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Tag: Michael Douglas

Michael Douglas Helping FBI Fight Insider Trading

By BEN PROTESS and AZAM AHMED
New York Times

Gordon Gekko is cooperating with the F.B.I.

No, there’s not another big-budget Oliver Stone follow-up to “Wall Street” in the works. Instead, Michael Douglas, who played the financier in the 1987 movie and the sequel, is now starring in a straight-to-television video for the Federal Bureau of Investigation meant to root out insider trading — the same crime that brought down the high-flying Mr. Gekko.

A one-minute spot that points out that illicit trading is, in fact, illegal might not seem a priority. But the new video — now showing on CNBC and Bloomberg Television — is part of the government’s broader initiative aimed at drawing cooperating witnesses and tipsters from Wall Street.

To read more click here.

FBI Says Billions in Financial Crime Restitution (AP)

Actor Michael Douglas’ Son Messes Up Again After DEA Bust

Michael Douglas
Michael Douglas

By Allan Lengel
ticklethewire.com
Actor Michael Douglas’ son Cameron, who was busted last month by the DEA on charges of drug trafficking, has messed up again.

The New York Post, attributing reports to law enforcement sources, said that Cameron Douglas, 30, who was under house arrest, was taken on Wednesday “from his posh pad that belongs to his mom, Diandra Douglas, and brought to the Metropolitan Correctional Center” in New York after his girlfriend was busted for bringing him an electric toothbrush stuffed with 19 tiny bags of heroin in the battery compartment.

Wire service reports said that the DEA arrrested the girlfriend Kelly Sott and found heroin, crystal meth and marijuana in her room.

A federal magistrate ordered that she be held without bail and get treatment for heroin addiction.

The New York Post reported that Michael Douglas issued a statement saying “the family is devastated and very disappointed.”

Court records show his criminal complaint remains under seal.

DEA Task Force Busts Michael Douglas’ Son For Meth

This may not be the bust of the century, but when you’re the son of Michael Douglas, it’s a bust that won’t go unnoticed. Sometimes it just sucks to be famous — or related to someone who is.

By TOM LIDDY and LUKAS I. ALPERT
New York Post
Michael Douglas
Michael Douglas
NEW YORK— And the Oscar for biggest ne’er-do-well brat child of a legendary acting family goes to — Cameron Douglas.

The son of Academy Award winner Michael Douglas has been arrested once again — this time in the Big Apple for getting in the middle of a deal to sell an eye-popping pile of crystal meth, law-enforcement sources said yesterday.

The 30-year-old sometime-actor/sometime-DJ was busted on July 28 at the Gansevoort Hotel in the Meatpacking District by a DEA task force, the sources said.

For Full Story