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

In this episode of American Greed, Dr. Farid Fata tells his patients they have cancer,

and he holds the keys to their survival. Fata would say that he had better equipment, that he had medicines others didn't have.

But after pumping people full of chemo for years, Fara has a secret.

Many of his trusting patients don't even have the disease.

That's when they hit me, like, two and a half years of the treatments treatment I didn't need. The dangerous infusions father provides serve only one purpose, making him millions of dollars.

For him, it was all about the bottom line.

How much time can I put the person in the chair?

How many doses of different drugs can I give this person?

Robert Soberay is a former auto worker from Milford, Michigan, about an hour outside Detroit. After suffering from back problems, his doctors suspect something serious, and refers him in 2010 to a well-known cancer specialist named Dr. Farid Fada.

Right away, Fada orders a painful bone marrow biopsy.

Then he gives Sobore the news every patient fears.

He has cancer.

Your mind goes blank and all you can think about is what's most important to you, you know,

to me as my wife, so next to me, and I just held her, I didn't know what to do.

Being diagnosed with cancer is a frightening experience.

Hi, I am Dr. Farid Fara with Michigan Hematology

Born in Lebanon, Farid Fada comes to the U.S. in the 1990s,

where he lands a prestigious fellowship.

Catherine Dick is a trial attorney for the Department of Justice.

Fata had excellent credentials.

He had gone to medical school in Lebanon, but he had trained at Sloan Kettering in New York,

...