Norman Adie

Last updated
Norman Adie
Born25 November 1946
NationalityAmerican
OccupationTheater owner

Norman Allen Adie (born November 25, 1946) is a former theater owner/operator/developer and confessed Ponzi schemer, [1] presently inmate number 64354-054 in the Federal Detention Center (FDC) in Miami, Florida. [2] Born in Scotland, Adie began his career in London with the Rank Organization and Twentieth Century Fox [3] before moving to the United States to work at Radio City Music Hall.

Contents

Career

Adie founded Screen Arts Corporation and developed his own New York theaters in Times Square and Park Slope, Brooklyn. [4] Adie's decade-long efforts to open a theater in Monroe, New York were delayed by protracted, well-publicized lawsuits and counter-lawsuits resulting from a troubled partnership with One Liberty Properties. [5] "Monroe 6 Cinemas" eventually opened in 2008 but went into receivership three years later after Adie failed to pay the mortgage and property taxes. [6] Adie operated the Brooklyn Heights Cinema [7] in Brooklyn, New York, for ten years before selling it to Kenn Lowy in 2011 after misappropriating the theater's finances. [8] Adie opened the Foxmoor 7 Cinemas in Marshalls Creek, Pennsylvania in 2006 only to be evicted in 2009 for failing to pay rent. [9] Adie's plans to open a movie multiplex in Matamoras, Pennsylvania in 2008 never came to fruition and resulted in a $12.7 million judgment against Adie in 2009. [10]

Arrest

On November 23, 2010, Adie was arrested and charged with Federal securities and wire fraud. [11] [12] He confessed to the charges and was sentenced in May, 2012 to 20 months in Federal prison. [13]

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References

  1. ↑ Moviehouse Madoff! Former Heights Cinema owner pleads guilty to Ponzi scheme, The Brooklyn Paper, December 13, 2011.
  2. ↑ Inmate Locator, Federal Bureau of Prisons.
  3. ↑ Monroe Cinema Debuts Today, Times Herald Record, May 9, 2008.
  4. ↑ Theater's Opening Act Nears, The New York Daily News, November 14, 1995.
  5. ↑ Building plans still stalled, Times Herald-Record, March 18, 2006.
  6. ↑ Court seizes Monroe 6 profits, Times Herald-Record, July 14, 2011.
  7. ↑ Little Theater to Expand, The Brooklyn Paper, January 26, 2008.
  8. ↑ Tainted Brooklyn Heights Cinema sold, Crain's New York Business, June 3, 2011.
  9. ↑ Foxmoor 7 Theater Evicted After Failing to Pay Rent, Pocono Record, December 11, 2009.
  10. ↑ Movie Magic Gone Bad, The Pike County Courier, January 7, 2010.
  11. ↑ Theater Owner Is Charged With Fraud, The New York Times, November 24, 2010.
  12. ↑ Feds: Heights Cinema owner was Ponzi schemer, The Brooklyn Paper, November 24, 2010.
  13. ↑ Theater owner sentenced to 20 months, The Pike County Courier, July 19, 2012.
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