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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!
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
Don't miss any "American Greed" episodes. Check the U.S. TV schedule for additional showtimes.
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