jue, 21 feb 2013
From spending hundreds of thousands of dollars on clothes and cars to leaving thousand-dollar tips at bars, Michael Vorce is a twenty-something playboy living it up. By all appearances he makes millions selling and buying luxury yachts, which allows him to borrow millions from banks. But when the loans come due, questions float to the surface - where are all the yachts? And where is all the money?
jue, 7 mar 2013
Perry Griggs runs an investment fraud claiming to sell coffee futures when all he did was keep investor money. While in prison for his conviction, he starts another scam where the victims are fellow prisoners and their families, many of whom took second mortgages on their homes to fund Griggs' fraud.
jue, 14 mar 2013
A trio of Texas conmen scores $100 million, telling investors there's big money in the "life settlement" insurance biz. They claim policy holders can cash out before they die and investors can double their money. When the fraudsters fail to pay returns and keep the money for themselves, it all comes crashing down, leaving investors' finances in critical condition.
jue, 18 abr 2013
Jack Walsh and Charles Martin appear to be getting very rich running a Chicago currency trading brokerage. But an audit reveals that they've been pilfering clients' accounts to the tune of $10 million. Their outrageous spending even included $1 million at a single strip club. Then, in "Miami Burn"...a trusted tax advisor lures his best friends into an investment scheme that bleeds them dry.
jue, 9 may 2013
Trevor Cook seems to be a local boy made good in Minneapolis, running an investment fund. Cook and his cohorts solicit $190 million from 700 investors, many of whom were swayed by a talk radio star. The investors think the money is going into foreign currency securities but will be shocked to see how Trevor and his boys blow their hard-earned savings...turning a historic mansion into a den of debauchery.
jue, 20 jun 2013
First, a New Age evangelist becomes a greedy, groovy, guru, telling investors that positive thinking can lead to positive returns. But this false prophet is returning nothing but false profits in her $113 million scam. Then...civilization is on the verge of collapse, Ronnie Gene Wilson tells his followers, and the only path to a secure future is investing in precious metals.
jue, 27 jun 2013
Michael McCant is a former bank robber who says he's gone "legit" and is now making millions by promoting up-and-coming rap musicians. McCant solicits money from individual investors, promising 30% returns on investment in his concert promotion business. Some investors give McCant their entire nest eggs but learn the hard way that this former convict is too illegit to quit...his life of crime.