Michael Douglas has a new gig - he is helping the Feds capture some real Gordon Gekkos.
The 67-year-old actor, who won an Oscar for playing the greedy corporate executive in the 1987 movie "Wall Street," stars in a new public service announcement for the FBI that calls on citizens to turn in people they suspect are committing securities fraud or insider trading.
The video was posted on the agency's YouTube page on February 24, just before the FBI's latest report about its financial crime investigations It says its recent probes of cases reported between October 2009 and September 2011 led to more than 3,000 convictions and involved insider trading, Ponzi schemes and fraud. Court-ordered restitution reached $12 billion.
Public attention on financial corruption has risen in recent months, especially amid protests by the Occupy Wall Street movement. The FBI's video starring Douglas has been viewed almost 40,000 times. It starts off with an iconic scene from "Wall Street," which sees Gekko announcing to a crowd that "Greed, for lack of a better word, is good. Greed is right."
Douglas then appears on a black screen.
"Hello I'm Michael Douglas," he says. "In the movie 'Wall Street,' I play Gordon Gecko, a greedy, corporate executive who cheated to profit while innocent investors lost their savings. That movie was fiction but the problem is real. Our economy is increasingly dependent on the success and integrity of the financial markets. If the deal looks too good to be true, it probably is."
"For more information on how you can help identify securities fraud, or to report insider trading, contact your local FBI office or submit a tip online," he adds. "Thank you."
Douglas reprised his role as Gekko in the 2010 film "Wall Street: Money Never Sleeps," which also stars Shia LaBeouf and Carey Mulligan.