Next Episode of American Greed is
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Enter a world where crime pays well--until you get caught. CNBC's unprecedented original primetime series, American Greed takes you inside the scams, schemes and broken dreams…revealing the amazing real-life stories of how some people will do anything for money.
Follows financier Martin Frankel, a con man who vanished with $200 million in a story involving money laundering, prostitution, bizarre sex and drug abuse.
In case 1, John Bennett's "Foundation for New Era Philanthropy" scammed millions of dollars from patrons. Case 2 follows Eric Stein, who masterminded of one of the largest Ponzi schemes in the history of Nevada to the tune of around $34 million.
In case 1, $300 million in art, including paintings by Rembrandt, Vermeer and Manet, are stolen from a Boston museum at night. In case 2, pastor Abraham Kennard scammed the savings from small churches hoping to better their communities, costing around 1600 churches $10 million.
Case 1 follows Scientologist minister Reed Slatkin, who scammed investors out of more than $600 million. In case 2, Vilas Likhite, a doctor stripped of his medical license, becomes a con man selling forged artwork before being exposed by a sting operation.
Respected pharmacist Robert Courtney dilutes life-saving drugs for cancer patients.
In case 1, Bernard Ebbers, CEO of WorldCom, rose from nothing to become a "telecom cowboy," before the 1990s downfall of WorldCom impacted thousands of investors. In case 2, Joseph Medawar is a television producer creating an action adventure series based on real-life national security cases, but the show is a scam to defraud investors of millions of dollars.
Follows Barton H. Watson, the one-time chairman of CyberNET, a successful global technology company. Watson was accused of stealing millions as a con man, committing suicide before he could be arrested.
Once described as "The Most Aggressive CEO in America," Tyco's one-time CEO Dennis Kozlowski stole millions from the company for a lavish party, a gilded shower curtain, and fine art, before being incarcerated for white-collar theft. The episode documents Kozlowski's personal life in prison.
In case 1, starting with members of their own church, two men defraud investors of more than $21 million in the Miracle Cars scam, one of the larger car scams in United States history. In case 2, Investors lose more than $170 million to a sham offshore bank promising 100% guaranteed returns.
In case 1, Dana Giacchetto advises Hollywood stars, but then around $10 million goes missing. In case 2, Alfred Taubman, an art collector and a one-time chairman of Sotheby's, is a convicted felon behind the price-fixing scandal at Christie's and Sotheby's.
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