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Resource ID: #18886
Subject: Fraud
Source: CBS News 48 Hours
Affiliation: 
Date: January 1, 2001

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Description

CBS investigates the new age version of the classic pyramid scheme and how it is effecting many Americans. By relying on thousands of "spam" emails a day, the Institute for Global Prosperity (IGP) exploited millions of people by promising riches by exposing the secrets of the wealthy and the ways that the government keeps people poor. CBS also found that IGP was hosting seminars in Mexico where people pay up to $6000 to buy into offshore investment schemes and ways of avoiding tax laws. CBS went undercover with a hidden camera to IGP seminars to uncover the fraud.

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