The Weinstein Co.’s problems appear to go beyond Harvey Weinstein, with Variety reporting in an exclusive that the company’s president and chief operating officer, David Glasser, faces his own legal problems that date back more than two decades.
Glasser “has been Harvey Weinstein’s right-hand man for the better part of a decade,” Variety reports. “Now, after Weinstein’s spectacular downfall in a sex harassment scandal this week, Glasser has been put in charge of the mogul’s imploding entertainment company alongside Weinstein’s brother, Bob.”
The report says Glasser “has long been dogged by legal issues that date back more than two decades. In the most serious case, Glasser’s former company was used to launder the proceeds of a massive stock manipulation scheme which, according to federal prosecutors, was connected to the Genovese crime family. The mastermind of the scheme, Roy Ageloff, pleaded guilty to securities fraud and was sentenced to eight years in prison. Ageloff also helped launch Glasser’s career as a producer, and even tried to produce a film with Glasser about his own life, to be titled ‘Sold Short.’ Glasser was never charged with a crime.”
We encourage readers to click on the link above to Variety to read the publication’s full report.