Ep 66. The Jersey Score

The Jersey Score episode of American Greed season 6 explores the story of a group of friends who conned wealthy investors in a multi-million dollar Ponzi scheme. The mastermind behind the operation is Jason Werling, a smooth-talking salesman who convinces investors to join his company, Fidelis Asset Management. He promises high returns on investments in the real estate market, but in reality, he and his partners are using the money to fund their lavish lifestyle and pay off earlier investors.

The group relied on a network of friends and family members to recruit new investors, promising them a percentage of the profits. The scheme seems foolproof, and they even make a substantial profit in the first few years. However, eventually, the Ponzi scheme collapses, and the investors realize they have lost all their money.

The episode reveals the methods used by the group to scam their investors, including falsifying documents and using high-pressure sales tactics. The investors tell their stories of how convincing Werling was, and how they trusted him with their life savings. The episode also highlights the aftermath of the Ponzi scheme, including the emotional and financial toll it takes on the victims and their families.

The Jersey Score episode also delves into the investigation and eventual arrest of the group. Law enforcement officials and legal experts break down how they uncovered the scheme, including how they used wiretaps and surveillance to build their case.

In addition to Werling, the episode profiles the other members of the group, including Werling's brother, Jeff, who was the firm's compliance officer, and the group's chief financial officer, Ann Marie Miller, who has since become a whistleblower.

Throughout the episode, viewers get a glimpse of the opulent lifestyle the group enjoyed, including luxury cars and vacations, before it all came crashing down. The episode ultimately serves as a cautionary tale, showing how greed can lead even seemingly good people down a dangerous path.

Overall, The Jersey Score episode of American Greed season 6 offers a compelling look into the minds of those who engage in Ponzi schemes and the impact they have on their victims. The episode's mix of personal anecdotes, legal insights, and investigative reporting makes for a captivating watch.