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American Greed Podcast

Kevin Trudeau's Secrets; Remington Steal

American Greed Podcast

CNBC

True Crime, Documentary, Tv & Film, Society & Culture

4.61.9K Ratings

🗓️ 23 August 2022

⏱️ 40 minutes

🧾️ Download transcript

Summary

When the FTC fines Infomercial kingpin Kevin Trudeau $37.6 million for all of his get-rich-quick schemes, Trudeau hatches his most shameless scheme by claiming he's flat broke; Remington Financial Group's nightmare "advance fee" scam has cost small business owners their dreams and millions of dollars. (Original television broadcast: 7-10-2015) Want to binge watch your Greed? The latest episodes at: https://www.cnbc.com/american-greed/

Transcript

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0:00.0

This is the American Greek podcast presented by CNBC. I'm Stacey Keech.

0:10.0

In this episode of American Greed.

0:12.0

I lost 45 pounds in six weeks. The money is given to you by the government. You never have to pay it back.

0:19.0

There are natural cures for virtually every disease out there.

0:24.0

Fat ball broke. Kevin Trudeau will make you rich then beautiful.

0:29.0

This book is a $29 value. I'm going to throw this one in. Absolutely free.

0:34.0

Trudeau sells cures for whatever Asia. And he takes in hundreds of millions of dollars.

0:40.0

But when the US government accused his Kevin Trudeau of selling lies, he's a serial scammer.

0:45.0

And that one scam tends to lead to the next.

0:49.0

He dares the feds to shut him down.

0:51.0

Do you want to put me in jail? Let's go to court, baby.

0:54.0

And later need money. Remington Financial Groups and Drew Bogdanov can set anyone up with a loan for a price.

1:01.0

Whether you need a million dollars, three million dollars, nine hundred and ninety nine million dollars, it didn't matter.

1:06.0

It's making him millions. But most clients get nothing.

1:10.0

There was no way that once you got it and snared in the Remington net, you were going to get out.

1:17.0

If you're watching right now, this is the book. This is not a diet. This is a cure.

1:26.0

There are, in fact, natural non-drug and non-surgical ways to preventing cure virtually every disease.

1:32.0

Kevin Trudeau, for two decades, he's a charismatic salesman, hawking self-help products to millions across the country.

1:41.0

It's just this huge cult mentality. I mean, he became like a zombie. Just focused on what Kevin had to say.

1:47.0

And that's how I got sucked into it.

1:49.0

29-year-old Kansas City native Abe, who's saying once the life Trudeau's selling.

1:54.0

To get it, he's bought the products and cheered in the audience, opening his wallet again and again.

...

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