GO
Loading...

Episode 5: Religious Prey: Baptist Foundation of Arizona | Medical Scams

Case File

Religious Prey: Baptist Foundation of Arizona & Medical Scams: Dr. Mikos
The Baptist Foundation of Arizona is a non-profit fundraiser dedicated to the church. Investors believe their money will be secure, but instead, millions are lost. "American Greed" unravels the elaborate Ponzi scheme that left a religious community betrayed and baffled. And in another case: The story of a murderous Chicago doctor who bilked Medicare. His practice is lucrative, but beneath the charm lies a con artist -- a doctor playing the system and making off with more than a million.

Case 1: Religious Prey: Baptist Foundation of Arizona

  • The Church
  • A Southern Baptist Church -- an oasis in the Arizona desert, a place of comfort to those in crisis.
  • The Investment
  • The Baptist Foundation of Arizona -- a non-profit fundraiser dedicated to the church. Investors take a leap of faith and believe their money will be secure.
  • The Mirage
  • But sometimes in the desert there's a mirage. What appears to be true... is just a trick of the eye. Investors in the BFA discover the harsh reality -- their financial security is an illusion.
  • The Collapse
  • A father loses his daughter's tuition -- a couple their savings. "American Greed" unravels the elaborate Ponzi scheme which left a religious community betrayed and baffled.

Case 2: Medical Scams: Dr. Mikos

  • Chicago
  • A town where Midwestern charm meets big city greed -- a town where Dr. Ronald Mikos puts down his roots.
  • Dr. Mikos
  • He's a caring doctor with a sterling bedside manner. His practice is lucrative. But beneath the charm lies a con artist -- a doctor playing the system and making off with more than a million.
  • The Scam
  • The scam is simple -- Dr. Mikos bills for expensive foot surgeries -- operations he often never performs. The Feds build a case.
  • The Murder
  • A patient agrees to testify -- but the star witness turns up dead. "American Greed" profiles a million-dollar case of Medicare fraud and murder.

Web Extras

  • Reglious Prey: Baptist Foundation of Arizona Wednesday, 1 Aug 2012 | 8:42 AM ET

    The Baptist Foundation of Arizona...millions are invested and lost as its mission ends in scandal. Click to learn more.

  • Medical Scams: Dr. Mikos Tuesday, 31 Jul 2012 | 2:41 PM ET

    Click to learn the story of murderous Chicago doctor Ronald Mikos, who bilked Medicare out of more than $1 million.

  • Pastor Berry Norwood     Wednesday, 31 Jan 2007 | 11:00 PM ET

    Hear from the BFA's former Chairman of the Board, Pastor Berry Norwood.

  • The Defense     Wednesday, 31 Jan 2007 | 11:00 PM ET

    Bill Crottsâ?? attorney, Mike Piccarreta, talks about the ALO company.

  • Attorney Daryl Williams     Wednesday, 31 Jan 2007 | 11:00 PM ET

    Tom Grabinskiâ??s attorney, Daryl Williams, talks about Crotts and his right hand man.

  • FBI Agent Marybeth King     Wednesday, 31 Jan 2007 | 11:00 PM ET

    FBI Agent King talks about the Dr. Mikos case and how you can guard against fraud.

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

Thursday, 17 Apr 2014 | 12:00 PM ET

CNBC's Josh Lipton and Allison+Partners Head of Digital Jeremy Rosenberg discuss what Microsoft needs to do to boost Xbox One sales as PS4 sales break the 7 million mark.

Thursday, 17 Apr 2014 | 4:13 PM ET

Dissecting today's market activity and the current state of financials, with Yra Harris, Praxis Trading partner; Larry Glazer, Mayflower Advisors; CNBC contributor Carol Roth; "Fast Money" Guy Adami and CNBC's Kate Kelly.

Thursday, 17 Apr 2014 | 5:46 PM ET

CNBC voice over talent Jim Birdsall shares the top 5 sayings from traders on "Fast Money" over the years.