American Greed Episode 61: Pimp, Preacher, Profiteer

Case File

Pimp, Preacher, Profiteer

  • The Preacher
  • Once a preacher, Michael Lock was driven by a desire to get rich. Lock's determination led him from the pulpit to the streets of Milwaukee's thriving drug trade. The boy who used to preach on Sundays became a man with a cocaine business that would one day make $100,000 a week.
  • Mortgage Fraud
  • Lock continued a life of crime and tried his hand at a highly lucrative game…mortgage fraud. He recruited credit worthy young women to act as straw buyers and created phony appraisals on rundown buildings. Lenders were duped into loaning hundreds of thousands of dollars for buildings worth far less.
  • Crime Scene
  • A gruesome discovery revealed Lock's real secrets were buried right in his own back yard. Two bodies were found at a home he once owned. As one team of investigators digs into the graves …another digs into Lock's past.

Web Extras

  • Michael Lock
    By: Jenna Martino|CNBC Associate Producer

    How some gangs are moving beyond drugs and street crimes and into financial crimes like mortgage fraud.  

  • American Greed: Pimp, Preacher, Profiteer

    Michael Lock was a Milwaukee crime boss with a business model that took him from cocaine dealing to bank fraud ... and Lock had a sure-fire way to beat the competition.

  • Inside Lock's Operations

    Homicide detective Randy Olson describes how Lock, according to police informant Louis Jackson, kept control of his criminal operations.

  • The Victim

    Lorraine Koutromanos, one of Lock's mortgage fraud victims, describes what happened following Lock's con.

  • Read Michael Lock's testimony during a court hearing on 7/11/08

  • Warrant filed against Lock for drug and kidnapping charges.

  • Criminal complaint filed against Lock and Donald Cooper for 2 homicide charges.