Episode 53: Major League Fraud

Case File

Major League Fraud
Nevin Shapiro is the conman at the center of a college football scandal. He kicked off the controversy with stunning stories of gifts to players and allegations of broken NCAA rules. Who is this man who jeopardized the future of the University of Miami's football team and how did he steal the millions that made it all possible?

Major League Fraud

  • Capitol Investments USA
  • Nevin Shapiro runs Capitol Investments USA, a company that purports to be a successful grocery diverting operation. But unknown to his clients, Shapiro is on the take. He steals millions in investor loans to fund his lavish playboy lifestyle.
  • Tropical Indulgence
  • He lives in a five million dollar mansion, enjoys a yacht and the best spot in any nightclub in Miami's trendy South Beach. Shapiro's high profile friends include athletes from the University of Miami football team. He's a die-hard Hurricanes fan and big-time donor to the university.
  • End Game
  • In 2008 as the global economy crumbles, the foundation of Shapiro's fraud begins to crack and the extent of his deception makes the headlines. Shapiro is running a Ponzi scheme. Facing jail time, Shapiro begins to seek revenge on those he once considered friends — including the UM Hurricanes.

Web Extras

  • The Victims     Tuesday, 13 Dec 2011 | 12:00 AM ET

    Kevin Cohen victims, Michael and Ilysse Rhomberg, explain how Kevin earned their trust.

  • Avoiding Adoption Heartache     Friday, 17 Feb 2012 | 12:00 AM ET

    For anyone looking to adopt children, it's an exciting time period but it comes with challenges and due diligence must be done. CNBC's Scott Cohn reports on successful adoption tips and what to watch out for when you decide to bring home a new child.

  • Thinking of Adopting? Watch for Scams Wednesday, 15 Feb 2012 | 1:46 PM ET

    Michael Rhomberg and his wife, Ilysse, were ready to expand their family. Excited to adopt, the Rhomberg’s found self-proclaimed adoption specialist Kevin Cohen. But, it was all a scam.

  • Capitol Investments Pitch to Investors Friday, 7 Sep 2012 | 1:26 PM ET

    In this 2009 Capitol Investments USA pitch to investors, a cash-hungry Nevin Shapiro fabricates the details of his business in efforts to keep his Ponzi scheme afloat.

  • Investor's Email Friday, 7 Sep 2012 | 1:27 PM ET

    As Nevin Shapiro's scheme starts to fall apart, an investor sends the conman this pleading email.

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