My Strange Addiction: Ponzi Schemes

the closest thing we'll ever come to a my strange addiction episode. Today we have Mark Nishiyama, he's been in the MLM game for 20+ years but wanted to come on the show to discuss Ponzi Schemes and warn people of HYIP investments. Things quickly unravel though when I realize Mark is still planning to invest in yet ANOTHER Ponzi Scheme.
mark's HYIP's over the years as far as I can tell
OneCoin
Alcore
ForEyes
Lebronic
Qubitekk

[@Coffeezilla]

my strange addiction: ponzi scheme edition.

[@imaref9551]

Next up, my strange addiction: buying fake guru courses

[@ellenorbjornsdottir1166]

@the white rabbit I would rather sublease to the current tenant

[@lifeisoptions8403]

Coffee this guys sketch. Like he’s clearly getting kickbacks for driving more money to these companies .... this video is free advertising for this trash

[@sreramk1494]

Ponzi scheme addiction... This is sad... Someone must create a therapy for this.

[@sreramk1494]

All gambling must be banned. It can never be justified.

[@EICAccelerator]

Rich dad. Poor dad. Weird uncle.

[@jblasutavario9549]

Lol

[@bosef1394]

This needs to be the top comment

[@LexieMichelle]

😂🤣

[@prunersbro]

Bruhhhh XD

[@davidwilliams9386]

🤣🤣🤣🤣

[@jeffreytackett3922]

It seems pretty clear to me that the reason this man isn't walking away from HYIPs or MLMs, and he isn't raging mad, is because he's looking for his opportunity to get in on the scam early enough to get his money back and/or make a bunch of profit. He has very obviously adopted the idea of "I don't want to fix the issues, I just want in on the ground floor."

[@illuminatedzach4206]

He’s chasing his losses. He knows their all scams but he believes that he just gets in early at the top of the pyramid than he’ll profit and win back his loses

[@greglocker2124]

They're not humans, they're crabs in a bucket

[@tomsmall1244]

Bingo

[@yiqingtan4079]

Exactly. That's why he was talking about which one should last longer. Also he apparently holds influence over and has the confidence of 250 ppl (probably from his MLM days) and even though he said he wouldn't hurt them if he knew it was a Ponzi from the get go, knowing it's probably a Ponzi doesn't stop him from believing in it in the first place.

[@TheSignseeker]

I am SO impressed by your restraint, letting Mark speak as he describes his next big disaster. Your eyes did all the talking.

[@JJones-rz2ir]

Right??? The entertainment of Coffeezilla’s facial journey is the only reason I was able to finish this video. Bless

[@johnmiller2905]

He's not addicted to getting scammed. He's addicted to scamming people. He flat out said he came out ahead in Alcore AND OneCoin?? Then wtf is he on about acting like he's the victim. What a load of B.S. This is nothing but guilty conscience talking. This guys is on the wrong side of this big time.

[@emp9413]

Yep so obv he's dirty. Scammer getting scammed ha ha

[@soundrogue4472]

@@emp9413 He's more of a scammer who blows the whistle once he gets the money he wants and leaves. It's honestly smart; if I joined a ponzi scheme I'd do the same thing, get the payout from the system and blow the whistle scamming all the idiots below me all the while I was just a grunt. Is it really any different from pump and dump?

[@fernandotaveira7573]

Yap. He just want to join the ponzi scheme in the beginning to make money. He has millions doing nothing and still thinks he's a victim. LoL

[@L3ttuc3]

Exactly. Hell he spent half the video trying to make a veiled sales pitch.

[@mitchtherighteous]

"The next best thing to cookie dough" normally I wouldn't take that statement too seriously but this guy looks like he knows alot about cookie dough.

[@faiselbutt2944]

Invest 10 dollars with an hourly return of 20 percent and you'll be the richest man in the world after 6 days. Sounds legit

[@milosander5249]

😂😂😂👏👏👏

[@Wurstfinger-rl1zi]

stonks

[@nohandlegoldk]

Where do I sign up?

[@pranayr9284]

You don't need to sign up anywhere. You could just PayPal me.

[@NicoGF]

Faisel Butt warren buffett shakin' in his boots

[@pcglvz]

"I also teach financial education" Say sike right now

[@cajonesAFK]

Psych!

[@rocyrino]

I feel I got Punked

[@skraminc]

When he says teaches does he mean "courses"? He may be camouflaging tricking downlines into these schemes by calling it teaching

[@shaunenwright7872]

Skram Inc what I was thinking

[@adanabdulle3456]

Looool

[@echo5394]

He's not a victim, he's a scammer himself profiting off these "losses" through affiliate marketing.

[@Kiyomi123Gaming]

Except he’s losing his profits 🤦‍♂️🤦‍♂️

[@sophon238]

@@Kiyomi123Gaming he's only disclosing his losses, bet he made more than he lost

[@whatamievendoing]

@@sophon238 If he actually lost, he wouldn't be so quick to jump back in... I think he either makes money or he is extremely gullible

[@Cagmito125sportsbikespares]

@@sophon238 he was reinvesting he says to compound so id say he took great losses but i dont think he can get his head around the fact the companies are not profitable and rely on fresh investment to payout he seemed to think they failed due to management and or theft of funds . It sounded to me as if he thinks there is some company out there that can pay out 1% or 2% daily for ever .

[@Chris-ci8vs]

@@whatamievendoing he could have gambler's fallacy; chasing his losses.

[@Rizhiy13]

Sounds like he knows exactly how ponzi scheme works and has a feel for how long they last. As such he can profit by coming in early and exiting before the collapse. Not the most ethical business.

[@rafaeltavares6928]

I was thinking exactly the same thing. He's addicted to the rush of trying to max his returns before it busts

[@MindfulPersonalGrowthop]

Coffee didn't even realize he was speaking with a scammer. The guy knows these a ponzi schemes but he has no risk because he has a group underneath him. I guess the term is "downlines". He's hedging his risk exposure with his group's investments.

[@bobbygetsbanned6049]

Oh yeah, he's a complete scammer. I think Coffee noticed but wanted to keep it cordial. There's no way the trading robot and 1% a day bs didn't set off all his scammer alarms.

[@gengar1187]

You are so wrong lol

[@joshyoung1440]

What are you talking about? Coffee knew EXACTLY who he was talking to and discussed MLMs critically with him lol

[@othienoburton5432]

@@gengar1187wrong about what ? A blind person could see this man’s a dummy

[@PhewInvesting]

He said he only invested 10% of his disposable income, yet he also said he sold all of his stocks to invest in the scheme. The double-speaking and deceptive mannerisms are clear.

[@zambane]

per platform, he has loads of platforms so 10% per 1.. .. All of them sketchy I assume but all of them wont blow up at the same time..

[@squigglyphrank9348]

He still has the Rollie. He good

[@bellezanegra0206]

Then when coffee asks him if he invested 10% he said “yeah sure”

[@OfficerRFriendly]

I suspect he uses his position teaching to recruit.

[@Alex-cw3rz]

Yeah his stocks were his investment which is 10% of his wealth, therefore by his rule he'd have to transfer stocks to keep at his rule.

[@ca3ca377]

He doesn't have an addiction, he knows he will make big profits if he gets early into a ponzi scheme.

[@annmcgowan8417]

I think this guy is running "Financial Education" as a way of getting people into his group. Then making money off them in the MLM. But the scammer got scamed. 🤣 Also his losses were not all his money, it was money was going to make from his group.

[@nineteenfortyeight6762]

100%

[@JavierID]

Definitely

[@omer_kaygin]

great idea, i think i'll do this

[@icvip9753]

@John John's Knee 🙄

[@ThegratefulC]

I feel like coffeezilla did a good job of interviewing him and extracted a good amount of information without putting him too much on the defensive

[@ThegratefulC]

I feel like this guys on the verge of starting his own mlm

[@i9incher]

44:53 He DOES'N'T think they will actually pay out. He makes money by ripping off his downline and he's banking on making more than what he loses.

[@elijahvictor4077]

Yea. It actually pays him yet he pretends it doesn't by ripping his down line.

[@feedmewithmeowledge]

Imagine trusting your financial education teacher and him actually signing you up to various MLM ponzi schemes for the referral fee. This guy is dishonest.

[@nineteenfortyeight6762]

and then saying "I told you so" when you lose everything

[@chavaspada]

This is his MO 100% he came out on top of several ponzi schemes because he abuses the trust of his students. This dude is a certified scumbag.

[@livewellwitheds6885]

yeah

[@greglocker2124]

Imagine trusting someone else with your education. That's the real horror story. Nothing like being trained by those who can't do.

[@Matthendo97]

Has anybody else noticed an increase in fake guru ponzi scheme ads since they started watching this content?

[@ChengTeoh]

You'd think that a financial teacher would know better, but that goes to show that addiction is a powerful thing. "I need to be careful, I've learned my lesson ... obviously" .... and then goes on to another MLM HYIP ponzi scheme, he's definitely got an addiction that won't stop until he ends up having no money to invest. That'll be the day where his world will go dark. I hope that doesn't happen but from listening to him, he's NOT going to stop even if he says "I've learned my lesson"

[@Takadananobaba112]

This guy moved to Japan to scam people

[@xpkareem]

I'm pretty sure you don't need anything to call yourself a financial teacher.

[@GBooth]

This guy teaches finance and accounting? Really??? He sounds like he doesn't have enough brainpower to make a 5W bulb glow dimly. Like a lot of the people who get sucked into high yield frauds, MLM's and ponzis, he's half-sucker, half-perp.

[@jesselin1665]

Financial teacher is just the self prescribed title of any person who has made money in an mlm.

[@organicthug5220]

Well said.

[@AJ-di4df]

Being a financial teacher and preaching for mlms is like being a priest preaching for drug use

[@OfficialCANVAS]

Seems like a chill priest

[@Frogasmol]

More like a drug dealer trying to make you pay for some sweet baby J

[@841ONUR]

Religion is kind of a drug so it happens all the time lol

[@PaulVazquezJD]

They're called shamans

[@elijahgavin6706]

No, it’s like being a priest and teaching a religion

[@dibsdadon]

This guy doesn't strike me as sincere. He seems more interested in his profit than in the ethics of what he is getting into.

[@PaulVazquezJD]

Interesting,

[@martinlutherkingjr.5582]

People buy into Ponzi schemes for profit, genius

[@shellshockedmummy6265]

Greed. He knows it’s a Ponzi scheme but he is hedging his bets. He wants to make a few million and get some out before it crashes

[@JewTube001]

the ethics are invisible to him. he only looks at if the scheme will last long enough to make a buck out of it before it collapses. at this stage he may as well just make his own schemes

[@sourabhkarkala343]

Could be bcuz he got scammed himself and right now his goal would be to get back him money somehow ...and also bcuz since he got scammed he probably thinks that's how the world works

[@TheBossEntrepreneur]

He try to outsmart you and did this interview in hope he will get some followers/client into his new Ponzi Scheme...

[@marvelman8996]

He didn't 'try' he did

[@sugarmackb]

I doubt someone who believes in mlms would get past the first part of the video

[@davak72]

Yeah, he’s so obviously a scammer!!!

[@StephenMeansMe]

"Hopefully *this* machine produces more energy than it consumes...!"

[@onlinework5290]

Beautiful

[@cccycling5835]

Humans definitely create more value than we consume, the entirety of human civilization didn’t come from nowhere. However, these scams are definitely negative value.

[@Pocketlol1]

Perpetuum Mobile...

[@mrr0r508]

Underrated comment

[@pstrap1311]

@@cccycling5835 you just aren't properly recognizing the actual value of sunlight, which is powering this crazy mess.

[@johnmiller2905]

41:23 All you need to know about this guy. He's just another scammer addicted to scamming. Sorry to be harsh but that's just the truth. He doesn't even plan on stopping. Really just changes the whole interview IMO

[@liamb1496]

100% Didn't even realize it til I read the comments.

[@shaunagingras482]

I almost think this guy is brilliant. He presents as too simple to be harmful. He’s perfected being the hook and probably makes a fortune from down lines. He’s like the Ted Bundy of MLM ‘s/Ponzi schemes. Wow.

[@marvelman8996]

@@its_yellow This guy is clearly playing the victim Coffeezilla wtf is this guy doing here ?

[@huntguyy]

This guy is into financial domination... and he's the sub.

[@ellenorbjornsdottir1166]

He needs a less demanding Dom

[@jackquarry3345]

( ͡° ͜ʖ ͡°)

[@Predestinated1]

Everybody wants financial domination

[@jasonm8755]

LOLOLOL

[@krisbeagles7045]

@@Predestinated1 I mean, if you insist I can be your dom

[@Fr3ud]

I fell for Primerica once and got my whole family in and till this day i regret that shiz 🤦🏾‍♂️

[@noxxas]

Had a friend once invite me to a work presentation. I was down because I like supporting my friends with their work but as soon as I walked in I knew something was off. Long story short I got pitched on joining primerica lol

[@sirashley2355]

i went to a presentation unknowingly thinking it was a interview and left after they started asking for leads before they even knew my last name.

[@nopainnococaine8066]

Robert Kiyosaki if he didn't write books = this. One day, he just thought he'll write books and sell them to make money.

[@Emsyaz]

Theres no money in selling books. Robert makes most of his money from his overprice BS seminars, workshop, motivational events etc

[@mikestanmore2614]

@@Emsyaz Good man, RK is nothing but a grifter.

[@chriskillian274]

@@Emsyaz no there's money in selling books

[@user-gp6km8wk9i]

Harry Kane really is the Chinese knockoff Lewandowski lmao

[@nopainnococaine8066]

@@user-gp6km8wk9i ahaha, wasn't expecting anybody on this channel to get the name lol

[@Mondolation]

Plot twist : he’s head of an mlm That’s why he’s so chill

[@i9incher]

15:50 this is how MLM gets people. They compare it by saying "your only options to success are spending 6 figures on a traditional business or a small investment with us." But that's not true. I started a freelance business doing marketing with skills I learned for free through certification programs and internships. You don't HAVE to invest money, you just have to learn a skill that is in demand.

[@DJVARAO]

I'm curious. How are you doing with marketing? I hear a lot about it, but not real first hand info.

[@i9incher]

@@DJVARAO so I'm approaching it from a freelance perspective. I have a main job but I'll do marketing on the side for some extra cash. I'll do an entry level offer where I gather data for $65. Then I can eventually do a website for around $1800 to $2100. But most of the time I'll do lead gen, where I'll charge anywhere from 400 a month plus commission to 1500 a month plus commission (if they want a va that will do phone calls). I get all my clients from referrals and fiverr right now. I started in February and I've gotten about 4k so far. But I haven't spent any money on ads or anything. So I figure I'll start doing my email campaigns once I start getting serious.

[@i9incher]

@@DJVARAO but to be fair I have 3 years of experience in marketing and I have years of sales experience as well.

[@DJVARAO]

@@i9incher Wow I see you started right already. Congrats. Thanks for the info.

[@DJVARAO]

@@i9incher I was expecting that since not every freelancer can pull it off so quickly. Thanks again, I am learning every day.

[@olivervarah696]

The way he keeps looking around makes me feel like one of his "group" members is out to kill him lmao

[@jasonisfamous6544]

looked like he has someone coaching him in the background on what to say

[@hakim6158]

Is he trying to get in early and make money? Like he realizes that it's a scam but early joiners get some nice returns in the beginning and he's chasing that?

[@fansongyi]

Probably. profitable if you do it right. I remember you can estimate when the ponzi schemes gonna collapses with some formulas. You can treat it like any other investment lmao although I would not touch it myself 😂😂😂😂

[@sketchyspaniards]

I was thinking the same thing. But that's also an awful idea. Pretty sure victims can come after you and take some of the money if you actually profited.

[@MenelmacarGR]

@Hakim I'd bet that the company they're "investing in" would drag out giving the returns back to the early drawers, until it's ready to scam. 🤔

[@sketchyspaniards]

@@MenelmacarGR That's why he's still shopping for the right scam

[@guyinshirt_]

He’s getting in early, and suckering his “following” he’s as much of a scammer as the people he’s talking about

[@blackdivine6762]

What a confused and confusing scammer. Whoever is enrolled in his classes should disenroll immediately.

[@justacting234]

If someone wastes $100K on ponzi schemes, then I'm sorry but they too much money 🙄🤦🏿‍♂️🤷🏿‍♂️

[@CleM-sp3xv]

"a fool and his money are soon parted"

[@AmishPatel]

Dude! Give US the money! The Drip needs investors!!!!

[@AmishPatel]

@@t.h.8167 its a spiritual payout

[@TGA19]

😂😂😂

[@paulsabbath1]

He's a bad character.He knows he is deceiving people.

[@Predestinated1]

then call the police maybe?

[@dans.6525]

He is cheating, his followers are being cheated, etc.

[@bobafruti]

I just got a sweet Grant Cardone ad, he seems like an honest guy. I’m sure he’s going to help me earn a million dollars 🤔

[@TheBossEntrepreneur]

Grant Cardone is legit dude. I made a million dollars+ online and he was one of the mentor that helped me. He does not teach a lot strategy/technical...Sam Ovens his way batter at this but Grant and Sam Ovens are definitely legit. Myself and many other legit people have made 6-7-8 figures online with what they are teaching and obviously I took massive action and work 16 hours per day without never talking a day off for 2 years..

[@johnpange7158]

The Boss Entrepreneur grant cardone is actually rich from real estate, but that doesnt mean his paid courses are worth it. There a tons of books and free info from successful real estate investors, there is no “secret sauce”

[@MyHypePlausible]

No... he’s going to help “10X” your income

[@randomguyonthenet2623]

John Pange r/whoosh

[@why-kg6kx]

@@TheBossEntrepreneur what a flex

[@shin1300]

"Hey dad I made improvements to my perpetual motion machine I know it will produce energy this time"

[@mountveggie]

This guy teaches financial education and invests in crap that promises 20% an hour? Ok. 🤷🏻‍♂️

[@fredztuhh]

he makes money in mlms and ponzi by getting in early he's not naive, he is an asshole

[@CaptApril123]

As soon as I heard 'quantum computing' & 'artificial intelligence' my head dropped.. so then of course this has to be real.. Good lord. In the gambling world this guy would be known as a whale, someone who keeps coming into the casino with lots of cash to loose over and over again. I know a few people like this, they'll just keep going through his families money until eventually everyone is wiped out.

[@JewTube001]

the quantum computing thing was especially crazy because not only would you have to beleive these machines already exist, but also that some 2bit company has one and somehow needs your money to make trades on it.

[@djpuplex]

This guy looks like he gets lost in his own bedroom.

[@Cagmito125sportsbikespares]

@@biggangster5898 400k - no idea but with 400k you can live pretty comfortable "wisely" invested . Must of inherited

[@thedragonhouse4991]

Cag mito what I’m saying is how did he even get $100,000 in the first place.

[@thedragonhouse4991]

Cag mito yeah most likely btw. Inherited always throws it away smh.

[@timarve]

@@thedragonhouse4991 he didn’t get it completely he probably invested around 10K and his 10K became 100K and he lost it

[@jonathanchai8702]

Can't wait for the next series of my strange addiction: donating to digital freedom platform

[@SoFirmStudios]

I feel like we all know someone whose been sucked into these things and they don't seem to realize what they're getting involved in. It's pretty interesting that this guy is aware and it's also pretty interesting that people can feel addicted to these things when they always eventually bite them in the behind.

[@blankblank1949]

That's a perfect definition of addiction. You know alcohol,drugs, junk foods, smoking,etc is bad for your body but you cant stop because you're addicted to it

[@ifillup]

wow great interview, would have been good to see you push home the point that this guy has made all his money recruiting people into scams - this realization seems to escape these people

[@ClaudiuManea]

Loses 100k on Ponzi scheme, can't be persuaded to fork over 20 bucks for a decent haircut.

[@SpaceMissile]

funny how you put in money and lose it, but you cut hair off and then grow it. hair is like the opposite of money. That's why homeless people are disheveled and well-off people have fleeky haircuts. ...this is a ridiculous line of thought. lmao

[@aLwE17]

@@SpaceMissile Uuuuh what? Were you high when you wrote this reply?

[@SpaceMissile]

@@aLwE17 high on life, babyyyy

[@priceandpride]

250K

[@floppies]

He is a basic gambling addict.

[@autopartsmonkey7992]

no...he is a thief..he knows its a scam..and makes money off his buddies....he is a scumbag who belongs in prison.

[@angoooooooo]

100% this. The poker reference took that thought over the goal line.

[@JanoyCresva]

@@autopartsmonkey7992 But he loses WAY more than he makes. Really shitty thief.

[@Andrewbert109]

I like how he keeps prefacing his confessions with "but I do *believe* it's real" like...yeah...we get that. The part we're getting hung up on is *HOW* you could possibly still think it's real, and how you're doing these mental gymnastics to convince yourself that you've learned your lesson and that "this next one" is going to be legit. Dude. I'm a recovering addict, was on heroin for 11 years of my life, and I essentially told myself the same lie multiple times a day, "ok, this is the last time". I get it, I understand that inability to stop yourself against your better judgement. But please at least be cognizant of the fact that these things are BAD and they will always ultimately be a detriment to you. You're teaching financial advice while being addicted to Ponzi schemes man, that's not good.

[@Jack-it2pe]

He teaches financial education?! This keeps getting more and more unbelievable and I'm not even half way through. I'm not sure if I should feel sorry for this fella. Kinda seems like a gambling addiction of sorts, he should forget about MLM's and shitcoin scams, maybe take up blackjack or roulette. He'd probably get a better return.

[@pdorism]

Considering the money that he's throwing around, he's probably making a killing in referrals from suckering his followers into these scams. He probably made more than he lost.

[@Agustin-jo8mv]

He's definitely winning from his schemes.

[@feedmewithmeowledge]

@@Agustin-jo8mv exactly this guy is not the victim, he's kinda one of the scammers as well! unbelievable!

[@MirageTader]

pdorism if listen to him carefully,didn’t even feel much paid of losing $200,000 because he made too much money already.

[@randommandum8229]

I mean this guy definitely knows what he's doing

[@guyinshirt_]

“Let’s put it this way, I didn’t lose in Alcore I made more than I put in. One coin as well I made more than I lost.” This guy’s a scammer he gets in early as uses his following for suckers come on he’s not a victim

[@elijahvictor4077]

He is a scumbag

[@qs2668]

Coffee goes in, thinking he's talking to a victim, tries to "open his eyes" to the reality but bit by bit we learn that the guy did and does actually make quite a lot of money on these programs ... which is also why he is not as averse to participating in new ones

[@WilliamSitu]

46:54 "ponzi schemes are made to fail from the beginning" - this isn't true, a nonponzi can turn into a ponzi. There was a crypto mining company that promised consistent returns to investors, but then because of Bitcoin's price drop, they started paying investors with new investment money instead of mining revenue.

[@sourabhkarkala343]

That's a fraud too bcuz no one would promise consistent return on an asset that's so volatile ...I mean no genuine company would promise consistent return even if they invested in stocks

[@Max_Krypto]

You talking about Genesis Mining?

[@NadoJoe]

I absolutely love your videos. It’s crazy that so many people have no problem with stealing others money.

[@l8Os]

“No shortcuts to wealth” Buddy you had $300,000 in bitcoin. You could’ve bought rental properties, could’ve invested, could’ve made so much passive income.

[@NatashaEstrada]

I know he was actually somewhat well off if he had not lost it.

[@josecarlosxyz]

Rental sucks these days too much trouble

[@l8Os]

@@josecarlosxyz losing 300,000 fucking dollars is too much trouble.

[@jacobgrum8829]

He could have launched a number of different businesses that he could have essentially put on auto pilot at that point, hell he could have made a few print on demand businesses, really great ad budget, more than enough to pay for orders and he could have set those on auto pilot. Make a few products per week, run daily ads and profit monthly for years

[@Football__Junkie]

34:00 as he hears himself say it out loud he’s thinking he’s in another ponzi scheme 😂😂😂

[@OMADRevolution]

Absolutely stunning the psychology behind greed.

[@Predestinated1]

Everyone wants to make money. You don't need psychology for that, bro 😂😂

[@nothing.here182]

I mean this respectfully: there's something off with this guy. He's like a veteran that been through too many wars and has lost most of his emotion and lost his common sense. Look at his eyes, his lack of emotion from losing so much money, his lack of basic reasoning. He's been through some serious shit and probably has PTSD. Hope one day he finds what he's looking for and finally finds some peace. Good luck to you sir. We're rooting for you

[@pdorism]

He probably made more money from scams than he lost.

[@nothing.here182]

@@pdorism If that's true, then I guess the old saying is correct: "Never trust a man with a double fan necklace"

[@AmishPatel]

100%

[@AmishPatel]

These people have ALWAYS lost more money. Gambling addicts always remember the wins and forget the losses

[@guyinshirt_]

Amish Patel He’s not a gambling addict he’s a scammer he uses his following to his advantage. He said himself he made more than he lost with both Alcore and One Coin

[@lightwalker9170]

Compulsive gambling, also called gambling disorder.

[@carolincas]

thank you so much for talking with coffee. we appreciate you. also it would be so cool to see mark or someone in his position talk to that legit finance guy from the last episode. i could see the three of you having a riveting conversation just about math alone.

[@piprod01]

He makes his money by pumping and dumping ponzi schemes to his followers who think he's a financial genius. 100% a fake guru for his little community but I don't think he's realised it yet. He couldn't give you a good reason for why it's in the best interest owners of a magical trading scheme that can make some huge return would chose to get money in a ponzi like fashion. I really hope his community sees this and realised he has NO clue what he's doing and stop listening to him before he loses more of their money.

[@michaelsmith953]

he's realized it he just wants to clear his conscience....no way he is not a semi sociopath

[@guyinshirt_]

THANK YOU someone else sees this. this guy’s a fraud 100%

[@themachotacoisback4333]

I would love a one year update with this guy

[@scisystem]

rip mark - and by rip I mean rest in ponzi

[@jeffrey.a.hanson]

There’s a safe, predictable self-destructive nature to addictively hopeful behavior. I see my fellow alcoholics try bizarre methods to start ‘safe drinking’ again. 100% fail rate…yet it DOES work in the beginning!

[@Yashtcm]

A financial advisor gets financially schooled by someone that isn't even a financial advisor, oh the irony!

[@keithk888]

His stories about his first two experiences were all over the place. He lost money then turns out he made money...despite what he said it sounds like he's ok to be in a scam as long as he's early and it doesn't end too quickly.

[@JackSuperFly]

It's called FOMO. Fear of missing out. This dude is exactly that!

[@kareim27]

16:33 The characteristic of a Ponzi scheme is the flow of money from bottom to top, be it through the outflows of product buying commissions or outright "participation fee". Another is the amount of risk (business and monetary) carried is heavily skewed towards the bottom (i.e. new recruits) and not equally between company and distributor. These are effectively the same with MLMs. Laws will catch up sooner or later to outlaw MLMs.

[@guadalajuraan]

I am honestly so confused with this guy. Educates on finance, doesn’t promote mlm’s but still falls for them after continually failing?

[@georgewilson7706]

I have a lot of respect for you, Coffeezilla. You are smart and methodically pick apart arguments. I was surprised to hear your partners on the podcast believe Gary Vee is an authentic guru. Mr. Vee has vociferously supported drop shipping, which certainly has questionable commercial prospects. Perhaps you can examine these claims in a future video.

[@Football__Junkie]

The “sunken fallacy” theory at work

[@mpower2386]

Yup, and some pretty terrible math skills just all around. The guy just said without blinking that it made sense that the company would make 10%-20% A DAY....

[@skullrose.665]

What is sunken fallacy theory??.. That sly smile on his face!!..

[@Football__Junkie]

Skull Rose. it’s a theory that when you money on something, and it’s not working out for you, that you just need to keep doing it because you’ve already spent so much money on it. You’ve already “sunk so many costs” into the endeavor that you might as well stay with it. For example, a doctor who hates being a doctor but won’t switch to a different career because they spent so much money to get that degree in the first place

[@jessicalee270]

Why am I getting a guru ad as I’m watching this . And the first thing he say “I know what you’re thinking , why am I driving a rented car, no it is not a rented car…” 🤣 it like every ad they get better at disclaimers

[@TheEtrepreneur]

don't stop, believing. (can't wait for the meme's)

[@theninja9916]

When he’s describing the latest schemes he’s putting in, he initially said “it won’t fail as fast” indicating to me he knew it would fail….

[@barryingan4817]

No one talks and looks deeper into The Insurance Industry MLM structure ...

[@justinburgan4184]

Yeah I just heard about it from someone looking for a job. He found some people doing that. He figured it out eventually and didn't get sucked in.

[@MasterJTLS]

Thank you Steve for putting out this content. These scams are destroying lives. Your content is always well researched and entertaining. You're one of the only people putting out this type of content which makes this channel so unqiue. People commit suicide over these type of scams and I aplaude you for exposing these frueds and educating people on these type of schemes.

[@cheesesandwich1033]

i went down the conspiracy theory rabbit holes (for fun, i always managed to snap out of it after i got done). now I'm going down the guru and ponzi scheme rabbit hole. the opportunities are endless it seems :)

[@zeronamagem8617]

He keeps darting his eyes to the top left. Very sus

[@BushidoMauve]

I would absolutely be in Mark's shoes if i didn't have people like you and mike winnet, as well as the whole anti-mlm community. I attached my self worth to money. I'd be an easy mark. So i can sympathize with him.

[@thecrackshow9402]

I love how your videos are filled out with ads from "investments" and whatnot haha

[@tomk3478]

Two years later, and I couldn't help but cringe when he mentioned Tether.

[@whatamievendoing]

To be fair, Qubitekk does sound like it could be a legit business

[@muffinmanmdor4]

200k! I’ve never seen that much money in my life. He could’ve been a doctor. If he invested that he could be retired in some places. How does a normal person loose that much and not be homeless. He could’ve start his own scam for that much money.

[@pdorism]

He has his own scams. He teaches "financial education". You know what that means: he teaches trading courses at outrageous prices.

[@muffinmanmdor4]

pdorism ok, makes sense. But it really weird for him to still get scammed. I feel like something else if going on with him. I hope he gets better.

[@pdorism]

@@muffinmanmdor4 he's getting referral fees from suckering his followers into these scams. He probably ends up making money overall.

[@muffinmanmdor4]

pdorism oh word, all sympathy gone now

[@jacobgrum8829]

He is running his own scam. What happens is, he purposely invests in Ponzi schemes and he makes money through referral pay. He gets money when he brings new people to the scheme. And also the ponzi does pay out initially so overall while he loses money in the end he profits through initial Ponzi payouts and mostly through referrals. His losses could be looked at “the cost of doing business”. And his “business” is scamming people into joining a scam

[@Kannot2023]

Gambler addiction: he remebers only the wins and Ignores the loses.

[@codingwithzak09]

They’re basically chasing the *dragon*

[@whynotnow9618]

"240k...Man, are you okay!!! 😳" Hilarious.

[@Football__Junkie]

In the words of Spock: “Fascinating”

[@mcfincher29]

This man has pissed away more money than most families see through multiple generations. Was not expecting that

[@prometheanbuddha8918]

My man said 10-15% PER MONTH is pretty easy, pretty realistic for robotic trades. WHAT? WHY IS THIS GUY IN FINANCE???! WHY IS THIS GUY GIVING FINANCIAL ADVICE?! 🤬🤬🤬🤬🤬

[@hybridmajik]

He's delusional sadly. But he has a talent for 'leading' and gaining personal followers and has a talent for a finding these get quick rich opportunities early enough. He just doesn't have the talent in convincing himself he's getting into "schemes" and not real, viable businesses. Listen when he said "don' tell me that" when his followers say they spent more than they should. Yes, they broke his rule of not going over 10% of their discretionary income, but he KNOWS his followers are weak and I think he's convinced himself that it's ok to lead gullible people since "he warned them". If I knew a guy was prone to jumping off cliffs, and I brought him alongside one even though I said "don't do that", I'd feel emotionally to blame even if that person has their own responsibilities. I think him being the leader of this group making the most money has overridden the portion of his brain that he's helping himself more than his followers. It's all about easy money. You heard him "I'm 55 there's no way im doing a 9-5 job."

[@gavinhasselbaink9843]

@@hybridmajik Mate, the guy said a little under 1% a day leads to 25% a month leads to 250% in 10 months. Whenever he puts a percentage out I'd stop listening...

[@Lady-Jane1]

“They’ve got managers and everything “…………..so did Madoff! Not even with a barge pole.

[@hrithikmta491]

Coffeezilla, $1.4 Billion is probably over blown mate, The bottom 30 Coins in the Top 50 Cryptocurrencies do not have a market cap of $1.4B for each project, if this company actually got that much investment, they would rather go legit and make the Crypto a success ! 😂😂😂

[@J3d1d1ah]

It was paid in bitcoin which has a massive market cap so could be legit

[@hrithikmta491]

I don't take, They give, That's the Difference, - Said a Great Conman !

[@anthonychi5781]

By the way, quantum computing doesn’t exit in 2020 mark is lazy. I hope mark loses everything. Sincerely

[@l0_0l45]

It does exist in 2020. It existed way before. Check DWave and other companies. However none of them have been able to make more than a few qbits working together, so these quantum computers(QCs) are not doing anything significant. Cracking a RSA password is way off, maybe could take 20 to 30 years till the engineering challenges could be surmounted, else it would take even longer. Forget about these things even used for finance. Plus QCs suck at anything that a classical computer does. AI is very serial, and QC is for more parallel things so not even compatible for the job here.

[@anthonychi5781]

@@l0_0l45 your definition of ‘existing’ is apparently different than mine.

[@mairi_de_provenca]

Mark, some well meant constructive feedback: Get some professional support from a therapist. I hope that whatever emotional needs you have, you'll be able to satisfy these in a healthier, more sustainable way. Thanks for shedding some light once again, Steven!

[@Andrewbert109]

Also when he says "you can't fake actual trading" - sorry what? Wasn't that Bernie Madoff’s whole thing? Giving fabricated quarterly reports to investors?

[@hylic2637]

Bernie didn't trade in crypto, if it had existed there would've been a blockchain to look at.

[@3ustin]

The music after these videos is getting so god dang good my man!

[@Zawazuki]

Props to this guy for coming forward and talking.

[@MCtotheJ]

The ads that run for Coffeezilla videos... unrivaled.

[@samerm8657]

Reminds me of girls who seem to always end up in abusive relationships. Parent: Honey, are you sure about moving in with him? Girl: Oh but this guy is so nice, definitely not like the previous one.

[@AlexanderLoh]

So I'm watching this 1 year after publication. Any updates on how Mark's doing today?

[@dmanm85]

Within the first minute, buddy's given money to another buddy wearing a bella-clava over skype...I don't know if I can even watch anymore, the cringe is to much lmao

[@PrinceDiggie]

Rotfflllllllll smfh.

[@laisoonchong191]

Honestly, I like this guy. Kinda sad to see him got scam. Working in computer industry, right of the bat, there is no Quantum Computer used for trading now. Not even from tech Giant, let alone mom and pop shop.

[@guyinshirt_]

Don’t feel bad for this guy he’s lying and profiting off of the sympathy and trust of the people who follow him.