El cantante
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1 item from 2016

‘El Cantante’ Producer Julio Caro Sentenced to 18 Months in Prison for Embezzling

7 November 2016 6:25 PM, PST | Variety - Film News | See recent Variety - Film News news »

El Cantante” told the story of Hector Lavoe, a Puerto Rican salsa star who spiraled into drug addiction and died of AIDS complications in 1993. Released in 2006, and starring then-newlyweds Marc Anthony and Jennifer Lopez, the independent film flopped at the box office, grossing just $7.5 million.

But the production’s troubles did not end there. In fact, they did not end until Monday morning, when the film’s producer, Julio Caro, was sentenced to 18 months in federal prison.

Caro pleaded guilty to embezzling nearly $1.5 million from his financier, billionaire Ron Burkle.

As laid out in court pleadings, Caro found himself unable to support his Hollywood lifestyle after the failure of the film. He was living in a $1.5 million house in Santa Monica, on which he paid a $12,000 monthly mortgage. He paid $17,000 a year to lease a car and $45,000 to send his two children to private school. In the wake of the film’s flop, »

- Gene Maddaus

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