CHAMPAIGN — Some of the money that financial adviser Timothy J. Roth is accused of diverting might have been used to finance a movie, a court-appointed receiver says.

The receiver, Tim Bertschy, has spent much of the last five months trying to piece together Roth's financial dealings.

Roth, 55, is accused by the U.S. Securities and Exchange Commission of taking more than $6 million from deferred-compensation plans he was advising.

The SEC filed a civil suit against Roth in U.S. District Court in March. Bertschy, a Peoria attorney, was subsequently appointed by the court to oversee and account for assets controlled by Roth and his businesses.

In May, Bertschy reported that people may have lost as much as $12 million as the result of Roth's actions. Those actions, according to the SEC, included diverting money to accounts and companies under his control.

On Thursday, Bertschy told The News-Gazette he is still calculating how much was diverted and how much has been collected. He said he hopes to have a better accounting in another month or so.

But Bertschy said he does have a good notion of where the money went.

"The money was spent on the computer-related businesses that Mr. Roth had engaged in, and on additional investments in several other ventures, including a movie venture," Bertschy said.

Bertschy would not elaborate on the additional investments, including the movie. But Roth's involvement in three computer-related businesses — Mezolink, Celect.org and Vcomm Networks of Canada — has been well-documented.

Champaign-based Mezolink, a data services company based in the M2 building, closed shortly after the suit was filed.

Celect.org, which operated from Evanston, provided Web-based services to fraternities and faith-based organizations.

Vcomm, based in Toronto, provided the same types of services in Canada.

"I believe substantially all the money taken from the (deferred-compensation plan) investments was spent on the computer businesses and other ventures," Bertschy said. "A relatively small amount was spent on Mr. Roth personally."

In Bertschy's most recent report filed with the court, he stated that Roth bought a Mercedes for his former fiancee. That car was turned over to the receiver on Aug. 15 to be sold. A Ford truck that Roth owned was sold earlier.

Also in the report, Bertschy stated he understood Roth has moved from his home in southeast Urbana, though his former fiancee continues to live there.

Bertschy said he believes Roth has "moved to another location in the vicinity."

The SEC's civil suit alleges that Roth took more than $6 million from plans of companies that were clients of his employer, New Jersey-based Comprehensive Capital Management.

The suit claimed that between October 2010 and February 2011, Roth took mutual-fund shares from the plans, redeemed the shares and funneled money to companies and accounts under his control.

In his most recent report to the court, Bertschy said the sale of Celect.org's customer lists, accounts and intellectual property is nearing completion, with the arrangement of an asset-purchase agreement with a third party.

Also, about 10 different entities have expressed interest in buying the tangible assets of Roth's businesses.

Separately, Bertschy reported he has reached an agreement with the Champaign-based Dodds Co. regarding $179,000 placed into escrow for construction debt.

The Dodds Co. maintained it was due about $183,000 for work it did on Mezolink's office and data center in downtown Champaign. As a result of the agreement, The Dodds Co. will receive $112,585.

Bertschy has set up a website, http://www.rothcosreceiver.com, for investors, creditors and claimants in the case.

He said he has received claims from vendors and suppliers that have not been paid, as well as from investor-clients.

"There was a lot to learn about this case," Bertschy said. "We learned a lot in the past few months, and we're almost to the point where we can begin to answer more questions."