TV producer indicted for role in scam

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TV producer Drew Levin was indicted Wednesday by a federal grand jury in Los Angeles for allegedly orchestrating a fraud scam designed to artificially inflate his Team Communications revenue and stock price.

Levin is charged with falsifying Team's books and records and making false statements in its annual and quarterly reports to the Securities and Exchange Commission. He is also accused of conspiracy, giving false testimony at a SEC deposition and making false statements to outside auditors.

Noel Cronin, Team's former managing director in the U.K., has already pleaded guilty to one count of conspiracy for assisting Levin in the fraud.

Levin's TV producing credits include "Call of the Wild" and "Total Recall: The Series."
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