Preaching Pyramid Schemes

American Greed Podcast

CNBC

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

4.6 • 1.9K Ratings

🗓️ 21 February 2023

⏱️ 41 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

Reality show couple Marlon and LaShonda Moore are accused of exploiting vulnerable people during the pandemic and convinced thousands of their fans to invest in their illegal gifting pyramid scheme “Blessings in No Time,” aka “BINT.” Preaching BINT investment returns of 800 percent, regulators claim the Moore’s “blessed” themselves to the tune of tens of millions of dollars, while most BINT members are losing money at a time they can least afford it. (Original air date 2/14/23)

Transcript

Click on a timestamp to play from that location

0:00.0	This is the American Greek podcast presented by CNBC. I'm Stacey Kitch.
0:07.0	In this episode of American Greek, a reality TV couple has a real life come down when
0:15.0	they are accused of scamming thousands of unsuspecting victims.
0:19.0	The couple is accused of luring people with false promises.
0:23.0	They wanted to be a celebrity couple.
0:25.0	Lashonda and Marlon Moore say they want to help African-American communities build generational wealth.
0:33.0	They call it a affinity fraud.
0:35.0	$33 million circulating.
0:37.0	They use religion.
0:38.0	We are two God-fearing individuals.
0:42.0	They know the buzzwords, building black, wow, blessings.
0:47.0	More people are going to continue to be blessed out.
0:50.0	The Moors use Zoom and other video platforms to sell their schemes.
0:55.0	And recruit members nationwide for their online investment community called Blessings in No Time, aka Bit.
1:04.0	What's up, BitFamily?
1:05.0	What's up, BitFamily?
1:06.0	They created this blessings circle under the guise of blessings for black people.
1:13.0	The Moors preach rapid bit returns of biblical proportions and a money-back guarantee.
1:20.0	This is a very confusing and convoluted structure.
1:24.0	The FTC says Bit is an old school fraud.
1:28.0	Greed is like the venom of a snake.
1:31.0	With a modern spin that the Moors hype as totally legit.
	...

Please login to see the full transcript.

Previous episode | Next episode

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.