Five Innocent People Convicted of Murder

Eric Glisson released after 17 years in prison for crime he didn’t commit.

We all have heard prisoners say they didn’t do the crime, that they are imprisoned for, but in the case of Eric Glisson he was telling the truth. It took 17 years before his innocence was proved, but he is a free man today after being imprisoned in Sing Sing Prison.

A livery cab driver Baithe Diop had been killed on August 19,1995, and a few weeks later a lady Miriam Tavares told the police she knew who did it. She claimed to have seen the crime from her bathroom window. Then she proceeded to name the killers, and claimed to hear their conversation, even though her bathroom window was 100 yards from the crime scene.

Sister Joanna Chan who helped Glisson procure a lawyer to prove his innocence.

Glisson and three men and a woman were sent to prison for the crime. Glisson exhausted his appeals eleven years later in 2006. Sister Joanna Chan, a Catholic nun was doing volunteer work at Sing Sing, and took an interest in Glisson’s case. She contacted Peter Cross, who was a corporate lawyer and told him about Glisson’s case. Cross took the case, even though he was not a criminal lawyer, and agreed to not charge Glisson.

Attorney Peter Cross and Eric Glisson

Cross went to the bathroom window, that the lady claimed to have seen the crime from, and there was no way she could have seen the crime scene from that window, since it was not in the line of sight. The detectives working the case had never taken the trouble, to see what they could see from that window.

Glisson mentioned on the Dateline broadcast, that this particular lady didn’t like him, so that is probably why his name was mentioned by her to the detectives. She died of a drug overdose in 2002, so she couldn’t be re-questioned about the murder.

2012 would bring Glisson the documents he had been requesting for years, due to the Freedom of Information Act. He received cell phone records which showed, that Jose Rodriguez and Jose Vega of the Bronx Sex, Money, Murder gang had placed phone calls from the cab driver’s cell phone minutes after the murder.

Then Glisson wrote a letter to the U.S. Attorney telling him he had information that proved, that he had not killed the cab driver. John O’Malley who had known that Rodriguez and Vega had confessed to the murder of the cab driver 10 years earlier traveled to Sing Sing to talk personally to Glisson.

After getting the letter, O’Malley went to Sing Sing and told Glisson he knew who really killed the Diop.

“Immediately John O’Malley just stood up and he asked me, ‘Did you write this letter?’ And I said, ‘Yes,’” Glisson told Dateline. “He shook my hand. And he said, ‘I– I’m sorry.’ And I said, ‘Sorry for what?’ He says, you know, ‘I know you’re innocent.’“

“When he said that, I said, ‘You — what are you talkin’ about, sir?’ He said, ‘Listen, I know the guys who committed this crime.’

He asked Glisson if he was the one who wrote the letter, then when Glisson said yes he told Glisson, that he was innocent, and that he knew who had committed the murders. O’Malley signed an affidavit stating that Glisson was innocent.

The wheels of justice still turned slow and it was four months before the prosecutors agreed, to request the judge to set Glisson and Cathy Watkins free. Glisson was 18 when sent to prison and his daughter was a week old. Glisson was 37 when released from prison. The rest of the five prisoners wrongly arrested and imprisoned had their convictions overturned, in January of 2013 ending a nightmare for the five, who spent so many years in prison for a crime they didn’t commit.

Glisson returned to college and received his degree, then opened a fresh juice store named Fresh Take, which was derived from him having a fresh take on life, after being released from prison.

His story makes me wonder how many prisoners were wrongly convicted of murder, and are resigned to dying in prison. The prison system probably have a lot of Eric Glissons in prison, that are hoping that someone like Sister Joanna Chan takes an interest in their case, and contacts a lawyer that can help prove the prisoner is innocent.

Vince Foster – The Man Who Knew Too Much

Hillary Clinton with the late Vince Foster

22 years have passed since Vince Foster allegedly ended his life, by shooting himself in the head on July 20, 1993. Foster was said to have been depressed, at the time of his suicide, but don’t know whether to take those reports at face value.

There have been reports, that Foster knew too much about the shady dealings on the Clintons, and was shot and then staged to appear as if he had committed suicide.

BACKGROUND ON VINCE FOSTER – He was born Vincent Walker “Vince” Foster Jr. on January 15, 1945 in Hope, Arkansas. He was a childhood friend and neighbor of future president Bill Clinton as a youngster. Foster joined the Rose Law Firm in 1971 and later helped Hillary Rodham gain employment with the law firm.

He was chosen Outstanding Lawyer of the Year in 1993, by the Arkansas Bar Association. Foster was appointed as White House Defense Counsel, but that did not go that well, when he submitted the names of three people, who were rejected by Congress, as political appointees.

The Travelgate incident concerned the firings of seven employees and Foster and Hillary Clinton were reportedly involved in the firings.

Deputy White House Counsel Vince Foster became worried about the firings about to take place and ordered the KPMG Peat Marwick review. The review started on May 14 and the report was given to the White House on May 17. KPMG was unable to do an actual audit, because there were so few records in the Travel Office that could be audited and because the office did not use the double-entry bookkeeping system that audits are based upon. One KPMG representative later described the office as “an ungodly mess in terms of records” with ten years of material piled up in a closet. When the review came back with its reports of irregularities, Watkins went ahead with the terminations on May 19.

It would be only two months after the firings, that Foster would allegedly end his life on July 20, 1993.

We may never know what happened the night that Foster is said to have committed suicide. One of the 101 peculiarities is that nobody heard gunshots, but that could be because Foster may have been killed elsewhere and then brought to the staged scene, where it would appear that he committed suicide. The closest house was 490 feet away, which equals to 163 yards, which is equivalent to a football field, plus another 63 yards of a second football field.

These are a few of the peculiarities mentioned in The Vince Foster Case: 

1. The man who discovered the body in Ft. Marcy Park says he was curious about the cause of death and looked closely for a gun. He emphatically says there was no gun in either hand. The FBI put great pressure on this witness to change his testimony. Why? Did he interrupt the staging of a suicide that was only completed after he had left the scene?

15. Medical technician Richard Arthur was one of the first to reach the death scene. Arthur emphatically says he saw an automatic pistol in Foster’s hand. His description of the weapon is very precise and correctly matches the profile of an automatic. He adamantly swears it had a barrel with straight lines as opposed to a tubular shape and a hand grip that was “square in shape.” If his testimony is correct, it suggests an automatic was replaced with a revolver sometime after the
police arrived.

18. Five homes are located an average of 490 feet from the crime scene, yet nobody in the neighborhood heard a shot. The residence of the Saudi Arabia ambassador is 700 feet from the crime scene. Guards at the residence heard no shot. Presumably the sound of a shot would greatly alarm trained bodyguards. This anomaly is neatly accounted for if (1) a silencer was used, or (2) Foster was shot at another location.

The complete list of peculiarities surrounding the Vince Foster suicide:

http://prorev.com/foster.htm

With Hillary Clinton about to announce her run, for the Presidency in 2016 we can expect fresh looks at the Whitewater scandal, the Travelgate scandal, and the Vince Foster suicide, This is in addition to the questions being raised, about her time as Secretary of State.

Pharmacist Robert Courtney: Got Rich While Cancer Patients Suffered and Died

Robert Courtney At Work

Pharmacist Robert Courtney diluted chemotherapy drugs.

Many criminals have been featured on American Greed, since the first show was telecast in 2007, but pharmacist Robert Courtney took greed to a whole new level.

Courtney diluted chemotherapy drugs, so he could make even more money, by selling them to doctors in watered down form. The American Greed narrator last night said that Courtney would buy chemotherapy drugs in powder form, for $500 for the medicine,  and would then sell the drugs to doctors for $1,000. However, by diluting the drugs he was able to sell the doctors three diluted preparations for $3,000, which gave him a profit of $2,500, after he had originally spent $500 to buy the drugs.

The cancer patients were wondering why they weren’t having many side effects, from their chemotherapy medicine. It was because they were only receiving a third or even less, of their chemotherapy medicine. One man who didn’t experience the normal hair loss, after his chemotherapy sessions later would find out, that his cancer was spreading, to other parts of his body, because he hadn’t been given enough chemotherapy medicine.

Georgia Hayes, who was a victim of the watered down chemotherapy medicine sued Robert Courtney, because of his unethical behavior. She received a $2.2 billion judgement, but it is unlikely, that she actually received any money. However, she evidently never saw any money from the judgement. Her daughter appeared at the trial and said she wanted her mom to be there, when she graduated and was married, but her mom died before any of that happened.

Courtney was active in the Assembly of God Church in Kansas City and was a deacon and sang in the choir.

The diluted drugs were making Courtney a rich man and he had assets of $18.7 million. Investigators asked him why he did it, and he said he had promised the church $1 million, for a building project, but that made no sense, since he had 18 times that amount in his assets at the time.

These are the horrifying statistics from his criminal activity:

98,000 diluted prescriptions

4,200 patients

72 different drugs were diluted

Courtney pled guilty to 20 counts of tampering and adulterating chemical therapy drugs.He was sentenced to 30 years in 2002 and will be released in 2032 at the age of 80 years old.

The sentence didn’t fit the crime, since no telling how many patients died, who were given less than the required amount of chemotherapy medicine.

There was very little remorse coming from Courtney, except when he mentioned one patient by name saying that was the only one, that really hurt him, since the guy was a nice guy.

Courtney was so absorbed in building his bank account, that he forgot or didn’t care about the patients, that were taking longer to recover from their chemotherapy, because he had diluted their drugs.

The FBI agents who investigated the criminal activity of Courtney were sometimes moved to tears, after talking to patients, who thought they were getting the required amount of chemotherapy medicine in their IV bags.

He should have been sentenced to life, since so many of the patients he affected died because of his negligence.

American Greed features criminals mostly who took the money of investors, but Courtney wasn’t taking the money of investors, but was risking the health of cancer patients, who had pinned their hopes of recovery, on their chemotherapy medicine, for his own financial gain.

Bernard Ebbers: Billionaire to Prison Inmate

Bernard Ebbers in prison till the age of 87 at the least.

Bernard “Bernie” Ebbers was the first Bernie, to be imprisoned for investor fraud. Ebbers first formed LDDS, which was a discount telephone company in 1993. Two years later he changed the name of the company, to WorldCom in 1995. By then WorldCom owned 60 telecommunications companies, and in 1997 would merge with MCI for $37 billion.

Ebbers was born Bernard John Ebbers in Edmonton, Alberta, Canada on August 27, 1941 and is now 73 years old.

He operated a chain of motels in Mississippi and was known to have cleaned rooms himself, to save on housekeeping expenses.

The ultimate corporate shopaholic, Ebbers bought an obscure telephone carrier in the 1980s and went on a 17-year acquisition binge that turned it into the world’s largest telecom company. Alas, his passion for deal­making didn’t translate into the savvy necessary for running the complex business. When telecom stocks went south in 2000, the company’s massive debt was exposed. Ebbers tried to disguise it through fraudulent accounting. In 2005, three years after WorldCom filed for bankruptcy, he was convicted of overseeing $11 billion worth of accounting fraud. He’s now serving a 25-year prison term.

THE STAT: When Ebbers resigned, in 2002, WorldCom stock had fallen to $1.79 from a peak of $64.50 in 1999. (from CNBC.com)

The WorldCom debacle hit me personally, since I had an Army friend lose his job, because of the WorldCom collapse, since he worked for WorldCom. It devastated him and I don’t know if he will ever recover, from the loss of his job.

At one point Ebbers was earning $37 million a year, between his salary and other financial considerations. However, that didn’t stop him from ending free coffee for WorldCom workers, as coffee machines that charged 35 cents a cup took the place of the free coffee.

Home for Bernie Ebbers through 2028

Ebbers resigned from WorldCom on April 30,2002. He was later convicted of conspiracy, securities fraud, and false regulatory findings in 2005. He wouldn’t be sentenced till 2006, after the appeals process had been exhausted. He drove himself, to the Oakdale, Louisiana Federal Prison and reported for his incarceration.

This is what a typical day in prison is like for Ebbers:

A typical day would start at 6 a.m. with work starting 1 and a half hours later.

Work usually ends at 3:35 p.m.

At 4 p.m. comes “count time” when each inmate, unless he is assigned to the food service area, must be by their bunk, Truman said.

Mail call follows count time which is then followed by dinner, served in staggered shifts.

After that, inmates can typically walk in the recreation yard around the track or go to the chapel or the library, Truman said.

Depending on the institution, the day most likely finishes around 9 p.m. when inmates are required to be back in their bunks with lights out.

Ebbers will be required to wear a khaki uniform. An on-facility commissary allows inmates to buy personal items such as soap, toothpaste, or toothbrushes.

From money/cnn.com

Ebbers was convicted by a jury in March 2005 of nine counts of conspiracy, securities fraud and other crimes that led to the phone company’s July 2002 bankruptcy.

Ebbers transformed WorldCom into a telecommunications powerhouse through a string of takeovers. He was known as a grandfatherly CEO who preferred cowboy boots to suits, but he also has been described as an exacting, cost-obsessed boss.

WorldCom emerged from bankruptcy as MCI Inc., which was later acquired by Verizon Communications Inc (up $0.46 to $37.96, Charts). Ebbers agreed last year to forfeit almost all of his personal wealth in a settlement with WorldCom investors.

Mail can be sent to Ebbers at this address, which may not be the correct address after 2028. Former Louisiana Governor Edwin Edwards was housed, in the same facility until his release.

INMATE NAME & REGISTER NUMBER
FCI OAKDALE
FEDERAL CORRECTIONAL INSTITUTION
P.O. BOX 5000
OAKDALE, LA  71463

Bernie Madoff – The Man Who Had No Shame

 

Charles Ponzi 1882-1949

Charles Ponzi, who originated the Ponzi scheme stepped off a boat, as an Italian immigrant with $2.50 in his pocket in 1903. He moved to Canada in 1907 and was arrested, for writing himself a $423.58 check, from a checkbook he had found. He didn’t want his mother to know he was in prison, so wrote her telling her he was a special assistant to the warden.

Without going into the details, Ponzi’s investors lost $20 billion in 1920 dollars, but $225 million in 2011 dollars. This is just a little background, on how Ponzi schemes started about 60 or 70 years, before Bernie Madoff set new records for bilking investors out of their money.

Bernie Madoff took Ponzi scheme to a whole new level.

Bernie Madoff was born in Queens, New York on April 29, 1938. His Bernard L. Madoff Investment Securities company was started in 1960. He was influenced by his father Ralph Madoff, who had been a plumber/stock broker and Bernie decided to enter the investment securities business.

Bernie Madoff in high school

It was only a matter of time, before Madoff saw that he could make huge sums of money, by investing funds of his investors in his own account. He promised investors high interest rates, in return for their investments. Once a Ponzi scheme starts there has to be a steady stream of new investors, so the money of the new investors can be used, to make regular payments to the early investors.

Investors thought Madoff was reliable, since he was one of the first brokers, to join Nasdaq and even became a Nasdaq official. Madoff was secretive, about his “investment” and using the word investment in the loosest sense of the word. His 17th floor office in the Lipstick Building had signs telling people Do Not Enter and Do Not Clean. He knew the papers in that office could end his Ponzi scheme. His own secretary for 8 years didn’t even know he was running an investment firm.

SEC Warned About Madoff

Harry Markopolos a hedge fund manager got his hands on some of Madoff’s paperwork and it only took him four hours, to figure out that Madoff’s investments were a fraud. Another red flag for Markopolos was that Madoff’s investments were only down 3 months in a 87 month span, while Standard and Poor’s results showed 28 months of being down in that same 87 month span.

Harry Markopolos warned SEC about Madoff 8 years before arrest.

Markopolos filed an eight page complaint about Madoff in 2000 with the Securities and Exchange Commission. The SEC ostensibly, because of work overload declined to investigate the complaint, which left Madoff with no roadblocks in his way, so he continued to bilk his investors.

I can imagine the way Markopolos felt after the SEC decided not to pursue an investigation. It was in effect giving Madoff a license, to steal for another 8 years, as corporations and individual investors poured millions more into Madoff’s pockets.

Bernie Madoff’s Penthouse apartment bought by Al Kahn (left inset photo) of Time Warner

While Madoff’s investors were watching their investments grow on paper at least he was living, in a $7.4 million penthouse which was very much real. The apartment gave Madoff time to ponder, on how he was bilking thousands of investors out of their life savings, and didn’t even know it was happening. The worst thing is that Madoff didn’t really care. His only concern was that his financial chicanery would be exposed.

Zsa Zsa Gabor lost $10 million after investing with Madoff.

This is a 162 page list of the Madoff clients in PDF format. It only lists the names and not the amount they lost in the Ponzi scheme.

http://online.wsj.com/public/resources/documents/madoffclientlist020409.pdf

Madoff’s world came crashing down at 8:30 AM on December 11,2008, when he was arrested. He was indicted on March 10,2009, and was sentenced to 150 years in prison on July 29,2009. He will be released on November 14, 2139, if he doesn’t have any bad behavior while in prison. He will be approximately 200 years old, when he is released in 2139.

Aftermath

Madoff is imprisoned in a federal prison in Butner, North Carolina.

Bernie Madoff’s new home at federal prison in Butner, North Carolina featuring 3 hots and a cot

He says he is being well treated in prison in this Wikpedia entry:

In his letter to his daughter-in-law, Madoff said that he was being treated in prison like a “Mafia don“.

They call me either Uncle Bernie or Mr. Madoff. I can’t walk anywhere without someone shouting their greetings and encouragement, to keep my spirit up. It’s really quite sweet, how concerned everyone is about my well-being, including the staff … It’s much safer here than walking the streets of New York.

However this entry tells an entire different story of his life in prison:

Madoff’s projected release date is November 14, 2139.[115][114] The release date, described as “academic” in Madoff’s case because he would have to live to the age of 201, reflects a reduction for good behavior.[116] On October 13, 2009, it was reported that Madoff experienced his first prison yard fight with another senior citizen inmate.[117] When he began his sentence, Madoff’s stress levels were so severe that he broke out in hives and other skin maladies soon after.[118]

On December 18, 2009, Madoff was moved to Duke University Medical Center in Durham, North Carolina, and was treated for several facial injuries. A former inmate later claimed that the injuries were received during an alleged altercation with another inmate.[119] Other news reports described Madoff’s injuries as more serious and including “facial fractures, broken ribs, and a collapsed lung”.[118][120] The Federal Bureau of Prisons said Madoff signed an affidavit on December 24, 2009, which indicated that he had not been assaulted and that he had been admitted to the hospital for hypertension.[121]

Ironically, his son Mark was found dead in his apartment on December 11, 2010, which was second anniversary of Bernie Madoff being arrested. Coroner ruled it was death by hanging. His other son Andrew died of lymphoma on September 3, 2014. 

Ruth Madoff taking out garbage since Bernie is predisposed

His wife Ruth was ordered to give up $85 million in assets, which left her $2.5 million. 

However, I can’t feel sorry for her knowing, that so many Madoff clients literally lost everything. A lot of wealthy people thinking they were becoming more wealthy, as they looked at the phony financial statements sent by Madoff ended up having to pay any money they received in the Ponzi scheme, above their original investment. The saddest stories were those of investors, who had invested their life savings only to lose everything. 

It was astounding that so many charitable organizations invested with Madoff and lost everything. 

One investor took his life after losing $1.5 billion, by investing in Madoff:

A more extreme loss is the loss of life. Thierry de la Villehuchet, the French aristocrat who refused to believe Casey or Markopolos’ theory that Bernie operated a Ponzi scheme, lost $1.5 billion. This included his personal fortune along with substantial funds from European royalty and aristocrats. On December 22, 2008, unable to pay his 28 employees or office rent, Villehuchet committed suicide in his downtown Manhattan office.

Madoff is not doing well healthwise, with him telling CNBC, that he now has kidney cancer and had a heart attack in December of 2013. 

Sadly, Madoff’s Ponzi scheme will not be the last one. I am sure right now somebody is bilking investors out of their money, but their day will come like all the others, when investors demanded their investments back and the money is long gone.

This article below gives many more details, of how Madoff cheated so many investors, in his elaborate Ponzi scheme:

http://dcollins.faculty.edgewood.edu/pdfdocuments/Madoff%20Case.pdf

Conclusion; Mr. Madoff have you no shame? How could you function as a human being all those years, while knowing that you were using the life savings of your investors, to pad your own bank account, to buy yachts, mansions, $7.4 million apartments and too many other luxuries to list them all?

Jack Lord : From Stoney Burke to Hawaii Five-O

Jack Lord 1920-1998

Jack Lord was born John Joseph Patrick Ryan on December 30,1920 in Brooklyn, New York according to the rememberingjacklord.com website. Jack attended John Adams High School in Queens.

It didn’t take Jack long to understand what hard work meant, since his father sent him on freighters, during the summer, which traveled all over the world. He had the unique distinction of playing on the varsity football team, and being an accomplished artist, while attending high school.

After graduating from high school Jack played on the New York University football team as a tackle. He and his older brother Bill opened the Village Academy of Art in Greenwich Village, and the New York Metropolitan Museum of Art exhibited two of his paintings.

These two paragraphs from his biography at rememberingjacklord.com tell of his first marriage and being torpedoed by German U-boats during World War II:

In 1942, Jack married Ann Cicely Willard. Jack described it as a youthful romance and said they married following a whirlwind courtship. The marriage was not a good one, for the couple were young, and Jack was working away from home. They had a child, John Ryan, Jr., who died at the age of 13 following a brief illness. 

During World War II, Jack served with the U. S. Maritime Service aboard Liberty ships.  It was not an easy assignment, for the German U-boats were always on patrol. The ship on which Jack was serving was torpedoed. With the fantail, rudder, and after-stern were destroyed, and the ship began to sink. There being no time to send an SOS, the captain ordered the crew to abandon ship. The ship sank in seven minutes, and Jack drifted in a life boat for sixteen hours before being rescued.

He was visiting his brother Bill in Woodstock, New York, when he saw a house that interested him. After meeting the owner Marie L. De Narde they were married later on January 17, 1949.

Changed His Name To Jack Lord

Jack found out there was already an actor, in the actor’s union with the name Jack Ryan, so changed his name to Jack Lord, but only for acting purposes, as he didn’t change his legal name. He picked the name Lord from his family tree.

His first acting job was in the movie Project X in 1949, which was followed by Cry Murder in 1950.

Jack Lord as Stoney Burke 1962-1963

1957 would see him appear in Have Gun – Will Travel and Gunsmoke. He would alternate between television and the movies, for the next few years, until he was given the starring role of Stoney Burke on the Stoney Burke television series from 1962-1963. He portrayed a rodeo cowboy on the show.

Jack would freelance between television and movies for the next five years, before landing the job that would make him a household name.

 

Jack Lord as Steve McGarrett on Hawaii Five-O

I am now watching Hawaii Five-O on Netflix and have almost finished Season 9. I like the way that Jack as Steve McGarrett takes charge and gives almost impossible orders, like Chin Ho and Danno. He tells them to do things, like check every surfboard shop on Oahu, and get the name of everyone, that has bought a surfboard in the last 10 years. Well, maybe not that drastic, but if you watch the show you will notice him giving out orders.

Jack Lord has a presence on the screen, that tells everyone, that he is the one to see, if anyone wants something done the right way.

There are two Hawaii Five-O shows out there now, with CBS running a newer version currently, but the 1968-1980 series is the one I watch, since I left Hawaii in 1966 and can identify, with some of the locations shown and/or mentioned during an episode.

Jack Lord and his wife Marie

Jack Lord made his only appearance, after the end of Hawaii Five-O in M Station: Hawaii a television movie in 1980. He never acted again in the years, which led to his death, on January 21, 1988 in Honolulu,Hawaii at the age of 77.

He lived the last 30 years of his life in Hawaii with his wife and liked to walk on Kahala Beach, where he had his ashes scattered after his death.

After he and his wife died they left $40 million to many charities in Hawaii, which are detailed in the following article:

http://the.honoluluadvertiser.com/article/2006/Jan/22/ln/FP601220358.html

Jack was considered for the part of Captain Kirk in Star Trek 1966, but was turned down, since he wanted to be co-producer and own a percentage of the series, so William Shatner had to be thrilled, that Lord turned down the role.

I have noticed that it is difficult to find a photo online of Jack Lord in later life.

This website tells about Jack’s interaction with the other actors:

  • Lord was infamous for being imperious and hard to work with. However, fellow?Hawaii Five-Operformers Kam Fong, Zulu, Harry Endo, and Jimmy Borges have credited him as professional, generous, and normally soft-spoken. Many cast members considered him a friend and a mentor. Jack Lord was 6’2″ and liked to appear as the tallest actor on-screen – he often wore elevating footwear when appearing with Richard Denning, Al Harrington, and tall guest stars.

Other trivia from this same article:

http://www.jack-lord.info/about-jack-lord-hawaiifive-0/176-jack-lord-trivia.html

 

 

 

American Greed: Television Documentary Series That Details How Greed Leads to Prison

American Greed is a television documentary series, that details how unscrupulous criminals deceive investors, into investing millions of dollars. Only problem is that the money invested almost always goes into the bank account, of the criminals whose only investment is in their lifestyle.

The series will be showing previously unaired shows starting Thursday at 10 PM ET on the CNBC Network. Previously aired shows can be found at the CNBC listings at your cable or satellite provider, and can be found, at various hours during the week, with most shows being shown after market hours. It is easy to catch up on shows that may have been missed, by searching for them and recording them as you find them for later viewing. Full episodes can also be seen at CNBC.com.

The show is aptly named, since the show centers on criminals, that offer ridiculously high interest rates, in return for an investor investing thousands or millions of dollars. Ponzi schemes continue to flourish, despite the demise of ruthless criminals like Bernie Madoff and Allen Stanford, whose Ponzi schemes ended, with Madoff receiving a 150 year prison sentence, with a 2159 release date, when he would be 220 years old, and Stanford received a 110 year sentence, that would make him 171, upon his release in 2122.

Many of the criminals profiled in the shows were successful businessmen already, but succumbed to the urge to make even more money, even if it meant crossing the line, into criminal activity that could lead to prison if exposed. It all goes back to the age old question, of how much money is enough. It is usually never enough, for a businessman, that wants to live a lavish lifestyle.

The Bob McLean profile on American Greed is a prime example, of a man who went too far, to amass a huge fortune. McLean hob-nobbed with the most influential politicians, while donating money to charities, which included the Country Music Hall of Fame. The episode tells about McLean showing how he kept track of the stock market, by having a ticker in his office. It was later revealed, that he didn’t invest a penny for a five and-a-half year period.

McLean made a sizable donation to Middle Tennessee State University, for a medical school which was named in his honor. However, his name was removed from the building, when it was revealed that he was a crook, that cared only about himself.

His close friend Ray Vanatta was one of the investors bilked out of millions of dollars. These paragraphs from a New York Times article tell about the financial devastation experienced by Vanatta:

Last spring, the scheme began to collapse. Ron Vannatta, who had been in the same fraternity as Mr. McLean and invested $8.5 million, was among the first to realize something was amiss. Mr. Vannatta said he had asked Mr. McLean to send him more than $350,000 to pay his 2006 taxes. But April 15 passed, and no check arrived. Other investors said they, too, stopped getting checks.

Mr. Vannatta and other investors sued, forcing Mr. McLean into involuntary bankruptcy. Three federal agencies raided his offices here.

When accountants pored over Mr. McLean’s books, they found no investments, just a paper trail showing his juggling some $20 million among investors and spending millions more on houses, cars and charitable contributions — even underwriting an independent movie.

“He got away with it for years,” Mr. Vannatta said. “He simply did not have enough new fish putting money in to pay the old fish.”

That same scenario has spelled the end for many Ponzi schemers, who see their world come crashing down. Ponzi schemes will work only as long, as the original investors keep getting their money, while newer investors may or may not get checks from the likes of McLean.

Ponzi schemes would be more successful, if the criminals would not spend money so fast. Instead they spend the money on themselves, then have nothing to pay the investors. Then the evasion tactics start, which include the bank had a problem, so that is why a check wasn’t paid on time.

There were only losers when Bob McLean committed suicide, in September of 2007, in a church parking lot in Shelbyville, Tennessee.

9/11 Survivors Not Exempt From Financial Ruin

This American Greed special show tells about how 9/11 survivors were victims of financial scams:

3 “9/11 Fraud” September 7, 2011
When Jamie Amoroso’s husband, a Port Authority officer, is killed on 9/11 her life is drastically changed. A trusted family friend and broker uses her friendship to create a joint account without Amoroso’s knowledge and forges her signature on wire transfers, stealing more than $248,000 from this young widow. Pennsylvania contractor, Thomas Cousar, defrauds the U.S. government by overcharging $800,000 for work done by his company in rebuilding the Pentagon after the attacks. Conman Patric Henn lies about a life partner lost in the twin towers and receives $68,000 from the American Red Cross. His efforts to collect additional money are thwarted when agencies cannot find any record of his partner’s death or even existence.

This is a complete list of American Greed shows from 2007-2014 and gives a much better range of get rich schemes, that usually mean someone is getting bilked out of their money. One particularly sad episode was when elderly people lost their houses, because of financial wrongdoing.

Anyone with a lot of money to invest should watch this show, before investing a cent, so they will know how wide of a range of crooks there are out there, who only care about themselves and will break laws to get that money.

http://en.wikipedia.org/wiki/List_of_American_Greed_episodes