American Greed: The Fugitives Episode 5: Phony Phone Calls | Heavy Metal Fraud

Heavy Metal Riches to Rags

Case 1: Phony Phone Calls

A Chicago executive leads the life of a king. Slobodan Lunic has planes, boats and motorcycles. But Lunic builds his fortune one quarter at a time…operating payphones. Lunic with his partner Scott Holmberg have allegedly taken in $37 million in a payphone ownership investment scheme.

Holmberg is arrested, but Lunic manages to escape. He's a fugitive from justice, wanted by the FBI.

Case 2: Heavy Metal Fraud

Luis Ferreira is a telemarketing tycoon, siphoning millions from naïve investors. He runs a South Florida metal brokerage firm called Spyker Consulting. Ferreira claims to be selling an opportunity for financial security. But instead he lines his own pockets with client money. Ferreira admits to the con, but rather than face prison he disappears. He's a wanted fugitive and could be on the end of the next sales call you receive!

The Fugitives Extras

  • See how two Chicago men attempt to corner the market in pay phones, while keeping their investors holding on the line for any returns.

  • Kevin DeChant

    Kevin DeChant, Co-owner, IFG National, LLC, describes trips he would go on with fellow co-workers and Slobodan Lunic.

  • Steve Starr

    Steve Starr, a former investor with Spyker Consulting, explains how much information telemarketers want from you.

  • Learn how fraudsters use the phone to bait and hook investors into a precious metal scam and how to avoid becoming a victim.

  • Read the accusations leveled against Luis Ferreira and his company Community Affairs, Inc. by the Federal Trade Commission. (Source: Public Domain)