GO
Loading...

Episode 30: Sholam Weiss

Case File

Sholam Weiss
Sholam Weiss is a bold and brazen dealmaker. He's a consultant to con men and the brains behind one of the largest insurance scams in history. But Weiss doesn't hide in the shadows. He's attracted to music, gambling and women. Are these the fatal attractions that will do him in?

Sholam Weiss

  • Sholam Weiss
  • The story begins in Brooklyn, NY when 20-year-old Sholam Weiss buys a modest plumbing supply company and turns it into a million dollar business. But in addition to sharpening his business skills, Weiss is learning the art of the con.
  • National Heritage Life Insurance
  • The owners of the Orlando, Fl based company are funneling company money into their own pockets. But they need help and Sholam Weiss is just the man to provide assistance. Together they find new ways to bilk the company. When all is said and done, they take $450 million from National Heritage.
  • The Investigation
  • Authorities become suspicious. An investigation is underway. Weiss and three others tied to National Heritage go on trial for what turns out to be the largest collapse of an insurance company due to fraud in U.S. history.
  • The Sentence
  • Sholam Weiss was sentenced to a staggering 845 years…the longest sentence ever for a white-collar crime. But Weiss didn't stick around to take his punishment. He became a fugitive.

Web Extras

  • Sholam Weiss     Friday, 19 Mar 2010 | 12:00 AM ET

    Former Rabbi Sholam Weiss steals millions from National Heritage Life Insurance Company.

  • National Heritage Life Insurance     Friday, 19 Mar 2010 | 12:01 AM ET

    Retired FBI agent Joe Judge recounts how the conspirators got control of National Heritage Life Insurance Company. Itâ??s a story of American Greed.

  • Insurance Investigation     Friday, 19 Mar 2010 | 12:02 AM ET

    Former Delaware Insurance Commissioner Donna Williams explains her teamâ??s remarkable success investigating the case of fraudster Sholam Weiss.

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

Wednesday, 16 Apr 2014 | 12:00 AM ET

GM unveils new models, hopes for strong sales this year After massive recalls, General Motors is pushing forward with new car models unveiled at the 2014 New York International Auto Show. CNBC's Phil LeBeau explains.

Friday, 11 Apr 2014 | 7:23 AM ET

Former Fed Chairman Ben Bernanke challenges Raghuram Rajan, Reserve Bank of India governor on his views about monetary policies, reports CNBC's Michelle Caruso-Cabrera.

Tuesday, 15 Apr 2014 | 5:40 PM ET

Jonathan Geller, BGR president and editor-in-chief, weighs in on the specifications for Amazon's newly announced 3-D smartphone.