In 1984, after a string of financially unsuccessful pictures, losing a messy divorce and recovering from a serious illness, he took several million dollars from the accounts of his company, Film Ventures International, and disappeared. He has not been seen or heard from to this day.
The days of the independent film are numbered. Independents are now going to have to product more of their own product to survive financially instead of relying on smaller distributors to pick up these films for release, now that television pay per view channels will want studio blockbusters. You have to spent at least $1 to $2 million to compete on any level at all.