American Greed: The Fugitives (7 x 60′) – White-collar crime can destroy companies, cost investors billions, devastate families and wipe out a person’s entire life savings. This series, narrated by Stacy Keach, goes in search of the alleged masterminds behind some of the biggest financial fraud cases in the U.S., and tells the never-before-heard stories of alleged white-collar criminals who orchestrate elaborate scams to dupe investors and ultimately, evade capture. Investment schemes are more sophisticated than ever before and each episode features interviews with law enforcement, prosecutors and victims, all sharing the goal of bringing these fugitives to justice.
The series kicks-off with John and Julieanne Dimitrion who commit mortgage fraud by convincing distressed owners to relinquish their homes under the premise of improving their financial position. But, the Dimitrions use the proceeds of the sales to fund their own lavish lifestyle. It’s nearly impossible to leave Hawaii without a trace, so how did this couple vanish into thin air? The hour also features the story of Spiro Germenis, a heartless hedge fund manager, wanted for allegedly scamming more than 25 victims in a massive investment fraud. Using falsified financial statements, Germenis allegedly steals from middle-class people and senior citizens who lose their entire life savings. Spiro tells his wife he’s heading to a Mets playoff game, but instead buys a one-way plane ticket, never to be heard from again.
Upcoming episodes include a mutual fund manager on the run in a small town accused of bilking $65 million from investors; a contractor who preys on unsuspecting clients who pay for home renovations that never happen; a man wanted for his alleged involvement in a lottery scheme where the players lose big and he’s the only winner; and a fraud ring that schemes to rob banks across the country.
For more information and special web exclusives go to: thefugitives.cnbc.com.Channel: CNBC
Producer: Kurtis Productions
TX: 1st August 2012
Source: CNBC press release