Described on an episode of ‘American Greed’ as a “constant conman”; Medawar used stolen scenes from other films to comprise a trailer to draw initial interest to prey on fellow church-goers on a promise for an IPO that never occurred. And neither did the TV series.
Then, the IRS & FBI both began to investigate a prior phony stock offering of his in 2001. Medawar was arrested in 2006 based on the new pending IPO offering claimed $200M in assets that didn’t exist.
Susceptible investors included a single mother from Watts, California who lost her home. Medawar paid back investors virtually nothing; but did get probation and then scammed the terms of probation too.
And film producers have the audacity to claim the financial industry is a scammer?