. >> they would do extended, luxurious days at the bellagio, at the wynn, they liked to gamble. >> reporter: at the bellagio, rachel buys blancey a $64,000 rolex. one of six rolexes purchased with ralph's money. ralph paid for it all and never got so much as a postcard. more than $100,000 in plane tickets alone. rachel and her family jet setting on ralph's dime. and rachel is even more dangerous on the ground, ralph's credit card always at hand. >> thousand dollar shoes and two thousand dollar suits, they lived to excess in every way. >> reporter: more than $300,000 of ralph's money just at nordstrom's. a money trail a mile long and the beauty of the scam is that none of it traces back to them. anybody looking at the bills would think ralph raines was the one on the spending spree. >> this is one of the craziest cases i've ever seen. it's right out of a hollywood script. >> reporter: in 2011, rachel's career as a caretaker comes to an end when ralph raines sr. dies at the age 91. ralph jr., thinking ahead, makes space on the tombstone for himself, his beloved bride, and his son. the con now

our charlie gasparino is there kicking back at the bellage i don't. bellagio. have exclusive details. not in front of the cameras, but behind the scenes. classic charlie. crude oil back above $60 a barrel. how is it hitting the airline industry? who are the winners and losers? we're not asking an airline. we're asking one of the biggest players that the airlines depend upon. stay tuned. he'll give you a window on what you may own or may want to own. ♪ >> the flash crash back in focus on the eve of its fifth anniversary. mary jo white and timothy were grilled in front of a senate committee as they tried to defend their -- to prevent market manipulation. why won't it take so long to find out who might be behind the crash? peter barnes to give us a blow by blow. peter. peter: the regulators say they need more money from congress to hire more people to buy more technology to catch more market manipulators. >> our budget request is also focused on enhancing our surveillance program. we must have highly skilled professionals, as well as high-powered data and technolog

erik: we are live here in las vegas at the bellagio. fallen off my chair yet today. we are going to take you back to new york where in the newsroom scarlet fu is going to give us enough data on today's market. scarlet: the european markets are closing. written's are heading to the polling stations today. ahead of that, we see the ftse down. it has fallen as much as 1.8% but it did parents declines. -- it did tear it kleins. you can see the pound weakening versus the dollar for the first time in three days. let's move on to the euro -- coming off a two month high against the dollar. the route in european bond markets seems to have eased a little bit. it was fairly uniform the for it diverged a little bit. italian and spanish bonds have caught a little bit and are higher. we see very little change when it comes to the stoxx 600. the euro stoxx 50 is only marginally higher. not a lot of action there. we will keep an eye on what goes on the german bond market because it has been so much of a driver for what happened here as well. erik: the

our very own charlie gasparino getting the exclusive chatter from behind the scenes live from the bellagioarlie. >> right. and in the steam room too. you've heard about that, i'm sure. liz: really? >> we'll get into that later. liz: wow. [laughter] >> just a couple of interesting things -- we'll get into that later. a couple 06 interesting news things that occurred yesterday and today. former greek prime minister george pan dray owe, he's here, i was at a private dipper with him last night -- dinner last night, but he's very on optimisc about a compromise on the greek bailout. he thinks it's going to happen based on his knowledge of the political players. the greeks will give up some stuff to appease germans, germany's going to give them something. he thinks it's going to happen. here's the rub, let's just say it doesn't -- remember lehman not getting bailed out at the last minute? he says there's no contingency plan. is greece some sort of triggering effect? that's one thing. yesterday dan loeb really took a shot at your buddy, warren buffett, essentially calling him a hypocrite on taxes,

it all kicks off tomorrow from the bellagio. charlie gasparino is there getting ready. what is the big talk so far? charlie: there is no big talk. it hasn't really started yet. melissa: well, that doesn't stop you. i'm sure you're in the lobby schmoozing with people rather at the bar. i'm sure you have your fanny pack on. are you telling me, you're just spending time there? are you just drinking getting out in the sun? don't admit that to our bosses. charlie: i'll hit the gym and the sauna. what else would i be doing on a work excursion? then i'm going to the bar. melissa: perfect. charlie: listen, i think it will be kind of interesting. i like this conference and i like it better than davos. it's usually better -- we'll see if they deliver this year obviously. but it's usually much more grounded in the markets and what's happening now. you know davos, as you know i covered it in the winter. 30,000 feet. very sort of big issues. you know, very -- you know almost so big that it doesn't -- it lacks relevance to our -- to a lot of people. this is usually a little different.

is the decline of the asian play coming from china that really affects the high-end businesses, the bellagioy: you were a coming? tim: anticorruption campaign that the chinese government -- it is affecting the high and asian play in las vegas. that is a big part of the revenue decline in that market. i think you have a property in las vegas, you have to have a premier facility that has a lot of convention business or you have to have a database to feed customers coming in from your network of relationships that you have. that is a we are delivering to tropicana. betty: do you worry that because it has taken so long that others , first movers or a foothold in that market already that will be hard to kind of breakthrough? tim: we had 15 -- we have 1500 rooms and a database of 3 million customers. if you look at total over boards with caesars, they have over 20,000 rooms in the market and they are able to feed all of those rooms with their customers on their database, so we feel very comfortable giving the metrics i just described that we will be able to hit the mark. betty: you are opening up

stephanie: unless he takes me to his $300000 dinner at the bellagio, he doesn't get to tell me. ting him go anywhere. we are back after the break. you're watching bloomberg television. ♪ stephanie: welcome back to market makers. i'm stephanie ruhle. cory johnson is here and legendary tv executive pencil norman is back. you have been a pioneer when it comes to creating shows. jane the version is so important because it has targeted the hispanic audience. a few years ago, targeted shows like jane the virgin or empire would not have passed. why has that changed? guest: a big difference from when i did ugly betty to doing in the version is that the census happened and came out. everybody's anecdotal numbers about the growth of the hispanic population in america were underreported until that senses came out. everyone looked at what they thought they knew and it was an even bigger number and a bigger projection about what portion of the american population was hispanic. cory: and the media is much more divided. not just the breakup of networks. what is happening online is informing. it