GO
Loading...

Episode 45: The Slaughterhouse

Case File

American Greed - Episode 45
By many accounts Sholom Rubashkin, was a pillar of the community, but underneath the facade lies a massive $26 million dollar fraud.

The Slaughterhouse

  • The Slaughterhouse
  • A Brooklyn family business "saves" an Iowa town. A slaughterhouse opens in Postville employing hundreds of workers. Agriprocessors becomes the largest kosher slaughterhouse in the country. But there are complaints about the mistreatment of workers and the hiring of illegal immigrants.
  • The Businessman
  • Sholom Rubashkin runs his family's business. It's a niche market. Sholom is willing to do whatever it takes to keep costs down. He discourages unions and labor organizers. The plant brings in more than $300 million in annual sales.
  • The Controversy
  • Rumors persist. There are allegations of animal abuse and worker exploitation. The pace is relentless and injuries are common. Sholom pays immigrant workers in cash, off the books. He also oversees a complex accounting scheme allowing him to borrow money.
  • The Raid
  • Sirens shatter the morning stillness as federal agents swarm into Postville. Hundreds of illegal immigrants are taken away in chains. Nearly 20 percent of the town's population disappears and Agriprocessors spirals into bankruptcy. And, that's just the beginning...

Web Extras

  • American Greed - Episode 45     Monday, 21 Mar 2011 | 12:02 AM ET

    By many accounts Sholom Rubashkin, was a pillar of the community, but underneath the facade lies a massive $26 million dollar fraud.

  • The Slaughterhouse     Monday, 21 Mar 2011 | 12:00 AM ET

    Controversy surrounded a slaughterhouse in a small Iowa town. Hear the story of how Agriprocessors' supervisors exploited the lack of oversight at the plant.

  • Sholom Rubashkin     Monday, 21 Mar 2011 | 12:00 AM ET

    Sholom Rubashkin ran Agriprocessors, a controversial slaughterhouse in a small Iowa town. Rubashkin was sentenced in connection with a $26 million dollar bank fraud. Defense lawyers explain why his sentence was unique.

  • Was Slaughterhouse Exec's Conviction Excessive? Wednesday, 23 Mar 2011 | 2:45 PM ET

    When Sholom Rubashkin was sentenced in June, 2010, to 27 years in prison for financial fraud, it was two years more than prosecutors sought. It also was unusually high when compared to recent financial crimes — longer than the term for Jeffrey Skilling, the former chief executive of Enron, or of Dennis Kozlowski, the former chief executive of Tyco.

  • The Response Friday, 7 Sep 2012 | 11:46 AM ET

    The Rubashkins respond to PETA’s allegations of kosher slaughter violations.

  • The Failed Company Friday, 7 Sep 2012 | 11:46 AM ET

    After the May 2008 ICE raid, Agriprocessors is forced to declare bankruptcy. Read owner Aaron Rubashkin’s own words regarding the failure of the company.

American Greed Showtimes

AMERICAN GREED MARATHON FRIDAY!
Friday, April 18th 12p – 6p ET
12p ET AG #79
The Lady Killer
1p ET AG #82
Young Lust Goes Bust
4p ET AG #81
Murder in Memphis
The Prisoner of Wall Street
Saturday, April 19th 1a, 3a ET/PT
$udden Death/ Hip Hop Hustle
Sunday, April 20th 1a, 3a ET/PT
Check the U.S. TV schedule for additional showtimes.
#AmericanGreed

Most Popular Video

Monday, 21 Apr 2014 | 12:02 AM ET

Simon Grose-hodge, Head of Investment Advisory, South Asia at LGT Bank Singapore, remains overweight on developed markets as the U.S. and Europe are showing signs of recovery.

Sunday, 20 Apr 2014 | 9:42 PM ET

Caroline Russell, CEO of Boh Plantations, speaks to CNBC's Julia Wood about the company's focus on maintaining dominance in its home market of Malaysia.

Sunday, 20 Apr 2014 | 8:47 PM ET

As the Beijing Auto Show kicks off on Monday, Martin Winterkorn, Chairman and CEO at Volkswagen, says plug-in hybrids will dominate its lineup in China for alternative energy cars.