Billion-dollar fraud and Ponzi schemes | 60 Minutes Full Episodes

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Published 2023-10-07
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

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0:00 Introduction
0:11 The Swindler
13:27 Medicare fraud
27:26 Stem Cell Fraud
43:44 Pigeon Fever

All Comments (21)
  • @kgraham5820
    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!
  • @moreofawave
    "Something went off the tracks"...yeah, it's called greed.
  • @scott331
    They need to investigate every Clinic in Miami! The amount of corruption is ridiculous
  • @therealgeoffm
    If that paper shredder could talk it would be worth a lot more than $25 🤣
  • so make a million dollars, go to jail for 4 years and done? that sounds like a better retirement plan that most gets
  • @Mark-vx5xm
    "Lack of resources" to investigate fraud. What a mind boggling statement.
  • @nitac.9444
    Insurance companies need to be investigated
  • @genmanion2389
    my nerves would be shot if i ever did something even close to this. not to mention the guilt
  • @loris6413
    This is so hard to watch. These are the monsters who have ruined our country. NO forgiveness!
  • @AJ-sr3hl
    This is a man who thought everyone was stupid, but him. Unbelievable!
  • "I did something foolish" spoken like a true psychopath! He is only sorry for himself and the fact he got caught.
  • @dranoa9326
    Crazy. Not easy to get medicare to help mom get mobility scooter but others can get millions. Smh
  • 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.
  • @CJScrol
    This guy thinks if he admits his crimes, all will be forgiven.
  • @lindalb9519
    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 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 😂
  • @rogerward9492
    It amazes me that someone can get 100 million dollars from a letter heading, and the lenders never got it checked out.
  • @freesparks1931
    It always seem to boil down to one question, "How much is enough"? Power always seems to be the underlying cause.