American Greed Season 12 Episode 20
American Greed
Season 12

Ep 20. From Bar Bouncer to Millionaire Fraudster

  • TV-PG
  • October 22, 2018
  • 43 min

From Bar Bouncer to Millionaire Fraudster is the twelfth episode in the twelfth season of the true crime documentary series American Greed. The episode follows the incredible rise and fall of a man who went from a bar bouncer to a millionaire fraudster through a series of elaborate scams.

The episode begins with an introduction to the main subject of the episode, a man named Alex G. Spanos. Born in 1923, Spanos was a self-made millionaire who made his fortune in the real estate business. He owned numerous properties across the country, including luxury hotels, apartment buildings, and shopping centers. He was also a notable philanthropist and owner of the San Diego Chargers football team.

However, in the early 2000s, Spanos became embroiled in a series of financial fraud schemes that ultimately led to his downfall. The episode delves into these schemes and chronicles the events that led to his eventual conviction and imprisonment.

One of the main schemes that Spanos was involved in was a Ponzi scheme in which he convinced investors to give him millions of dollars for various real estate projects. However, instead of using the money as intended, Spanos used it to pay off earlier investors and to fund his lavish lifestyle. He also forged documents and misled investors about the true nature of these investments.

Throughout the episode, interviews with Spanos' former associates, law enforcement officials, and legal experts provide insights into his tactics and motivations. The episode also features dramatic reenactments of key moments from Spanos' life, as well as archival footage of him interacting with the media and other public figures.

As the investigation into Spanos' activities deepens, it becomes clear that he was not acting alone. The episode reveals that he had a network of accomplices who helped him carry out his various schemes and cover up his tracks.

Despite his wealth and power, Spanos was eventually caught and charged with multiple counts of fraud and other financial crimes. He was sentenced to several years in prison and forced to pay millions in restitution to his victims.

Overall, From Bar Bouncer to Millionaire Fraudster is a gripping and insightful episode of American Greed that shines a light on the darker side of the American dream and the temptations of wealth and power. It's a cautionary tale about the dangers of greed and the importance of transparency and accountability in the world of finance.

Description
Watch American Greed - From Bar Bouncer to Millionaire Fraudster (s12 e20) Online - Watch online anytime: Buy, Rent
American Greed, Season 12 Episode 20, is available to watch and stream on CNBC. You can also buy, rent American Greed on demand at Amazon, CNBC, Google Play, Apple TV online.
  • First Aired
    October 22, 2018
  • Content Rating
    TV-PG
  • Runtime
    43 min
  • Language
    English