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Episode 78: Greedy Groovy Guru / Doomsday Profit

Case File

Greedy Groovy Guru/Doomsday Profit
Lydia Cladek, a New Age evangelist becomes a greedy, groovy, guru telling Florida investors that positive thinking can lead to positive returns in her auto financing business. But this false prophet is returning nothing but false profits in her $113 million scam. And, civilization is on the verge of collapse, Ronnie Gene Wilson tells his followers, and the only path to a secure future is paved with investment in precious metals. But for a guy who predicts the imminent demise of the dollar, this South Carolinian certainly seems greedy for greenbacks.

Greedy Groovy Guru / Doomsday Profit

A New Age evangelist becomes a greedy, groovy, guru telling Florida investors that positive thinking can lead to positive returns in her auto financing business. But this false prophet is returning nothing but false profits in her $113 million scam. She draws in some 2000 victims but when the F.B.I. finds out about Cladek's scam, this greedster doesn't have a prayer. And, civilization is on the verge of collapse, Ronnie Gene Wilson tells his followers, and the only path to a secure future is paved with investment in precious metals. But for a guy who predicts the imminent demise of the dollar, this South Carolinian certainly seems greedy for greenbacks. He takes in $93 million. Over time, investors realize that Wilson isn't investing their money in metal, but using it to build a luxurious doomsday bunker complete with an organic farm.

  • American Heroes: Fighting to Protect Their Money Thursday, 27 Jun 2013 | 5:01 PM ET

    If you are a veteran or a service member, there are several free resources available to protect you and your families from fraud and to help those who have been victimized.

VIDEOS

  • U.S. Hero Scammed     Thursday, 13 Jun 2013 | 12:00 AM ET

    When Staff Sergeant Kevin Crowell returns from Iraq, he struggles to deal with getting back to everyday life.

  • Silver Salvation     Thursday, 13 Jun 2013 | 12:00 AM ET

    Fraudster Ron Wilson is a trusted member of his South Carolina community where he serves as a County Councilman, and a silver dealer.

  • Charity Windfall     Friday, 21 Jun 2013 | 12:00 AM ET

    Lydia Cladek uses other people's money to buy goodwill by giving it away to charity.

  • The Crooked Accomplice     Friday, 21 Jun 2013 | 12:00 AM ET

    Financial Advisor Wallace Lindsay Howell directs clients into Ron Wilson's fraud, and then steals their profits!

EXTRAS

  • Wilson’s Method Monday, 24 Jun 2013 | 10:14 AM ET

    The methods Ron Wilson used to snare investors are laid out in the complaint filed by South Carolina’s Securities Commissioner at the time.

  • Fourteen Count Indictment Monday, 24 Jun 2013 | 10:18 AM ET

    Lydia Cladek lived a well on other people's money. The details of her scheme were presented to the U.S. District Court in Florida.

American Greed Showtimes

AMERICAN GREED MARATHON FRIDAY!
Friday, April 18th 12p – 6p ET
12p ET AG #79
The Lady Killer
1p ET AG #82
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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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