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Episode 71: Deadly Payout

Case File

Deadly Payout
A trio of Texas conmen 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.

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 GREED MARATHON FRIDAY!
Friday, April 18th 12p – 6p ET
12p ET AG #79
The Lady Killer
1p ET AG #82
Young Lust Goes Bust
4p ET AG #81
Murder in Memphis
The Prisoner of Wall Street
Saturday, April 19th 1a, 3a ET/PT
$udden Death/ Hip Hop Hustle
Sunday, April 20th 1a, 3a ET/PT
Check the U.S. TV schedule for additional showtimes.
#AmericanGreed

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