American Greed: How Ponzi Schemers Think

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 know what 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.


Victim of Investment Misconduct?

Start with Free Evaluation of Your Claim 
  • Please enter your first name.
  • Please enter your last name.
  • Please enter your phone number.
    This isn't a valid phone number.
  • Please enter your email address.
    This isn't a valid email address.
  • Please make a selection.
  • Please enter a message.