By Bryce J. Renninger | Indiewire April 18, 2011 at 5:51AM
The Cohen Media Group has announced that it has acquired all US rights to Jeff Prosserman's "Chasing Madoff." E1 is handling the film in Canada.
The full release follows...
COHEN MEDIA GROUP ACQUIRES JEFF PROSSERMAN’S RIVETING DOCUMENTARY “CHASING MADOFF”
New York, NY (Thursday, April 14, 2011) – Charles S. Cohen, Founder and President of Cohen Media Group, announced today their acquisition of Jeff Prosserman’s documentary “Chasing Madoff” based on the New York Times best seller “No One Would Listen” by Harry Markopolos, published by John Wiley & Sons, Inc.. The film is directed and produced by Jeff Prosserman and executive produced by Jeff Sackman, Randy Manis and Anton Nadler.
Comparable to the dogged pursuit of Al Capone by Eliot Ness, “Chasing Madoff” is the compelling story of Harry Markopolos and his team of investigator's ten-year struggle to expose the harrowing truth behind the infamous Madoff scandal. Throughout the decade long investigation, Markopolos pieced together a chain of white-collar predators consisting of international bankers, lieutenants, and henchmen, all linked to the devastating Ponzi scheme. With risk and danger apparent, Markopolos and his loyal team relentlessly continued to pursue the frightening truth. Finding himself trapped in a web of epic deceit, the once unassuming Boston securities analyst turned vigilante investigator feared for his life and the safety of his family. Arming himself to the teeth, Harry became increasingly paranoid as the press continuously silenced his efforts of exposure and he discovered that no one would listen. “Chasing Madoff” is a documentary feature that reveals the shocking true story behind the Bernard Madoff scandal from the team that discovered it ten years before the public.
“Harry Markopolos showed incredible commitment to the perusal of truth as the man who knew that people were wronged by the Ponzi scheme conceived by Bernie Madoff. We are proud to distribute the film that illuminates the 10 year struggle that Markopolos went through,” says Charles Cohen.
“Chasing Madoff is a microcosm of the greed and hubris that plague our turbulent economic times. I am excited to partner with Cohen Media Group to release the film in the United States. Their courage and expertise will play an integral role in getting this story out to the world, “says Jeff Prosserman
The deal was negotiated by Raquel Liberman on behalf of Dembitzer and Dembitzer LLP and Gary Rubin on behalf of Cohen Media. Andrew Herwitz, President of the Film Sales Company, negotiated the deal for the producers.
About Cohen Media Group
Charles S. Cohen, Steve Scheffer and Edmondo Schwartz have formed Cohen Media Group, LLC (CMG,) a new theatrical production and distribution company. The company will produce and distribute independent films throughout North America. Its first release “Outside the Law”, directed by filmmaker Rachid Bouchareb, was nominated for a 2011 Academy Award. In addition, “My Afternoons With Margueritte” starring Gerard Depardieu is to be released in June 2011 along with “Oranges and Sunshine” in Fall 2011. Cohen Media Group will produce and release select films annually; allowing the CMG team to devote their efforts toward each film’s fullest potential.
In 2008, the company produced “Frozen River” which garnered two Academy Award nominations. Cohen Media Group currently has two properties in development, Operation Mincemeat; a World War II historical drama and Lila the Werewolf; by acclaimed author Peter S. Beagle, about a man who finds out that there's more to his girlfriend during a full moon in New York City. Both are slated to start production later this year.