Michael Douglas, a famous actor from the movie Wall Street, made a public service announcement saying that while the movie may be fake, the problem of investment fraud is very much real. He warns investors that if an investment looks too good to be true, then is probably is.
By Ethan Sacks
Monday, February 27, 2012, 6:26 PM
Daily News
Greed is good on the big screen, but not in real life.
That is the message delivered by Michael Douglas, who made that line famous in the 1987 film “Wall Street,” in a new public service announcement he filmed for the FBI asking the public to help provide tips on securiities fraud.
“In the movie ‘Wall Street’ I played Gordon Gekko, a greedy corporate executive who cheated to profit while innocent investors lost their savings,” Douglas says in the video. “The movie was fiction, but the problem is real.
“Our economy is increasingly dependent on the success and integrity of the financial markets. If a deal looks too good to be true, it probably is.”
Douglas’ signature character, which he reprised in a 2010 sequel, won the actor a Best Actor Academy Award.
The video is part of a bureau initiative to publicize the perils of insider trading and other investment fraud in the marketplace.
“Integrity and fairness are paramount to the success of our markets. Today’s announcement brings us closer to that objective,” said FBI Assistant Director in Charge Janice K. Fedarcyk in a statement. “The FBI will continue to pursue those who cheat the system.”
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