meta_pixel
Tapesearch Logo
Log in
American Greed Podcast

Medical Gloves with Holes

American Greed Podcast

CNBC

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

4.61.9K Ratings

🗓️ 18 June 2024

⏱️ 41 minutes

🧾️ Download transcript

Summary

A fraudster in promises to build a medical glove factory and steals millions from investors. (Original air date: 8/18/2016)

Transcript

Click on a timestamp to play from that location

0:00.0

This is the American Greed Podcast presented by

0:02.8

C and B.C. I'm Stacy Kich.

0:08.3

In this episode of American Greed,

0:11.3

DePaul Wanna Kawadii enjoys a life of success

0:15.6

thanks to his medical glove importing empire.

0:20.1

Now he wants to go bigger, hiring American workers.

0:24.0

175 jobs.

0:26.0

It was like almost the answer to our prayers.

0:28.0

But his enterprise is built on false promises

0:32.0

and propped up by an astonishing $230 million of other people's money.

0:38.8

He was a skilled manipulator and a gifted con man and he would use anything, rip anything from the headlines to

0:45.3

to kind of add to his story. And nothing will stop his compulsion for cash, not

0:51.6

an FBI raid, not even a jail cell.

0:55.0

The man was still a financial danger when he was locked up in jail.

0:59.0

But when everything looks so real, could the biggest lie he's telling be the one he tells himself?

1:05.4

If some of the truth came out just gets the bad things that I did I might have had a better

1:10.3

chance. I think he believed his own BS and somehow felt this was all going to have a happy ending. Oh, Hello, you have a prepaid call from the Paul, you want a coyote. An inmate at Sacramento County Jail.

1:45.0

Hi, mom.

1:47.0

I agree, but I'm doing fine.

1:50.0

I got the 20 years, I only had to serve 10.

1:55.0

On the day of his sentencing,

1:58.0

for one of the biggest Khan Sacramento has ever seen,

...

Please login to see the full transcript.

Disclaimer: The podcast and artwork embedded on this page are from CNBC, and are the property of its owner and not affiliated with or endorsed by Tapesearch.

Generated transcripts are the property of CNBC and are distributed freely under the Fair Use doctrine. Transcripts generated by Tapesearch are not guaranteed to be accurate.

Copyright © Tapesearch 2025.