,307 on a single screen over 2 days in December 2009.Authorites say Adams scam began in 2006, when he published greatly inflated expenses in making use of for your states 25% tax credit round the two films.Following his arraignment, Adams have been held on $100,000 cash bail that his attorney told the Boston Herald he could not immediately publish. An excellent jury indictment was expected Monday, together with a probable-cause hearing is scheduled for was scheduled for Wednesday. Adams got his start pointing ads inside the Boston area, later joining track of producer Michael Mailer. His first feature, they co-written and directed, was the Sandra Bullock-starrer "A Fool And Also The Money.Adams had mentioned $17 million throughout the time from the 2 films, a couple of which the attorney generals office mentioned were fraudulent or pretend altogether he apparently mentioned he paid out Dreyfuss $2.5 million, when the fee actually was $400,000.Massachusetts film tax credit program allows production companies being returned over a quarter of qualified expenses. Obligations are paid out as tax credits that might be transformed into cash or offered along with other companies. When faced with lowering tax revenues, film production incentive programs are actually under fire among multiple ripoffs and skepticism that they are an excellent return on investment. In Iowa, the state's former film chief, Tom Wheeler, is discovered guilty in September of just one count of misconduct for his participation in the film production credit scandal. Prosecutors mentioned that Wheeler essentially switched one other way as filmmakers published inflated expenses to collect greater credits. In those days, the state's incentive program was probably the most lucrative within the u . s . states, offering a 25 percent credit for costs. Most infamously, credits were launched with a production to buy luxury automobiles for individual use. An ailment audit learned that $25.6 000 0000 in tax credits were improperly paid out as well as the program was suspended this past year. Contact the number newsroom at news@variety.com