Former Epix Executive Arrested for $8 Million Fraud27 Apr, 2016 By: Erik Gruenwedel
Emil Rensing, co-founder and former chief technology officer at Epix, was arrested April 26 at his home in Manhattan, N.Y., and charged with $8 million in wire fraud, identity theft and other charges while employed at the multi-platform pay-TV channel co-owned by Lionsgate, Viacom and MGM.
Rensing, 42, a former Home Media Magazine “Digital Driver” and among its “Forty Under Forty: The Under 40 Hot List” in 2011, was arrested by agents from the Federal Bureau of Investigation. In the criminal complaint — first reported by Reuters — Rensing between 2010 and August 2015 allegedly contracted with fictitious vendor firms he owned for digital services that were never performed.
The executive allegedly hid the fraud using false and stolen identities, in addition to making false statements. Rensing, who was fired by Epix last August, was released on $500,000 bond. He denies any wrongdoing, according to his lawyer Henry Mazurek.
"[Rensing] has provided valuable products and services to Epix, all of which the company enjoys and profits from today," Mazurek said in a statement.