Feds Indict California Politician Who They Say Took Bribes To Alter The State’s Film & TV Tax Credit Program

Ron CalderonCalifornia State Sen. Ron Calderon is facing federal charges in a wide-ranging corruption case that includes allegedly accepting bribes from FBI agents posing as movie executives. Authorities today filed a 24-count criminal indictment against the veteran politician that also includes allegations of money laundering and tax fraud. Among the charges is that Calderon, D-Montebello, whose office was raided by the FBI in the summer, took tens of thousands of dollars california-tax-credits3__120901092343__120929195413__131031165021__131112185634__140109040050from undercover agents to make changes to the state’s $100 million Film and TV tax credit program. Authorities say he agreed in early 2012 to help an agent posing as the owner of a downtown LA film studio to lower from $1 million to $750,000 the budget required as a minimum under the program to qualify for credits. While that never ended up part of the latest tax credit legislation signed by Gov. Jerry Brown on September 30, 2012, Calderon allegedly assured the undercover agents he would work to get the minimum reduced in the 2013 legislative session. No such change has occurred. The senator also is said to have taken $60,000 in bribes starting in February 2012 from the fake studio owner. And Calderon’s daughter supposedly was paid $27,000 to work for the fake studio, though she never put in a day.

Related: California Pols Unveil Bill To Expand Credit Program
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This article was printed from https://deadline.com/2014/02/feds-indict-california-politician-who-allegedly-took-bribes-to-alter-the-states-production-tax-credit-program-687365/