Warner Bros. has preemptively picked up the film rights to book proposal Chasing Phil: The World’s Greatest Con Man, Two Undercover FBI Agents, and Their Amazing Around The World Adventure for Team Downey, Robert Downey’s production company. The book, written by David Howard, is based on the true story about the FBI’s first foray into white collar crime-fighting. It centers on two young FBI agents who infiltrate the world of Phil Kitzer, the charismatic mastermind behind dozens of multi-million dollar schemes. Downey Jr., Susan Downey and David Gambino are producing while Rob Hackett is overseeing with Gambino for Team Downey. Courtenay Valenti and Julia Spiro are overseeing for Warner Bros.