American Greed: Scams, Scoundrels and Scandals Season 4 Episode 4 "The Mad Max of Wall Street"
- March 10, 2010
In season 4, episode 4 of American Greed: Scams, Scoundrels and Scandals, titled "The Mad Max of Wall Street," viewers are introduced to former hedge fund manager and self-proclaimed "Mad Max of Wall Street," Brett Thomas.
Thomas lived a lavish lifestyle, driving expensive sports cars and skiing in exclusive resorts. He appeared to have it all, but beneath the surface, he was running a fraudulent hedge fund scheme that was funded by investors who dreamed of striking it rich.
The episode delves into the details of Thomas's scheme and how he made himself the primary beneficiary at the expense of his investors. It highlights the techniques he used to lure investors, such as showcasing his personal wealth and making grandiose promises of returns on their investments.
As the scheme collapsed, Thomas fled to Mexico but was eventually arrested and brought back to the United States to face charges of wire fraud and money laundering. The episode explores the legal proceedings against him and reveals how his actions left many investors financially devastated.
Throughout the episode, interviews with those closest to the case, including the Special Agent in Charge of the FBI's New York division and former investors in Thomas's scheme, provide insight into the impact of Thomas's actions on the lives of those involved.
The episode also examines the lessons that can be learned from this case and others like it. Viewers are reminded of the importance of thoroughly researching investment opportunities and understanding the risks involved before committing their money.
Overall, "The Mad Max of Wall Street" offers a cautionary tale of the consequences of greed and the devastating effects that fraudulent schemes can have on unsuspecting investors.