American Greed takes you inside the FBI investigation that cracked a $69 million dollar fraud!
Real Estate Home Wrecker
- The Erpenbeck Company
- The Erpenbeck family had been building trust along with homes for decades. Bill Erpenbeck wanted to take the family company into the modern age and began building condominium projects and sprawling subdivisions. He became one of the largest housing developers in Cincinnati and Northern Kentucky and enjoyed a great deal of success.
- The Scam
- The Erpenbeck Company sold hundreds of homes and collected millions of dollars. But unknown to its clients, Bill Erpenbeck was depositing homebuyer checks into the company bank account, checks that were intended to pay off the banks that lent him the money for construction. Bill Erpenbeck was running a shell game.
- The Homebuyers
- The Erpenbeck scam was far-reaching and affected more than 40 title companies and 40 banks. More than 250 people who purchased houses and condominiums from Erpenbeck were stunned to discover they were in danger of losing their new homes.