This is the American Greed Podcast presented by CNBC. I'm Stacy Keach.

In this episode of American Greed,

Carissa Carpenter is a budding movie mogul who wants to build the next Hollywood.

She had this unbelievable ability to tap into people's dreams.

But Carpenter needs the perfect spot for her billion dollar project.

And several small towns, Wanda, starting role.

They thought it was real, and they thought it was going to provide 2,000 jobs.

And I'm honest, I'm honorable, and I'm a good one.

Her one woman show runs for nearly 20 years.

She found an unlimited number of willing people with lots of money to say, yeah, I want to be part of that.

But there's no Hollywood happy ending for carpenters investors.

She told people that she put hundreds of millions of dollars of her own money into the project and that was not the case.

I didn't feel their money.

They made an investment.

What can you say?

You know, some days you just got to go tip your hat. They made an investment. What can you say?

Some days you just got to go tip your hat to her ability to swindle. abundant fields of sunflowers and tomato crops surround the sleepy town of Dixon, California. But in 2013, the small community 20 miles west of

Sacramento is in the white-hot spotlight. The biggest movie studio in the world is going to be built in the middle of its fertile farmland.

This was cast as a 2.8 billion dollar movie studio project. There was nothing small about it.

According to the project supervisor, Karissa Carpenter, the movie studio will be the

envy of the film industry.

She was going to build it bigger and better than anybody else in California.

...