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Transcripts For CNBC The News With Shepard Smith 20240711

To say, yeah, i want to be part of that. Narrator but theres no hollywood happy ending for carpenters investors. She told people that she put hundreds of millions of dollars of her own money into the project, and that was not the case. I didnt steal their money. They made an investment. Frey what can you say, you know . Some days youve just got to go tip your hat to her ability to swindle. Narrator abundant fields of sunflowers and tomato crops surround the sleepy town of dixon, california. But in 2013, the Small Community 20 miles west of sacramento is in the whitehot spotlight. The biggest movie studio in the world is going to be built in the middle of its fertile farmland. This was cast as a 2. 8 billion movie studio project. There was nothing small about it. Narrator according to the projects supervisor, carissa carpenter, the movie studio will be the envy of the film industry. She was going to build it bigger and better than anybody else in california. Stanton she had this team of

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