Ep 8. Dangerous Luxury

In the American Greed season 12 episode 8 titled “Dangerous Luxury,” viewers are taken on a journey through the life and crimes of a high-end luxury car dealer, Marc Chase. Chase’s lavish lifestyle, which included owning a private plane and a multi-million dollar home, was all funded by his illegal activities.

Chase’s scheme involved tricking banks into giving him loans for his luxury car dealership. He would submit false loan applications on behalf of his clients, who were actually straw borrowers paid to take out the loans. Chase would then use the loan money to purchase luxury cars and sell them at a profit, while leaving the banks to deal with the unpaid loans.

As his scheme continued, Chase became more and more emboldened, even hosting lavish parties and events to flaunt his wealth. However, it wasn’t long before the FBI caught wind of his illegal activities and set out to take him down.

The episode takes viewers through the intricate investigation and legal proceedings that ultimately led to Chase’s arrest and conviction. It also features interviews with some of the individuals who were directly impacted by his scheme, including the straw borrowers who had their credit ruined and the investors who lost money in his luxury car dealership.

“Dangerous Luxury” is a cautionary tale about the dangers of greed and the consequences that come along with breaking the law. It serves as a reminder of the importance of honesty and integrity in business dealings and the importance of staying on the right side of the law.