American Greed: Scams, Scoundrels and Scandals Season 14 Episode 9 Confessions of a Scam Artist

In American Greed: Scams, Scoundrels and Scandals season 14 episode 9, entitled "Confessions of a Scam Artist," viewers are taken on a journey into the world of fraud and deceit. The episode follows the story of a man named Michael Jacobi, who defrauded investors out of millions of dollars through a Ponzi scheme.

Jacobi, who presents himself as a wealthy and successful businessman, lured in his victims with promises of high returns on their investments. He promised to invest their money in various ventures, including real estate and stocks, but instead he used the money to fund his extravagant lifestyle and pay off previous investors.

As the scheme grew larger, Jacobi found it increasingly difficult to maintain the illusion of success. His lies eventually caught up with him, and he was caught by the authorities. In a shocking turn of events, Jacobi agreed to cooperate with the government and revealed the details of his scam.

Through interviews with Jacobi's victims, law enforcement officials, and legal experts, viewers learn about the devastating impact that financial fraud can have on people's lives. The episode also explores the psychology behind why people like Jacobi are able to deceive others, as well as the steps that individuals can take to protect themselves from becoming victims of scams.

Overall, "Confessions of a Scam Artist" is a captivating and informative episode that sheds light on the dangers of greed and the importance of being vigilant when it comes to our financial well-being.