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American Greed (also known as American Greed: Scams, Scoundrels and Scandals and as American Greed: Scams, Schemes and Broken Dreams) is an American documentary television series on CNBC. [ 1 ] [ 2 ] The series focuses on cases of Ponzi schemes , embezzlement and other white collar crimes and features interviews with police investigators, fraud ...
Madoff is a 2016 American television miniseries written by Ben Robbins, inspired by Brian Ross' book The Madoff Chronicles, about the Madoff investment scandal.The Madoff investment scandal was a fraud scheme perpetrated by Bernie Madoff, a former stockbroker, investment advisor, and financier.
In case 1, Phillip Barry runs a Ponzi scheme in Brooklyn that scams over 800 investors of $40 million, resulting in a 20 year prison term. In case 2, Kevin Carney is running a Ponzi scheme in Chicago by claiming he invented a new stock trading computer program producing high returns. He scams $19 million and is sentenced to 13 years in prison. [30]
The CNBC program American Greed, narrated by Stacy Keach Jr., describes, in episode #18 titled "Lou Pearlman: Boy Band Bandit", the massive fraud and Ponzi scheme, victim outrage at the federal offer to reduce Pearlman's sentence, and his proposed "Jailhouse Rock" (gag) reality series, and it also discusses the issue of sex with underage boys.
On the Netflix Top 10 Most Viewed list, the series premiered at number two [2] and was listed in the Top 10 in TV in twenty countries in the first week of 2023. [11] On the review aggregator website Rotten Tomatoes, 90% of 10 critics' reviews are positive, with an average rating of 6.90/10. [12]
The resulting scandal lead to multibillion-dollar losses and the arrest of Madoff, who was later sentenced to 150 years in prison. Lawyer Martin London, Mark Madoff's father-in-law, advises Bernie Madoff's sons to turn their father in to the authorities. Bernie Madoff admits to FBI agents that he had been operating a Ponzi scheme since the 1970s.
Following the show’s initial success, the series was renewed for a second season. After an uplifting season 1, season 2 took a dark turn when Navarro standout Jerry Harris was arrested on ...
In May 2012, Joseph Blimline was sentenced to 20 years in federal prison for operating two oil and gas Ponzi schemes. He operated a Ponzi scheme from 2003 to 2005 in Michigan, netting over $28 million. He then operated a Ponzi scheme in Texas, using a company called Provident Royalties, that lasted from 2006 to 2009 and netted over $400 million ...