A Rhode Island man has pleaded guilty to charges stemming from a scheme that defrauded $4.2 million out of people looking to invest in a “Magic Mike” show in Las Vegas.

John Santilli Jr. pleaded on Thursday to a count of securities fraud and a count of wire fraud, the U.S. Attorney’s Office for the Central District of California announced.

A plea agreement states that Santilli managed and partly owned Aloris Entertainment, LLC, which had a stake in Mike’s Mobile Detailing, the company that operates the “Magic Mike Live” stage show.