Next Stop, Fraud | The Case of Frederick Darren Berg

Oh My Fraud

We all have childhood dreams. Not all of us get to make them come true. In this episode, Caleb and Greg discuss the story of Frederick Darren Berg, who as a boy, developed a fascination with buses, and made them central to multiple ventures in his career.

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Greg Kyte, CPA
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Sources:

• Darren Berg on the Run: Inside the Biggest Ponzi Scheme in Washington State History [Seattle Met]
• Financial empire, luxurious lifestyle were built on a mirage [Seattle Times]
• After spending spree, a reckoning for man behind state’s biggest Ponzi scheme [SeattlePI]
• Berg often portrayed himself as a lawyer [Seattle Times]
• Mercer Island Man Arrested for Ponzi Scheme and Bankruptcy Fraud Darren Berg Defrauded Investors and Allegedly Tried to Hide Assets During Bankruptcy [FBI]
• Mercer Island Man Sentenced to 18 Years in Prison for Ponzi Scheme and Bankruptcy Fraud [FBI]
• American Greed: ‘Seattle Roasted’ [American Greed]
• Inmate who defrauded investors more than $100 million escapes Atwater prison [Merced Sun-Star]
• Prison escape of Darren Berg, Washington’s ‘Mini Madoff,’ is like ‘Shawshank Redemption,’ official says [Seattle Times]
• Washington man who escaped prison following $100M Ponzi scheme possibly went to Brazil [AP]
• Darren Berg: A Ponzi Scheme Mastermind Escapes: Part 1 [The Perfect Scam]
• Darren Berg: A Ponzi Scheme Mastermind Escapes: Part 2 [The Perfect Scam]