Among the world's most wanted are the fugitives accused of white-collar crimes and who have taken the money and run.

Among the world's most wanted are the fugitives accused of white-collar crimes and who have taken the money and run.
Among the world's most wanted are the fugitives accused of white-collar crimes and who have taken the money and run.
  • Financial felonies are the most common charges against some of the world's most wanted fugitives, who often have the resources and intelligence to evade capture.
  • Jho Low, a Malaysian businessman, is accused of using a government-sponsored investment fund, 1MDB, to steal billions of dollars from his country with the help of a U.S. bank. He has vanished.
  • Other white-collar fugitives specialized in mortgage and investment fraud.
The Biggest Theft of All Time? | American Greed

Living in a 7-by-10-foot prison cell can be unappealing to those who are used to traveling by private jet, staying on superyachts, living in mansions, and partying with rock stars.

Financial crimes are considered serious offenses in the United States, with severe sentences for white-collar offenders.

These suspects allegedly opted to use their millions to maintain their luxurious lifestyle underground rather than hiring a high-priced legal team to fight the charges.

The accused: Jho Low

The charges: Conspiracy, money laundering, impersonating a foreign agent

Alleged losses: $4.5 billion

Jho Low, a Malaysian national, is not charged with any ordinary white-collar fraud.

Bill McMurry, a former FBI Supervisory Special Agent, describes it as one of the biggest economic crimes in history.

1MDB, an investment fund in Malaysia, is at the center of allegations that Low is the mastermind behind a plot to steal billions of dollars from the government.

It is claimed that he used a significant portion of the money to fund an extravagant lifestyle, which included $500,000 parties, a $250 million superyacht, and expensive gifts for celebrity friends, including Leonardo DiCaprio, whose film "The Wolf of Wall Street" he helped finance.

The idea for 1MDB was conceived by Low, who presented it to the Malaysian government as a means of funding development and benefiting the Malaysian people, emulating government-owned funds in oil-rich countries such as Saudi Arabia. However, Malaysia lacked the oil wealth to finance its fund, so 1MDB would operate on borrowed money, with much of it obtained through .

At some point, Jho Low proposed that creating a sovereign wealth fund was the key to accessing vast sums of money and influence, according to McMurry on "American Greed."

He deliberately gave himself no formal role at 1MDB, but he clearly pulled the strings and reaped the rewards.

McMurry stated that he bought expensive rare pieces of art in places like New York City and Beverly Hills.

According to prosecutors, 1MDB was a large-scale, international money laundering scheme that did not benefit the Malaysian people.

The uncovering of the scheme sparked a global scandal and a large-scale criminal investigation.

Najib Razak, the Malaysian Prime Minister, was forced to resign due to a scandal and lost his bid for reelection in 2018. In 2020, he was found guilty of corruption and convicted on multiple counts for his role in the scandal. He is currently out on bail while he appeals the conviction.

Goldman Sachs reached a deferred prosecution agreement with the U.S. Department of Justice, which will result in a $2.9 billion payment, in addition to the $3.9 billion settlement with the Malaysian government.

Red Granite Pictures, the producers of "The Wolf of Wall Street," reached a $60 million settlement with U.S. prosecutors, even though they were not charged with any wrongdoing.

DiCaprio, who was not accused of wrongdoing, agreed to forfeit gifts he received from 1MDB and cooperate in the investigation.

In 2019, Jho Low agreed to surrender $700 million in assets to the U.S. government, in addition to the nearly $300 million already seized by authorities.

No trace of Low has been found, despite some reports suggesting he is concealed in Macao, under the protection of a senior Chinese Communist Party official. However, the Chinese government refutes these claims.

In 2020, a federal judge in Washington, D.C., declared him a fugitive.

McMurry stated that the United States will always continue searching for him.

The accused: John and Julieanne Dimitrion

The charges: Conspiracy, wire fraud, money laundering, false statements

Alleged losses: $1.3 million

In July 2010, John and Julieanne Dimitrion, a husband-and-wife mortgage brokers, disappeared before they were to be sentenced in federal court in Honolulu for their guilty plea in a brazen fraud case.

Federal prosecutors claim that over $1 million was stolen from distressed homeowners during the housing crisis.

In the 2012 episode of the CNBC limited series "American Greed: The Fugitives," the Dimitrions were skilled at choosing their targets and timing their attacks.

The Dimitrions, who own Mortgage Alliance, promised to help homeowners in foreclosure by purchasing their homes and repairing their credit. However, instead of investing the proceeds as promised, they kept the money for themselves.

The FBI database lists the Dimitrions as the most-wanted white-collar fugitives, and they used the stolen funds for their own purposes.

The bureau stated that John Dimitrion has expensive tastes in sports cars, clothing, and jewelry. He is an enthusiast for high-end personal electronics and has a large collection of Airsoft replica firearms.

The bureau stated that Julieanne's preferences lean towards expensive lingerie, designer handbags, and shoes.

The couple, having been on the run for over a decade, could be anywhere in the world. Reports suggest that tips have come in from all corners of the globe.

A reward of $10,000 is being offered by the FBI for information that results in their capture.

The accused: Joseph Wayne McCool

The charges: Conspiracy, wire fraud

Alleged losses: $10 million

Despite his name being ideal for an accused white-collar criminal, Joe McCool's charges are heinous.

The Brixon Group, a California-based firm, was operated by McCool and two other men, Cameron Campbell and Donald Manning. The company promised a 10% return per month on investments, which were insured by the State Bar of California, making them risk-free. Additionally, the money would be used to purchase refrigerators for impoverished citizens in war-torn countries in Eastern Europe.

According to a 2006 federal grand jury indictment, it was revealed that the scheme was a classic Ponzi scheme, with no refrigerators, no insurance from the State Bar of California, and no 10% monthly return.

Campbell and Manning were convicted of fraud and conspiracy and were sentenced to time in federal prison, while Joe McCool disappeared without a trace.

The FBI suspects that McCool, who was introduced to investors as a seasoned banking expert with a wealth of experience in Europe, may be residing in the Philippines.

The accused: Victor and Natalia Wolf

The charges: Conspiracy to commit wire fraud

Alleged losses: $20 million

In the early 2000s, real estate in parts of Florida was dirt cheap, making it an attractive investment opportunity for those looking to buy and sell property. However, investors could make even more money if they didn't have to buy the property first before selling it.

Federal prosecutors claimed that Victor and Natalia Wolf, a married couple who owned several development companies, including Sky Development Group, allegedly engaged in a fraud scheme.

The couple, despite being Russian-born but appearing to be German citizens, targeted Russian immigrants with their fraudulent scheme, which prosecutors claimed was diabolically simple. They would create fake ownership documents for properties and use those documents to further their fraudulent activities.

According to a 2011 federal grand jury indictment, they sold property to buyers without their knowledge.

The Wolfs' scheme, which paid for the couple's expensive tastes such as fancy watches and luxury cars including a Bentley and a $325,000 Maybach, was exposed when the housing bubble burst, as detailed in a 2013 episode of "American Greed: The Fugitives."

In January 2011, the Wolfs were indicted by the grand jury, prompting them to flee. A month later, a Florida judge classified them as fugitives.

The couple is suspected to have connections in Florida, Arkansas, Texas, and New York, according to reports. The FBI believes they could be residing in Russia, the agency stated.

Discover how Jho Low allegedly lived lavishly by defrauding his homeland. Find out what happened to him in the latest episode of CNBC's "American Greed," airing Wednesday, Feb. 2 at 10 p.m. ET.

by Scott Cohn

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