This is the American Greed podcast presented by CNBC. I'm Stacey Keach.

In this episode of American Greed,

Lieutenant Joseph Glenowitz is a small-town cop gunned down in the line of duty.

It was real scary. Things like that don't happen in Foxxite.

As police search for three suspects, the community mourns the loss of a leader.

Everybody who knew Joe just loved him and adored him.

There were tons of little kids holding signs with his picture on it. They looked up to him as a hero.

Everybody did.

But when the investigation hits a dead end, all eyes turned at the officer himself and the youth group he runs.

Go and there you go!

It's supposed to develop the next generation of cops, but has G.I. Joe, as he's known, lost his moral compass?

Is this hero merely enriching himself?

The lieutenant is a Jekyll and Hyde.

Who could have foretold that this was going to happen?

That he would hatch this kind of scheme. And how far would he go? And Hide. Who could have foretold that this was going to happen?

That he would hatch this kind of scheme.

And how far would he go to protect his image?

It's one thing to steal money.

It's another thing to cheat on your wife.

It's another thing to September 1st, 2015, in Fox Lake, Illinois.

Summer is winding down in this sleepy town on the outskirts of the Chicago suburbs.

Lieutenant Joseph Glenowitz is driving into the Fox Lake Police Department to start his daily shift.

...