The people behind a funeral syndicate — sentenced to federal prison for defrauding thousands of clients out of more than $450 million — now get a chance at also being famous.
In an episode set to air at 9 p.m. Thursday on CNBC, "American Greed" will focus on National Prearranged Services Inc. of Clayton, a company that a judge described as "an enormous Ponzi scheme.”
The title of the episode is "Six Feet Plunder."
In 2013, six people were sentenced to various prison terms for a variety of frauds, money laundering and conspiracy:
Company owner James "Doug" Cassity, was given more than nine years; his son, Brent Cassity, 46, received five years; chief financial officer Randall K. Sutton, got seven years; lawyer Howard Wittner, was hit with a three-year sentence; and longtime employee Sharon Nekol Province, drew 18 months. The only defendant to go to trial, investment adviser David Wulf, received a 10-year sentence.
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In 2015, a federal court jury awarded $491 million in damages in civil lawsuits connected to the NPS situation.
