American Greed: Scams, Scoundrels and Scandals Season 12 Episode 20 From Bouncer to Millionaire Fraudster

From Bouncer to Millionaire Fraudster is the twentieth episode of the twelfth season of American Greed: Scams, Scoundrels and Scandals. This episode revolves around the story of an ex-bouncer turned millionaire fraudster who conned several innocent individuals of millions of dollars.

The episode begins with the introduction of George Theiss, a former US Marine who started working as a bouncer in a strip club in Las Vegas. George always had a hunger for success and wealth and quickly realized that his current job would not grant him the fortune he desired. He quit his job and began his journey of fraud and deception.

George initially started by conning people for small amounts of money, but his scams continued to escalate, leading him to prey on more substantial targets, including affluent businessmen. George played his victims by using charm and deceitful tactics and would often offer them higher returns on their investments than what they would typically expect.

George's scams and fraudulent deals even attracted the attention of the US Securities and Exchange Commission and the FBI, but his clever tactics of using shell companies and offshore accounts made it tough for authorities to catch him.

The episode portrays George's extravagant lifestyle, which included luxury cars, designer clothes, and lavish parties, all funded by the money he conned from his victims. Many of his victims lost their entire life savings and were left with nothing after investing in the false promises George had offered them.

The episode also highlights the struggle of one of George's victims, a retired Air Force veteran who invested his entire life savings in one of George's fraudulent deals, hoping to secure a brighter future for his family. However, after realizing that he had been scammed, the man was left penniless and emotionally shattered.

The episode takes the viewers on a riveting journey of the fraudulent activities of George Theiss, and the investigators' efforts to bring him to justice. Towards the end of the episode, George's scams finally caught up with him, and he was arrested by the FBI. He was convicted of fraud and sentenced to 87 months in prison.

Overall, From Bouncer to Millionaire Fraudster is a captivating episode that exposes the dark side of human greed and the disastrous consequences of falling prey to fraudulent schemes. The episode serves as a reminder that it is crucial to be vigilant and cautious while investing in lucrative investment opportunities and to always do a thorough background check on the people or companies that offer such deals.