American Greed #58: Loan Scam & Fraud in Paradise

Monday, 19 Mar 2012 | 12:00 AM ET

Preview two new cases of American Greed. Norman Schmidt spent a lifetime moving from one get-quick-rich scheme to the next. He stole millions until a trusted employee brought him down. Next, Hawaiian mortgage broker James Lull claimed there was big money to be made by fixing bad credit scores. But his investors' money went straight into a veritable museum of collectibles.