Magick Money: Greed Goblin Dawn Bennett

True Crime Campfire

True Crime, History, Society & Culture

4.7 • 1.6K Ratings

🗓️ 12 August 2022

⏱️ 44 minutes

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Summary

I read a book once about the inner workings of Wall Street. I don’t really like to talk about it—I still get a little nauseous when I think about it. Yechh. One of the most memorable bits, though, was an interview with an investment banker who said, with a total lack of irony, “What good does it do me to make ten million if the guy down the hall is making twenty?” When the author said, “Well…okay, but when is it enough?” the guy looked at him like he’d just grown a second head. “Enough? It’s never enough.” That right there, campers, is the engine that drives some of the worst stuff in the world. And there’s no shortage of assholes in the clown car—some of whom are more than willing to resort to fraud to get there. Join us for the story of Dawn Bennett, a woman who rose to fame as one of the "best" financial advisors in the country, then crashed and burned spectacularly, despite her efforts to put curses on the SEC agents coming after her for fraud. Yeah, you read that right: Curses. Sources:CNBC's "American Greed," episode "The Luxury Curse Scam"https://www.cbsnews.com/news/dawn-bennett-ponzi-scheme-suspect-paid-720k-for-prayers-by-hindu-priests-in-india/https://www.forbes.com/sites/sarahhansen/2019/10/04/when-a-financial-advisor-turned-to-hoodoo-spells/?sh=514afa3146bbhttps://www.washingtonpost.com/business/capitalbusiness/dj-bennett-brings-luxury-to-sporting-goods/2012/12/23/3c9a365e-43cc-11e2-8061-253bccfc7532_story.htmlhttps://www.justice.gov/usao-md/pr/former-financial-advisor-sentenced-20-years-federal-prison-her-conviction-17-federalhttps://www.baltimoresun.com/news/crime/bs-md-cr-maryland-investment-adviser-sentenced-0801-20190801-ueewer72wnglvdpwimudumebje-story.htmlhttps://www.sec.gov/alj/aljdec/2016/id1033jeg.pdfhttps://www.sec.gov/litigation/complaints/2017/comp23922.pdfhttps://www.cnbc.com/2020/02/07/how-to-find-a-financial-advisor-who-wont-make-your-money-disappear.htmlFollow us, campers!Patreon (join to get all episodes ad-free, at least a day early, an extra episode a month, and a free sticker!): https://patreon.com/TrueCrimeCampfireFacebook: True Crime CampfireInstagram: https://gramha.net/profile/truecrimecampfire/19093397079Twitter: @TCCampfire https://twitter.com/TCCampfireEmail: truecrimecampfirepod@gmail.comMERCH! https://true-crime-campfire.myspreadshop.com/Become a supporter of this podcast: Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0	Hello campers, grab your marshmallows and gather around the true crime campfire.
0:04.9	Wear your camp counselors, I'm Katie, and I'm Whitney.
0:08.4	And we're here to tell you a true story that is way stranger than fiction, or roasting
0:12.5	murderers and marshmallows around the true crime campfire.
0:16.3	I read a book once about the inner workings of Wall Street.
0:25.5	I don't really like to talk about it.
0:27.2	I still get little nauseous when I think about it, actually.
0:30.9	One of the most memorable bits, though, was an interview with an investment banker who
0:34.3	said with a total lack of irony, what good does it do me to make 10 million if the guy
0:39.0	down the hall is making 20?
0:41.3	When the author said, well, okay, but when is it enough?
0:44.2	The guy looked at him like he'd just grown a second head.
0:47.3	Enough.
0:48.3	It's never enough.
0:50.3	That right there campers is the engine that drives some of the worst stuff in the world.
0:54.6	And there's no shortage of assholes in the clown car.
0:57.2	And some of whom are more than willing to resort to fraud to get there.
1:00.6	This is Magic Money, Greed Goblin Dawn Bennett.
1:18.7	So campers, for this one, we're in Chevy Chase, Maryland, a neighborhood right on the edge
1:22.8	of Washington, D.C., and located at the intersection of Hoiti and Toiti, by which I mean its
1:28.6	fancy pants.
1:30.4	On August 2, 2017, FBI agents rated two luxurious penthouse condos belonging to Financial Advisor
	...

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