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American Greed: Unbelievable Scams and Schemes

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Fraud in Cyberspace

Barton Watson, the high-flying chairman of Cybernet, appeared to have it all: Success, money, cars. By all outward appearances, his company appeared successful, too. But in reality, it was drowning in debt. To keep afloat, Cybernet inflated its financial reports to the banks to secure loans. Staff members became suspicious. One contacted the FBI.

Photo: James Cameron / MSR Realty