Ep 17. Wine, Women and Fraud

In American Greed season 11 episode 17, titled "Wine, Women and Fraud," viewers are taken on a journey through the life of former financial advisor, Mark W. Nichols. Nichols was a charismatic and successful businessman who managed money for high net worth clients through his company, Nichols Financial Services. However, what his clients didn't know was that he was using their money to support his lavish lifestyle.

Nichols, who was known for his love of fine wine, beautiful women, and luxury cars, began to use the investments of his clients to fund his extravagant lifestyle. Over the course of several years, he took millions of dollars from his clients and used it for his own personal gain.

Nichols was able to keep up his fraud for so long due to his charming personality and his ability to build strong relationships with his clients. However, his fraudulent actions eventually caught up with him, and he was arrested and charged with several counts of fraud.

The episode delves into both the details of Nichols' fraudulent actions and the impact they had on his clients. Many of these clients lost their life savings and were left devastated by Nichols' actions. The episode also explores the aftermath of his arrest, including the legal proceedings and the impact it had on Nichols' family.

Throughout the episode, viewers gain insight into the psychology behind financial fraud and the type of person who engages in this type of behavior. Nichols' story is used as a cautionary tale for investors, highlighting the importance of thoroughly vetting financial advisors and staying vigilant when it comes to investments.

Overall, "Wine, Women and Fraud" is a compelling and eye-opening episode of American Greed that provides viewers with a closer look at the devastating impact financial fraud can have on both individuals and communities.