Episode 69: Randy Treadwell: The Wealth Builder Club

Case File

Randy Treadwell: "The Wealth Builder Club"

  • Randy Treadwell, the son of a preacher, leaves the righteous path- claiming he's a financial wizard, but all he does is take investor money for himself and his crew. He uses his Southern charm to bilk believers out of nearly $65 million. He calls his scams legitimate sounding names like "Learn Waterhouse" and "The Wealth Builders Club" in which Treadwell promises huge returns for short-term investments. But when clients can't withdraw their money, complaints to law enforcement pile up. See how the FBI steps in with a hidden camera investigation to hear all of Treadwell's lies and bring him to justice.


  • Helping Out the Little Man  Wednesday, 30 Jan 2013 | 12:00 AM ET

    Randy Treadwell and his salesmen take their show on the road to bring in big investors and widen their net -- their sales pitch sounds too good to be true, or too good to pass up. Hundreds take the bait as undercover video reveals the lure.

  • When the Feds Come Knocking  Wednesday, 30 Jan 2013 | 12:00 AM ET

    Randy Treadwell and his crew bilk 1,700 investors across the country out of close to $65 million. They stay a step ahead of law enforcement and angry investors, but their lavish lifestyles lead to the Ponzi scheme's final flameout.

  • Text, Lies and Audio Tape Friday, 8 Feb 2013 | 9:42 AM ET

    In June 2004, FBI agents recorded Randy Treadwell, Rick Sluder, and Larry Saturday discussing their learn Waterhouse scam at length.

  • The Amazing 500% Return Wednesday, 30 Jan 2013 | 11:14 AM ET

    In June 2004, Larry Saturday makes big promises to an FBI informant, including a 500 percent investment return guarantee.

  • Treadwell's Pitches Thursday, 7 Feb 2013 | 3:04 PM ET

    Randy Treadwell’s ventures changed names throughout the years, and so did his pitches. Read how Treadwell enticed the public to invest in Qwest International, Wealth Builders Club and Learn Waterhouse.

  • Learn Waterhouse Keep Quiet Email Thursday, 7 Feb 2013 | 2:53 PM ET

    As word spread that Learn Waterhouse was under investigation, some of its “true believers” called Senior Member Representatives spread the word by email, encouraging investors to stonewall the authorities.

American Greed Showtimes

Windy City Wipeout/ Miami Burn- AG #74
Wednesday, August 27th 8pm ET/PT
Union Bu$ter/ the Fool’s Gold- AG #73
Wednesday, August 27th 9pm ET/PT
The Mormon Madoff- AG #63
Wednesday, August 27th 10pm ET/PT
Deadly Payout- AG #71
Wednesday, August 27th 11pm ET/PT
The Wealth Builder Club- AG #69
Wednesday, August 27th 12am ET/PT
Talk Radio Takedown- AG #76
Wednesday, August 27th 1am ET/PT
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