City News Service reports that Lucius Foster was convicted of 21 misdemeanor counts of grand theft after a jury deliberated for about three hours on Wednesday. A Los Angeles judge is scheduled to sentence the 89-year-old on Thursday afternoon.
Lucius Foster was convicted of taking $5,000 each from 21 people for whom he promised to build affordable homes made from cargo containers. The units were never built, and prosecutors alleged he used blatant lies and charm to attract investors.
He acknowledged he remains estranged from his two-time Oscar-winning daughter and was immediately taken into custody after the verdict.