The FBI has captured one of its most-wanted white collar criminals thanks to a recent episode of CNBC’s “American Greed.”
David Kaup, who has been on the run since he confessed to defrauding more than 50 families of $11 million in mortgage refinance scams, was arrested last week in Las Vegas. Kaup was featured on the November 14 episode of “American Greed.”
“We got a tip from somebody that saw the show,” James Bowman, assistant U.S. attorney for California’s central district, told CNBC. “They let us know he was in Las Vegas and using a different name. Based on that, we were able to figure out where he was.”
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