wikiamp

American Greed

American Greed, also known as American Greed: Scams, Scoundrels, And Suckers and as American Greed: Scams, Schemes, And Broken Dreams, is an original primetime series airing on the business news network CNBC. It was created by Mark Hoffman president, CEO, and chairman of the board at CNBC. The program is narrated by Stacy Keach Jr.. It first aired on June 21, 2007, in the US and is currently airing in its thirteenth season. Episodes are also rebroadcast on the television network [http://www.escapetv.com/show/american-greed/ Escape].

Subjects

The business-reality program focuses on the stories behind high-profile corporate and white collar crimes betrayals and scams in American history, including the financial scandals involving WorldCom, HealthSouth, Tyco International, and CyberNET. In addition, stories feature low-profile financial crimes affecting individual investors and smaller companies, including various Ponzi schemes, real estate and other investment frauds, bank robbery, identity theft, medical fraud, embezzlement, insurance fraud, murder-for-hire, art theft, credit card fraud, money laundering, and crimes committed by elected officials.

In addition, there have been 3 American Greed special presentations: American Greed Special: Bernie Madoff Behind Bars; American Greed: Special Presentation: 9/11 Fraud - “A Contractor Capitalizes on Disaster"; and Mob Money: an American Greed Special Presentation.

Episodes

The show began airing its thirteenth season in January, 2019.

Companion series

In August 2012 CNBC aired the series American Greed: The Fugitives which focused on active cases of alleged white-collar crime. The show documented stories of suspects who were still at large and had continued to evade authorities. It lasted 2 seasons, covering 13 cases of financial crimes. After the Nov. 14, 2013, airing of American Greed: The Fugitives #12, viewer tips led to the successful Nov. 26, 2013, arrest of FBI Most Wanted fugitive David Kaup, who had been a fugitive since Dec. 17, 2012, when he failed to appear for sentencing in Los Angeles.

In early 2019, CNBC aired another companion series, American Greed: Deadly Rich, which focused on high-profile murder cases involving the wealthy.

Criticisms

The show has been criticized for the portrayal of law enforcement's interest and involvement in combating fraud, citing that many frauds were discovered only after a number of people had already been victimized; e.g., the largest fraud, Bernie Madoff's $65 billion Ponzi scheme, ended only after he confessed. In civil fraud claims, courts require that the fraud be pleaded with specificity and the proponent provide documentation corroborating the claim. In the Madoff case, an early administrative complaint was dismissed for lack of evidence, with the claim of a Ponzi scheme deemed speculative and unsubstantiated using essentially the same standard federal courts employ in evaluating civil fraud claims.