FIRST AIRED: October 18, 2017

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00:00:01
>> Billionaire Richard Branson revealing that he was targeted in a $5 million scam, involving a fake ransom payment. Branson spoke to Reuters Wednesday, saying he was contacted by a man six months ago claiming to be Britain's Defense Minister, Michael Fallon.>> He sounded just like the Minister of Defense in England, he said there had been a kidnapping of a senior diplomat.
00:00:22
That the British government weren't allowed to spend money getting a diplomat back. This diplomat had to be got back for very important reasons. And the British government were asking four or five businessmen to put up 5 million each, very secretively, to get him back.>> But after calling the British government himself, Branson learned that the real Fallon had not reached out, and there was no kidnapped diplomat.
00:00:46
The police are still looking for the con artist, who Branson suspects later impersonated him, to steal $2 million from a friend.>> I believe the same person then, when I was on Necker Island just after the storm, contacted a businessman in America who I have enormous respect for.
00:01:04
And said, Richard can't get a hold of him, and could he put up $2 million? Cuz Richard can't get hold of his office in England to help the people of the British Virgin Islands. And he did, he put up the $2 million.>> The Virgin group founder who, according to Forbes, is worth about $5 billion, saying he publicized the incidents to warn others of similar scams.