Series Takes Viewers on the Hunt to Catch the Most Wanted White-Collar Fugitives
ENGLEWOOD CLIFFS, N.J., JULY 19, 2012—White-collar crime can destroy companies, cost investors billions, devastate families and wipe out a person’s entire life savings. CNBC follows the money in search of the alleged masterminds behind some of the biggest financial fraud cases in the U.S.
On Wednesday, August 1st at 8PM ET, CNBC will premiere “American Greed: The Fugitives,” a new spin-off series that focuses on the never-before-heard stories of alleged white-collar criminals who orchestrate elaborate scams to dupe investors and ultimately, evade capture. Investment schemes are more sophisticated than ever before and each episode features interviews with law enforcement, prosecutors and victims, all sharing the goal of bringing these fugitives to justice.
“Since its debut in 2007, ‘American Greed’ has been a highly-anticipated staple in CNBC’s primetime line-up,” said Ray Borelli, Senior Vice President of Strategic Research, Scheduling and Long Form Programming, CNBC. “This new series is the perfect extension of our popular franchise that has built an extremely loyal and continuously growing fan base.”
The series kicks-off with John and Julieanne Dimitrion who commit mortgage fraud by convincing distressed owners to relinquish their homes under the premise of improving their financial position. But, the Dimitrions use the proceeds of the sales to fund their own lavish lifestyle. It’s nearly impossible to leave Hawaii without a trace, so how did this couple vanish into thin air? The hour also features the story of Spiro Germenis, a heartless hedge fund manager, wanted for allegedly scamming more than 25 victims in a massive investment fraud. Using falsified financial statements, Germenis allegedly steals from middle-class people and senior citizens who lose their entire life savings. Spiro tells his wife he’s heading to a Mets playoff game, but instead buys a one-way plane ticket, never to be heard from again.
Upcoming episodes include a mutual fund manager on the run in a small town accused of bilking $65 million from investors; a contractor who preys on unsuspecting clients who pay for home renovations that never happen; a man wanted for his alleged involvement in a lottery scheme where the players lose big and he’s the only winner; and a fraud ring that schemes to rob banks across the country.
The series is narrated by actor Stacy Keach and produced exclusively for CNBC, First in Business Worldwide, by Kurtis Productions.
CNBC’s “American Greed: The Fugitives” will air on Wednesday nights beginning Wednesday, August 1st. The first two episodes will premiere at 8pm ET and repeat at 9pm and 12am ET. The remaining five episodes will air Wednesday nights at 9pm & 12am ET.*
For more information and special web exclusives go to: thefugitives.cnbc.com.
Charles Schaeffer is the Executive Producer for CNBC. Mitch Weitzner is the Senior Executive Producer and Ray Borelli is the Senior Vice President of Strategic Research, Scheduling and Long Form Programming for CNBC. Mike West is the Executive Producer and Carmen Jones is the Supervising Producer for Kurtis Productions.
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