Confessions of a Gold Scammer

Convicted grafter Jamie Campany shares his swindling secrets.
3:04 | 10/27/11

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Transcript for Confessions of a Gold Scammer
Out Brian Ross investigation on the new American gold rush as the price of gold skyrocket so. But the number of spammers ABC's Brian Ross is here with the exclusive interview. With one man and it any unique position to show us what to look out for that's exactly right rather good morning to -- a federal judge. Next -- will sentence him for -- more than 14100. People out of tens of millions of dollars but before He goes to prison. The mastermind of the scheme sat down with us to reveal how what worked and what to do when a man like him -- on the other than -- the phone. Promising to make you rich. The most promising victims of the gold -- were spotted through Google Earth satellite images. The crooks matched phone leads to addresses defined victims for the biggest -- and therefore the most money to invest in gold or silver. Your -- -- in order to purchase ten ounces of gold. Actually helped of the cold. But in reality there was no legal. Despite the legitimate looking transaction papers from the global bully on exchange completely -- completely bogus. The global bullion exchange was the invention of -- company. Who took us back to the now empty telephone boiler room in Florida. Where his telemarketers worked their victims. Mostly upper middle class business people who can Anthony says let their egos get the best of so you weren't targeting little old ladies at all. No we -- quite frankly little old ladies are a lot more student to and a lot more skeptical. About making investments with people that they don't know the pitch worked off the falling stock market and the rising price of gold. -- -- recalled his lines for ABC news. Knows what's -- -- you live in the McCain there was an answer for everything including I don't have the money. Sure you do. You have -- 401K. You have a stock portfolio. You have dead dogs that are not performing. The man who lived in this house in Hialeah Florida -- Bloomberg got lots of those call I did end up giving them and considerable amount of money. Because I thought I thought if I invested more I would get the money back. He never will losing 75000. Dollars nor will -- other investors. By the time the scheme collapsed and this place was shut down the money was long gone. I think about it every day. These people have to live. With the pain back cops -- So what are its gonna hurt for the rest of the products. Hopefully this is one wary -- can stop it from happening to anybody else. Company faces up to 25 years imprisonment is hoping his appearance here this morning -- told the judge he's truly sorry. And show Americans how to avoid getting fooled by someone like him. And really comes down to Robin don't buy gold or silver over the phone and hatred you buy it you have proof -- actually have some gold is over. Just those fancy looking papers horrible that He took advantage of people -- -- -- itself did it to be true. That's absolutely. I think some.

This transcript has been automatically generated and may not be 100% accurate.

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