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Stuff They Don't Want You To Know

Introducing: Kingdom of Fraud

Stuff They Don't Want You To Know

iHeartPodcasts

Society & Culture

4.211K Ratings

🗓️ 16 May 2026

⏱️ 2 minutes

🧾️ Download transcript

Summary

It’s the unlikeliest of criminal partnerships: a devout polygamist from an insular Utah sect joining forces with a shadowy Armenian tycoon from LA. The result - a billion dollar fraud conspiracy. In Kingdom of Fraud, investigative reporter Michele McPhee traces the origins of the extraordinary alliance between Jacob Kingston and Levon Termendzhyan. Together, the two men trigger the largest tax investigation in American history and weave around themselves a web of dirty cops, influential political relationships and transnational money laundering. All this is set against the backdrop of Jacob Kingston’s clan – The Order. A powerful and secretive polygamist organization in Salt Lake City. To whom Jacob is desperate to prove his worth. Kingdom of Fraud is produced by Novel for iHeart Podcasts.

Listen here and subscribe to Kingdom of Fraud on the iHeartRadio app or wherever you get your podcasts!

They don't want you to read our book.: https://static.macmillan.com/static/fib/stuff-you-should-read/

See omnystudio.com/listener for privacy information.

Transcript

Click on a timestamp to play from that location

0:00.0

How does this member of a polygamous organization in Utah who earnestly started a business,

0:09.3

how do you go from there to Gold Ferraris, private jets, meeting the president of Turkey?

0:17.8

I'm Michelle McPhee. I'm an investigative journalist who's worked the crime and corruption beat for decades.

0:24.5

But in all my years reporting, this must be the strangest conspiracy I've ever come across.

0:30.9

We were God's chosen kingdom on earth.

0:33.9

There's Jacob, an oddball, even within his isolated polygamist community.

0:39.3

He was so socially awkward.

0:42.0

In Levant, a swaggering Armenian businessman with an eye for a deal.

0:48.0

He has a very scarface persona.

0:51.5

Together, they'd cook up a truly audacious fraud, an empire entirely built on lives.

0:58.5

We found another bank account, and another bank account, millions and millions of dollars

1:03.9

stolen from the United States Treasury. Soon, Jacob would find himself far from the quiet plains of Utah in a dangerous new world.

1:15.7

Seduced by this lifestyle.

1:17.6

Trips, money, big house, nice cars.

1:21.2

This is a story of con men and crooked cops.

1:24.9

Paranoia and revenge.

1:26.3

It was a scene out of a Hollywood movie.

1:30.4

And at the heart of it, an unlikely partnership.

1:35.2

Two men from entirely different worlds,

1:38.1

united by an ambition to get filthy rich.

1:45.0

But there's a reason empires don't have two kings.

1:49.9

Jacob told Levan, you're ruining my life.

...

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