PHILADELPHIA—Marc Hubbard, 46, of Cornelius, North Carolina, and Franklin Green, 45, of Washington, DC, were charged by indictment, unsealed today, in a conspiracy to defraud victims who thought they were investing in concert promotions. The defendants are each charged with one count of conspiracy and seven counts of wire fraud, announced United States Attorney Zane David Memeger. The fraud scheme involved approximately $2 million.
Hubbard was president of Sports Dimensions, Inc. (\”SDI\”) which purported to specialize in concert promotions and nightclub management, and was also president of Castle Entertainment which purported to specialize in nightclub management. Green, a lawyer in Washington, DC, was formerly a lawyer in Philadelphia, PA.
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