Friends Without Benefits
American Greed · Season 9 · Episode 14
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 money to pay returns. 30,000 people get caught in the $1.25 billion ponzi scheme.
Episode Details
Air date, runtime, timezone, and episode position.
Season
9
Episode
14
Air Date
23/Oct/2015
Air Time
22:00
Runtime
43 min
Overview
Episode 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 money to pay returns. 30,000 people get caught in the $1.25 billion ponzi scheme.
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