[2] The show originated from a comment made by Hauserman during an episode of Rock of Love: Charm School, in which she stated that she ideally would like to become a "trophy wife".

[2][5] Broadcast of the program was suspended by VH1 on August 19, 2009, after it was announced that contestant Ryan Jenkins was being sought by police for questioning in connection to the murder of Jasmine Fiore (whom he married after the show had concluded).

Megan returns to the party and Al apologizes for his childish actions and offers to buy her a new dress.

Brandi and Cecille find out James expects to soon inherit his grandfather's fortune and isn't a millionaire yet.

At elimination, Megan reveals that each man who will stay will receive a special credit card as her token of love.

When Joe is brought down to receive his credit card, Megan asks about his missing piggy bank.

[12] First aired August 9, 2009 Megan explains that Valentine's Day is her favorite holiday, and they have to make or buy presents for the first challenge.

Mike decides to use his contacts to buy Megan a dress from Lloyd Klein, a fashion designer.

Big Mike and Megan kiss, and then Al spends alone time with her and gives her the Tiffany's snow bracelet and necklace to remember the skiing trip.

The next card goes to Cisco, followed by Ryan, TJ, David, Punisher, Sex Toy Dave, Corey, and Matt.

Megan pulls out a giant pair of scissors that she will cut the eliminated persons' credit cards with.

She then calls down Alex, and makes him promise to never to buy her "grandma panties" again before giving him back his card.

Joe knows he has to step his game up or he will be eliminated soon, and David criticizes him for only being on a friendship level with Megan.

The next morning, Ryan tells Cisco and Joe about his ways of picking up girls and later they are called into their next challenge.

Joe worries that he's going to make a fool out of himself because he's only a trust fund baby and has never worked with numbers or presentations.

Megan calls them in, and tells the men that herself, Robin Antin, the founder of the Pussycat Dolls, and Rob Frankel, a branding expert, will be judging their presentations.

Team 2 goes first, and TJ, Alex, and Mike present Club Lily which they say will make four million dollars a year.

Megan chokes and coughs when she hears "non-profit" and ponders why they wouldn't want to make money.

Rob tells them that almost no one besides Bill Gates and Warren Buffett could afford this spa, and that he doubts they would fund it.

David takes over Joe's part and the judges tell them that unlike the other teams, they thoroughly thought out the prices and incomes and costs of the product, and that it was the most likely to succeed in making money.

" To conduct background checks on potential cast members for 'Megan Wants a Millionaire' 51 Minds Entertainment hired a well-respected investigative firm called Collective Intelligence, which has done similar work for more than 90 production companies involving hundreds of TV shows on virtually every major network.

According to Collective Intelligence, Ryan Jenkins' criminal record in Canada escaped notice not because of any lapse on their part but as a result of an error by a Canadian court clerk."

On August 20, 2009–shortly after the third episode aired–an arrest warrant was issued for contestant Ryan Jenkins as a suspect in the murder of his wife, Jasmine Fiore, a 28-year-old swimsuit model who had recently moved to the Los Angeles area from Las Vegas.

[21] Fiore's body had been found five days earlier in a suitcase near a dumpster in Buena Park, California.

The network also released the following official statement: Ryan Jenkins was a contestant on Megan Wants A Millionaire, an outside production, produced and owned by 51 Minds, that is licensed to VH1.

The remaining run of the series, reruns, and previous episodes were also removed from the iTunes Store and cable video on demand services.

[25] On August 20, Jenkins was formally charged with Fiore's murder, and VH1 canceled Megan Wants a Millionaire a day later.

[27] VH1 had hired Collective Intelligence, a private investigation firm, to perform background checks on Jenkins and the other contestants.

Collective Intelligence doesn't perform background checks outside the United States, and outsourced the vetting of Jenkins to a Canadian firm, Straightline International.

Collective Intelligence claimed to have lost valuable business from Viacom (owner of VH1), NBC and ABC as a result of the damage to its reputation.