The popular CNBC show “American Greed” turns its attention to John Rogers in a new episode set to air Monday, October 1.
Rogers, a former card shop owner turned photo archivist, was sentenced to a lengthy prison term earlier this year after admitting that he conducted a long-running fraud scheme using forged documents and phony sports memorabilia, including a doctored Heisman Trophy and fake baseball cards that he used as collateral on loans.
In order to obtain money from investors, Rogers falsely represented that he had secured contracts to purchase collections of sports memorabilia and newspaper photograph archives his company would sell at a profit, according to the plea agreement. Rogers showed the investors contracts for collections and archives even though he knew the deals never actually existed because the contracts were forgeries that Rogers created to deceive them.
Rogers also admitted that he sold various items he knew were not authentic because he had either created the item himself or altered them.
Other fraudulent contracts and fake sports memorabilia were used to secure millions of dollars in loans from multiple financial institutions in Arkansas. He admitted to using used fraud proceeds he received from investors and financial institutions to repay customers who detected his sale of the fake goods. Rogers provided customers with fraudulent certificates of authenticity, as well as fraudulent hologram stickers.
You can watch three clips from American Greed below. The show airs Monday night at 10 PM Eastern and Pacific; 9 PM Central.
Scams on Film from CNBC.
Bogus Memory Merchant from CNBC.
Rogers Fouls Out, Making Off with a Slugger’s Valuable Bat from CNBC.
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