Episode 8: When Greed and Giving Collide | Confessions of a Con Man

Case File

Case 1: When Greed and Giving Collide

  • The Con Man
  • John Bennett. Some said he was a visionary and a godsend. His New Era Philanthropy foundation doled out $100 million nationwide. Was it to good too be true?
  • The Discovery
  • Albert Meyer. An accountant in a small town makes a big discovery. His one-man investigation reveals a massive fraud that will leave charities and non-profits out millions of dollars.
  • The Capture
  • Take an insider's look at a fascinating case where two contrasting principles - giving and greed - collide!

Case 2: Confessions of a Con Man

  • Life in Nevada
  • Eric Stein. His lifestyle was right out of the movies. A Bentley and a Rolex for every day of the week. He made millions running one of Nevada's largest investment frauds. Stein believed he was invincible.
  • The Scam
  • The pitch is alluring. Up to a 50 percent return on your money in just 90 days. Investors are impressed. Stein uses new investor cash to line his pockets and pay existing investors to lure them back into the game.
  • Con Man Confession
  • The scam goes bust. Stein realizes the error of his ways. "Greed does not lead you down a road to success; it leads you down a path of destruction. " - Eric Stein.

Web Extras

  • When Greed and Giving Collide Thursday, 12 Jul 2012 | 2:46 PM ET

    .John Bennett's "Foundation for New Era Philanthropy" stole millions of dollars from unsuspecting patrons. It's a story of deception, theft and "American Greed."

  • Steve Stecklow  Thursday, 24 Jan 2008 | 12:10 AM ET

    Journalist Steve Stecklow discusses his meeting with John Bennett.

  • Bennett's Video Apology  Thursday, 24 Jan 2008 | 12:00 AM ET

    Former scam artist Eric Stein describes how illegal list brokers obtain names.

  • Confessions of a Con Man Thursday, 12 Jul 2012 | 2:55 PM ET

    By 1997, Eric Stein became the founder of the Sterling Group, a millionaire and the mastermind of one of Nevada's largest scams. Click to learn more.

  • Eric Stein's Tactics  Thursday, 24 Jan 2008 | 12:11 AM ET

    Hear Eric Stein explains some tactics used in telemarketing scams.

  • The Apology  Thursday, 24 Jan 2008 | 12:12 AM ET

    Hear what Eric Stein has to say to his victims.

  • The Victim  Thursday, 24 Jan 2008 | 12:13 AM ET

    Hear investor Kenneth Dymmel's emotional response to being scammed by Stein's operation.

  • How the Scam Works  Thursday, 24 Jan 2008 | 12:03 AM ET

    Former scam artist Eric Stein describes how illegal list brokers obtain names.

  • Avoid the Scam!  Thursday, 24 Jan 2008 | 12:00 AM ET

    Are you safe from telemarketing fraud? Hear some of Eric Stein's warnings to investors.

American Greed Showtimes

Windy City Wipeout/ Miami Burn- AG #74
Wednesday, August 27th 8pm ET/PT
Union Bu$ter/ the Fool’s Gold- AG #73
Wednesday, August 27th 9pm ET/PT
The Mormon Madoff- AG #63
Wednesday, August 27th 10pm ET/PT
Deadly Payout- AG #71
Wednesday, August 27th 11pm ET/PT
The Wealth Builder Club- AG #69
Wednesday, August 27th 12am ET/PT
Talk Radio Takedown- AG #76
Wednesday, August 27th 1am ET/PT
Don't miss any "American Greed" episodes. Check the U.S. TV schedule for additional showtimes.