In February 2019, the SEC claimed Adams and his business partner, Michael Flanders, had defrauded investors in connection with the film An L.A. Minute. According to the SEC a fictitious wire transfer confirmation and signature page, forged by Adams, was sent by Flanders to an investor to create the false appearance that investments had already been made in the film.
In February 2019, the SEC accused Adams and his business partner, Michael Flanders, of misleading investors about their involvement in the film An L.A. Minute. The SEC stated that a forged document, created by Adams, was sent to an investor by Flanders to create the false impression that investments had already been made.