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Former Epix exec pleads guilty over $7 million fraud
In 2009, Viacom, Lionsgate and MGM joined forces to launch a premium movie channel called Epix, with Emil Rensing as its Chief Digital Officer. Turns out hiring Rensing was a bad move: according to the Justice Department, he has just pleaded guilty to defrauding the network $7 million over his five-year employment with the company. The former exec apparently used his position to forge contracts between the network and vendor companies he himself owned and controlled. He then used the names of business associates and acquaintances as vendor personnel, setting up fake email accounts for each one of them to make them look legit.
