Sunday, August 17, 2008

Olympia Entertainment and World Wide Entertainment/Jack Utsick Presents

from a photo gallery of the
10th Annual
Concert Industry Consortium Conference

L-R: Greg Young (Jack Utsick Presents/Entertainment Group Fund), Chris Patterson and Ned Collett (Olympia Entertainment), and Bob Baker (Peloton Creative Group).

Prior to joining Jack Utsick Presents/Entertainment Group Fund/World Wide Entertainment (World Wide Entertainment - Michigan, LLC), Young was executive producer at the Ilitch-owned Olympia Entertainment (Detroit's Fox Theater) from 1998-2003.

According to Daily Variety, Greg Young, formerly an Indianapolis-based independent producer of road revivals, was hired and moved to Detroit in 1998 by Olympia Entertainment partly to develop new Broadway-style productions with an eye toward the national marketplace.

Young is currently a partner at Allterra Capital Partners, LLC and Variety reports Young is involved with a revival of Bob Fosse's "Dancin" which is set to stage at New York's Studio 54 in Spring 2009.

Jack Utsick/Entertainment Group Fund and other related promoters are the targets of a $300 million fraud case filed by the Securities and Exchange Commission (SEC).

Young, who is also reportedly the owner/operator of the Royal Oak Music Theater (ROMT) in the greater Detroit-area is also involved in the case. ROMT owed the World Wide Entertainment Group receivership $475,000.

Another Ilitch partner, Michael Malik, is also involved in the federal $300 million fraud case. Subsequent charges have been filed against Malik seeking his return of more than $2.1 million that a receivership alleges Malik received in a fraudulent transfer.

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