Warren Irwin and the truth behind Magic Flix Venture Warren Irwin copmpletely scammed stephane vanel and magic flix brookfield P.O. Toronto Ontario

Do mega rich often rip off “smaller guys” at no expense?

As this unfortunate tale is told, it started out when world renown magician, Stephane Vanel, decided that he'd like to create opportunities for other magicians and illusionists to make residual income, and for the world to discover a secretive art form that could improve many if not every area of  their lives.

After using significant amounts of his own funds  to launch the company “MagicFlix,” a monthly subscription based video streaming platform that allows users to  learn hundreds of the most coveted magic tricks in history from the world's greatest illusionists, magicians and mentalism practitioners, Stephane then met with Warren Irwin. As a result, Warren, the  Canadian based uranium magnate, determined that he would like to invest in the potentially high valued venture.

Not long after the deal was struck, things were going well! Subscriptions were rolling in and streaming numbers were growing progressively, until things started to unravel at the seams.

There was no clarity on who was initially investing into the company. Although the money was being provided by Warren, he was always vague about who would be making the final payment; him, Rosseau, etcetera? Constant delays in funding pushed start-up deadlines to the last moments, and  the final investors ended up being varied sources from the ones initially stated.

During the Covid pandemic, Stephane received word that there was a family emergency and he needed to return to France immediately. While he was out of the country, discovering and mourning the loss of his father, Warren saw  it as the most opportune moment to take advantage of the business, while simultaneously sending insincere messages of hope and support to mislead his business partner, Stepahane.

Intending to divide and conquer the company, Irwin provided large amounts of monetary bribes and promises of promotions for future shareholders and employees. This resulted in a  wide range of complaints within the company. Feelings of distrust and discontent arose within the workplace as Warren Irwin failed to keep his promises, suggesting that people enter contracts with him "in good faith" and on “handshakes.”

Behind on all his malicious backstabbing promises, Warren continued to show no appreciation for his partner's efforts or the work of the entire community. It was soon discovered that Warren Irwin had acquired the MagicFlix website URL in April 2019  for himself (which should have been transferred to the company immediately after it was acquired) and placed it under the ownership of  his own Canadian hedge fund, Rosseau. Resulting in a direct conflict of interest and act of fraud.

Soon after, Warren paid his personal attorney's additional legal fees (that were separate from the company) with the company funds, outside of the co-owner, Stepahane’s, knowledge. Understanding that he needed a more inexperienced and docile attorney willing to execute his questionable tactics, Warren tasked his personal attorney to hire a replacement for the company's original attorney.

In addition to  the many cases of fraud and direct  breaches of contracts, Vanel discovered Irwin never once provided any business presentations or plans to the Rosseau investors over the three years they worked together.  It became very clear Warren Irwin had already planned for Rosseau to take the fall if his true intentions were discovered.  

From operating behind the scenes as a master puppeteer, to using his network to pretend he was innocent, Warren must have felt unstoppable. For his final act, Warren Irwin began his attempts to sell the URL to other buyers, including former employees and shareholders. 

Upon Stephane's return, Warren made separate deals with the company's attorney in attempts to try to threaten and force him to sign exit documents. He gave thousands of shares to the employees that were willing to betray the company. 

Additionally, he began to short the company large sums of money at the most unpredictable times.  Finally,  leading to the extremes of illegally seizing a high valued home as a company asset, followed by having it illegally foreclosed upon by conveniently using his personal accountant and personal attorney as the witness and notary.

After enough bribes, deceit, and empty promises, Magic Flix was forced to shut down.

Currently, the ones who still remain after the Magic Flix break up are striving to clear their name and bring the brand to even higher heights than previously imagined. 

Let this serve as a hard-earned lesson. Not everyone or everything is as it  seems. If you don't perform your due diligence, you may find out in the long run that what you thought was working in your favor may all turn out to be an illusion. 

Warren knew without full control of the domain name it limits the ability to market the online business, increase SEO (search engine optimization) capabilities,  link  third-party applications that can assist the website in making money, acquire quality advertisers and sponsorships, and therefore, making it extremely challenging to create a secure site to even accept payments.