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''The Billion Dollar Bubble'' is a 1978 American film made for the
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series '' Horizon'' and directed by Brian Gibson about the story of the two-billion-dollar insurance embezzlement scheme involving Equity Funding Corporation of America. The movie stars
James Woods James Howard Woods (born April 18, 1947) is an American actor. He is known for his work in various film, stage, and television productions. He started his career in minor roles on and off- Broadway. In 1972, he appeared in ''The Trial of the ...
in the role of the actuary.


Plot

Temporarily unable to obtain current figures for their upcoming business report, Art Lewis and others in the insurance department of Equity Funding devise a plan to forge figures totaling the company's expected performance for that year. When the company does not perform as well as expected Art and others decide to create fake insurance policies in order to generate the necessary figures to match the expected performance, a provisional measure that is only expected to last a short time. More policies must continually be created in order to continue to the supposed growth of the company so Art enlists the aid of technician Al Green to develop computer software to randomly generate policies, the details of which must then be filled out manually. Computer and human error lead to supposed policyholders filing claims for medical conditions of the opposite sex and bills being returned because the addressees are unknown. The company manages to deceive individual auditors and the management offers Art more stock in the company and higher pay as enticement to continue the charade, knowing that he has been looking to move up in the company. Eventually the state insurance commissioners intervene and many of the key players are sent to prison.


Cast

*
James Woods James Howard Woods (born April 18, 1947) is an American actor. He is known for his work in various film, stage, and television productions. He started his career in minor roles on and off- Broadway. In 1972, he appeared in ''The Trial of the ...
as Art Lewis (sentenced to a minimum of 2 years in prison) *
William Hootkins William Michael "Hoot"Austin Mutti-MewseObituary: William Hootkins ''The Guardian'', November 14, 2005, accessed December 13, 2012. Hootkins (July 5, 1948 – October 23, 2005) was an American actor, best known for supporting roles in Hollywood b ...
as Lloyd Edens (sentenced to a minimum of 2 years in prison) * Shane Rimmer as Fred Levin (sentenced to 5 years in prison) *
Sam Wanamaker Samuel Wanamaker, (born Wattenmacker; June 14, 1919 – December 18, 1993) was an American actor and director who moved to the United Kingdom after becoming fearful of being blacklisted in Hollywood due to his communist views. He is credited a ...
as Stanley Goldblum (sentenced to 8 years in prison) *
Christopher Guest Christopher Haden-Guest, 5th Baron Haden-Guest (born February 5, 1948) is an American-British screenwriter, composer, musician, director, actor, and comedian. Guest is most widely known in Hollywood for having written, directed, and starred in ...
as Al Green (sentenced to 3 months in prison) *
Lionel Murton William Lionel Murton (2 June 1915 – 26 September 2006) was an English character actor. Born in Wandsworth, London, he was resident at Little Orchard, Weston Road, Upton Grey, Basingstoke, Hampshire, England, before his death at age 91. He was c ...
as Joe Taubkin (received a suspended sentence)


See also

* Fictional actuaries


References


External links

*
Billion Dollar Bubble
at Rotten Tomatoes American drama films 1978 drama films 1978 films Films set in 1969 Films set in 1970 Films set in 1971 Films set in 1972 Films set in 1973 Films set in Los Angeles Films directed by Brian Gibson 1970s English-language films 1970s American films 1978 television films {{1970s-drama-film-stub