I invested in two films entitled Blue Hill Avenue and Cahoots. Producers were Mike Erwin (Jacksonville, OR) and J. Max Kirishima (Woodland Hills, CA/Japan). Five million was raised by Rand Chortkoff (Los Angeles, CA) & minions. Blue Hill Avenue cost 1M to make. Some of the balance was supposedly used to "finish" the project to sell it to Artisan Pictures. The remaining money was pocketed. No investor ever saw a dime from this movie nor from others promoted at the time.
Tuesday, March 7, 2017
Court Decision on Chortkoff Estate
Here is the Court's decision on the Chortkoff Estate: From: Peter F. DelGreco, SEC Attorney
Yesterday the Court issued its judgment in our favor against the Chortkoff Estate, a copy of which is attached for you, ordering it to pay $153,400 in disgorgement and $12,615 in prejudgment interest. Whether or not it has the assets to do so, and whether or not it will do so, are open questions at the moment.