CNBC's "American Greed 73" Will Premiere on April 11th
(ALL TIMES ARE IN ET)
10:00 PM AMERICAN GREED 73 - UNION BU$TER // THE FOOL'S GOLD
1:00 AM AMERICAN GREED 73 - UNION BU$TER // THE FOOL'S GOLD
"American Greed 73 - Union Bu$ter // The Fool's Gold":
The Sandhogs Local 147, a New York City construction union, whose workers build tunnels and underground passageways, entrusts Melissa King for overseeing union benefits to ensure their retirements. Instead, King uses the workers funds to cut herself checks to the tune of $42 million. The union workers unwittingly foot the bill for King's household staff of maids, security guards and a personal chef. She racks up a $7 million American Express bill and buys her daughter's way into the high-end world of equestrian jumping – spending nearly $5 million on horses and horse-related expenses. The union finds out, but not before many of its members see their accounts reduced by $50,000 to $80,000 and are forced to return to the tunnels to continue working during their golden years.
A shady benefits administrator embezzles $42 million from a New York City union to fund an outrageous lifestyle.
The Fool's Gold:
Carl Estep is a smooth-talking ladies-man who looks for love and money, all to fund his phony gold scheme. The Montana conman spins tales of riches saying that he has hundreds of 55 gallon drums filled with 'gold concentrate' and all he needs is cash to pay for refining the gold ore to make millions. But the only thing in those drums is dirt. When one lovelorn retired investor, we call "Valerie," loses $220,000 to his scam, she informs the FBI and wears a wire so the feds can see him in action. "Valerie," who thought she met 'Mr. Right' and wanted that money to fund her retirement, now finds herself back at work with her savings gone wanting revenge.
One Montana conman sells barrels of "gold concentrate" that turn out to be dirt and the FBI sets a video sting to catch him.
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