The $180 Million Ponzi Scheme That Suckered Celebrities

Matthew Cox | Inside True Crime
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Chapters & Sections (386)

0:04 Discussion of Ponzi Scheme and Legal Situation chapter 2
0:04 Ponzi Scheme Details and Losses
0:30 College Rejection and Acceptance to BYU Idaho
1:02 Personal Story of Childhood and Family Dynamics chapter 3
1:02 Mormon Mission and Family Background
1:32 Divorce and Childhood Memories
2:35 Emptied House and Father's Departure
3:07 The Day Dad Left chapter 5
3:07 Learning About the Divorce and Mom's Reaction
3:38 Discovering the Empty House
4:08 Feeling Violated and Devastated
4:41 Reflections on the Experience
5:12 Uncertainty and Concerns About Finances
6:13 Childhood and Family Dynamics chapter 4
6:13 Dad's Time and Child Support
6:44 Financial Situation and College Application
7:15 College Rejection and Decision to Attend Rick's College
8:49 Experience at Rick's College and Mission Call
9:21 Mormon Mission and Financial Concerns chapter 3
9:21 Initial Skepticism about Mission Finances
9:52 Difficulty Affording Mission Expenses
10:23 Practical Challenges of Mission Life
11:26 Mormon Missionary Life and Expectations chapter 1
11:26 Strategies for Success in Mission Work
13:34 Accountability and Measurable Goals in Mission Work chapter
15:08 Post-Mission Life and Career Choices chapter
15:39 Career Development and Success chapter 4
15:39 Finding a Niche in Sales
16:10 Creating Pre-Produced Ads
16:41 Pitching the GM and Selling Ads
17:12 Success and Financial Freedom
18:45 Career Opportunities and Mentorship chapter 3
18:45 Mentor's Job Offer and Salary Discussion
19:17 Hearing Aid Sales Experience and Challenges
20:46 Mormon Bishop's Job Offer and Insurance Agency Discussion
21:47 Initial Job Discussion chapter 1
21:47 Aptitude Test and Job Offer
22:19 Insurance Policy and Career Development chapter 4
22:19 Initial Thoughts on Insurance Policy
22:49 Career Progress and Team Building
23:19 Financial Success and Personal Life
24:23 Family Background and Career Inspiration
24:55 Leadership and Management chapter 5
24:55 Importance of Adaptability and Flexibility in Management
25:25 Motivating People and Building a Strong Team
25:57 Developing Technology to Support Business Growth
26:27 Company Expansion and Success
26:58 Business Growth and Culture
27:59 Discussion on Adding Real Estate Option for Net Worth Clients chapter 5
27:59 Considering Real Estate as an Option for Net Worth Clients
28:30 Finding a Product that Doesn't Require Real Estate License
29:01 Meeting with Developers to Discuss Distribution Channel
29:32 Jerry's Recommendation to Meet with Real Estate Experts
30:34 Initial Impression of Meeting Attendees and Concerns
31:05 Initial Meeting with Potential Partners chapter 4
31:05 Meeting Introduction and Initial Impressions
31:38 Gut Feeling about the Meeting
32:11 Discussion of Potential Partnership and Product Design
33:43 Geography and Location Discussion
34:14 Planning a Trip with Advisors chapter 3
34:14 Initial Discussion and Planning
35:17 Assigning Roles and Responsibilities
35:48 Tour of the Resort and Initial Impressions
37:22 Fractional Real Estate Investment Strategy chapter 5
37:22 Initial Discussion on Fractional Real Estate Investment
37:53 Commission Structure and Business Agreement
38:24 Deal Structure and Commission Payments
38:56 Real Estate Financing and Cash Flow
39:28 Maxum Bungalows Development and Sales Strategy
40:32 Introduction to Construction and Sales chapter 5
40:32 Construction Director Jason's Role
41:04 Residences and Sales Process
41:36 On-Site Office and Team Presence
42:06 Celebrity Involvement and Resort Plans
43:07 Easy Sales Transactions and Dominican Republic Tours
43:38 Concerns about Resort Real Estate and Financial Planning chapter 3
43:38 Importance of Needs Analysis in Financial Planning
44:09 Risks and Limitations of Resort Real Estate Sales
44:39 New Property Acquisition in the Dominican Republic
46:45 Initial Hotel Inspection and Concerns chapter 4
46:45 Concerns about the Hotel's Condition and Safety
47:15 Engineering and Renovation Requirements
47:47 Purchase Price and Financial Details
48:49 Paperwork and Legal Structure for Fractional Ownership
49:53 Greenberg Tarig and the Elliot's Real Estate Ventures chapter 4
49:53 Introduction to Greenberg Tarig and the Elliot's Real Estate Ventures
50:23 Discussion of the Elliots' New Property Acquisition
50:54 Financial Projections and Concerns about the Next Purchase
51:24 Concerns about Derek's Involvement and Fred Elliott's Guidance
53:27 Concerns about Wolio Purchase and Ownership chapter 5
53:27 Jimmy's Role in the Company and Hollywood Involvement
53:59 Alexander's Investment and Concerns about Drek's Attention
54:29 Wolio Project Issues and Uncertainty
55:01 Ownership and Involvement in Wolio
56:04 Conflict and Fear about the Situation
56:35 Lawyer Involvement and Investigation chapter 4
56:35 Initial Lawyer Contact and Concerns
57:06 Discussion of Investigation and Separation
58:09 Guidance from Lawyer and Department of Finance
59:10 Deposition and Investigation Details
59:40 Idaho Department of Finance and Time Share Real Estate chapter 5
59:40 Idaho Department of Finance Deems Time Share Real Estate a Security
1:00:10 Potential Legal Issues and Department of Finance Involvement
1:00:43 Deposition and Legal Representation
1:01:45 Threats of Criminal Charges and Internal Investigation
1:02:16 Perceived FBI-Style Investigation and Overreaction
1:02:48 Investigation and Fines chapter 3
1:02:48 Initial Discussion and Refund Proposal
1:03:52 Fines and Settlement
1:04:54 Refund Process and Disclosure
1:06:32 Financial Disagreements and Greed chapter 5
1:06:32 Financial Disputes and Greed
1:07:03 Unrealized Expectations and Panic
1:07:34 Isolation and Division
1:08:07 Unjustified Expenses and Sliminess
1:09:09 Inconvenience and Delays
1:09:40 Fraud and Legal Concerns chapter 4
1:09:40 Male Fraud and Attorney Involvement
1:10:12 Meeting with Attorneys to Discuss Concerns
1:11:15 Discussion of Idaho Paperwork and Security Considerations
1:12:48 Concerns about Skimming and Ponzi Scheme
1:13:20 Meeting with Russ Marsh, US Attorney chapter 4
1:13:20 Introduction and Request for Sales Materials
1:13:51 Accusation of Criminal Enterprise and Meeting with Agents
1:14:22 Discussion of Seriousness and Responsibility
1:15:24 Comparison to Salesman-Finance Guy Scenario
1:16:27 Discussion of Stopping Sales and Cooperating with Agents chapter 4
1:16:27 Initial Decision to Stop Sales and Cooperate with Agents
1:16:59 Rationale for Not Stopping Sales and Cooperating with Agents
1:17:31 Waiting for Agents to Take Action and Concerns about Disclosure
1:18:34 Lack of Progress with Agents and Concerns about Public Perception
1:19:37 Concerns about missed payment and banking issues chapter 4
1:19:37 Difficulty in paying clients due to banking issues
1:19:39 Decision to Sue in Civil Court
1:20:39 Personal concerns and obligations
1:21:43 Seeking legal action against Pete
1:22:44 Discussion on Canadian Prison System chapter 3
1:22:44 Canadian Prison Sentencing and Treatment
1:23:15 Treaty Transfer and Canadian Prison Conditions
1:24:47 Law Firm Representation and Conflict of Interest
1:25:51 Lawsuit and Representation chapter 4
1:25:51 Retainer Agreements and Representation
1:26:54 Business Venture and Ponzi Scheme
1:27:57 Judge Assignment and Conflict of Interest
1:28:28 Misrepresentation and Mistakes by Sales Team
1:28:59 Sales Company Misrepresentation and Legal Issues chapter 4
1:28:59 Client's Concerns and Misrepresentation Allegations
1:29:29 Document Representation and Legitimacy of Sales Company
1:29:59 Sales Company's Reputation and Misrepresentation Denial
1:30:29 Judge's Ruling and Client Instructions
1:32:34 Financial Struggles and Legal Issues chapter 5
1:32:34 Lawsuits and Attorney Fees
1:33:05 Judicial Referral and Potential Settlement
1:34:08 Criminal Defense Attorney and Global Settlement
1:34:39 Financial Exposure and Asset Protection
1:35:11 Hiring a Lawyer and Evergreen Retainer
1:36:14 Financial Concerns and Marriage Stress chapter 3
1:36:14 Evergreen Retainer and Financial Overwhelm
1:36:46 Marriage Strains and Disappointment
1:37:18 Personal Life and Public Recognition
1:39:22 FBI Investigation and Meeting chapter 3
1:39:22 Initial FBI Meeting and Expectations
1:40:26 Understanding the FBI's Role and Motivations
1:40:57 Setting Up a Meeting with the FBI and Concerns
1:42:28 Investigation and Legal Proceedings chapter 4
1:42:28 Consequences of Being Duped and Investigation by Authorities
1:43:30 Meeting with Attorney and Expectations of Quick Resolution
1:44:00 Discussion with Multiple Authorities and Experts
1:45:03 Gotcha Questions and Defense Against Allegations
1:46:07 Discussion of Board of Advisors and Cards chapter 2
1:46:07 Initial Discussion of Board of Advisors and Cards
1:46:37 Gotcha Moment and Appraisal Discussion
1:47:09 Economic Value and Condo Pricing chapter 2
1:47:09 Law of Economics and Condo Pricing
1:48:13 Meeting with Agent and Investigation Update
1:49:15 Defense Strategy Discussion chapter 3
1:49:15 Initial Concerns and Lack of Understanding
1:50:18 Advice from a Federal Judge's Husband
1:51:21 The Importance of Focusing on Escaping the Situation
1:52:53 Jury Perception and Manipulation chapter 2
1:52:53 Jury's Perception of Wealth Disparity
1:53:25 Manipulating the Jury's Emotions
1:56:01 Investment Scam and Legal Issues chapter 3
1:56:01 Attorney's Warning and Jury Manipulation
1:57:04 Condo Resort Closure and Financial Losses
1:58:06 Indictment and Plea Deal
1:59:08 Accusation and Initial Reaction chapter 4
1:59:08 Government's Case Against James
1:59:40 James' Concerns and Irrationality
2:00:12 Phone Call with Attorney and FBI
2:01:45 Meeting with Family and Wife
2:02:16 Family and Emotional Support chapter 4
2:02:16 Emotional Support for Family and Children
2:02:48 Parallel Universe Situation and Trial Decision
2:03:19 Defending Against Unfair Treatment
2:03:51 Fairness and Negotiation Strategy
2:04:21 Legal Discussion and Strategy chapter 1
2:04:21 Critical Witness and Video Deposition
2:05:22 Government Resistance and Deposition Process chapter 3
2:05:22 Government Resistance to Deposition and Interview
2:06:55 Witness Testimony on Finances and Theft
2:07:57 Interview Conclusion and Trial Decision
2:08:28 Interview with Witness and Trial Decision chapter
2:08:59 Negotiations with David chapter 5
2:08:59 Initial Negotiation and Cap Request
2:09:29 Five-Year Deal Discussion
2:10:02 Prison Acceptance and Mother's Reaction
2:11:06 Confidence in Ability to Serve Time
2:12:08 Final Negotiation and Agreement
2:12:38 Discussion on Statement of Facts chapter 4
2:12:38 Disagreement with Statement of Facts Content
2:13:40 Importance of Taking Responsibility and Telling the Truth
2:14:11 Concerns about Narrative and Truth in Statement of Facts
2:15:13 Email Instructions and Misrepresentation
2:16:16 Discussion of Sentencing and Plea Deal chapter 4
2:16:16 Concerns about Accepting Plea Deal
2:16:47 Judge's Uncomfortable with Plea Deal
2:17:19 Lack of Confidence in Prosecution's Case
2:18:21 Financial Concerns and Risk of Trial
2:19:21 Regret and Emotional Reflection chapter 4
2:19:21 Realizing the Consequences of Not Going to Trial
2:20:25 Emotional Turmoil and Lack of Clarity
2:21:29 Plea Bargaining and Acceptance
2:22:32 Reading the Elocution
2:23:04 Apologizing to Victims and Discussing Past Actions chapter 5
2:23:04 Apologizing to Victims and Discussing Past Actions
2:23:35 Family Home and Civil Litigation Settlement
2:24:06 Personal Growth and Reflections on Prison Experience
2:24:37 Positive Aspects of Prison Experience and Friendships
2:25:08 Coaching and Helping Others Overcome Shame and Guilt
2:26:40 Judge's Unusual Behavior chapter 4
2:26:40 Judge's Shocking Sentence and Reaction
2:28:16 Judge's Irritation and Mouth-Off to Defendant's Representative
2:28:46 Judge's Clerk's Call and Resentencing
2:29:47 Judge's Limitations and Appeal Opportunity
2:30:19 Discussion of Jurisdiction and Appeal chapter 4
2:30:19 Jurisdiction and Case Denial
2:30:51 Appeal Process and Negotiation
2:31:21 Precedent and Judge's Decision
2:32:54 Government Control and Grand Jury Process
2:33:26 Grand Jury System Critique chapter 4
2:33:26 Unfairness of Grand Jury System and Lack of Defendant Representation
2:35:00 Juror's Limited Understanding of the Case
2:35:30 Lack of Information and Misconceptions about Sentencing
2:36:01 Personal Experience with the Justice System
2:36:32 Arrest and Incarceration Experience chapter 4
2:36:32 Comparing Arrest Experiences and Treatment by Authorities
2:37:03 Negative Experience with Correction Officers
2:38:05 Feeling Disillusioned by Authorities' Behavior
2:39:06 Corruption and Preferential Treatment in Prison
2:39:38 Inmate Life and Contraband chapter 4
2:39:38 Inmate Legal Boxes and Contraband
2:40:41 Phones in Prison and Surveillance
2:41:12 Inmate Scams and Internet Access
2:42:15 Mortgage Fraud and Financial Schemes
2:42:45 Discussion of Criminal Behavior and Risk Assessment chapter 5
2:42:45 Using Synthetic Identities and Homeless People's IDs for Criminal Activity
2:43:16 Avoiding Risks and Eliminating Chances of Getting Caught
2:43:49 Becoming Emboldened and Brazen After Getting Away with Crimes
2:44:19 Convincing Authorities and Lawyers to Drop Charges
2:44:50 Willingness to Continue Criminal Behavior Despite Being Caught
2:45:52 Discussion on Women's Involvement in Trouble chapter 4
2:45:52 The Connection Between Women and Trouble
2:46:55 Thoughts on Personal Responsibility and Choice
2:47:27 The Role of Becky's Lawyer in the Situation
2:48:28 America's Most Wanted and Nonviolent Crimes
2:48:59 Fraudulent Mortgage Practices chapter 3
2:48:59 Satisfying Loans with Fake Documents
2:49:30 Consequences of Fraudulent Mortgage Practices
2:50:02 Title Insurance Company Profits and Incentives
2:52:07 Discussion on Tax Fraud chapter 2
2:52:07 Rise of Tax Fraud and Its Impact
2:53:08 Prison Experience and Camp Management
2:55:12 Meeting with Jack and discussing lawyer chapter 4
2:55:12 Jack's reassurance and prison mention
2:55:43 Defending oneself and Taft prison
2:56:45 Prison contract and MTC company owner
2:57:17 First week in prison and Camp control
2:58:50 Arrival at the Facility and Initial Conversation chapter 3
2:58:50 Arrival and Introduction to the Warden's Sister
2:59:21 Discussion of a Visitor and Meeting Request
3:00:55 Conversation about Laundry and Food Issues
3:01:56 Arrival at Camp Control and Meeting the Warden chapter
3:01:56 Walking to the Warden's Office and Observations chapter 2
3:01:56 Initial Introduction and Conversation with the Warden
3:03:30 Fixing Issues in the Warehouse and Installing Digital TVs
3:05:02 Islanders' TV Issues and Digital Solution chapter 5
3:05:02 TV Issues and Remote Control
3:05:33 Warehouse Inventory and Microwaves
3:06:05 Inmate Warehouse Access and Misinformation
3:07:09 Digital TV Solution for Islanders and Pisa Group
3:07:39 Credibility and Rumors in Federal Facilities
3:08:11 Establishing Credibility and Trust chapter 3
3:08:11 Verification of Information and Credibility
3:09:14 Respect in Prison Culture
3:09:44 The Outspoken Team and Storytelling
3:11:17 Discussion about Writing Emails and Group Dynamics chapter 2
3:11:17 Request for Writing Emails and Group Dynamics
3:12:20 Personal Interaction and Disagreement
3:12:50 Conflict Escalation and Personal Interaction chapter 2
3:12:50 Conflict Escalation and Physical Interaction
3:13:53 Strategy for De-escalating Conflict
3:14:23 Conflict Resolution chapter 4
3:14:23 Addressing Misunderstanding and Respect
3:14:55 Clarifying the Issue
3:15:27 Learning from Mistakes and Apologizing
3:16:28 Avoiding Conflict Escalation
3:17:29 Police, Snitching, and Prison Environment chapter 3
3:17:29 Police and Snitching
3:18:31 Prison Environment and Politics
3:19:02 Life in Prison
3:20:04 Conversations about a friend with Asperger's and his abilities chapter 4
3:20:04 Introduction to the friend and his exceptional abilities
3:20:34 Discussion of the friend's reading habits and language skills
3:21:38 The friend's social awkwardness and isolation
3:22:41 Conflict with a person named Jay, suspected of being a snitch
3:23:44 Food Distribution and Economic System chapter 4
3:23:44 Reporting Food Issues and Economic Impact
3:24:48 Consequences of Reporting Food Issues
3:25:18 Prison Economic System and Corruption
3:26:53 Advice on Keeping Quiet in the Prison
3:27:25 Food Sabotage and Consequences chapter 5
3:27:25 Garbage Can Full of Food and Misunderstanding
3:27:56 Sabotage Plan and Tormenting the Individual
3:28:27 Rolling Up and Avoiding Consequences
3:28:59 Warning Jay About the Situation
3:30:03 Jay's Reluctance to Leave and Concerns for His Wife
3:30:35 Concerns and Frustrations with Prison Life chapter 6
3:30:35 Seeking Assurance and Understanding
3:31:07 Impulse to Fix Wrong and Interference with Experience
3:31:38 Dealing with Chino and Bad Dudes
3:32:09 Willingness to Take Abuse for the Sake of Family
3:32:39 Brilliant Legal Mind and Fixing System Issues
3:32:41 Communication and Confrontation with the Guy
3:33:41 Prison Transfer and Communication chapter 3
3:33:41 Risk Assessment and Decision-Making
3:34:13 Jay's Experience and Advocacy
3:34:43 Corone's Involvement and Communication
3:36:49 Discussion about Asbergers and Edward Norton chapter 3
3:36:49 Asbergers diagnosis and Edward Norton speech
3:37:20 Comical moments with Asbergers
3:38:23 Criminal conduct and diet Clinic
3:39:59 Corone's Financial Issues and Legal Troubles chapter 6
3:39:59 Bank Accounts Closed Due to Large Cash Deposits
3:40:29 Corone's Behavior and Treatment by Staff
3:40:59 Money Laundering Charges and Sentencing
3:41:31 Corone's Personality and Interactions with Others
3:42:01 Corone's Financial Mistakes and Lack of Judgment
3:42:33 Prison Life and Personal Growth
3:43:05 Prison Life and Interactions with Guards chapter 4
3:43:05 Respect and Manners in Prison
3:43:35 Avoiding Interaction with Guards
3:44:06 Trust and Informants in Prison
3:45:37 Prison Stories and Experiences
3:46:10 Receiving Unexpected Shoes chapter 3
3:46:10 Receiving the Shoes and Initial Reaction
3:47:13 Discussion of Comfort and Practicality
3:47:43 Meeting the New Cellmate and Selling Shoes
3:49:17 Prison Life Experiences chapter 3
3:49:17 Finding Stolen Goods and Runners
3:50:22 Prison Knowledge and Life in the Camp
3:51:23 Release from Prison and Experience with Trump's First Step Act
3:52:28 Counselor's Suggestion and Reaction chapter 2
3:52:28 Counselor's Sentence Adjustment and Reaction
3:53:32 Discussion of Early Release and Savings
3:54:02 Halfway House Visit and Unexpected Turn chapter 2
3:54:02 Ankle Monitor and Life Update
3:54:34 Suspicious Halfway House Visit
3:55:05 Arrival at Halfway House and Initial Discussion chapter 3
3:55:05 Arrival and Initial Conversation with Staff
3:56:10 Tour of Living Quarters and Meeting Fellow Residents
3:56:41 Discussion with Fellow Resident 'Super Glue'
3:58:16 Argument with Counselor and BOP Representative chapter 3
3:58:16 Initial Violation Discussion and Authorization Issues
3:59:18 Additional Violations and BOP Requirements
4:00:52 Request for Meeting with Director and Concerns about Situation
4:01:23 Discussion about Bop and Custody chapter 4
4:01:23 Concerns about Bop and Communication
4:01:54 Custody and Paperwork Issues
4:02:25 Unacceptable Situation and Demands
4:03:58 Follow-up on Custody and Integration
4:04:30 Overcoming Challenges with a Patient Boss chapter 4
4:04:30 Initial Situation and Good News
4:05:31 Follow-up Discussion and Release
4:06:02 Advice on Paperwork and Halfway House
4:07:04 Conclusion and Future Plans

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