American Greed

American Greed
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

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

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

  1. ↑ https://www.cnbc.com/id/19170720/
  2. ↑ https://www.cnbc.com/american-greed/
  3. ↑ http://www.robertfeder.com/2015/02/18/bill-kurtis-for-us-greed-has-been-good/
  4. ↑ https://www.moviefone.com/tv/american-greed/178448/season-11/
  5. ↑ Petski, Denise (August 3, 2017). "CNBC Prime Unveils Fall Lineup With New Series 'The Job Interview', More 'Billion Dollar Buyer' & 'The Deed'". Deadline. Retrieved August 4, 2017.
  6. ↑ https://www.cnbc.com/id/100000090
  7. ↑ https://www.cnbc.com/id/100000081
  8. ↑ https://www.cnbc.com/id/100000088
  9. ↑ https://www.cnbc.com/id/100000089
  10. ↑ https://www.cnbc.com/id/19170720/
  11. ↑ https://www.cnbc.com/madoff-behind-bars/
  12. ↑ http://video.cnbc.com/gallery/?video=3000547519
  13. ↑ https://www.imdb.com/title/tt2765580/
  14. ↑ http://www.huffingtonpost.com/stacy-keach/american-greed-the-fugitives_b_1773736.html
  15. ↑ https://www.cnbc.com/american-greed-the-fugitives-season-1/
  16. ↑ https://www.cnbc.com/2013/12/04/a-capture-after-american-greed-the-fugitives-profile.html
  17. ↑ https://archives.fbi.gov/archives/losangeles/press-releases/2013/fugitive-who-failed-to-appear-for-sentencing-for-carrying-out-a-multi-million-dollar-scheme-that-defrauded-homeowners-arrested-in-las-vegas
  18. ↑ Fed. R. Civ. Pro 9 content
  19. ↑ content
  • Matulich, Serge; Currie, David (June 2008). "Richard Scrushy: The Rise and fall of the King of Health Care". Handbook of Frauds, Scams, and Swindles: Failures of Ethics in Leadership (Illustrated ed.). CRC Press. pp. 315–351. ISBN 978-1-4200-7285-3. OCLC 214285931. Retrieved 2009-05-19.
  • Jennings, Marianne (August 2006). "Innovation Like No Other". The Seven Signs of Ethical Collapse (annotated ed.). New York: St. Martin's Press. pp. 214–216. ISBN 0-312-35430-4. OCLC 63297926.
  • Markham, Jerry (December 2005). "Full Disclosure Fails". A Financial History of Modern U.S. Corporate Scandals: From Enron to Reform (illustrated ed.). Armonk, N.Y: M.E. Sharpe. pp. 360–364. ISBN 0-7656-1583-5. OCLC 58536658.

1. Fed.R. Civ. Pro 9.

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

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