MANHATTAN — Michael Douglas recorded a public service announcement for the FBI, rebuking the message of Gordo Gekko, the infamous corporate raider he played in the 1980s film "Wall Street."
The PSA uses footage from the film, including the scene where Gekko tells investors that "greed is good."
"The movie was fiction, but the problem is real," Douglas says in the PSA. "Our economy is increasingly dependent on the success and the integrity of the financial markets. If a deal looks too good to be true, it probably is."
There have been several high profile cases of insider trading and Ponzi schemes in New York City in recent years.
Upper East Side resident Kenneth Starr was sentenced to seven and half years for defrauding various high profile and celebritiy clients out of $30 million.
And, of course, Bernie Madoff, is serving a 150-year prison sentence for running the world's largest Ponzi scheme, bilking investors out of $85 billion.
The FBI urges people to report securities fruad or insider traidng at tips.fbi.gov.