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Ex-New York governor Paterson fined by SEC for movie production infractions

( September 23, 2016, 19:24 GMT | Official Statement) -- MLex Summary: Former New York Governor David Paterson, a Democrat, agreed to pay a $25,000 fine for reporting violations while he was on the board of a startup movie production company, the US Securities and Exchange Commission said. Three former executives of the company, called Medient Studios and later Moon River Studios, were charged with defrauding investors as part of a purported project to construct the biggest movie studio in North America near Savannah, Georgia, the SEC said....

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