Nick Piccone
On Last Week Tonight Sunday night, John Oliver shocked pretty much everyone, including himself, by having the biggest giveaway in television history. Oliver’s segment this week was about debt buyers and how ridiculous the entire industry is.
Central Asset Recovery Professionals is a debt acquisition firm that Oliver and co. began for a mere $50. Oliver was then offered debt to buy for almost $60,000. How much was that debt? Close to $15 million. And then Oliver bought the debt and promptly forgave it. Warm and fuzzy, man. Warm and fuzzy.
The entire segment is worth watching, but Oliver’s surprise begins around the 17:09 mark.