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Robert Maxwell Biopic Planned

By Garth Franklin Wednesday June 28th 2006 01:26AM

The life of disgraced media tycoon Ian Robert Maxwell is to be turned into a Hollywood movie reports the UK's Teletext news service.

Producer Edward R Pressman, whose films include Wall Street and American Psycho, is to adapt the stage play about Maxwell, Lies Have Been Told. Pressman said: "Maxwell's story is Citizen Kane meets Wall Street." Producer Dale Djerassi is in London to meet directors and screenwriters.

The British media proprietor, rose from poverty to build a large publishing empire. After his mysterious death in 1991, it was revealed that he had been stealing from staff pension funds on a massive scale to prop up his ailing empire.

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