CNBC's AMERICAN GREED to Return for Season 7, 2/21
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On Thursday, February 21st at 10PM ET/PT, CNBC's ground-breaking original primetime series, "American Greed," returns to the network's lineup premiering on a new night with 13 all-new episodes. The award-winning series examines the dark side of the American dream... where crime pays well, until you get caught.
Fast boats, fake paper and a lust for the good life... a clever con man scams millions using a wet and wild fraud. The premiere episode of the seventh season begins in the city of Grand Rapids, Michigan with the story of Michael Vorce, a hometown guy, son of two well-respected public school administrators, who is well-versed in playing the part of the rich kid in town. Vorce claims to have a fleet of more than 50 luxury yachts, with the papers to prove it. Those papers and a charming pitch are all he needs to con bank loan officers out of tens of millions of dollars in loans. The reason it's a con? Most of his yachts never existed and the papers are fabricated. Vorce is using money from local banks to live the life of a 20-something playboy driving fast cars and speedboats. He throws down thousand dollar tips at bars in his hometown of Grand Rapids, Michigan. In one year alone, he spends more than $100,000 on clothes, $300,000 on home furnishings and another $250,000 on cars. But when the bank loans come due, the bankers want to know, where are all the boats, and where is the money?
This season of "American Greed" will look at more big-time Ponzi schemes including the story of Doug Vaughan, dubbed the "New Mexico Mini-Madoff," who ran the largest fraud in New Mexico history; New York money manager Melissa G. King, who was supposed to be administering the NYC Sandhog's union benefit funds but instead spent millions supporting her own lavish lifestyle; and the 2005 fire at the Wines Central warehouse in Vallejo, California that destroyed a staggering $200 to $250 million dollars' worth of wine in one of the largest wine embezzlement cases of all time.
For more information and special web exclusives log onto: americangreed.cnbc.com.
CNBC's "American Greed" is narrated by actor Stacy Keach and produced exclusively for CNBC, First in Business Worldwide, by Kurtis Productions. Mike West is Executive Producer for Kurtis Productions. Charles Schaeffer is the Executive Producer for CNBC. Mitch Weitzner is the Senior Executive Producer and Ray Borelli is the Senior Vice President of Strategic Research, Scheduling and Long Form Programming.
Season 7 of CNBC's "American Greed" consists of 13 episodes and will air Thursdays beginning February 21st at 10PM ET/PT.
With CNBC in the U.S., CNBC in Asia Pacific, CNBC in Europe, Middle East and Africa, CNBC World and CNBC HD+, CNBC is the recognized world leader in business news and provides real-time financial market coverage and business information to approximately 390 million homes worldwide, including more than 100 million households in the United States and Canada. CNBC also provides daily business updates to 400 million households across China. The network's 16 live hours a day of business programming in North America (weekdays from 4:00 a.m. - 8:00 p.m. ET) is produced at CNBC's global headquarters in Englewood Cliffs, N.J., and includes reports from CNBC News bureaus worldwide.
CNBC also has a vast portfolio of digital products which deliver real-time financial market news and information across a variety of platforms. These include CNBC.com, the online destination for global business; CNBC PRO, the premium, integrated desktop/mobile service that provides real-time global market data and live access to CNBC global programming; and a suite of CNBC Mobile products including the CNBC Real-Time iPhone and iPad Apps.