Episode 61: Pimp, Preacher, Profiteer

Case File

Pimp, Preacher, Profiteer
Michael Lock was a man driven by ambition. He was a Milwaukee crime boss with a business model that took him from cocaine dealing to bank fraud, and Lock had a surefire way to beat the competition.

Pimp, Preacher, Profiteer

  • The Preacher
  • Once a preacher, Michael Lock was driven by a desire to get rich. Lock's determination led him from the pulpit to the streets of Milwaukee's thriving drug trade. The boy who used to preach on Sundays became a man with a cocaine business that would one day make $100,000 a week.
  • Mortgage Fraud
  • Lock continued a life of crime and tried his hand at a highly lucrative game…mortgage fraud. He recruited credit worthy young women to act as straw buyers and created phony appraisals on rundown buildings. Lenders were duped into loaning hundreds of thousands of dollars for buildings worth far less.
  • Crime Scene
  • A gruesome discovery revealed Lock's real secrets were buried right in his own back yard. Two bodies were found at a home he once owned. As one team of investigators digs into the graves …another digs into Lock's past.

Web Extras

  • Street Gangs: A New Breed of White Collar Criminals? Tuesday, 8 May 2012 | 5:06 PM ET
    Michael Lock

    How some gangs are moving beyond drugs and street crimes and into financial crimes like mortgage fraud.  

  • American Greed: Pimp, Preacher, Profiteer     Wednesday, 9 May 2012 | 12:00 AM ET

    Michael Lock was a Milwaukee crime boss with a business model that took him from cocaine dealing to bank fraud ... and Lock had a sure-fire way to beat the competition.

  • Inside Lock's Operations     Wednesday, 9 May 2012 | 12:00 AM ET

    Homicide detective Randy Olson describes how Lock, according to police informant Louis Jackson, kept control of his criminal operations.

  • The Victim     Wednesday, 9 May 2012 | 12:00 AM ET

    Lorraine Koutromanos, one of Lock's mortgage fraud victims, describes what happened following Lock's con.

  • Michael Lock's Court Testimony Friday, 7 Sep 2012 | 2:48 PM ET

    Read Michael Lock's testimony during a court hearing on 7/11/08

  • Felony Warrant Tuesday, 5 Jun 2012 | 12:22 PM ET

    Warrant filed against Lock for drug and kidnapping charges.

  • Wisconsin Criminal Complaint Friday, 7 Sep 2012 | 2:51 PM ET

    Criminal complaint filed against Lock and Donald Cooper for 2 homicide charges.

American Greed Showtimes

Murder in Memphis
Saturday, April 26th 1a, 3a ET/PT
Check the U.S. TV schedule for additional showtimes.

Most Popular Video

Wednesday, 23 Apr 2014 | 4:57 PM ET

Weekly jobless claims and durable goods are the numbers to watch Thursday, but so are the massive amount of earnings reports expected. CNBC's Patti Domm explains.

Wednesday, 23 Apr 2014 | 4:32 PM ET

Apple is reporting Q2 EPS of $11.62 on revenue of $45.6 billion. Gene Munster, Piper Jaffray senior research analyst, says investors should feel a sense of relief on these numbers.

Wednesday, 23 Apr 2014 | 3:23 PM ET

CNBC's Becky Quick discusses Warren Buffett's feelings about the market.