Monday, September 26, 2005

This Los Angeles Times article describes how a pitch for a new TV series led to an arrest for fraud:

"In May 2003, a dapper self-described financial strategist from Century City embarked on what he promised investors would be a riveting television series based on the newly created U.S. Department of Homeland Security.

Saying his drama had the blessing of President Bush and others in Washington, D.C., Joseph M. Medawar quickly found plenty of backers for the show — one that he promised would be followed by a reality-based series titled "Fighting Terrorism Together."

But on Friday, in an ending that might have been foretold by anyone with a healthy skepticism of the Hollywood pitch, Medawar was arrested by FBI and IRS agents on charges that he bilked at least 70 investors — many of them from local churches — out of more than $5.5 million. Virtually all of the money, according to authorities, went to a lavish lifestyle that included luxury cars, shopping sprees, fancy dinners and $40,000-a-month in rent for a Beverly Hills mansion."