Perry Griggs ran an investment fraud claiming to sell coffee futures, when all he did was keep investor money. As a result, he was convicted of securities fraud and sentenced to 8 years in federal prison. While in prison, he started yet another scam. This time his victims were fellow prisoners and their families. Many took second mortgages on their homes to fund Griggs' fraud. When Griggs was paroled, he and his wife disappeared, but when their stolen money ran out the Feds stepped in and Perry Griggs was sentenced to federal prison, again.