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Episode 71: Deadly Payout

Case File

Deadly Payout

  • A trio of Texas con men scores $100 million, telling investors there's big money in the "life settlement" insurance biz. They claim policy holders can cash out before they die and investors can double their money. When the fraudsters fail to pay returns and keep the money for themselves, it all comes crashing down, leaving investors' finances in critical condition.

WEB EXCLUSIVES

  • The Sales Tape     Monday, 11 Mar 2013 | 12:00 AM ET

    Richmond insurance salesman Tomme Bromseth used this marketing tape to lure investors like Philip Kersey into giving his money to A&O. Bromseth sold $3 million worth of A&O's bogus products before he was arrested.

  • How A&O Reeled-In Investors     Monday, 11 Mar 2013 | 12:00 AM ET

    Texas State Securities Board Financial Analyst & Investigator Letha Sparks discusses how A&O creators Christian Allmendinger and Brent Oncale reeled in unsuspecting investors by making their marketing materials and sales pitch picture perfect.

  • Life Settlements Explained     Wednesday, 13 Mar 2013 | 12:00 AM ET

    Houston Chronicle reporter Loren Steffy and IRS Special Agent Rick Raven explain the legal investment vehicle at the center of the A&O Resource Management scam.

  • Wearing Down Their Victim     Wednesday, 13 Mar 2013 | 12:00 AM ET

    Paula Whitaker Hancock is a well educated, hard working single mom who manages to save $1 million for her retirement. Her estate planner suggests she invest her money with a company he represents called A&O. She agrees to a meeting with Christian Allmendinger and Brend Onscale, who impress her and then take her life savings.

  • A&O Sales Pitch Excerpts Monday, 11 Mar 2013 | 1:42 PM ET

    Would you fall for A&O’s promises? Listen to Christian Allmendinger and Brent Oncale’s sales pitch and decide!

  • A&O Pitch Packet Thursday, 14 Mar 2013 | 10:07 AM ET

    Read the marketing materials that lured 800 people into investing $100 million dollars with A&O Resource Management.

  • A&O Fact Sheet Thursday, 14 Mar 2013 | 10:08 AM ET
  • A&O Marketing Materials Thursday, 14 Mar 2013 | 10:10 AM ET

American Greed Showtimes

AMERICAN GREEDATHON!
Financial Guru Gone Bad
Saturday, August 23rd 10pm ET/PT
Raffaello Follieri
Sunday, August 24th 10pm ET/PT
Crash and Burn
Sunday, August 24th 11pm ET/PT
The Mad Max of Wall Street
Sunday, August 24th 12am ET/PT
Suicide is Painless
Sunday, August 24th 1am ET/PT
Crash and Burn
Sunday, August 24th 3am ET/PT
Don't miss any "American Greed" episodes. Check the U.S. TV schedule for additional showtimes.
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