FX series reeks of Ponzi plot

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In the wake of the Bernard Madoff scandal, former "The Shield" star Michael Chiklis is developing a series at FX about a similar investment scheme.

The project, called "House of Cards," revolves around a group committing an elaborate scam similar to the alleged Madoff fraud.

Chiklis has been developing the project since February after he and his wife became victims of a Ponzi scheme.

"It really rocked our world," Chiklis said. "Not so much from a monetary standpoint — it didn't significantly hurt us — it was more the feeling of being betrayed and the ripple effect it caused."

The Madoff case has had a strong impact in Hollywood, with such top names as Steven Spielberg and Jeffrey Katzenberg among those reported to have been swindled.

Chiklis is planning to executive produce but not star. A showrunner will be announced soon.

For Chiklis, his monetary loss in the scheme was compounded by his regret of convincing friends to invest too.

"That was the worst part of it," he said. (partialdiff)
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