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Episode 70: The Prisoner of Wall Street

Case File

The Prisoner of Wall Street

  • Perry Griggs ran an investment fraud claiming to sell coffee futures, when all he did was keep investor money. He was convicted of securities fraud and sentenced to eight years in federal prison. While in prison, he started yet another scam. This time his victims were fellow prisoners and their families. Many took second mortgages on their homes to fund Griggs' fraud. When Griggs was paroled, he and his wife disappeared, but when their stolen money ran out the Feds stepped in and Perry Griggs was sentenced to federal prison, again.


WEB EXCLUSIVES

  • It's worth considering one study that argues spending time in prison actually helps a person increase their earnings power from criminal activity.

  • Brewing a Pot of Gold     Wednesday, 6 Mar 2013 | 12:00 AM ET

    In less than three years, Perry Griggs raked in more than $4 million from friends and neighbors who thought they were handing their life savings to a trusted member of the community.

  • Investing In Prison     Wednesday, 6 Mar 2013 | 12:00 AM ET

    With Perry Griggs shipped off to prison for eight years, federal agents think the conman is finally done in, but his biggest crime is yet to come. FBI Special Agent, Tom Simon explains the details of Griggs' Hawaiian fraud.

  • Creating a Legend     Friday, 1 Mar 2013 | 12:00 AM ET

    FBI Agent Tom Simon explains how prisoners can easily create a fake persona while locked up.

  • Who's Gonna Protect You?     Friday, 1 Mar 2013 | 12:00 AM ET

    Former Secret Service Agent John Waugh calls Perry Griggs a sociopath and explains why.

  • Kapua Keolanui’s Statement to American Greed Monday, 4 Mar 2013 | 11:50 AM ET

    Perry Griggs' co-conspirator Kapua Keolanui writes from prison about her crimes.

American Greed Showtimes

AMERICAN GREED MARATHON!!
TONIGHT at 7p ET/PT| 6p CT
The Royal Scam: Kings of Counterfeit
Thursday, July 24th 8pm ET/PT
Nose No Bounds
Thursday, July 24th 9pm ET/PT
Crash for Cash
Thursday, July 24th 10pm ET/PT
The Bling Ring
Thursday, July 24th 11pm ET/PT
Fool’s Gold
Thursday, July 24th 12a ET/PT
Funny Money
Thursday, July 24th 1a ET/PT
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