Greedy Groovy Guru/Doomsday Profit
A New Age evangelist becomes a greedy, groovy, guru telling Florida investors that positive thinking can lead to positive returns in her auto financing business. But this false prophet is returning nothing but false profits in her $113 million scam. She draws in some 2000 victims but when the F.B.I. finds out about Cladek's scam, this greedster doesn't have a prayer. And, civilization is on the verge of collapse, Ronnie Gene Wilson tells his followers, and the only path to a secure future is paved with investment in precious metals. But for a guy who predicts the imminent demise of the dollar, this South Carolinian certainly seems greedy for greenbacks. He takes in $93 million. Over time, investors realize that Wilson isn't investing their money in metal, but using it to build a luxurious doomsday bunker complete with an organic farm.
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Airs
Fri, Jun 14, 2013
43 min
Show
American Greed
228 episodes
Episode
S7 · E11
in American Greed