A Scottsdale man, Jose Teran, pleaded guilty to conspiring to stealing millions in music royalties.
Teran and his co-conspirator Webster Batista were charged with 30 felony counts
In pleading guilty, Teran admitted to conspiring with Batista to monetize music on Y.T. that he had no lawful rights to monetize or otherwise control. Teran further admitted that the entity, MediaMuv L.L.C., was created for the purpose of falsely claiming ownership over music recordings. He admitted that false claims were made to Y.T. that MediaMuv L.L.C. owned over 50,000 songs. Teran also admitted that he and Batista fraudulently received approximately $23,400,000 from their fraudulent scheme.
Teran faces up to five years in prison for the Conspiracy conviction, up to 20 years for the Wire Fraud conviction, and up to 10 years for the Transactional Money Laundering conviction. He may also be fined up to $250,000 per felony conviction.
Batista pleaded guilty to Conspiracy and Wire Fraud on April 21, 2022.
Terna’s sentencing is scheduled for June 26, 2023.