Peter Strain, Talent Agent Theft, New York 2013

Peter Strain, a talent agent, has been exposed for stealing over half a million dollars from his actor clients.

According to an investigation by the FBI and the United States Attorney’s Office, Strain diverted money he received on behalf of three clients and used it to buy personal luxury retail goods and artwork.

Strain, a talent agent for film, television, and Broadway actors, was originally charged in November 2013 and pleaded guilty today before United States District Judge George B. Daniels.

Strain’s scheme involved lying to his clients about why he had failed to timely remit their money, claiming that he was short on funds due to his partners embezzling money from the firm. However, his statements were false, and he had actually agreed to settle a lawsuit with his partners by paying them over $250,000 for their shares in the firm.

Between July 2011 and December 2011, Strain received over $1.4 million in his trust account on behalf of one client, but failed to remit approximately $500,000 to the client, instead using it for his own purposes.

Strain will face punishment for his conduct, and his plea deal highlights the importance of accountability in the entertainment industry.

Peter Strain, 47, of New York, New York, pled guilty to stealing more than half a million dollars from his actor clients, which he used to purchase personal luxury retail goods and artwork.

He was originally charged in November 2013 and pleaded guilty today before United States District Judge George B. Daniels.

The exact criminal charges against Strain are not specified in the source.

The crime occurred between 2011 and 2013.

The sentence or outcome for Strain is not specified in the source.

The dollar amounts involved in the case include over $1.4 million and approximately $500,000.

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