Former Epix Executive Arrested over Alleged $8-million Fraud

Photo+Courtesy+of+variety.com

Photo Courtesy of variety.com

The former chief digital officer of the Epix cable television network was arrested April 26 on the charges that he bilked the network out of more than 8 million over the course over the five years, reported la times.com

“From my interview of the Chief Executive Officer of the Network, I have learned, among other things, that as part of his duties as Chief Digital Officer, Emil Rensing, the defendant, was responsible for identifying and retaining most of the vendors engaged to provide services for the Network‘s digital,” says FBI Special Agent Angela Tassone in a sworn statement included with the now-unsealed complaint”

Emil Rensing was arrested by the FBI at his Manhattan residence, The times confirmed. He was charged with two counts of wire fraud and identity theft, according to federal documents filed in New York’s Southern District Court, stated la times.com

The complaint alleges that from April 2010 to August 2015,while working for the premium movie network, Rensing defrauded the company by having it contact with ghost vendor companies to provide digital media services for Epix. Those services, however, were largely never carried out, stated the Authorities.

“Rensing,42, allegedly hid the scheme by using fault and stolen identities to conceal his involvement”, said authorities

An Epix spokesperson acknowledged that Rensing was terminated by the network in August 2015 and said the network is “cooperating fully with the U.S. attorney’s office in their  investigation”, said FBI Authorities.

The actual mechanics of the multimillion-dollar fraud saw names of old colleagues and associates of Rensing’s used as the vendors that were paid for unperformed digital media work. “These individuals were further unaware that their names were being used by Rensing in this manner,” says the complaint filed today in federal court in NYC — hence the ID theft charge, reported deadline.com