The Perfect Scam19 Huhti 2019

Darren Berg: A Ponzi Scheme Mastermind Escapes: Part 1

It's 2009 and Bernie Madoff has pleaded guilty to stock and securities fraud in New York. Covered heavily by the media, Madoff's Ponzi scheme is front of mind for many Americans. It also has a group of investors on the West Coast concerned. They've placed their hard-earned savings with the Meridian Group, a company operating out of downtown Seattle. Its founder, Darren Berg, a well-known and respected businessman, reassures his investors that their retirement savings are safe. His firm has passed several audits, and Berg promises that there is no "magic" behind the company's robust rate of returns. Besides Meridian, Berg runs a successful charter bus company with high-profile clients like Nike, the NFL and Google. In Washington state people trust Berg, and his charismatic personality has helped him assuage investors for years. But in 2010, the house of cards Berg had built begins to fall. One of Meridian's largest investors wants to cash out, and Berg is unable to pay. Complaints roll in to the U.S. attorney for the Western District of Washington and the FBI. The authorities take a deeper look into the Meridian Group and confirm investors' worst fears: They are part of the largest Ponzi scheme the state has ever seen. Darren Berg's lavish lifestyle of yachts, mansions and private planes has been fraudulently funded by his investors. With the authorities working to shut the scheme down, the end of the Meridian Group is imminent, but Berg has one more trick up his sleeve.

Tämä jakso on lisätty Podme-palveluun avoimen RSS-syötteen kautta eikä se ole Podmen omaa tuotantoa. Siksi jakso saattaa sisältää mainontaa.

Jaksot(321)

Archive Episode: Million Dollar Movie Ponzi Scheme, Part 1

Malcom "Mac" Parker aspires to be a filmmaker. In Vermont, Mac is known as a beloved children's entertainer, appearing on public television and performing around the state. Mac is so well respected in...

5 Kesä 18min

Scammers Use AI to Make Lost Pet Scams More Believable

Bill and Allison are devoted to their dogs, so when they discover their 11-year-old beagle mix Archer missing one evening, they are distraught. They spend hours searching the neighborhood and start pu...

29 Touko 45min

LA Fire Survivor Faces PayPal Impostor Scam

After escaping the Palisades fire in January of 2025, Ellen doesn't know if she and her husband Steve will have a home to return to. Miraculously, their house is still standing, but it needs extensive...

22 Touko 55min

Crossed Wires: Utility Scams Target Consumers

Fed up with the rising cost of electricity, Steve shops around and switches to a new provider in his Boston neighborhood. The process is simple, and Steve thinks the matter is settled until a week lat...

15 Touko 50min

Vermont Woman Recoups $1.3M 4.5 Years After a Scam

Jeanette moves back to Vermont, expecting a peaceful retirement in a beloved community, but a tech support scam upends her life. She reaches out to her local police, who advise her to report the incid...

8 Touko 54min

Bonus: Meet the Fraud Fighters Taking on Crypto Kiosk Scams

In this bonus episode, Bob meets some Fraud Fighters working to make their Nebraska community a little bit safer from scammers. When Omaha passes a city ordinance requiring all crypto kiosks to displa...

1 Touko 47min

Deepfake Doctors: AI-Generated Medical Ad Scams

Dr. Maurice Sholas, a pediatric rehabilitation specialist based in New Orleans, discovers that his likeness is being used in an ad when a friend sends him a TikTok clip that looks convincingly like hi...

24 Huhti 50min

California Woman Warns of Facebook Job Scam

After taking a break from her tech career to care for her aging mother, Dawn is reentering the workforce in her mid-50s, and she isn't having much luck. She takes a chance on an offer for a new kind o...

17 Huhti 53min