Phony Phone Calls / Heavy Metal Fraud

S1 E5: Phony Phone Calls - In the late 1990s, Slobodan Lunic is owner and operator of Pay Tel, a Chicago-based company that offers investors an opportunity to purchase payphones. Investors are told they will receive monthly interest payments exceeding 12% of their investment. Lunic and partner Scott Holmberg pitch this incredible opportunity to investment advisors across the country, taking in thousands of investors and collecting nearly $40 million. Heavy Metal Fraud - In 2008 Luis Ferreira is running a South Florida precious metal brokerage called Spyker Consulting. The struggling economy’s stock market losses are Ferreira’s gain, as more and more people are looking for alternative investments, like gold. Ferreira promises his clients their money is safe in the shares of metals they own. But behind the façade of a successful business is a fraudulent telemarketing scam run by a former convict preying on desperate investors.