Cover art for podcast The Perfect Scam

The Perfect Scam

113 EpisodesProduced by AARPWebsite

AARP’s weekly podcast The Perfect ScamSM tells the stories of people who find themselves the target of a scam. Host Bob Sullivan introduces listeners to those who have experienced scams firsthand, as well as professional con artists and leading experts who pull back the curtain on how scammers opera… read more

36:32

Darren Berg: A Ponzi Scheme Mastermind Escapes: Part 2

Darren Berg’s crimes are catching up to him. Through his company the Meridian Group, Berg has been operating Washington state’s largest Ponzi scheme, defrauding investors of more than $100 million. The FBI, the U.S. attorney’s office and the IRS are all on the case, combing through Meridian’s financial records. People like best-selling author J.A. Jance, who invested a half-million dollars with Berg on the recommendation of her financial adviser, are realizing they may never see their retirement savings again. Other investors who have already retired are grappling with the fact that they may lose their homes as a result of Berg’s crimes. Darren Berg is charged with nine counts of wire fraud and one count of money laundering. Considered a flight risk, he’s remanded to custody. Berg claims to be cooperating with authorities, but they aren’t sure he’s being truthful. They think he might be hiding funds and planning an escape, and what happens next proves their suspicions.

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