How Failed Crypto Entrepreneurs Ran A $1.8 Billion Fraud

[@wallstreetmillennial]

Go to public.com/options and activate options trading by March 31st to lock in your lifetime rebate.

[@adamstahlecker6254]

Crazy that 1% per DAY didn’t flag anything for anyone, that would be a good return per month lol

[@allhailderpfestor4839]

For real. Most loan sharks don't charge rate that ludicrous and its so laughable that these investors believed in rate that bullshit.

[@grahamjones5400]

I can earn $13 after 9 months on an $1000 bank certificate of deposit. Now that's a real return on investment. Lolol 😂

[@uptown710]

At this point I’m less angry at the grift, and more upset with the investors greed.

[@JAYFULFILMZ]

With those returns, $1 million invested would make you a billionaire in just 6-7 years 🤣🤣🤣

[@KageNoTenshi]

American as a whole are infamously bad at math

[@geoffreypiltz271]

"The biggest wealth transfer of our lifetime" - they weren't lying!

[@HoneyLove77]

Yup and the usual suspects!!

[@salkryeful]

I know age is generally irrelevant when describing scammers, but it sure does feel like all crypto shills, grifters, and scammers are young people.

[@jamesrav]

crypto is revenge of the nerds, and they tend to be young (and appeal to the young). The real estate scams tend to be run by older people geared towards older people. There's a scam for every demographic :)

[@KageNoTenshi]

Because common perception is old people wouldn’t know or understand crypto

[@salkryeful]

@@KageNoTenshi Probably that and it is easy to remember certain people off the top of my head like Paolo Ardoino (Tether CEO), Do Kwon (Luna-Terra), Sam Bankman-Fried (FTX), etc. and readily associate them with crypto in a negative light. But I won't deny there's probably some old people leading in some crypto scams. Just can't think of any such old people off the top of my head.

[@justoverit]

Definitely not true. There have been plenty of people in there 40s and 50s that are part of it.

[@reappermen]

There are plenty of middle aged crypto criminals. Biggest that comes to mind is the Celsius Guy. I think his name was Machinsky, and he was in his forties last I saw.

[@jeremymcauliff8485]

I have never heard of any of these companies. Guess my investing style is rather tame.

[@psp4150]

Just means you aren’t an idiot. But not to worry; now the sec wants billions of dollars to get it’s hands into it. No benefit for the taxpayers but plenty for the big bankers who the sec works for.

[@yourcheapdate4564]

same same, slow and steady

[@jeffw8218]

The best part of watching these videos is when you’re smart enough to never have invested in any of them.

[@cgasucks]

That's a good thing since it's hard to be scammed by companies you've never heard of.

[@michaele.strasser9641]

​@@yourcheapdate4564and I prefer fast and steady.

[@yourcheapdate4564]

Man, your content quality has really increased since I started watching 2 to 3 years ago, nice work. I have loved the recent and past EV company videos. I live in an SF suburb and everyone is constantly buying the latest 'hottest' EV. We have a ton of Rivians and Fisker Oceans around. I was feeling like I live in the twilight zone until I saw some of your vids about these companies. My first Rivian sighting was at a cya girls soccer game, where the brand new truck started on fire in the parking lot. We know that family, and they got a new truck free of charge, but not a great first impression.

[@captainjacobkeyes6733]

That’s insane! Nobody was hurt? It just burned in the parking lot?

[@lucre113]

First impression of rivian, or the family? LOL

[@DoctorBiobrain]

I don’t normally victim blame but anyone who fell for the obvious supervillain wearing a mask wanted to be scammed.

[@coachartifitness4621]

Saw it from a mile in 2020. I tried to warn idiots I knew but they didn't listen. Can't tell you how satisfied I am.

[@wheressteve]

Schadenfreude is delicious.

[@user-yt198]

"Only two things are infinite, the universe and human stupidity, and I'm not sure about the former." - Albert Einstein

[@joannewalker7863]

Outstanding job done by *Charge backtools* - I'm so glad you're out there battling these vile con artists. We must take every precaution to protect the general people and the elderly from these vile con artists!! Bravo to you! You ought to be awarded the Nobel Prize for protecting us. Big up, brother

[@polymathx_]

Waiting for Adam Neuman video after flow shuts down 😂😂

[@AndrzejBMF]

YES

[@victorsegoviapalacios4710]

Anothet day, another crypto scam

[@bacool]

Many such cases yet to be discovered in coming months to years still

[@p.d.stanhope7088]

More fraud involving cryptos???? I'm shocked, shocked!!! Well, not really.

[@chris0000924]

Stock market has 20x the frauds

[@George43_]

Bravo, *Charge backtools* -I'm so glad you're out there fighting these scumbags. We must do everything in our power to protect the elderly and the general public from these despicable scammers!You're a true hero, my brother.

[@aenorist2431]

A crypto anything is already a fraud. So you are saying they failed at one fraud to then succeed at another?

[@LIONTAMER3D]

Why do people keep associating "bitcoin mining" with "free money"?

[@Jordan-Ramses]

You have to give it to crypto. They really have a lot of different ways to lose money.

[@theIdlecrane]

Oh wow, I actually went to school with Sam Lee, but just never believed him.

[@theIdlecrane]

This guys would turn up to reunion BBQ wearing a Tournillon watch, talk about having an office that is too big so it is being used as a Yoga studio for his staff… just a complete tosser

[@nielsdegraaf9929]

How about that "failed" btc etf, can u make a part 2? Seems to be more inflow than outflow at this point in time

[@mikeh.1130]

Surprised Kathy Woods didn't jump on this.

[@samsonsoturian6013]

She was restricted because she is an ETF manager

[@TacticusPrime]

This just goes to show how fucked up the wealth transfer has been over the last 40 years. There are people who can blow this kind of money on obvious frauds?

[@tripplefives1402]

Why go to a casino or buy lottery when you can lose money online at home?

[@letsburn00]

It's because these people are extremely desperate. "Work hard and you'll have a reasonably successful life" doesn't work for many people.

[@stormryder4305]

They think if they can rug pulled fast enough, they can win a lot. Too bad, like any other Casinos, The House always win. Don't feel sorry for them. Gamblers knows their risk.

[@KanagaDeepanN]

Always remember that, "A Fool and his Money can be easily Parted"

[@ChrisJohnson-tn1mo]

They invested in all that mining equipment but not in solar panels to save on electricity? 🤦‍♂️

[@SINERGYV1]

Solar panels can’t produce enough electricity for crypto mining. Solar is basically useless for energy intensive purposes. Ask yourself, why aren’t EV’s self charging using solar panels?

[@ChrisJohnson-tn1mo]

@@SINERGYV1 what you are saying is absolutely false. I am an electrician. Lol Cars don’t use solar panels because they don’t have enough surface area. Comment back with less ignorance next time. Lol

[@OffGridInvestor]

​@@SINERGYV1as someone who ACTUALLY LIVES PRIMARILY on a stand alone solar system, you can easily run multiple circuits on a single solar panel. Ffs I used to run a slow cooker on 2 panels. Now if you pack the circuits together and have a few THOUSAND mining rigs, that'll need a few hundred panels.

[@mtmadigan82]

I still don't understand why there's not prisons full of these kind of guys....

[@anjelica948]

In the states at least, there are two main financial bodies that govern finances- the SEC and FTC. These entities can only bring Civil charges, which do not have prison sentences (that I am aware of). The DOJ is the entity that is capable of bringing criminal charges (which can put you in prison), but getting all three bodies to work together is usually difficult and a lengthy process that can take years for just one person, and usually requires the cooperation of conspirators, such as what happened with SBF/FTX.

[@mtmadigan82]

@@anjelica948 totally makes sense, and your probably right. Just frustrating watching goofballs like this fleece people blatantly. Guess you could make an argument about the investors/depositors about investing without due diligence and knowing what your getting involved in. Just hear the promise of a criminally insane ROI, and some people throwing money at them without any real consideration of how that would be even remotely possible...

[@mhbtay]

How is it that people are still falling for these scams?

[@stormryder4305]

Precisely, they are gamblers. They don't care.

[@samsonsoturian6013]

Because they know it's a scam

[@mingchi1855]

They knew it. They just don't believe they're the last remaining ppl getting rug-pulled.

[@huddunlap3999]

I am still amazed people fall for this.

[@AustralianLeprechaun]

Scammers everywhere

[@De23Rosa]

Red flags rebranding rebranding opening many businesses which fail

[@davidtydeman1434]

The sad thing is that the Australian authorities knew about this for several years and did nothing

[@Tony-m4b]

And that is proof they were in on it.

[@michaellisi7285]

I’m getting to the point where I’m feeling less bad for the people I go invested. It was very obviously a fraud and I don’t understand how people throw their money into things like this with little to no research.

[@dom7019]

I think its the opposite for some. They know its a scam but the thought is if you’re in early and able to exit before it crashes then you stand to earn alot

[@grahamjones5400]

At this point if someone said to me " You'll either gain 1% or lose 10 over the next 12 months.. Most likely lose!", then id probably invest with them. Lol

[@michaelmoses8745]

A crypto company was a massive scam. Color me shocked.

[@JAYFULFILMZ]

With those returns, $1 million invested would make you a billionaire in just 6-7 years 🤣🤣🤣

[@schwingedeshaehers]

if we take the 1% daily, it is 2 years. after a year you are around x37, and after 2 it is above 1000, which is what is needed from million to billion (with 0,5% it needs 4 years, x6 each year) (1,01^(365*years)) bzw (1,005^(365*years))

[@DEHEK]

Good to see other doing news stories about Sam and Ryan!

[@idrathernot_2]

I am mostly impressed some of them were smart enough to avoid extradition.

[@iamsioth]

Sounds like bitconnect part 2

[@BaveconsoBVBA]

Something that strikes me when I'm watching financial channels like this one ... Always do some critical thinking ... except when it's about our sponsor :-)!

[@TheSushiandme]

Hehe I told my Uncle. They don't listen to me

[@judassantacruz4071]

love ur channel. bit strange ur vid is about a scam, and the sponsor of it is a company that does options. but hey, all is allowed and legal… ish 😂

[@anush_agrawal]

Options are legal but giving half of profit back seems shady

[@schwingedeshaehers]

​@@anush_agrawalat least they tell you, (in hopes there are no hidden costs in it, didn't look at it)

[@litalpeled2055]

Your content is at the level! But I think the robotic voice , and not having too many pauses while narrating, affects the way your channel is perceived. Much respect from Israel. Cheers 😊

[@ADJLfanatic52]

It's not FUD anymore if there's this many scams, is it?

[@jonahfalcon1970]

Crypto entrepreneurs and fraud are synonyms.

[@CommandereON]

No matter what you do…never give up. 😅

[@z50king29]

Why/how do people still fall for this?? I don't understand

[@joelee8967]

So nothing happened to the criminals? So it pays to scam?

[@menow7903]

I knew this felt familiar. I was invited to one of the calls by a friend. I had no intention of investing but went on the call anyway. I dropped off after half an hour. My friend ended up in a very bad financial situation. It makes no sense to me to work so hard to give my money away to scammers.

[@keiserious]

Why do the cry-pto scammers always look weird😂

[@chesterstevens8870]

>Li and Xu Yep, they sure look Australian alright.

[@hblee88]

How many millions did they stash before they got busted? How many years do they spend in Club Fed?

[@leviticusjames8983]

Do workhorse next

[@dvidsilva]

Love the coinbase pyramid scheme ad that runs before this video

[@broca246]

How could ppl fall for this 😢😢😢

[@PiouStarcraft]

there are like 200 alt-coins that are pure scams... yet bitcoin is supposed to be the only one not being a scam... bro, wtf

[@hedgeowlinvest7902]

I am getting 340% return a year 😅. Trading only silver and oil futures

[@TheMilkman-k7p]

It’s these young guys in cheap suit sayin they have the next coin.. it’s all garbage. Theee guys should go to jail immediately

[@crypto_que]

Bro said he put Satoshi Nakamoto on 🤣

[@InvunerableSiegfreed]

I dont know why they didnt know all crypto are scam

[@obsidianjane4413]

It was around this time that my mother fell for one of these crypto scams. :(

[@HoneyLove77]

The usual suspects!!!

[@phdonme1]

Hyper Tech Fkn Hyper Tech That name tho

[@fakeplaystore7991]

ANOTHER crypto scam? My, my.

[@Stock_Holder95]

Every day, two people wake up: a scammer and an idiot who believes in a 1% per day return, and they usually conduct business together.

[@angloedu5499]

It’s sad anyone would invest money with these jokers.

[@famip3679]

What happen to that Korean guy who scammed, Doi Kwon or something

[@SanctorumDivinity]

Arrested like last week

[@kphaxx]

Another one??

[@rock3tcatU233]

Hey WSM, can you do another video about the Bitcoin ETF you told us failed? We want to hear your thoughts as BTC is approaching ATH levels again.

[@stupidbro2301]

These are always funny comments, what is proobing that BTC is at ATH? You know that there were Ponzi schemes that succesfully run for 50+ years?

[@GeoCalifornian]

1% per day return would be returns of 365% per year. /Just trust us… 😂

[@jjpaq]

From what I've heard, if he returns to China and the government decides to prosecute (for the Chinese victims/embarrassing China/because he lost favour with political allies) he'll probably wish he'd been extradited to the US.

[@NorthStarBlue1]

Pretty much. China turned against crypto really hard because they can't directly control it or where the money goes, so if they choose to prosecute him then he'll likely be hit with a nebulous "corruption" charge and never be seen or heard from again.

[@toddknode752]

why are you promoting trading options to your viewers???? That's a get rich quick scam.

[@geospatialindex]

Agreed

[@ScastPesPow]

$

[@andrewdemora336]

I'm old school I don't fuck with this bitcoin type shit I don't understand it but it seems to me investors don't do research anymore they hear something that sound good and they just give them money

[@geospatialindex]

Why are you promoting get rich quick schemes

[@samsonsoturian6013]

Vhut?

[@beautyandthesimp]

Crypto is scam. Mix real money with fake money

[@blueviserion]

Are you gonna swallow your words now regarding the Bitcoin ETFs? 😆

[@MikaJarvi86]

"Beauty"🤣🤣

[@MrTurretless]

Fools and their money...

[@tkyap2524]

We want to make money in the shortest way possible. Let others get the short end of the stick. Greed and selfishness are what fraudsters pander to despite the warnings.

[@kass794]

Greed played them 🥴🙄🤦‍♀️🤡

[@chadakoin1]

Who would listen to a joker named "Bitcoin Rodney" when Jimmy Kimmel is available.

[@ecoideazventures6417]

I would like to hire Bitcoin Beautee and Bitcoin Rodney to promote my cutting edge crypto tech idea!

[@TiberianFiend]

"Australian"

[@tripplefives1402]

The losses are gains you just have to the charts upside down.

[@vinniepeterss]

❤❤

[@Kabodanki]

extradition is a dumb things, the US will never extradite one of their citizen, but they will bully your country to do so

[@toomanyaccounts]

extradition means if a US citizen commits a crime and flee that country sends the us criminal back to the US. every year 670 to 950 US citizens are extradited

[@nicofoxhound6881]

@@toomanyaccounts The fraudster is an Australian living in the UAE. If a US citizen was scamming people in Zimbabwe, I doubt the Us government would send him there to be prosecuted.

[@grahamjones5400]

Depends on which crimes. We talking people who lied on immigration paperwork , terrorists,sex criminals, drug smuggling, war criminals or people who only criticized a dictatorship? Depends.

[@patrickestonilo8241]

I don't trust crypto. Anyone willing to scam me 1 cent. Bwahaha

[@johnnyward8937]

"Promosm" 🤦

[@tronghungdao251]

😂😂😢😮😮😮😮😮😮😮😮

[@mgu1N1n1]

What is the purpose of making a video like this? Yeah, we get it... there are bad actors in every space and every asset class. This is just cheap, easy prey... go do some real sleuthing in the bank industry if you want credibility.

[@anush_agrawal]

Because people are still falling into these fraud schemes

[@ZoTrAcK]

Bitcoin = Hope, Crypto = Fraud

[@abel8831]

Bitcoin is literally crypto

[@ZoTrAcK]

Bitcoin is the total opposite of Crypto but if you don't get it, I don't have time to convince you@@abel8831

[@ax3226]

So 1million would make you 10k a day 300k a month and 3.6million a year with one percent everyday 😮

[@bulletflight]

So many scambots promoting charge backtool? Tools indeed.

[@ax3226]

365% every year literlly!

[@andymsales]

1% per day sounds like the Bernie Madoff promise! It's unbeleivable how much money gets "lost" due to scamming companies like this. Great content as always, I'm intrigued with these types of stories as it build knowledge in what to look for when investing, thanks @wallstreetmillennial

[@deloretada8646]

*Prophecytrace* . The knowledge I’ve gained from you has been invaluable. While I may not retain it all indefinitely, what will stay with me is the way you demonstrated genuine concern and motivated me to persist and embrace positivity. This mindset is crucial for personal development and has the potential to create a profound and enduring impact on future generations through your remarkable achievement…..

[@George43_]

Bravo, *Charge backtools* -I'm so glad you're out there fighting these scumbags. We must do everything in our power to protect the elderly and the general public from these despicable scammers!You're a true hero, my brother.

[@bulletflight]

Scambot

[@joannewalker7863]

Outstanding job done by *Charge backtools* - I'm so glad you're out there battling these vile con artists. We must take every precaution to protect the general people and the elderly from these vile con artists!! Bravo to you! You ought to be awarded the Nobel Prize for protecting us. Big up, brother