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Quick Answers...Fraud Scams


I have received an offer in the mail to invest in a film project. Does this seem like a good idea?

Investment opportunities in the entertainment industry may sound glamorous, cutting edge and can’t-miss, but films, infomercials and the Internet are among the most risky ventures. Promoters often invite consumers into the world of entertainment with promises of projects that have already generated profits for industry insiders. Unfortunately, many films never make it to a theater, let alone television or video distribution. And even if a film succeeds at the box office, financial backers are usually the last to get their money back from the project.

So what’s the scoop on investing in supposed high-profit, low-risk entertainment-related offerings? According to the Federal Trade Commission, if you want to invest in a movie, buy a ticket. If you want to invest in cable television, subscribe to a service. And if you want to invest in the Internet, sign up with an Internet service provider.



Written by:
Sandra McKinnon, Family Financial Education Specialist, University of Missouri-Extension
Cynthia E. Crawford, Ph.D., Family Financial Education Specialist, University of Missouri-Extension



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Last update: Wednesday, April 19, 2006




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