Peach Arch's Howsam pleads not guilty

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Former Peace Arch Entertainment CEO Gary Howsam pleaded not guilty Monday in Los Angeles federal court to charges that he forged and faked international distribution documents to secure $7 million in film financing for the film "Going Back."

Howsam was arrested Nov. 5 and indicted by a federal grand jury Nov. 20 on seven counts of fraud. He faces a maximum of 30 years in prison for each count, according to the U.S. Attorney office.

Howsam remains free on bond and under house arrest. A status conference is scheduled for Jan. 14.
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