Former NYC talent agent Peter Strain pleads GUILTY to stealing more than $500K from clients

So, according to reports, former talent agent Peter Strain in NYC stole over $500K from one client in 2011.

Ultimately, to pay the client back, Strain stole from another client.

And on and on it went.

From the FBI:

Preet Bharara, the United States Attorney for the Southern District of New York, and George Venizelos, the Assistant Director in Charge of the New York Field Office of the Federal Bureau of Investigation (FBI), announced that Peter Strain, a talent agent for film, television, and Broadway actors, pled guilty today in Manhattan federal court to stealing more than half-a-million dollars from his clients, which he used to purchase personal luxury retail goods and artwork, among other things.

Strain was originally charged in November 2013, and he pled guilty today before United States District Judge George B. Daniels.

Between approximately 2011 and 2013, Strain diverted money he received on behalf of three clients and used it to, among other things, pay for personal luxury retail goods and artwork. In order to conceal his theft and ensure that his clients allowed him to continue receiving money on their behalf, Strain repeatedly lied to his clients about why he had failed to timely remit their money.