American Greed

From Wikipedia, the free encyclopedia
Jump to navigation Jump to search
American Greed
American greed title card.jpg
Genre Documentary
Narrated by Stacy Keach
Country of origin United States
Original language(s) English
No. of seasons 11
No. of episodes 157 & 3 Specials
Production
Executive producer(s) Sharon Barrett Charles Schaffer
Producer(s) Kurtis Productions
Production location(s) Chicago, Illinois
Release
Original network CNBC
Original release June 21, 2007 – Present
External links
Website

American Greed, also known as American Greed: Scams, Scoundrels, And Suckers aka American Greed: Scams, Schemes, And Broken Dreams, is an original primetime series airing on the business news network CNBC.[1][2] It was created by Bill Kurtis through his Chicago-based Kurtis Productions. As Kurtis was under exclusive contract to competing network A&E at the time, the program is narrated by Stacy Keach Jr..[3] It first aired on June 21, 2007, in the US and is currently celebrating its tenth anniversary.[4] Episodes are also rebroadcast on the television network Escape

The program has been renewed for a twelfth season scheduled to air in 2018.[5]

Subjects[edit]

The business-reality program focuses on the stories behind some of the high-profile corporate and white collar crimes in recent U.S. history, including the financial scandals involving WorldCom,[6] HealthSouth,[7] Tyco International,[8] and CyberNET.[9] 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.[10]

In addition, there have been 3 American Greed special presentations: American Greed Special: Bernie Madoff Behind Bars;[11] American Greed: Special Presentation: 9/11 Fraud - “A Contractor Capitalizes on Disaster";[12] and Mob Money: an American Greed Special Presentation.[13]

Episodes[edit]

The show began airing its eleventh season in January, 2017.

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.[14] It lasted 2 seasons, covering 13 cases of financial crimes.[15] 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.[16][17]

Criticisms

The show has been criticized for overestimating law enforcement's interest and involvement in combating fraud, as many frauds are discovered only after a number of people have 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.[18] 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.[19]

References[edit]

1. Fed.R. Civ. Pro 9.

2. Ashcroft v. Iqbal, 556 U.S. 662 (2009).

External links[edit]