Next Episode of American Greed is
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.
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.
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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