Beware Scammer Investor

In the UK, at least.

As some will know, we're trying to get a pilot TV episode off the ground. Hopefully it'll happen before I turn 60! Still unsure on funding approach right now. We have enough things in place to try crowdfunding (although a promo video would apparently be useful for this; right now I find this idea problematic).

In an ideal world (I guess everyone feels like this), a single Angel investor would step forward and pitch the whole budget in for a 50% slice.

I've been in contact recently with an individual purporting to be just that. It almost seemed plausible for a short while. Talked to him on the phone twice; pretty good patter, very confident, came across as a working class boy who'd made good, etc.

Then he told me he'd funded the pilot episode for E4 show Youngers. I noted this was a bigtalk production (long-established company; they did Spaced), so I wondered why indie funding would come into play. No refs to a pilot; just that E4 had commissioned a series from bigtalk. Still, it could be more complicated behind the scenes, right?

While still communicating with the guy, I contacted bigtalk to confirm or deny.

So he sends me a 1st draft 'pre-contract' document. Very shabby piece of work riddled with typos and contradictions. Essentially, the upshot is that it was requesting I remit admin expenses (solicitor, broker, whatever) -- depending on what part of the paragraph you read, I had to pay ALL of the £1900 (itself an improbably vast sum), 60% of it, or no more than £1000 of it. Yeah, really, all in one paragraph!

So I ran the smell test past him. I said, "How about we shave 1k off the agreed budget and you can take care of all the expenses very simply that way?" LOL. Of course that just wasn't to his liking. For some reason it was imperative that this 1k come from ME. Also I noted his company was all of one month old with listed assets of £100, with only one previous company extant 2008-2010 which liquidated without filing any accounts.

Oh, anyhow, bigtalk got back to me -- Youngers was fully financed by Channel 4. Quelle surprise.

I'd already written him off at this point, BUT -- I forwarded this mail to him and added "NEXT!!" at the bottom. Just for laffs. No reply.

If anyone receives similar offer, feel free to PM and I can confirm individual's name, etc.
 
I am on several film financing boards and the best strategy to find investors is to get the Hollywood Creative Directory on Financing and look for Entertainment Lawyers / Solicitors specializing in Imtellectual Properties and Securities to get distributors and investors. Don't do it on your own.
 
These kinds of vermin bet on most folks NOT doing their homework. Seen the same crap with cinematographers taking credit for work they did not do, and of course dirtbags taking writer credits they did not earn. Or even just outright stealing a screenplay and calling it their own.

There is a psychotic desperation to 'make it' in film, and scammers and leeches and scumbags know this, and feed on it. Folks trying to break in to acting really get taken to the cleaners with scams, and the overselling of ones real ability to actually find wannabe actors even a background role in a hair commercial. And the money flows in.

Let's face it, the odds are factually and tragically stacked against anyone hoping to make it in the film/entertainment business, be it as an actor, a director, writer, costume designer and/or maker, etc. The monies are limited. The glories of success are hypnotic.

Talk about a recipe for the grunge factor to move in and set up shop.

Appreciate the heads up on this one.


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