Emil Rensing was arrested and charged today with ripping off his former employer Epix for more than $8 million in an elaborate fraud scheme. Appearing in federal court on Tuesday, the ex-chief digital officer of the premium cabler has been slapped with two counts of aggravated identity theft and wire fraud in the matter. If found guilty, Rensing could face 20 years behind bars for the latter count and a minimum of two years for the former.
Having money paid out to phony companies for phony work, Rensing worked the theft from October 2010 until at least last August, according to court documents. The FBI arrested the former exec today in NYC.
“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 (read it here).
“Emil Rensing was terminated by Epix in August 2015,” a channel spokesperson told Deadline today about the corporate officer, who was with the cabler since it started in 2009. “Epix is cooperating fully with the U.S. Attorney’s office in their investigation.”
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.