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FBI Hires Michael Douglas to Help Fight Fraud [VIDEO]

Gordon Gekko returns 25 years later to announce “Greed is NOT good”.
By: Ashley Baylen
Published: February 28th, 2012 in Culture » Society » News
Michael Douglas in FBI PSA

When Wall Street was released 25 years ago, New York’s economy was far from suffering. Although white collar crime existed, Western society was not experiencing the economical pressure it is today, especially since the financial collapse in 2008.

The FBI has launched a campaign against securities and commodities fraud, with an emphasis on inside trading, embezzlement by stockbrokers, and Ponzi schemes… and they have reached out to Wall Street’s Gordon Gekko aka Michael Douglas for support.

Douglas is featured is a public service announcement for the FBI, asking the public to report any information about securities fraud and other “white collar” crimes.

The one-minute PSA begins with a famous clip from Wall Street in which Gekko leads a shareholders meeting. It cuts to a current-day Douglas saying “I played a greedy corporate executive who cheated to profit while innocent investors lost their savings… the movie was fiction, but the problem is real. If a deal looks too good to be true, it probably is.”

The PSA premiered Monday, airing on national cable networks focusing on financial news.

The FBI plans to target the campaign towards 15 U.S cities; Atlanta, Boston, Charlotte, Chicago, Dallas, Denver, Los Angeles, Miami, New York, Newark, Philadelphia, San Francisco, Seattle, Washington, and New Haven. Apparently, these cities have been flagged multiple times with evidence of potential trouble and fraud cases.

FBI spokesperson, Bill Carter, said that Michael Douglas agreed to participate “right away” after being asked late last year.

“With a high-profile person like this, we hope this will be an effective way to get the word out,” Carter said.

Related articles: FBI, Wall Street, Michael Douglas, Gordon Gekko, White Collar, Crime, Fraud, Economy, Embezzlement, Ponzi Scheme, PSA
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