Featured on TV show ‘American Greed’: TV producer Joseph Medawar defrauds investors; then gets longer resentence after scam of terms of probation

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?


Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google+ photo

You are commenting using your Google+ account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )


Connecting to %s