Want to Learn How Ponzi Schemers Think? Watch American Greed on May 30
Despite the warnings to watch out for
“free lunch” scams,
affinity fraud, and schemes promising returns too good to be true, Americans continue
to fall prey to investment fraud. Whether this is because fraudsters are
notoriously charming and well connected, or because investors just don’t
investment red flags to watch for, potential victims might be able to avoid the schemes if
they knew how con artists think.
This isn’t as hard as it sounds.
Investors who want to find out how con artists manage to defraud so many
people can tune in to American Greed this Thursday.
Catch“American Greed 77” at 10 p.m. ET/PT on May 30 on CNBC.
The episode will be the primetime series’ 77th episode and will feature
convicted Brooklyn investment manager Philip Barry. Barry defrauded more
than 800 investors out of $40 million by using his local connections and
claims of “guaranteed returns” to prey on the hard-working
people in the neighborhood. In the episode, he discusses his fraudulent
behavior from prison.
The series describes itself as being dedicated to examining "the dark
side of the American dream” and typically examines large
Ponzi schemes that defrauded investors around the country. Previous episodes have featured
Sarasota Ponzi schemer Arthur Nadel and Minnesota’s Trevor Cook.
To learn more about the show, visit the
American Greed website.
About our law firm:
Meyer Wilson represents individuals across the country who have been harmed
by investment fraud. All of our cases are handled on a contingency fee
basis and we never request a retainer of any kind. Contact us for more
information or complete the online form on the top of this page and we
will respond promptly.