The Busted Mogul

American Greed Podcast

CNBC

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

4.6 • 1.9K Ratings

🗓️ 27 December 2022

⏱️ 41 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

Lobsang Dargey, a Tibetan Buddhist Monk, escapes Chinese oppression and claws his way to freedom in the U.S. Uneducated and broke, but rich with ambition, Dargey catapults from odd jobs to real estate development. He collects millions from investors for a Seattle skyscraper, but then violates his Buddhist principles —and the law— by misappropriating $17 million from a U.S. government “green card” program to fund his personal ventures and lavish spending. Now out on parole after three years in federal prison, Dargey has returned to real estate development. (Original airdate 12/20/22)

Transcript

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0:00.0	This is the American Greek podcast presented by CNBC. I'm Stacey Cage.
0:07.0	In this episode of American Read, he was born at the top of the world and the bottom of the ladder.
0:15.0	Love some Darjeep, a poor Buddhist monk from Tibet.
0:20.0	He comes to America with dreams of climbing that ladder and trading his robe for riches.
0:27.0	He was a force of nature. He's a fascinating person.
0:31.0	He marries a woman who can open doors from a family of American sports royalty.
0:37.0	He's engaging, he's unstoppable.
0:40.0	We have a successful project and I've done a really good job on what to thank you.
0:45.0	This dude's doing stuff.
0:47.0	This dude's living the American dream and selling it to wealthy Chinese investors.
0:53.0	A record number of Chinese are looking to get into the United States and they are willing to pay big money to make it happen.
0:59.0	He did something bad.
1:01.0	Crazy.
1:02.0	This was a fraud that was snowballing and just getting bigger and bigger and out of control.
1:07.0	$120 million are on the table and the dreams of 250 immigrant investors are about to go up and smoke.
1:16.0	They would be asked to leave the country immediately. They would be deported.
1:20.0	And when the feds come calling, his own dream becomes a nightmare.
1:25.0	Okay, Abra.
1:27.0	The former monk isn't talking but American greed has the inside story from those who thought they knew him best.
1:35.0	He's a driven person where nothing gets in his way.
1:39.0	If you're asking me, did he need to be stopped? Absolutely.
1:50.0	Don breaks on the upscale Seattle suburb of Bellevue.
	...

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