This is the American Greed Podcast presented by

CNBC. I'm Stacy Kie Kich.

In this episode of American Greed.

Are you interested in the movies?

Do you like to make money?

The leaders of a makeshift movie studio

use a telemarketing scheme

to trick investors all across the country

to buy into the Hollywood dream.

What they're doing is they're selling hope, right?

But despite its fairy tale promises, Gigapick Studios isn't equipped to be anything other than a 21 million dollar bust.

Nobody else there ever produced anything.

Not a movie, not a birthday party, nothing. On March 12, 2012, 2012,

on the FBI

on the on

on March 12, 2012,

Chris Blaubelt enters the FBI offices in Los Angeles.

His company, Gigapick Studios, is under investigation for a possible $21 million

fraud perpetrated on investors throughout the country

and Blaubelt wants to set the record straight with the FBI.

But in a surprise twist, Blaubelt doesn't act like he's defending a fraud, but uncovering one.

I think that there's a possibility that there's enough evidence or enough problems here that if you could go through

...