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.

http://articles.latimes.com/2011/jan/19/local/la-me-medawar-20110119

And film producers have the audacity to claim the financial industry is a scammer?

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