The Latest in IT Security

Federal authorities have indicted four men on 29 counts of fraud, and allege that the group conned dozens of people into funding a fake film starring a bevy of celebrities — including Jean-Claude Van Damme, John Cusack, and Gerard Butler. The group members, who operated under the guise of a company called Mutual Entertainment, LLC, were indicted yesterday on federal fraud charges for running the scam. Three of the men are also being hit with a civil suit filed by the Securities and Exchange Commission (SEC), which alleges that they defrauded some 60 individuals. Investors were falsely told that actors ranging from Donald Sutherland to Jean-Claude Van Damme would appear in the movie when in fact they were never even approached, a statement from the SEC reads.