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Case 1: Religious Prey: Baptist Foundation of Arizona |
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"American Greed," a new series on CNBC, explores the worlds of scams, cons and schemes. In Episode #5, The Baptist Foundation of Arizona -- millions are invested and lost -- its mission ends in scandal.
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THE FAITHFUL |
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Bill & Pat
Anderson |
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THE WHISTLE BLOWER |
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| Kyle Tresch |
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| SCENE 1 - A Southern Baptist Church -- an oasis in the Arizona desert, a place of comfort to those in crisis. |
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| SCENE 2 - The Baptist Foundation of Arizona -- a non-profit fundraiser dedicated to the church. Investors take a leap of faith and believe their money will be secure. |
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| SCENE 3 - But sometimes in the desert there's a mirage. What appears to be true... is just a trick of the eye. Investors in the BFA discover the harsh reality -- their financial security is an illusion. |
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| SCENE 4 - A father loses his daughter's tuition -- a couple their savings. "American Greed" unravels the elaborate Ponzi scheme which left a religious community betrayed and baffled. |
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Hear from the BFA's former Chairman of the Board, Pastor Berry Norwood. |
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Bill Crotts' attorney, Mike Piccarreta, talks about A.L.O. Inc. |
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Tom Grabinski's attorney, Daryl Williams, talks about Crotts and his right hand man. |
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The series is narrated by actor Stacy Keach and produced exclusively for CNBC, America's Business Channel, by Kurtis Productions.
Data is a real-time snapshot *Data is delayed at least 15 minutes