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

Case File

When Greed and Giving Collide & Confessions of a Con Man
A major charity scam: John Bennett's "Foundation for New Era Philanthropy" stole millions of dollars from unsuspecting patrons. A story of deception, theft and "American Greed." And in another case, Eric Stein, mastermind of one of the largest Ponzi schemes in Nevada History, cost his victims nearly $34 million dollars.

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

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

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