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Detailed text transcripts for TV channel - CNN - 20100726:14:44:00

show he went after and targeted a group of people, their faith in the lord is what they re all about. everything is gone. i ve lost everything, and now i will be 62 in july. it s been rough. really rough. there s no risk. riskless transaction. reporter: cook ran the operation telling investors he had a system to cash in on movinging in the foreign currency market. cook talked a good game but it was just an illusion. behind his high tech office and glossy brochures were a host of shell companies that sounded like global powerhouse us but were nothing of the sort. pat kylie was his business partner. he pedalled on his show and broadcast over hundreds of

Transcripts For CNN CNN Newsroom 20100726

wikileaks raising blood pressure once again. this is a gush of battle details from the frontlines from a reported assassination attempt on hamid karzai to raids gone wrong. we are talking six years, 92,000 documents of blow-by-blow pictures of what our troops are up against on the ground in afghanistan. and here s more. the new york times reports suspicions that pakistan s military spy service is helping the taliban. the taliban is using portable heat-seeking missiles against u.s. aircraft. secret commando units are working off a capture kill list of 70 insurgent commanders. julian is defending the move. the material doesn t reveal just cases by the u.s. military. of course, as the u.s. military is reporting on all the abuses by the taliban and suicide bombers and ieds going off and so on, so it does describe the abuses by both sides in this war. and that s how people can really understand what is actually going on and whether they choose to support it or not. joining m

Detailed text transcripts for TV channel - CNN - 20100716:00:51:00

everything is gone. i have lost everything. and now i will be 62 in july. i can t even explain the feeling. my stomach. i felt like i was going to throw up. so, i don t know. it was just it s been rough. really rough. awe reporter: some of the conservative christians really feared was this, it was wall street, it was the big banks taking big risks with their life savings. pat and trevor were completely different. they were midwesterners, fellow christians, who offered safety and honesty above all else. there is no risk, riskless transactions. cook ran the operation telling investors he had a system to cash in on moves in the foreign currency market. he made it all look legitimate. starting with a place called the

Detailed text transcripts for TV channel - CNN - 20100716:00:53:00

and what was out there at the time was crumbling. reporter: pat kylie, cook s business partner, he peddled their scheme on his show, follow the money broadcast over hundreds of christian radio stations. i believe the only senior economist and senior analyst in the united states that also uses a good book. reporter: we met one of kylie s former employ years, she didn t want to be identified, but told us how he worked. he was using the bible for marketing. he found out if some body was a pastor, minister or something. before the end of the sales call he was quoting the bible. i live life like the captain the security and exchange commission, accuses the two men of operating a ponzi scheme. all of our clients funds are held in private segregated accounts and is liquid to you,

Detailed text transcripts for TV channel - CNN - 20100716:00:56:00

these folks except yourself. reporter: we left chicago and headed back to the victims. god doesn t stop things from happening in the world. they can take your money but they can t take who you are. poppy harlow is with me right now. poppy what happens next? let s talk about pat kylie, christian radio show host. called him many times. he won t answer the phone. his lawyer told us he had no idea what was going on. he said pat kylie never expected there was anything wrong with the investments and continued to believe he was doing good for all his clients. we will see is as the a criminal investigation into him and civil charges. as for trevor cook, he cop aid plea deal, amassed 25 years in prison is what he can get. he will be sentence aid week from monday, july 26th. investors are furious he has a plea deal. the most he could get is 25 years. they lost everything. they re pushing to get that sentence moved until some of the money is recovered. so far they have literally just found

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