Anchor Bay Entertainment, LLC v. BF1 Films, LLC and Jeffrey Yordy
N/AOUTCOME: Judgment $2,769,382.93.
Defendant Jeffrey Yordy created a shell corporation, BF1 Films LLC, with the sole purpose to defraud various entities, including at least one church, out of millions of dollars for films that were paid ... for, but never filmed and/or delivered. Yordy, by and through his sham entity, BF1 Films, entered into a contract with the client to produce five films and in return, Yordy and BF1 Films fraudulently obtained advances amounting to nearly $2,000,000.00 for films that were not only never delivered, but most of which were never actually completed. Yordy materially breached his contract by only producing only one of the five films that he solicited monies for and by wrongfully assigning film rights to third parties in violation of his output agreement. Further, Yordy knowingly engaged in egregious fraudulent activity to defraud the client and third parties by forging documents purporting to be from Anchor Bay staff, representing to third parties that he had exclusive rights to the subject films, and providing falsified documents purporting to evidence the completion of films which had, in fact, never commenced shooting. A judgment for intentional misrepresentation was obtained as to both Defendants, jointly and severally.
