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Posts with tag investors

Outlaw dad surfaces on MTV's Sweet 16

my super sweet 16Some oil investors were pretty pissed off when they saw Gary Milby doting upon his spoiled daughter on MTV's My Super Sweet 16 earlier this season. There are four federal lawsuits pending against Milby for allegedly taking $20 million from investors in his Kentucky oil fields and then never giving them any return on their money. It's a long, complicated story about securities fraud and blah, blah... the interesting part comes when investors saw Milby on MTV, spending what they can only assume is their money on his daughter's birthday party. You see, they haven't been able to find the guy to serve him with the lawsuits.

Milby's Sweet 16 party for his daughter, Ariel, was pretty outlandish, even by MTV standards. He helicoptered her in to the princess-themed party and then she rode in a Cinderella-style carriage the rest of the way. There were the usual ice sculptures and fireworks, as well as a BMW as a birthday gift. I'm sure seeing this on television just rubbed salt on the wound of these poor investors.

I always wondered what the parents of these rich kids did for a living.

Enron: The Smartest Guys in the Room to have TV debut on PBS with new footage

enronEnron: the Smartest Guys in the Room, the Academy Award-nominated documentary from 2005 that tells the story of the Enron scandal, will be featured on PBS' Independent Lens showcase on April 24 at 10:00 p.m. The televised version also features a new conversation from January 2007 with co-authors Bethany McLean and Peter Elkind, two Fortune reporters who wrote the book The Smartest Guys in the Room, on which the documentary is based.

Continue reading Enron: The Smartest Guys in the Room to have TV debut on PBS with new footage

Woman in reality show scam sent to prison

DHSWay back in September of 2005 I mentioned a non-existent reality series created by a Hollywood producer in order to scam investors out of millions of dollars. The alleged reality series, DHS: The Series, was to focus on the Department of Homeland Security. No such series ever existed, and Joseph Medawar, the producer behind the scam, was sentenced last month to one year in prison.

Alison Ann Heruth, who lied in interviews saying she would both act in and co-produce the series, was given five years probation. She was recently sentenced to ten days in jail for violating the terms of her probation, which included paying $250 in retribution once a month.

Any takers on how long until this whole fiasco gets turned into a made-for-TV movie?

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