The NY Daily News reports on Norman Adie, former owner of the Brooklyn Heights Cinema, who duped investors in a scheme to convert the theater into condos:
NY Daily News: The curtain came down on the former owner of the Brooklyn Heights Cinema as he pleaded guilty Monday to bilking investors out of $530,000.
Norman Adie faces 27 to 33 months in prison when he is sentenced April 13 in a plea-bargain agreement. He remains free on a $350,000 bond.
Manhattan federal prosecutors said Adie, 54, defrauded investors by falsely promising to turn the independent movie house into condos.