American Greed: Scams, Scoundrels and Scandals Season 13 Episode 15

American Greed: Scams, Scoundrels and Scandals Season 13 Episode 15 All-Star Sports Scam

  • March 2, 2020

In American Greed: Scams, Scoundrels and Scandals season 13 episode 15 titled "All-Star Sports Scam," viewers will be taken on a journey through one of the most audacious frauds in the history of American sports. The episode focuses on the story of former NBA player Tate George, who in 2013 was sentenced to nine years in prison for masterminding a $2 million dollar Ponzi scheme.

The episode begins with a description of George's life as a basketball star and his subsequent entry into the business world. After retiring from the NBA, George launched his own real estate investment company, with a goal of using his sports contacts to attract investors. He marketed himself as a savvy businessman with insider knowledge of the sports industry, and raised millions of dollars from unsuspecting investors looking to cash in on his promises of lucrative returns.

The All-Star Sports Scam takes a deeper look at how Tate George was able to pull off such an elaborate scheme, which relied heavily on his reputation as a trustworthy sports figure. The episode highlights the tactics used by George, including creating fake documents and forging signatures, to dupe investors into putting their money into his company. He also mixed personal and business expenses, living lavish lifestyles and even taking vacations on investor's money, and used money from new investors to pay off former investors - an unsustainable system that ultimately collapsed.

The episode also features interviews with some of the victims of George's scheme, as well as with law enforcement officials and financial experts who worked on the case. Through these first-hand accounts, viewers are able to see the impact of George's actions on the lives of those he deceived, as well as how the investigation and prosecution played out.

In the end, the episode serves as a cautionary tale of the danger of investment scams and the importance of doing thorough research before investing any money. It also highlights the importance of authorities cracking down on those who use their position of trust to take advantage of others for personal gain.

Overall, American Greed: Scams, Scoundrels and Scandals season 13 episode 15 titled "All-Star Sports Scam" is a compelling and informative examination of one of the biggest sports-related frauds in recent history, and a reminder of the need for vigilance when it comes to investing.

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Description
  • First Aired
    March 2, 2020
  • Language
    English