You know how much I love television, right? Well, since I’m always recommending all kinds of shows to people off the blog, I figured I might as well do it here, too. Just in case you’re one of those people who would watch everything on television if you could, here’s a show you might find interesting.
Igwe and I recently discovered American Greed. It’s kind of like a documentary. It’s an hour long show that tells you details about “great” scammers and fraudsters. It also tells how they did it, when they did it, how much they got away with, and how long they were sentenced to prison.
Several things are very shocking about this show: (1) Most of the scammers actually had legitimate businesses while they were busy scamming (2) The amounts of money that people get away with are CRAZY. We’re talking several millions (3) The connection that some of these people have to affluent and powerful people (like Bill Clinton, John McCain, Anne Hathaway) is shocking, and (4) How long they got away with doing this is alarming.
I remember the case of two sisters who had a contract with DOD (Department Of Defense) to ship some building items like nails, screws, etc. In the years that they worked with DOD, the worth of all the items they shipped was about $150,000. But guess how much they charged for shipping? About $22 million. When the sisters knew that they were being investigated, one of them committed suicide. Don’t remember what happened to the other person.
If you are about this kind of life (I meaning watching shows like this one), then you should totally check it out. It comes on every Wednesday at 10:00 PM Eastern Time on CNBC. Check them out online and on Twitter. You’ll thank me later.