Billion-dollar fraud and Ponzi schemes | 60 Minutes Full Episodes
ฝัง
- เผยแพร่เมื่อ 20 พ.ค. 2024
- From 2009, Steve Kroft's investigation of Marc Dreier's Ponzi scheme. Also from 2009, Kroft's interview with government agents fighting the $60 billion Medicare fraud industry. From 2012, Scott Pelley's report on stem cell fraud. And from 2010, Morley Safer's examination of how con artists deceive people.
#fraud #ponzischeme #crime
"60 Minutes" is the most successful television broadcast in history. Offering hard-hitting investigative reports, interviews, feature segments and profiles of people in the news, the broadcast began in 1968 and is still a hit, over 50 seasons later, regularly making Nielsen's Top 10.
Subscribe to the “60 Minutes” TH-cam channel: bit.ly/1S7CLRu
Watch full episodes: cbsn.ws/1Qkjo1F
Get more “60 Minutes” from “60 Minutes: Overtime”: cbsn.ws/1KG3sdr
Follow “60 Minutes” on Instagram: bit.ly/23Xv8Ry
Like “60 Minutes” on Facebook: on. 1Xb1Dao
Follow “60 Minutes” on Twitter: bit.ly/1KxUsqX
Subscribe to our newsletter: cbsn.ws/1RqHw7T
Download the CBS News app: cbsn.ws/1Xb1WC8
Try Paramount+ free: bit.ly/2OiW1kZ
For video licensing inquiries, contact: licensing@veritone.com
0:00 Introduction
0:11 The Swindler
13:27 Medicare fraud
27:26 Stem Cell Fraud
43:44 Pigeon Fever
The older I get, the more I watch situations I've come to the conclusion it's a very tough world for an honest person!
I mean gee, it's so easy for liars to get money.
Have u Every heard the saying try to be the only guy playing straight in a dirty game
@@bryanbelcher5785 no, I haven’t heard that one...
Medicare permits these fraud
Medicare paid ?
Medicare does not aware ?
"Something went off the tracks"...yeah, it's called greed.
"Lack of resources" to investigate fraud. What a mind boggling statement.
They need to investigate every Clinic in Miami! The amount of corruption is ridiculous
HOUSTON, TX.
ALL OF FLORIDA IS CORRUPT
If that paper shredder could talk it would be worth a lot more than $25 🤣
Worth all the bricks of gold in Fort Knox to a prosecutor...lol
🤣
@@jonathanbatturs6359gttvg
so make a million dollars, go to jail for 4 years and done? that sounds like a better retirement plan that most gets
Better than rape. That gets you 20 years and you earn nothing. If you wanna do crime, do ponzi not rape. Lol
keyword: beat the system.
Wow, 400 million dollar Ponzi scheme?!!! Insane! The love of money is the root of evil!! GREED!
sell weed go to jail for life
the lawyer is still living a rich life confined in his own home
Insurance companies need to be investigated
every single rip off con artist is ENABLED by the FED Wall Street and banking rules. you can't blame a human for being greedy [thats called 'free will'] but you can blame the LAW ENFORCEMENT for their FAILURES. 2008-11 international collapse was HELD UP by the whole system of compromised greed
Workers comp included cuz I am pretty sure there's biases there too
I work for an insurance co. On Medicare advantage insurance companies don't approve a provider's claim without Medicare approval. If the insurance denies it it's because Medicare denies it or vice versa. We are trained as well to report fraud to CMS if we suspect it. CMS should be one to get investigated!
They should all be closed altogether.
He is right: the more you show people you don't need money, the more you attract money.
Like Prosperity Gospel taken to the extreme. Money down a attract money - to a point.
Like Trump and his MAGA cult😂
This is so hard to watch. These are the monsters who have ruined our country. NO forgiveness!
And yet these are the people that get to sit out their sentences in their mansion while the petty thief sits in jail for a few years.
Yes brother , forgiveness is needed for the blind, “ Forgive them Father for they know not what they do “
They are insane with a split mind from our Creator. Be Well and know we are all connected and need each other .❤
@@boremir3956Bernie Madoff and this guy went to the same synagogue
All the people who were hurt, that's where the compassion should go, not to forgiveness for these crooks Trump included.
I agree democrats have pretty much destroyed America.
my nerves would be shot if i ever did something even close to this. not to mention the guilt
Yeah I think most people would be honestly. Having a conscience is a good thing. Fortunately most people are decent like that, but you truly can't trust everyone. Some people are wolves, others are sheep.
This guy thinks if he admits his crimes, all will be forgiven.
"I did something foolish" spoken like a true psychopath! He is only sorry for himself and the fact he got caught.
Your opinion.
I fully agree with you. I commented before I read any other comments and found this general consensus to be very common.
@@TobyTainerVlogYou're his Daddy? How much have you stolen from ppl bud
Well, I think he has regret. Most actual psychopaths never show regret for their actions as it relates to themselves or others. Most actual psychopaths usually try to justify their actions. Admitting you did wrong is actually indicative he's not a psychopath. It's sin, not a psychological condition. This is envy and pride.
His tell is that he said he's humiliated by this stuff... not that his actions are heinous.
Crazy. Not easy to get medicare to help mom get mobility scooter but others can get millions. Smh
Move to Florida. Ron Desatan will help you get it for free
I hear you 100%..but!! You'd be surprised of why it's gotten so hard and it isn't the government nor the billionaires.
@@MrThejboe3oh5 will who are they ????
Billionaires like Trump better pay their fair share, and their taxes !!
@@marietellez6021 The rich avoid taxes by taking out loans based upon property. The value of the property value rises such that the loan gets rolled over since the value of the collateral rises. So instead of paying taxes on rising capital values spent as capital gains you are a debtor who has property. So by the magic of increasing debts and capital gains not being taken you avoid income taxes. Now you see how the swindle works and why many companies no longer pay out dividends.
I worked at a casino for 4 years. If I over paid anyone over a hundred dollars I would be fired.. yet this guy's are still in charge 😂
Because those casinos are backed by the mob. Always have been!🙄
This is a man who thought everyone was stupid, but him. Unbelievable!
It seems from his demeanor during that interview he still thinks that.
He said, "The more you show people you didn't need money the easier it was to attract money." This explains why there are so many people who would have got scammed, falling into this trap, people don't like working hard and prefer to get an easy route to get money. If someone told me how easily they got money or high investment returns, I would stay away from that.
70k per month??
What a racket!
Electronic monitoring is normal for some violent criminals. Someone's brother/sister in law got their hands into that deal!
It always seem to boil down to one question, "How much is enough"?
Power always seems to be the underlying cause.
it calls greed
One Jewish man has said, _"For what shall it profit a man, if he shall gain the whole world, and lose his own soul? Or what shall a man give in exchange for his soul?"_ (Mark 8:36-37)
id say most ppl have a greed problem.
And here it is, im hardworking and have paid all my bills on time for the past 25 years and if I asked for that type of loan,
Id also be asked for proof as though i need a checkup from the proctologist.
I had a neighbor years ago whose husband was charged for a hysterectomy. When she complained to Medicare, they said it was too late, they paid the claim. (Hint: Men don’t get hysterectomies)
My mother gets more Covid tests that she doesn’t want or need, that she never asked for.
If so much money is involved in fraud, it should be a piece of cake to assign a budget to fraud prevention and actually save lots of money.
our government can't even manage themselves... let alone use logic like you just did to combat fraud...lol
Exactly.
Selling your paintings to pay for house arrest... tough life.
Rich people problems
It's his mother that paid for the house arrest. The paintings were probably confiscated to keep him from selling and bribing.
@magnacz everything was taking but his home. He can't afford it now but hopefully hw was smart an paidex his taxes ahead
I know. trapped in his penthouse with GPS and two 70k mnth officers sounds crazy bad time lol
Hunter will just paint more.
why pay taxes if our own government is this wreckless and stupid with OUR money
This is about scams, nothing to do with the government.
Yes, let's blame the victim. That's the mindset that allows someone to head the largest for-profit hospital system, one that defrauded Medicare, Medicaid & Tricare - which SETTLED at 1.7B in fines - to run for and win a gubernatxorial seat then a senatorial seat. Who, as senator, was leading the charge to sunset Social Security & Medicare.
(The only silver lining is that said politician was tasked with heading senatorial elections and blew through the money he had access to with little to show for it. That committee might want to audit their books & if they were conned then that's on them for putting him in charge.)
who are you talking about? elaborate more please @@sujimtangerines
That's okay... I'll stick with Medicare. The elderly who switched from a government run program to Medicare Advange (private insurance) are putting their lives on the line. The small-time crooks ripping off Medicare have nothing on the theives running private insurance.
@@sujimtangerines russia is evil
These guys don't give a damn about the crimes they commit and the people they hurt -- they ONLY care about getting caught. Never satisfied and enough is never enough.
I am certain that one day America will look back at Donald Trump the same way.
So my question is why this man is not in a orange jumpsuit in a small small cell
But if you robbed a bank without a gun for $2000 dollars you get 20 years
@@coryrogers846yes indeed...why is he not in jail ?
@@jefft5152wow...after everything has came to light you still have tht mindset and trump is on your mind....how sad ..wow
The friggin greed. You only need 1 million for a big house and car…. But noo these fools just couldn’t leave it alone.
id argue most people are way too greedy.
He was full of greed and made a deal with the devil. What a shame he is truly a horrible human that makes bad choices.
"I wanted to be as important as I thought I deserved to be" and these are the people saying the youth of today are the most entitled Typical criminals scapegoating the victims of their schemes
Regular John Doe: steals $5,000.00 goes to hard core prison for 15 years.
Wealthy John Doe: steals $400,000,000.00 goes to penthouse arrest for a little while.
He got sentenced to 20 years in federal prison.
@@legacyShredder1Club-Fed*
How's he gonna cope with other regular Joe's in prison....the judges are simply humane
That Medicare lady was not gonna carry the blame. She had those rebuttals ready 😂
What the hell are you taking about
Well, they did just say that they only had 3 Medicare fraud investigators assigned to the entire state of Florida (I'm assuming at the airing of this back in 2009, unless I missed something). So, I don't blame her for throwing the government or Medicare under the bus for a lack of resources to combat fraud. If there is money to be stolen, thieves will take advantage of any kind of lack of oversights.
Omg, he was doing "charities " with all the celebrities i knew were FOS lmfao
Life's biggest rules: work hard, be honest, and be happy with who you are
And keep an ego in check.
not even the government are honest, what makes you think they'll cut you a break
@@Steve-gc5ntvery important.💯
working hard gets you nowhere. It can barley get you the basic necessities
The guy Dreier stole when he didn’t need to. People like this will never be happy. Starts within
It amazes me that someone can get 100 million dollars from a letter heading, and the lenders never got it checked out.
No time to check on steadfastness and legalities. Busy with drinks & golfing & swinging parties. The usual suspects. Come on people, you know the people usually in news publications smiling and touting Christian values and very conservative views.
He was a lawyer, so it bought him a lot of credibility.
💯
While your 200k mortgage takes 16 documents and three weeks of review proving income, assets, payment record, criminal history and favorite flavor of ice scream!
@@matrices3987With an orange face and 91 criminal charges
😂 the whole economic system is a ponzi scheme
💯❤❤❤❤❤❤❤🙂
That's soon going to crumble....seriously!
Yep, back to the Pre-industrial age soon
Yes, the United States government holds the prize for the longest running, most amount stolen ponzi scheme ever.
Facts
This guy is doing a service for all of us to show how even in our own way, we dig ourselves into a hole
Interesting that for Marc Dreier, the opposite of "something good I've done" is not "something bad I've done," but "something humiliating I've done." In other words, "It's about me being embarrassed because I got caught," not accepting his objectively bad acts as bad.
Drier & Madoff: Smooth criminals
the more money involved the less willingness to ask questions...how telling that is! business staying open without a single customer....
60-minute absolutely one of the best shows ever 😮
He had it all. What do you need a yacht for??? If you have a toilet, a toothbrush and running water you automatically are better off than 2 billion other people. This is ego and envy the cure for which is gratitude.
I wouldn't want a yacht or boat. It's too much money to keep up with.
I also don't like to be on the water too far off from the shore.
And stealing identity, stealing patient records...I've had that happen twice now...😟
All the federal government had to do is start a department of street auditors whose job it is to visit clinics in person. It would cost a mere FRACTION of what it is losing now to fraud.
EXACTLY!!!
They could even hire local law enforcement to do checks in their spare time, to enforce the law, then when questionable activity is found, send a federal auditor.... EASY!
The guy speaks of his crime without shame, guilt or any remorse... He would do it again without thinking about it if he could...
I am nearly impressed about his character!
Classic psychopath. He is.
@@adjustedfatesociopath, psychopaths do not know the difference between right and wrong…. Are too crazy.
ONLY ONE GROUP OF PEOPLE ARE EXTREMELY FAMOUS IN #FINANCIAL_CRIMES #GLOBALLY SINCE 9TH CENTURY 24/7/365
ONLY ONE GROUP OF PEOPLE ARE EXTREMELY FAMOUS IN #FINANCIAL_CRIMES #GLOBALLY SINCE 9TH CENTURY 24/7/365
“The love of money”, add arrogance, entitlement and “never being told no as a child by his mom who is paying the money for his house arrest” and you get this guy and others like him.
I've been saying this for decades!! Why now do they jump on it?🤔
Religion is a means and ways of money laundering.
I am sickened by how easily people are drawn to the flames by the famous faces associated with these traps for the foolish. Those famous faces are paid to provide a cameo appearance and the average person is suckered into a scheme. The more famous faces that are paraded the less likely the business is legitimate.
yeah so true.....it reminds me of the FTX Crypto circus 😂😂😂
Money the root of all evil
@@davidfanai6174Sam Bankman Fried, Bernie Madoff and Mark Drier are all members of the same synagogue.
True but remember mostly good people are this trusting , not greedy like a lot of people believe. Still golden rule is if it’s too good to be true, it usually is.
Not a legitimate way to view the world. That's a very blind, bias, way to look at it.
A better way is to DO YOUR OWN RESEARCH, and then just follow the money. This is the only pure way to evaluate anything that deals with financial health.
Just looking at how famous the endorsers are is ludicrous at best.
“I get the feeling you don’t have many emotions”
“Watch this, I can sniffle.”
No one talks about the biggest ponzi scheme of all...Social Security.
Oh, it's being TALKED ABOUT. Thing is, nothing is being done to FIX it.
Lol you know why 😂
$100 per hour for private jailers.
The people standing guard probably got $20 hr.
But, easy money!
When being Rich, simply isn't good enough! smh
Religion is a means and ways of money laundering.
1. Destroying people’s dreams, taking their last bits of savings. Eternal shame.
2. Medicare 😂what a joke
3. That Dr.Eklund fella should never have another day he enjoys himself.
I was missed diagnosed 9 years ago. Went to the emergency room 3 times and was told I was having an anxiety attack, another doctor told my husband there was absolutely nothing wrong with me, and I needed to start seeing a therapist. Even had one doctor saying i was going through empty nest syndrome because 2 of my children moved out at the same time. A week later, I was being life flight out of the same emergency room from a blood clot in my left lung, left kidney, and aorta. Along with septic shock from an ulcer that perforated stomach. My family was told I probably won't make the 6 minute flight to another that can treat me.
Wow !!!! Sue them!
Thank god your still with us 🙏❤️
You can’t sue after you sign for treatment smh 🤦🏽♀️
Over 30 years ago it cost $50k to Medivac a medical patient from SE Alaska to a Seattle Hospital 🏥
WOW!! How are you feeling today 2023 of October?
This has been a fascinating interview. Thank you 60 minutes!
😯 WOW! These 60-Minutes-Segments about Fraud did answer alot of questions for me. Thanks! & 🤗 Hugs to ya!
My mum told me when a was a young girl ,that money is the root of all evil….I used to smile…….I miss her.
Pride and greed is the root of all evil. Money is neutral. It's a tool just like a hammer
Not having money is also the root of all evil I think......
With the sophistication of American tech, there is no excuse for this easy fraud, unless those on the inside are either involved or directly frauding too
Of course they are. Don't try to get in on their action either.
You know it.
@@kimberlys.t.7206 👏🏼✌🏼
People complain about why they are not being caught, but remember you voted for smaller government so like meat inspectors they don’t have enough enforcement people to catch them!!
Vote blue 💙
Okay if mommy can pay $75,000 a month. Can someone tell me why is this dude so damn greedy?
Because he gave her that money before he got busted.
It’s sad and disappointing that so many people prey on others. It’s crazy that someone would take advantage of people as their job or way of earning.
I have been robbed on my death bed by the only 4 people who were supposed to take care of me.
If ever again, someone take as little as a toothpick from me wi.thout p.ermission, I don't know what will happen next.
People are CRI.MINALS, not just sad and di.sappointing.
@@EEE-jb4zwsorry to hear this. It is sad.
@EEE-jb4zw I know these words could never help but, I pray circumstances improve for you and those involved are held accountable.
Pop l
Llllo lol o
Listening to this and looking that I was denied a 10,000 loan to fix our ac/heating system I’m just sick that people get away with.
Who needs 10k for AC system?. You need to shop around for prices.
Poor guy got house arrest in a $10M penthouse.
he got 20 years in a federal prison
I once was working for a company for several years, before I found out they did something illegal. they got themselves out of it, but it's quite shocking, to realize that you were a unknowingly a party to something illegal, as an employee.
Yes! I discovered I was a main financial backer for illegal drugs being grown in the WW2 NUCLEAR TUNNELS vis my EDF Electrics. EDF gave me multiple accounts for just one meter in one semi. 7+ years later after trying to reconnect my electricity 🔌 to get back onto the GRID, EDF insisted I was showing up as a HMO on a Multi Complex Metering System! When in fact, I did not have any meters in my house as I shut down over 7+ years before EDF - Southern Water & British Gas. I later discovered multi accounts also for each of my three utilities. I removed British Gas first after my boiler died. A year later a team of 3 men from British Gas returned:- 1 DUG up 2 deep holes in front garden - 2nd jumped into hole to do something (mechanical or technical = cyber) 3rd asked to come in with his British Gas Cyber Tablet (Verbatim Quote) "Right now your registering as using a hell of a lot of gas"! I replied:- "Oh No!". "It's a fair cop"! "You've caught me hacking into the GRID"! "Sorry, I'm only living up to my name = InGRID 😭😔
Most employees are clueless to what they're doing... then there are those that are well aware.
Your only as good as the Company you keep, Professionally, Personality, Socially....
@@hotrox2112 Their clients were banks.
But, it's happened before, that a small company forged thousands of signatures, because they lost them. The company is now out of business.
I had hired one of his lawyers a couple of weeks before the scandal was exposed. I went into that building and up to a high floor to meet with my guy, who didn't charge me because I'm a musician and he said "Seeing that an artist doesn't get ripped off is my reward." Next thing I know the building is shut, my guy doesn't work there anymore and this guy is on the front page of every newspaper for fraud, boom. Just so everybody knows not all high-priced lawyers are about the money and nothing else. Some people, though!😮😮😮😮😮😮
Michael Avenatti
What happened to your lawyer? I'm sure they went through a lot too.
Lawyer taking Intrinsic reward alone 😬 yeah that’s a big red flag
I’m a retired Prosecutor and Judge. I earned less per year than this crook paid his underlings. But, I can sleep at night and look myself in the mirror and not see a creep looking back at me. I wonder if this guy thinks all the money he stole and used was worth his prison time.
How can we be so light on white collar crimes? It's seems they take a prison vacay and get out rich through hidden money and live easy living until they die. Ppl will exchange living rich for a couple years in the big brother house. I wish ppl would learn that whatever collar crimes actually ruin ppls lives, and as society as a whole hurts all of us
Greed on both sides is the only way this scheme can flourish
The con game
Who’s next in on the con game?
Greed just pure greed.
Trump been at Trump greedy money 💰 🤑 💸 think they know each other
Or maybe just another one of "The 7 Deadly Sins"
Thank you 60 minutes for reporting on this.
All criminals should be arrested by the police, Prosecuted, Convicted, and given a Life sentence in prison.
What if the criminals are the popo?
“Clearly if I could have gotten out of it, I would.” Clearly you could have told the truth and stopped your scam. Clearly.
Success never feels on the inside how one imagines it feels from the outside. When you let your ego become obsessed with that imagined feeling in your mind, you begin sacrificing your humanity.
That's the trade the Devil gives them. Their humanity and soul for immense wealth and all the luxury that that wealth provides. I'd wager that easily better than half of the individuals in Wall Street firms that make the millions that they make, would choose keeping that money over saving their own mother from a certain death, if given the choice.
Politicians are clearly involved in allowing this to continue
Religion is a means and ways of money laundering.
Yes, absolutely!! They know these unknown facts we all know now after this Medicare fraud exposure. And how to scam it. Disgusting greed!
Ron Desatan, Donald Trump, George W Bush, Ronald Reagan
Biden, Clinton , Obama….
Never enough consequences…Washington is FULL OF CRIMINALS
The sentence he was given is also a huge crime. He deserved a much lengthier sentence. He has no conscience......
There's no oversight because everyone has their paws in the till...
The willingness of people to hand over theirs and other peoples money to an imaginary person to make them rich. People are stupid.
Just imagine of trump supporters still giving money to traitor Trump for his campaign 😂
.
Truly Intelligent people are rarely financially wealthy... They are smart enough to understand that the middle class is the road to the best life. It takes a certain level of ignorance to reach that amount of money. They do say ignorance is bliss 🤷
@@catrashooseriously...look at Biden opened up the border ...can you imagine a country with open borders??...it's insane
The first one - lawyer man - is very interesting as he had it all but admits he got greedy.. If it weren't so awful, his ability to keep all those things going and appear in court and be a good lawyer is amazing - what a waste of a life. He is out in 2026
Well at least he kept it real. Something that most would still be claiming, not guilty, had no clue and or make up some entire story that sounds crazier than what they've done.
Greedy 1% scams another greedy 1%.
White collar crimes where they make millions, hide it, pull a couple years at the pen hotel w free food, then get out and live rest of life rich. I would do it in a heartbeat, but I'm 50 and too honest
Can you imagine the anxiety? I’m too lazy. I love to sleep at night lol
Sounds like this guy worked harder to steal a nickel than he would have to earn a dime. Congrats to him.
When you have that much money, you don't have any friends. Something people don't seem to realize.
It is frustrating that people tend to give more money people who already have it but there’s good reasons for that.
This is the same problem many politicians have once they get to Washington, DC, they become consumed by greed and easy money by either accepting bribes also known as selling access to “donors” and then use that money to illegally do insider stock trading and in doing so they lose all their integrity and morals. It is a real problem and these politicians need to be arrested by the Federal Bureau of Investigation and prosecuted by the DOJ and if those trusted to be put in charge of those law enforcement institutions are also compromised too and doing the same thing they too need to be prosecuted also.
Locked in his penthouse……put him in jail with bubba and Leroy.
Marc Dreier serving his time in his multi-million dollar mansion... It's called TWO-TIERED JUSTICE!
Use Google before screaming two-tiered anything. God damn. He went to a real prison.
Unbelievable, the ego he must of needed to feed!
The good old days of 60 minutes, back when real journalism really existed on ABC, CBS, or NBC.
Lmao, now tell me when this came out
@@Jboooy18
According to the bottom right of the screen, October 2009.
Is it just Medicaid or is it other medical insurance companies also?
Medicaid and Medicare only. The government pays out by law within a limited period of time but other private health insurance providers like Humana or blue cross blue shield would jump on the fraudulent claims like white on rice.
This is such BS. This guy isn’t remorseful. He got caught exercising the entitlement his peers enjoy everyday. Wasn’t thinking clearly… 🤣 Please!!!
Full of criminals & psychopaths in banking, law, & politics.
20 years a slap on the hand .
Thanks for posting entire episode blasts from the past
Welcome to America 😂😂
💛
I once heard a report that the annual budget of the Securities Exchange Commision was only a fraction of the budget of the Dept of Agriculture. I knew right then why white collar crime is so prevalent.
The FBI white collar crime division was mostly raided so everyone could move to Anti-Terrorism after 9/11. So there is no cop on the beat at FBI.
The Agricultural depth seems to be a front. Strange legislations lately.
Lĺlllĺĺ
Those are subsidies to Am. farmers, to manipulate prices at Walmart ( lower for your person ) and to crush overseas competition in food production, most negative effects for African farmers
Yeah right, more money would help, but not in the way you would imagine...
Interesting interview, thank you for exposing all those scams artist ❤
"The more money you ask for, the less questions you are asked". Wow!
After watching this interview. How many other super wealthy are really guilty of a similar fraud as this guy. 🤔
All criminals say this one time and I'm out but they never do get out
I'm having a difficult time getting the funding I applied for for college. I should have asked for billions, sounds like I would have had a better chance.
Thank you 60 Minutes!!
This is when lawyers turn gangster...
What an impressive interview.
I know he did wrong ,but takes a real man to tell the truth ❤
It is better to take many small steps in the right direction than to make a great leap forward only to stumble backward.
"I used a letterhead". Reminds me of the Dave Chappell episode.
I got as far as "the $70,000 monthly fee being paid by his mother" before I threw-up in my mouth. For we mere mortals, its difficult - if not impossible - to imagine what such a life must be... to find any kind of compassion for people such as this. "$70,000 a month." Good Lord!
He could be remanded I jail. He's lucky he has the option, or his mother did.
Dude I’ve done house arrest before and it only cost me $25 for the unit and charging station, plus a monthly fee of like $50… granted I was only being ran up on low level baby felonies but still. This is crazy what company is allowed to operate like that?! I want to start a gps ankle monitoring bussiness and sit back and take all the white collar millionaires the court throws my way :)
Thank God my family had zero expectations for me. Expectations met and exceeded! (I do have one friend from a very different background who is an underachiever but has done amazing things). It's all perspective.
It is amazing how these guys can pull of these big ponzi schemes.