American Greed: Scams, Scoundrels and Scandals Season 9 Episode 12

American Greed: Scams, Scoundrels and Scandals Season 9 Episode 12 In Harm's Way

  • July 31, 2015

In Harm's Way is the twelfth episode of the ninth season of American Greed: Scams, Scoundrels, and Scandals. This episode explores the story of how a small company, Agape World, managed to scam investors out of nearly $400 million dollars. The fraud was orchestrated by a man named Nick Cosmo, who promised investors large returns on their investments.

As the episode unfolds, viewers learn about Nick Cosmo's criminal background and how he was able to gain the trust of investors despite his past. He convinced investors to put their money into Agape World, a company that claimed to be investing in short-term loans to small businesses. In reality, however, the money was being used to fund Cosmo's lavish lifestyle and pay back earlier investors.

Despite warnings from regulators and whistle-blowers, Agape World was able to continue its fraudulent activities for several years. The episode features interviews with former employees of Agape World, as well as victims of the scam who lost their life savings.

As the investigation into Agape World heats up, viewers watch as Nick Cosmo attempts to flee the country in order to avoid prosecution. The episode details how authorities were eventually able to track him down and bring him to justice.

In Harm's Way is a cautionary tale about the dangers of investment scams and how easily people can be fooled by promises of quick and easy returns. The episode serves as a reminder that it is always important to do your research and thoroughly vet any investment opportunity before handing over your hard-earned money.

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Description
  • First Aired
    July 31, 2015
  • Language
    English