“Many people with incurable illness look forward to the promise of stem cells. Stem cells have the potential to turn into any kind of cell and, in theory, they could repair damaged cells though scientists tell us that we’re years away from realizing that dream. There is no stem cell miracle today, so conmen have moved in to offer the hope that science cannot.”

Watch CBS News’ 60 minutes investigation on stem cells fraud.

(CBS News “Stem Cell Fraud” aired on Jan. 8, 2012. Scott Pelley, correspondent. Oriana Zill and Michael Rey, producers)