CNBC Originals Season 1 Episode 33 Secrets of the Knight: Sir Allen Stanford and the Missing Billions

CNBC Originals season 1 episode 33 is titled "Secrets of the Knight: Sir Allen Stanford and the Missing Billions." In this episode, CNBC dives into the scandal surrounding billionaire financier Allen Stanford and his massive Ponzi scheme. Stanford was known for his extravagant lifestyle and philanthropic endeavors, but his empire came crashing down when he was accused of defrauding investors out of $7 billion.

The episode explores Stanford's rise to prominence, his foray into the world of cricket and how he became a respected member of the business community. It also delves into the details of his fraudulent scheme, which involved offering investors high returns on certificates of deposit that were in reality backed by non-existent investments. The program investigates how Stanford managed to get away with his scheme for so long and sheds light on the warning signs that were ignored by regulators.

The show features interviews with former employees, investors, and journalists who covered the scandal and provides rare insights into the inner workings of Stanford's empire. It also examines the aftermath of the scandal, including Stanford's trial and the efforts of investors to recover their lost funds.

Overall, "Secrets of the Knight: Sir Allen Stanford and the Missing Billions" is a gripping and informative take on one of the biggest financial scandals in history. It provides a cautionary tale of how greed and corruption can lead even the most respected figures in the business world down a dangerous path.