Peach Arch's Howsam pleads not guilty


Related story: Arrest puts Peace Arch filing on pause

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.