Home » Santa Clarita News » Film Director Dror Soref Arrested For Running Alleged Ponzi Scheme

Film Director Dror Soref Arrested For Running Alleged Ponzi Scheme

Film director Dror Soref was arrested in Santa Clarita Friday for allegedly running a multimillion dollar ponzi scheme.


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Soref, 65, of Santa Clarita, is suspected of violating section 25110 of the state of California Corporations Code and was arrested by officials with the California Department of Insurance, according to a news release.

The California Department of Insurance alleges that Soref worked with former state registered insurance agent Michelle Kenan Seward, 42, of Flintridge, offering to sale securities that did not meet Corporations Code requirements.

The alleged ponzi scheme, is said to have tricked investors in Kern and Los Angeles County out of $21 million dollars, according to the news release.

In some cases, Seward talked clients into surrendering annuities early and paying large penalties by promising returns of between 10 and 18 percent, according to the news release.

Investors that surrendered annuities paid more than $600,000 in penalties and fees for early withdrawal, the news release said.

Soref is an award winning filmmaker who began his career directing parody music videos with “Weird Al” Yankovic, according to his biography on the IMDB website.

Soref was nominated for a Gold Hugo Award at the Chicago International Film Festival for his work directing the short film Platinum Blond, according to IMDB.

Soref is scheduled to appear in court on Sept. 28, and is being held on $2.7 million dollars bail, according to arrest records with the Los Angeles County Sheriff’s Department.

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KHTS AM 1220 - Santa Clarita Radio

Film Director Dror Soref Arrested For Running Alleged Ponzi Scheme

6 comments

  1. You mean Weird Al videos weren’t enough to pay your bills you ball bag!!! Just another POZER in the film industry!!!

  2. I am one of the victims of Soref’s ponzi scheme. All my husband’s retirement money was invesred. He passed away in 2011 leaving me without the monies my husband wanted me to have to live a comfortable life. I thought that nothing was going to happen to Seward and Soref butn now perhaps there is hope that justice will prevail.

  3. ONLY A LOW LIFE PIECE OF CRAP STEALS FROM THE ELDERLY. I hope that these people spend a serious amount of time behind bars!

  4. Dror Soref was a Scientologist running a Ponzi scheme. Barry and Kimberly Hunter from Utah were Scientologists running a Ponzi scheme. Reed Slatkin was a Scientologist running a Ponzi scheme.

    Anyone notice a pattern?

  5. I just heard from a reliable source that he is a Scientologist. That explains it…. Barbara I’m sorry this happened to you. I hope you are able to at least collect SS.

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About Enzo Marino

Enzo became a staff writer at KHTS AM-1220 in June 2015. He is working towards his Associates Degree in New Media Journalism at College of the Canyons where he is currently involved with Cougar News, the on-campus student and community news outlet. Enzo’s passion for news started when he was an intern at KNBC-4 in Burbank