10 Movies Made For Terrible Reasons
6. To (Allegedly) Scam Investors - Legends Of Oz: Dorothy's Return
Film fans often joke about awful movies being blatant fronts for money laundering, but in the case of 2014's animated film Legends of Oz: Dorothy's Return, that's basically true.
Producers Roland and Ryan Carroll began raising funds for the film in 2006, taking payments as high as $100,000 from a reported 1,800 investors, who were told that the film was expected to gross anywhere from $700 million to $2 billion. Optimistic much?
While raising funds, the pair were reportedly sent cease-and-desist letters from six U.S. states which accused them of violating financial laws, and given that the end product certainly didn't reflect its $70 million budget, it was easy to see why.
In addition to being panned by critics, Legends Of Oz: grossed just $21.7 million - a mere fraction of its budget.
In 2019, a civil lawsuit was filed against the Carrolls and fellow producer Greg Centineo for allegedly scamming their investors.
The suit claimed that the trio actually ended up raising a total of $122 million, and that they pocked more than $50 million before committing the rest to the movie's production budget. However, there's been no further news on the legal proceedings since 2019.