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CNBC's "American Greed 68" Will Premiere on Thursday, February 21st

(ALL TIMES ARE IN ET)

Thursday, 2/21/2013:

10:00 PM AMERICAN GREED 68 - SHIPWRECKED

1:00 AM AMERICAN GREED 68 - SHIPWRECKED


"American Greed 68 - Shipwrecked":

Michael Vorce claims to have a fleet of more than 50 luxury yachts. He has the papers to prove it. Those papers and a charming pitch are all he needs to con bank loan officers out of tens of millions of dollars in loans. The reason it's a con? Many of his yachts never existed and the papers are fake. He's using bank money to live the life of a 20-something playboy driving fast cars and speedboats. He throws down thousand dollar tips at bars in his hometown of Grand Rapids, Michigan. In one year alone, he spends more than $100,000 in clothes, $300,000 on home furnishings and another $250,000 on cars. But when the bank loans come due, the bankers want to know where are all the boats and where is the money?


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With CNBC in the U.S., CNBC in Asia Pacific, CNBC in Europe, Middle East and Africa, CNBC World and CNBC HD , CNBC is the recognized world leader in business news and provides real-time financial market coverage and business information to approximately 390 million homes worldwide, including more than 100 million households in the United States and Canada. CNBC also provides daily business updates to 400 million households across China. The network's 16 live hours a day of business programming in North America (weekdays from 4:00 a.m. - 8:00 p.m. ET) is produced at CNBC's global headquarters in Englewood Cliffs, N.J., and includes reports from CNBC News bureaus worldwide.

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