“I could tell that Ed was driven and I had been in situations in my life where I helped certain people and they have risen above my expectations and I love it when that happens,” Gray said.īut their relationship soured when Gray learned that Shin had been seen at Las Vegas casinos gambling with large amounts of money and he realized that Shin had embezzled more than $1 million from his company. Gray told “American Greed” he had once loaned Shin money after Shin confided that his sports magazine was struggling and even offered him a job at his company LG Technologies. Joseph Gray, who met Shin through a men’s bible study group at church, would also come to regret his relationship with Shin, a man he believed to be an honest, family man. “He was like a split personality I guess is what you would say.” “It was just such an unbelievable time and he was such a scary guy,” she said. Kaufenberg said she never received payment for the magazine, but was left fearing for her life. The couple sued Shin to try to gain the money, but a former employee would later come by their house and tell them that Shin had instructed him to case their house and wanted him to beat up the couple unless they agreed to drop the lawsuit. “It sounded like a really good deal,” Kaufenberg told “American Greed.”īut Kaufenberg said she never received the first payment and when she confronted Shin, he told her that “he could make me disappear.” Shin, who was married by now and had several children with his wife, seemed like the perfect fit and offered to buy the business for $1 million to be paid in installments. Kaufenberg and her husband, Joe, owned and published Legends Sports Magazine but after Joe’s terminal cancer diagnosis, the business had become too much for them and they were looking for a new owner. Several years later, in 2006, Shin would cross paths with magazine publisher Sue Kaufenberg.
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