Friends Without Benefits

Oct 23, 2015 on CNBC at 10:00 PM

Summary

Mutual Benefits buys life insurance policies from aids patients, the chronically ill, and seniors and fraudulently resells them as low risk investments to clients. When medical advances help patients live longer, Mutual Benefits collects new investor... (more) money to pay returns. 30,000 people get caught in the $1.25 billion ponzi scheme.

Previous episode

The Lawyer Lies / Black Gold Bust
Season 9 Episode 13

Oct 16, 2015

Next episode

The Spy Who Scammed Me
Season 9 Episode 15

Oct 30, 2015