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››Avoiding Film Industry Fraudsters: Key Tips for Investors

Avoiding Film Industry Fraudsters: Key Tips for Investors

By Sarah S. Bryant
April 7, 2022
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By Alex Wyman and Tyler Downing (April 7, 2022, 5:47 p.m. EDT) — Investor fraud is an old craft. Long before the infamous Bernie Madoff robbery in 2008, there was the Charles Ponzi scam in the 1920s that gave the title to the eponymous scheme. But much like the economy itself, would-be fraudsters have evolved and adapted, taking advantage of new industries and opportunities presented by investors’ inherent unfamiliarity with nascent or rapidly changing fields.

This is as true in Hollywood as it is on Wall Street. And with the rapid expansion of the film industry triggered by the emergence of streaming empires desperate for content, Hollywood has quickly become a prime target for scammers looking to…

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