How This 31 Year Old Woman Scammed JP Morgan

In this episode, we take a look at the story of Charlie Javice. A young entrepreneur who lied her way into a deal with the largest bank in America, JP Morgan. The bank quickly found out about the fraud and she could now be facing 100 years in jail.
Intro: Burn Water - Getting Older
Outro: Burn Water - Adomania
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Producer: Dagogo Altraide

[@SamTheSubSaharan]

Had she defrauded the public, she'd have been let go with just a slap on the wrist, unfortunately for her, she messed with the banks!

[@lovefitstudio]

Fortunately for the public.

[@PaulRudd1941]

​@@lovefitstudio well I'm glad someone is thinking of those poor billion-dollar banks! Thank goodness, what would we do without you?

[@LaczPro]

But what if a bank messes up? A lot of cover ups, of course

[@Battleneter]

I was thinking the same thing. Con $200K out of old retired person the cops won't even bother investigating, steal from a corrupt major bank and they will throw every resource they have to bring you to justice :p

[@andrewvirtue5048]

A true hero. An inspiration for all Statesman of the US.

[@BadBrucey]

I find it ironic that she defrauded JP Morgan Chase out of hundreds of millions and faces 100 years in jail while they have been convicted several times of defrauding people out of billions and no executives have faced any jail time whatsoever.

[@tonyprice2256]

It is because (((they))) are considered too big to fail, and too big to jail.

[@tonychao7297]

Exactly, looks at those recent banks failures, and none of them went to jail and the fed know well they were defrauding investors..

[@Samthemancharles]

True

[@Hewhogreetswithfjre]

There is no justice in this world

[@ICIP13]

​@D never was. The difference is that the bankers lobby (pay) politicians to put laws in place for their interests. This was never a 'meritocracy', 'democracy', ' or even a 'republic'. Europe had the monarchs, clergy and the serfs. They brought it here. The owners, managers (i.e politicians, executives) and worker bees.

[@DutchElite98]

Great decision by the engineer denying the request. Those are the types of responsible and trustworthy people we need.

[@justinwyatt8]

Yep it’s all about character

[@ilegadh]

I'm thinking she probably didn't know that you could track marketing e-mails. She likely thought "yeah if you send an e-mail and the address doesn't exist it's just gone into the void right?". The engineer knew lol

[@classictimmy]

The engineer was questioning the legality of it, not if it's ethical. He might have still done it if it was legal.

[@AmericanDiscord]

She will get a slap on the wrist and walk away with a big chunk of the money she earned.

[@tony_5156]

Engineers are held to high standards Especially ethical standards, violate those and you’ll be in absolutely massive trouble

[@xynged]

"didn't scam students, but scammed the bank" 👑 you dropped this

[@machineofadream]

She did scam students, though. Her businesses were marketed fraudulently. She was pushing scams on anyone she could. Her employees stopped getting paid. She scammed people into helping her doctor a client list. The first guy she approached to help her fake the list might have been going to prison along with her if he'd listened to her. If you'd signed up for her service she actually sold all your info to the bank she was scamming. If she had gotten her way she would've gladly continued partnering with them.

[@rembrandrembrand]

a bank that scammed people and stole there honoust earned money,JP morgan itself is the biggest thief off all time,a thief scammed by another thief :)))...

[@Sharkdog11b]

Queen 👸 🙇‍♂️

[@dnsmithnc]

I watched her in a interview. She sounded really genuine and trustworthy. I really have to brush up on my skills in identifying a sociopath.

[@tomsmith6513]

Maybe you could learn from her and develop some skills of your own . . . at making an impression.

[@sebione3576]

Maybe she is genuine and trustworthy, but doesn't see a problem with defrauding the fraudsters.

[@Dan847]

Isn't that the point of a sociopath? They fake empathy and give an outward impression of being a nice person but they're not

[@Dan847]

@@shteamerr who do you think foots the bill when banks fail antbrain? Ordinary people

[@Matser666777]

so she's a sociopath, so what do you call the banker who are stealing from you every day? Role models? fuck this western society man

[@martingotz2906]

facing 100 years when not a single banker went to prison in 2008 . such a corrupt world

[@bmoshareholderappleshareho855]

If the world was fair, all eight billion people would be wearing one shoe only and living in a cardboard box.

[@petrichor259]

@@bmoshareholderappleshareho855 Typical brainless comment of a republican

[@jamesrivers8182]

Well if they didn't make an example of her,more people would partake in elaborate scams against the financial institutions then there would be a financial collapse in that country.

[@bararobberbaron859]

@@bmoshareholderappleshareho855 Funny, though inaccurate. We'd probably only have 2.5 billion people since the excessive number of people comes from a large amount of poor people having many children and those also all having many children. As wealth goes up, number of kids goes down. Many people have multiple pairs of shoes so I'm sure we'd average out to a pair a person just fine, especially with fewer people. And there's plenty of space to house everyone. So no, if the world was fair you'd have 2.5 billion people with shoes and a roof over their head living a decent life. But this assumes that part of fairness is that humans don't bring greed or other negative traits into the mix.

[@davidgoosen1633]

If the world was fair everyone would have birth control

[@TimeBucks]

Another amazing video!

[@rasheedahmad4088]

Nice

[@rashidsatti8263]

nice 👍👍

[@DipankarBasak-kz8eg]

Nice

[@MantoshKumar-xx5ko]

Good

[@KALBHAT]

Hi

[@barrymarootner504]

Forbes 30 under 30 translates to “the 30 best fraudulent people under 30 years old”.

[@Heathcoatman]

Yep, these days being featured or listed in Forbes is a precursor to controversy.

[@dlxmarks]

In November 2023, _Forbes_ released a "Hall Of Shame: The 10 Most Dubious People Ever To Make Our 30 Under 30 List" article.

[@vedantmungre1702]

😂😂😂

[@aarkwrite7240]

@@dlxmarksForbes editor: we have a problem, too many of our 30 under 30 are getting caught. Ideas? Staff: let’s lean into it and make our list of terrible under 30s. Editor: perfect!

[@pistachiopoptarts]

Now if she had been working for the bank and was scamming people like this, she would've been promoted in a heartbeat.

[@faboge]

Yup, employee of the year award and all!

[@fontainelebrock345]

That part!

[@bunk95]

Working for the portion of the slave system marketed with specific fiction that includes bank? Arent you faking banks? Who told you slaves can do finance when theyre lied about as citizens.

[@MrKeychange]

She'd run for Congress haha

[@oughtssought1198]

I was just feeling half surprised they didn't just tell her to give the cash back then treat the whole scam as an A+ audition for jobs w/ Morgan & Chase

[@culpritdesign]

I am not surprised that Chase overlooked the fake accounts. I tried to use them for a mortgage, and no one knew what they were doing throughout the whole process. I was passed off to about 15 people in total and each person didn't tell the next person what was going on with the mortgage. They would ask for the same documents again and again. Terrible company.

[@LukeSly91]

That happens at a lot of companies lol its annoying

[@user-fk8zw5js2p]

Having previously worked at a few financial institutions, there are many high-severity risks that must be managed. Prevention of embezzlement, conspiracies to defraud, illegal business actions, and even simple addition errors can each destroy a company. Unfortunately and historically, one of the most practical and effective methods to manage those risks is compartmentalization of every business unit possible. If you've ever heard the saying about big companies that the right hand doesn't know what the left had is doing, then imagine that on a millipede with large financial institutions like JPMC.

[@temetnosce7482]

It is mildly convenient that their due diligence missed this but they have a built-in scapegoat. I'm shocked that there's gambling going on at this establishment!

[@darrenleaguecity]

Did you get your mortgage?! lol

[@big_red_machine3547]

Not surprised, considering that Jamie Dimon openly scams the market on a regular basis as part of his business plan- falsify paper gold certificates, make 50 billion, pay 1 billion in fines to the SEC, rinse and repeat. This is how Wall Street operates

[@zdravkodimitrov]

You should make a whole video about the Forbes 30 under 30 list, which is mostly filled up with people who paid to be listed there. I wonder how many of them actually run scams or end up in prison over the next several years

[@thaliaf9795]

you will know- check the background on Janice, JP morgen, National reserve fund...check what all these people have in common.

[@isabelkelley4776]

Patrick Boyle has a vid on it

[@uuuuNB]

"... or end up in prison ..." lol, good joke

[@doyouwanttogivemelekiss3097]

​@@ThomasVWorm also Liz Holmes, Theranos?

[@craigburns1599]

You should search Patrick Boyle. He's already done a video on what you said.

[@jekster]

How many 30 under 30's have gone to prison. Forbes needs to work on their selection.

[@hugehappygrin]

Until you realize that Forbes is colluding with the FBI to "catch" fraudsters. Too bad they aren't doing that to internet scammers and phone fraudsters

[@kingpingchoi246]

Forbes need to change their content. The Forbes lists are part of the disease affecting society.

[@Praisethesunson]

Forbes has to mix frauds into that list. Otherwise it's just a list of brats whose already rich parents passed some wealth down the family line. Which is too close to how monarchy works to just openly publish.

[@NOCDIB]

Forbes lost their integrity once they started selling stories. Their magazine runs on legacy and their website is essentially Buzzfeed.

[@BondJFK]

​@@NOCDIB The actual rich will pay forbes to remove their names from the list but con artist will pay the forebes to publish their names so they can market it to get investment and increase their stock price

[@laserdragonflying966]

What baffles me is that when a common person wants a small loan u get turned inside out , but when it comes to 50 million or more a nice story will do🤔

[@ingvarhallstrom2306]

Boy, wait until you hear about capitalism...

[@Koombs]

A nice story and 4.5 million users.

[@pnyhmsmx]

​@@ingvarhallstrom2306 you sure it ain't nepotism? Or group favoritism, after all she's a wealthy New Yorker.

[@La0bouchere]

@@ingvarhallstrom2306 What does any of that have to do with letting people own their own money? Or do you just not know what capitalism is?

[@jansix4287]

@@La0bouchere Maybe you don’t know. ☺️

[@bashiraloiyegaruba1703]

You should do one on the so called Forbes prestigious list and its history of picking fraudsters over the years.

[@nishant54]

Warch how money works channel immediately

[@celozzip]

oy vey! anti-semite!

[@supersardonic1179]

Forbes is a paid for list.

[@cinifiend]

Pretty much everyone on the forbes 30 under 30 list is a fraud to varying degrees. Some just manage to get away with it and make millions while others just get caught. In the end there are more frauds than legit business people on these lists.

[@internet_userr]

This gonna blow up, faster than James Charles getting cancelled

[@AlterRaigo]

As soon as I heard she was in Forbes' "30 under 30", I knew she was a crook.

[@susanw1863]

Lol I have learned not to listen too much into what Forbes has to say

[@greenearth9945]

Everyone in the forbes list is a crook

[@ErectedGasCan]

Yep, Forbes is like a gallery of fraudsters, crooks and perverts.

[@zdelrod829]

​@The LIM Report and it was made worse with good old Sam Bankman Fraud.

[@jimyoung9262]

Lol. Exactly

[@jeneuweenlaf948]

18K only for the professor? He virtually single handedly held up that scam.

[@nonebusiness4488]

looks like the prof made out like a bandit if there were no charges against him

[@alainportant6412]

That's what you get when you do business with these desert people.

[@rao8559]

@@alainportant6412 and here we go.... is there a shortage of gentile scammers?

[@rao8559]

seems he didnt do a very good job as most of the emails were junk

[@dangermouse8466]

Well, he didn't do a very good job coz those emails were found to be fake. He should have created fake emails with bots such that when the emails are sent, the bots can open them and all would have been fine for this hot looking girl. Or she should have hired some Indians to open the emails. She should have understood that sooner or later JP Morgan would have found out.

[@DigitalSamTV]

the strangest thing and almost impressive thing is how confident these people are to run with complete fake stuff and never crumble under the pressure. amazing , i couldnt do it

[@Khigha87]

You underestimate yourself, I have faith in you.

[@jdwyer5708]

Digital_Sam - You do it DAILY.. operating from a facade-self which is emotionally invested it maintaining it's own self-illusion and delusion for any number of deep soul-related reasons operating at essentially the sub-conscious level.. thus affecting how you operate in the matrix and viscerally experience it. You are a half-soul whose spirit body has a rose cord connecting you to the other half of yourself also incarnate on Earth and determining your sexual preference. You know NONE OF THIS AS TRUE YET (in your evolution).. yet look how "confidently" you operate from a set of falsehoods you do not know as yet as UNTRUE.

[@2polster]

A lot of narcist (look at TRUMP) lie as easy as they breathe. Their brains are wired different way than moral normal people who know right and wrong and are empathetic towards others as these narcist need to win/get ahead is the most important end goal. Look up the article on LA Times: "The truth behind Trump’s need to lie".

[@Dee_Generate]

@@jdwyer5708 whoa

[@AA-ke5cu]

Classic bullshit artists with new toys called the computer the laptop the internet the cell phone. You just knew is was going to happen when you were looking at fake AOL pages in a different shade of blue.

[@grimcity]

Love your work, but this one really hit close to home! From the span of 2002 to 2014, I co-developed and admin'd three progressively better online systems to ease the FAFSA process for Louisiana students (working under my state's Dept. of Ed, under two agencies and a number of grants)... the idea of a 5-minute FAFSA is even more absurd than the Theranos' blood drop scam. On a related note, I was often in contact with other states doing the same thing, so one reason she wasn't getting business is because there are a lot of states that have very robust guidance and assistance applications that are truly top notch (and free for citizens of those states). Sorry for the ramble, brilliant video as always.

[@droopy_911]

Hey your comment was quite insightful- ramble on

[@L33tSkE3t]

That is noble work.

[@SioxerNikita]

The fact that the system itself is complicated enough that essentially everyone needs guidance to do it, says a lot more about FAFSA than it does scammers.

[@grimcity]

@@L33tSkE3t - ah, I just happen to be a geek fortunate enough to be a tiny gear in a larger machine! After that role, I went private sector for a few years, but now I work with the state health dept. Doesn't pay as well, but it's more fulfilling. I mean, at a company, you're working for someone else's dream, but at least where I am in state-level grunt/dev work, I'm working for my dreams and my neighbor's in a way. It's really, really rewarding. I really am the lucky one.

[@peterimade003]

But why can't there be a unified fafsa platform, I think that's the goal she was getting at.

[@obinator9065]

she stole money from someone who stole money.

[@PandaCoasters]

Based

[@elimania1390]

From someone who steals*

[@butthole9843]

That the first thing I thought. "JP Morgan steals millions of dollars everyday!"

[@NoNORADon911]

Is this woman Jewish? 👃

[@mmartinez9764]

Has been stealing and continues to steal.

[@XYZdude00]

The insanity of taking a job at the company she scammed, and to not delete the emails that proved her deceit

[@1981Frederick]

it remind me of Nick Leeson trader in asia that was fudging his number and eventualy caused the collapse of the whole bank. I remember watching a documentary and they add said he could take a day off because i needed to keep the fudging the numbers to keep fraud from being exposed. By taking the job in JPM she could continue to cover her fraud, and maybe make it real before it get uncover, but usualy when you ve been faking and frauding before, you won't sudently become a awesome manager and sudently fix you fraud.

[@Bigwave2003]

JP Morgan to Charlie Javice: You can't scam people, that's our job.

[@funkdunk]

😂

[@SR-gt350]

😂perfect!!

[@Kerrry-34]

😂😂

[@philipthecow]

In that case it's kinda surprising she was fired.

[@brettwheeler7753]

Is unbelievable that JP Morgan was so utterly stupid as to not verify the database BEFORE handing her anything. As Michael Corleone said, "I don't trust anyone. That's why I'm still alive."

[@prometheus23c]

I don't remember Michael Corleone saying that in any of the Godfather films, which I've watched dozens of times. Is this a line from the Mario Puzo novel that never made it to the films?

[@salvo9718]

Your right JP Morgan should of verified her customer list, but they were to greedy and for that they lost the millions.

[@codaalive5076]

@@salvo9718 Judging by 2008 crisis, they could have the same "fake it until you make it" motto, or have no problem supporting people that do.

[@Elementalism]

Just like how the investment industry didn't verify the loans they were buying prior to the 08 meltdown

[@pleasantcrew]

Desperate folks do desperate things

[@Decoy0527]

This is a very well done video. Surprised that I had not heard of this case before.

[@j0t324]

Moral of the story: you don’t get away with scamming the scammers.

[@heavinw3958]

😂😂😂😂😂😂😂😂😂

[@yogeshsingla131]

You should also highlight the fact the 30 under 30 is actually an income source for Forbes. People can legit buy a spot on that list.

[@chhewee]

👍Just like people buy Hollywood street stars.😊

[@K4R007]

No wonder it’s a list full of scammers.

[@thenarrativeandwhyyouloveit]

30 under 30 is a massive joke. All scumbag scammers. Ironic how she defrauded JP Morgan Chase - Probably the most corrupt bank / open money laundering service.

[@dosmastrify]

Ah so you also watch How Money Works

[@lonestarr1490]

@@dosmastrify Dang, you beat me to it :D Greetings, fellow HMW viewers!

[@hmz6535]

She just did exactly what they have done to us for the longest! They are just ashamed because they got scammed!

[@ENFIELDENFIELD]

FYI, It's extremely antisemitic to criticize her or them!

[@lulz4lulz]

​@ENFIELD ENFIELD No, it's not. They didn't say anything about filthy Jews. 😂

[@nigelnecroz7028]

@@ENFIELDENFIELD how so? Just feels like a trigger sentence

[@ButthurtImmigrant]

#blockchain

[@rosaliamariz3207]

Absolutely Chase scammed home owners in 2008 out of homes illegally and they were rewarded by the government with bailouts

[@vinsanity982]

Yeah, it's always reassuring when someone tells you "You definitely won't go to prison for this" lol

[@EchoJ]

It's not that difficult to defraud those who are already blinded by greed.

[@amberlopez7477]

The J - People are a greedy lot.

[@johnhein2539]

A great Conman, The Yellow Kid who lived during 1875 until his death in 1975, scamming and conning his entire life through an everchanging world said that was the one single constant in his swindles. Scamming, especially those attempting criminal acts, is the perfect method, as criminals have no legal recourse, and it personally helps the conman sleep better at night. His first Con was working in an insurance company. He discovered his workers created bullshit extra charges that they pocketed directly from the customers. He wrote an anonymous letter for them all to give him 80% of it or he'd blow the whistle on it, and he created a safedrop system so he couldn't be caught. There's a little bit of cope in his story. For the Insurance customers are of course being swindled, but now these Conman are stuck doing their misdeeds for extremely little.

[@toddbellows5282]

Or blinded by wokeness.

[@benisjammin626]

@@toddbellows5282wokeness? Omg bro grow up. Banks aren’t woke. Any person using “woke” is being brainwashed into hate

[@williamparker1085]

right on

[@kiefershanks4172]

When people say "fake it until you you make it" they mean that as a way of combatting imposter syndrome when taking on a new career and building confidence/skills. They don't mean literally fake your entire life and commit fraud until you make it 🥴

[@AndrewBrownK]

in the same vein, I'd like to point out that "feeling like an imposter" doesn't count as imposter syndrome if the person is legitimately an imposter or is genuinely incompetent at their role

[@jansix4287]

You don’t need to find a hidden noble meaning for something that spells out loud "deceive as much as you can". 😂

[@Nikki_the_G]

@@jansix4287 But that IS the meaning of the term, it's not finding a "hidden meaning". It's being misused by a scammer, that doesn't change it's actual meaning.

[@jansix4287]

@@Nikki_the_G Nobody ever heard of this so-called true meaning. As far as I know there is no cure for the imposter syndrome. Just a description of the condition. If you google for both terms, you will hardly find them mentioned together. But you’ll find countless situations in which "fake it till you make it" means quite literally "fake it". Not just to convince yourself, but everyone around you.

[@jgray2718]

Well, that's the positive version anyway. There are plenty of examples of people faking success and acumen, turning that into more prestige, then doing well enough to be hired to do something else. Trump is probably the best example - he's lost more money than he's made, and yet...

[@morlamweb]

Wow. She labelled her company "Frank" referring to honesty, yet she lied repeatedly about her customer base.

[@angelarch5352]

Someday a startup should name itself "LIE LLC", or "TrickedYou Inc."...but I'm to lazy to look them up, probably somebody already did, and banks gave them money anyway thinking the name was edgy and cool lol

[@jayplay8140]

That and "PoverUp" sounds like a way to increase poverty, not reduce it

[@JoeOvercoat]

A name like that is a red flag.

[@JoeOvercoat]

@@jayplay8140 That name was meant to appeal to the contributors, employing a gaming analogy to do so. By the way the dance group Straw Hatz has a fantastic Power Up video, among many others.

[@10secondsrule]

Do you think bank holds your money too?😂

[@danielschmitt1935]

Stealing from those with power will get you prison time. Stealing from the average person will get you ignored.

[@SixSonn]

The Hypocrisy of the banks is absolutely mind-boggling.

[@ENFIELDENFIELD]

FYI, It's extremely antisemitic to criticize her and/or criticize banks!

[@ButthurtImmigrant]

#blockchain #bitcoin

[@lanthanumlanthanium6373]

@@ENFIELDENFIELD That's not even a real term. It was made up from the adl after a guy named Leo had murdered and violated the body of a young girl and tried to cover it up. The town ended up hanging him thankfully.

[@Elyricist746]

Personally….I think it was quite brilliant. Americans and other foreigners are scammed everyday by hidden fees, or companies taking your money quick but getting your money back in 5-7 business days, etc…

[@righteousone1]

Sounds about wyte!

[@absoluteashish]

Its extremely stupid to think that one can fake over four million email accounts and send the fake data to "the top most bank" and not get caught. Sometimes I have personally seen in the startup world that young people overestimate themselves and rather than build a robust business they are more about chasing a self image about themselves.

[@avamasquerade]

They're just imitating what they think they see without having enough intelligence or cunning to see the complexity just beneath the surface.

[@james-p]

She was too busy "working on her brand" lol.

[@PenisMcWhirtar]

Thing is, with better people around her, she could have actually gotten away with creating 4 million fake accounts that were maintained by bots and continued to trick JPMC long into the future. It's the lack of attention to detail that I think makes her a typical millennial - a sort of naivety that comes with not properly understanding how the internet and fintech work because they came into it a bit late in the game.

[@rockkstarr1666]

That is what I am starting to understand. After watching a few videos about these types of frauds. That, in this Age of Social Media, people are getting 'hooked' on building a 'Social Image'. And thinking that the whole world puts as much stock in that '[social] Media Image' as the people they see around them (on social media) do. Thats why they seem to be living in another world; one where they wont get caught in a blatant lie... I'm thinkin', why dont they just put that energy, effort and all their resourses into getting their platform to work. If it can't be done, then at least they tried everything! But I like the point this video makes about grifters trying to catch Money that they missed out on that they saw other people make during a period of expansion; that the economy just is not in a condition to payout. I'm also noticing that some of the HUGE GAINS that were reported in the the press recently -- didn't exist; Those Huge Gains were falseley cited / exaggerated by FTX or NFT Promoters, etc.. as part of ads and promotions. Only the founders were getting paid those amounts from the Ponzi scheme; and the allready wealthy Rock Stars, Rappers and Movie Stars, that the scammers paid to say "I made massive amounts of money from NFT's/etc.." they made a bit of cash for doing some of the publicity.

[@sasa-ix9yd]

she had 2 months to get out of US and live a life of luxury with her millions in thailand or cambodia or any other south east asian nation...she needed to use another persons name to create a fake passport and get out with the cash...by plane or boat ir any way possible...banks in south east asia will open your account when you got the cash but in western nations not so easy

[@super8mate]

JPM just needed to check the app stores download numbers. No where near 4 million. Wonder if anyone got fired for that shoddy due ‘diligence’

[@ChristopherGuilday]

It always blows my mind how there’s people that are “supposedly” smart enough to create a fake business, yet dumb enough to actually think their scam would work.

[@icyblu9836]

😂 so true

[@I-SOY-SMART]

lol

[@babyvia6712]

I mean… it did work. They gave her the money, she just got caught after.

[@maybeitsjustin1650]

@@babyvia6712 then it didn’t work 😂it only works if you never get caught . Your better off doing it legit 😂

[@freckleee]

you’d be surprised how many scams actually worked and we just don’t know about them

[@grantbearpaws]

How do these people live with the anxiety of being caught? I can’t keep the secret that I took an extra Oreo without confessing.

[@timebot000]

🤣they're born without a conscience, like this predecessors

[@Poraqui]

Without conscience and look at their bank account

[@Tropicaya]

Psychopathy has no anxiety. No morals. No fear. Even when caught, it is confident it will be released to resume it's normal function and consumption. These things are not human.

[@Love1Another-YT]

There are so called "People of the lie" as per psychiatrist M. Scott Peck. Interesting read.

[@angelarch5352]

...THAT's where the Oreo went!!! How dare you!

[@adamcheklat7387]

If people like Charlie can scam banks that easily, then the U.S financial system needs a Herculean overhaul.

[@hydrohasspoken6227]

Nah. Change Charlie with a black young intelligent guy and that scam becomes impossible.

[@KarlBunker]

She only scammed them temporarily. The remarkable thing about this story is that she thought she would get away with such a stupid scheme.

[@Rays_Bad_Decisions]

What about the professor that fabricated the customers for 18k... Wonder why the education system became woke indoctrinating...

[@dosmastrify]

​@@KarlBunkeryeah really, at least scrape REAL emails!

[@AlbanianGladiator]

@@hydrohasspoken6227 Nope, black people commit more crimes than anyone, half of them even though they claim to be an “oppressed minority”, this scam doesn’t care about race, Steve Jobs was half syrian and that din’t stop him from being successful, face it racism isn’t real but rather an idea created from people who don’t want to work, im albanian and ive seen albs be racist, but i have NEVER seen an american be racist towards me or anyone (except black people)

[@YourNameYourSoul]

"Because of her personality, we didn't trust she could get started in a real way" That is hella cold bruv

[@AdamSchadow]

The worst part of this is if she had just been a tiny bit more careful she could just get away with it. Makes me often wonder how many very successful companies that we know about are simply scams that managed to avoid being detected.

[@subssina6970]

So many startups do this, its actually insane. and often investors do not care as long as it inflates their return. JP Morgan only freaked out because they were at the to of the pyramid

[@nnn4341]

I wonder about that too because I've worked for borderline scam companies in the past. I interned in email delivery ops for a digital marketing company ~15 years ago-- our main clients were shitty for-profit universities. We would generate leads (aka ensnare prospective students) for them and our revenue came from what those FPUs allocated as part of their marketing and outreach budget. They took in all this federal loan money + tuition payments and we got a cut of it. We also purchased lists of emails from data brokers and sent those people the dumbest clickbait ads from our other scammy clients-- this involved some dark UX patterns that made it very easy to opt-in but rather hard to unsubscribe (we did get fined for this occasionally under CAN-SPAM). There's a spectrum of scamming and grifting... hard to know exactly what's happening within any given company unless you're working there.

[@mulanlovesmilo]

I was 9 years old when I picked up my dad’s warren buffet book in a basement spring clean out and read -if you can’t understand how a company is making money -don’t invest. Do your research, but if it doesn’t make sense -don’t invest.

[@VictoriaWonders]

Ai will trace them in faults anything developed by autistics is honest

[@n-i-c-k]

@@nnn4341 I just wrote a similar comment about using purchased lead lists before stumbling onto yours, which makes me wonder. If I, and some random stranger 2 comments below mine, thought up a better way to get away with this - how TF is it possible someone gets JPMC to dish out millions to them, while I'm over here grinding away at whitehat shit for pennies? 🥴

[@adriennenicole7687]

Ive never understood how scammers can be so knowledgeable and lack the skills to make money legally.

[@CRneu]

because they get away with it for so long. Look at Donald Trump. He's gotten away with it, for the most part, for most of his life. You think people see him as a cautionary tale? NO! They see him as something to aspire to. If you can fake it till you make it long enough you too could be president.

[@robynpayne9448]

Honestly, maybe the majority of billionaires are fraudsters, but the playbook skews in their favor.

[@nonyadamnbusiness9887]

@@robynpayne9448 Name one

[@WaveRider1989]

​@@nonyadamnbusiness9887bernie madoff

[@Mike37551]

She’s not that knowledgeable. There are rules for running a successful con. JP Morgan not only quickly found out they were conned, but she was still around when they did 😂 She really thought she was some sort of businesswoman, when she was really just a con artist.

[@cathyeller5722]

One way to tell if your being scammed or not, is if everyone else thinks they are charming. They are good talker's and everyone loves them. I remember a couple of years ago even Oprah said if you have good communication skills you can get by with anything. It's true, dress nice, good talk, be humble and you have people falling at your feet.

[@tomlxyz]

I think you can specify it a bit further and call it suspicious when the person gets more attention than what they allegedly made. If you think of all successful companies the CEO isn't a celebrity

[@darveyp]

I love this comment. Thank you!

[@viscious_uv2]

The Pied Piper Affect

[@mizukagematt1186]

People love to feel good rather then do good

[@jamescaley9942]

Worked for Ted Bundy, for a whlie.

[@monicawallace-jn8tl]

🤣🤣🤣 Anyone notice that Wharton produces famous conmen and conwomen graduates?!?! 🤣🤣🤣

[@analea6531]

Yeah. They should officially offer a con artist major at this point. Their graduates seems to love taking a lil jail internship to build their resume 😂😂😂

[@monicawallace-jn8tl]

@@analea6531 Good one! 🤣🤣🤣

[@andrewdrotschmann6885]

the scarier thing would have been if she decided to start an MLM company and hurt ordinary people directly instead of a giant corporation, and she would've still been duping people to this day and get away with it

[@Jean-ni6of]

This is hurting ordinary people.

[@createa.googleaccount713]

Like JP Morgan?

[@thebestcentaur]

She scammed the rich. That ALWAYS has consequences

[@Tehrawrzorz]

No good deed goes unpunished

[@leexiong2128]

Should've just stuck to scamming the middle and poor class like the current people in power.

[@cfltheman]

That was why Madoff got more time than killers.

[@Matanumi]

Scam the public not so much....

[@burntnougat5341]

More accurately, she scammed the jews. No one gets away with that

[@elijahsalinas1695]

This all could’ve been avoided if JP asked their interns if they’ve even heard of the business😂😂😂

[@shop-a-holic3194]

lol! I was thinking the same!!!

[@burntnougat5341]

Common sense isn't common, even to big banking companies

[@grimcity]

Brilliant!

[@farishanafiah8461]

​@@burntnougat5341 For them, it's all about money. Common sense is dead to them.

[@ohredhk]

The intern would have heard of it. The company was all over the media. It was in fact an actual functioning company with real customers. The problem is that the number was no where near what she was selling to JP.

[@robertkaiwai6779]

Defrauded a company, that along with most Wall Street banks, have been doing the same for decades

[@plumlogan]

Girl defrauds JP Morgan - goes to jail Now do the story where JP Morgan consistently defrauds millions of people and ... Nevermind

[@CerUz100]

Banks are scamms publicly accepted lmao

[@politicalfoolishness7491]

Exactly.

[@oldmandoinghighkicksonlyin1368]

It's because she's garbage at scamming. SBF and Bernie Madoff -- those are the ones that make the headlines. Plus she probably started crying and offering BJ's in order to be let go. Everyone rolled their eyes and then just let her go.

[@sim.ulationkoyo]

Trump defrauds America - goes to white house.

[@drttgb4955]

@@sim.ulationkoyo someone starts developing dementia and gets shoved into the white house.

[@conqueroroftheinternet]

I have explosive diarrhea.

[@ColdFusion]

I actually didn't hear about that. That's insane!

[@conqueroroftheinternet]

@@ColdFusion It is!

[@didndido3638]

@@ColdFusion "On September 26, 2021, the New York Times reported that Samir Rao, COO and a co-founder of the company, had impersonated a KZbin executive on a conference call with Goldman Sachs. The meeting was an attempt to secure a $40 million investment."

[@litDevYT]

@@ColdFusion video?

[@enargins]

@@ColdFusion And another one bites the dust.... Ozy Media and Its Founder Carlos Watson Indicted in a Years-Long Multi-Million Dollar Fraud Scheme Thursday, February 23, 2023 For Immediate Release U.S. Attorney's Office, Eastern District of New York Watson and Ozy Senior Executives Allegedly Defrauded Investors of Tens of Millions of Dollars Through Fraudulent Misrepresentations and Impersonated Media Company Executives During Negotiations

[@TheSushiandme]

What i learned in the 2000s is to be rich you have to be a fraud.

[@bluecollarmenproductions]

Everyone in 30 under 30

[@xplinux22]

This is the crux of the matter, IMO. The bulk of my life has been post-2008, as a young millennial / older Zoomer. I grew up in the wreckage of the monumental financial fraud perpetuated by the big banks, and I've been working in an unhealthy economy distorted by abnormally low interest rates for all of my adult life. It feels like the only way to achieve "success" in this environment is not with hard work and discipline, but with hand-greasing, exaggeration of claims, and lucky connections. I'm saddened and disgusted, but also not entirely surprised, that younger folks with zero moral compunctions, feel that brazen fraud is the only way for them to get ahead.

[@monsieurVi]

UNLEARN

[@kapsican]

what shocks me the most honestly is the idea that businesses get sold because of customers instead of the actual product. literally selling people for their own profit. this is not the world I want to live in

[@Vikculp]

She's the real life example of "Fake it till you make it, until you don't"

[@vincentconti-jb3hd]

Nice. That was my motto . Not the "until you don't" part. I crossed the line in a small way several times. My first mortgage...giant mortgage company... The loan broker handed me a stack of paper and said ..sign them.... we'll fill in the rest. Then he asked me "how much would your boss say you make"? I realized Bruce .. really Bruce.....not even really my boss as I was a subcontractor, he would also sign anything not outrageous.... I got the loan obviously....later when I became a builder I found this was the norm. ...appraisers would ask me what the appraisal needed to be!!!!!! I never defaulted!!!!! I thought about going into the big numbers....I'm not sure what stopped me!!!!!

[@Vikculp]

@@vincentconti-jb3hd maybe it was right dude that something stopped you, maybe it was your own subconscious , you fly too close to the sun , you get your wings burned. That's where the " until you don't " part comes from.

[@sim.ulationkoyo]

How she went on a media frenzy tour with podcasters and youtubers and influencers. That kind of thing spirals out of control and gets a life of its own.

[@Vikculp]

@@sim.ulationkoyo You can scam almost anyone in today's age by involving influencers, look at all the crypto and NFTs scams and its the common gullible folks who suffers and these influencers profits off the losses of the masses. Zero Accountability, Zero Regret.

[@troywillis167]

She wasn't "fakin" it or "makin" it...she was just takin' it 😂

[@EliM100]

We are infatuated with these young, "brilliant" doers. Most of them are frauds, narcissists and incredibly spoiled children

[@liveliveoriginal]

To much zeal to make quick money by any means

[@mellowmoods8393]

There was a saying in the 60's to not trust anyone over 30. That should be changed these days to not pay any attention to anyone under 30.

[@Lorangebeatrice]

I agree 100%

[@ZoomStranger]

some are, its true. I had a managing director who was so convinced that anyone under 27 had all the answers he started this in-house thing called "Future Leaders of Tomorrow" and they all had to go and listen to him talk about himself after work once or twice a week. Not once did any of them ever come up with even a sliver of a fresh idea. Company went broke and now that MD is working as a construction site manager and probably copping heat from many people he ripped off on the way down.

[@mellowmoods8393]

@@ZoomStranger Damn, that's the saddest story I've heard all week!

[@ziolan8970]

If she went and pivoted to a marketing agency she'd be famous rn

[@JustChillinOnThe5thFloor]

JP Morgan should have hired her as the marketing head instead of sending her to jail. She fleeced them so well.

[@davidjma7226]

Marketing is a far more professional discipline than you think. It is a key strategic function - not the 'con' department! Grow up, you clearly have very little business experience at all.

[@cybercat1531]

^^ oh look we found the marketing guy.

[@davidjma7226]

@@cybercat1531 You bet!

[@editg121]

hire her to do more frauds and let Jpm lose billions for frauds?

[@vshulkin]

Netflix will to make another show.

[@auntlynnonline6206]

The difference between this story and the FTX story is that in this story, she tried to steal from the legacy system, which is absolutely NOT allowed. With FTX, they were stealing from regular people, which seems to be totally fine with the SEC, etc…

[@teniente_snafu]

To be fair. people go crypto specifically BECAUSE they want to avoid any regulations and government oversight. They got what they paid for.

[@auntlynnonline6206]

@@teniente_snafu I don’t mind having oversight & regulations… if those put in charge of those were not corrupt AF. I don’t think I’m alone it that sentiment.

[@Mayhzon]

FTX and Bitcoin and all that are grey markets. The government and Big Bank don't have control over it. That's precisely their sales pitch yet also their downside. If someone steals legacy money in a legacy market from you, you'll be amazed to find law and bank will side with you. Then there is also no motivation to help people who get scammed in Crypto for the very reason I just outlined. By going Crypto, you send the message that you want something alternative. Listen to what agents of Big Bank say about crypto. Warren Buffet for instance has repeatedly said, he'd never deal in crypto, not even if the deal was lucrative and skewed in his favor. Because Crypto isn't a real asset, it has no real grounding. So whenever people get scammed in crypto, you can assume all legacy powers to rub hands and laugh, prolly quipping a oneliner outlining how it's your own fault by giving your trust to these crypto entities.

[@auntlynnonline6206]

@@kethmarhkfy7luf.263 Yes, FINALLY. It took them long enough! Sam Bankman Fried was NOT handled in the same way another person who committed a similar crime would have been.

[@johnkessner5775]

You forgot to mention how FTX also gave money to politicians. Our government was in on it. But that’s ok like you said since done to the people.

[@selkenshin]

Imagine how many fraudulent/shady companies are currently operating right now that we don't even have a clue.

[@bitcoinisfreedommoney.fckt2663]

and once you start looking at their OY-BERGSTEIN-VEY surnames you'll find they all have the same thing in common

[@cpK054L]

​@@bitcoinisfreedommoney.fckt2663 Reeeeee!!! Stop noticing!!!!!

[@crand20033]

We run into them from time to time. That's when we all get scammed.

[@righteousone1]

Sounds about wyte!

[@surelywoo]

Great video! You made the story interesting. Free money and social media help to enable fraudsters, but people have always been lazy about due diligence and there is a hysteria to find female entrepeneurs that makes the situation ripe for an unethical person who has the right look.

[@EmeraldView]

I wish I had the degree of energy and ambition as some of these criminals.

[@Dan-uf2vh]

This is unbelievably stupid. She had a great business and threw it all away when she was a mere few years from even greater success.

[@highbread817]

The CONFIDENCE too.

[@ragequilt_]

All this literally tells me is that JP Morgan does not know how to run a due diligence on a database. A bank not knowing how to verify KYC details on potential customers sums up the brains behind the enterprise.

[@danarzechula3769]

Yes they should be fined

[@StephenDoty84]

Are you saying they should put diligence over their policy of diversity and inclusion? The company was run by a woman. Ever think that may have played a role?

[@YankeeinSC1]

Anyone could have said and should still say, "Jaime Diamond is a tool...", but imagine the social media backlash, with accusations of misogyny, white privilege and bias you'd have suffered, had you spoken out about this great "social justice warrior" as her scam was gaining traction...

[@normbograham]

Charlie, had a contract, where JPM paid her legal fees. She billed them for $5.4 million in legal fees using 77 lawyers, and even there overbilled by $830,000. She cannot help herself.

[@victorblock3421]

She's kinda cute. I'd love to meet her.

[@DL-fl5ul]

Killing any chance of ever getting hired again besides McDonalds

[@noneshere]

....I don't blame her for stealing Dollars. It's the fastest devaluing currency on earth.

[@DL-fl5ul]

@@noneshere Your country, Russia. $1 USD equal 25 Rubles just 15 years ago. Today, $1 USD equal 97 Rubles. A 300% gain in just 15 years. 10 years ago, $1 USD bought 0.60 Pounds. Today it buys 0.80 pounds. 33% increase Internationals hate the US because their immense power and wealth. No one likes the rich. However, when it comes to their money, they flock to invest in US companies, stocks, and the dollar. That shows what someone thinks. Don't listen to what they say, watch what they do with their money. People will bad talk out of jealousy, spite and there's no downside to it, but when it comes to money, they'll do what they truly think underneath it all because their is downside to it.

[@DL-fl5ul]

@@noneshere 100% opposite. US dollars have lowest inflation on earth. In 2009 1 euro was worth $1.40. Today 1 euro is $1.07. USD has gained 30% on the euro. The Japanese yen is even more of a gain. 1 dollar can buy 2x as much Yen as 10 years ago. Other countries definitely experience more inflation than the US. There's more faith in the US than other countries which is why countries like Argentina immediately cash out their paychecks and convert it to the US dollar to avoid their hyperinflation.

[@sfbeancounter]

Thank you for interesting story and very good explanation.

[@handsomeblackmuscle9845]

I will never understand America's justice system. A person who defrauds thousands of people can go to jail for 100 years, but a drunk driver who hits a car and kills someone can get out of jail within 20 years!? Sometimes even less than that. Like what? How does that make sense?

[@koolkitties8552]

Because that's an accident this is done intentionally

[@Morcap]

Because money is more important to the [Anglo-Saxon] society than any human life is; and the laws reflect that.

[@tigana]

@@MorcapBingo

[@asiatic2623]

Defrauding thousands impact thousands of lives and is deliberate. A drunk driver killing someone is indeed unfortunate, but is an isolated incident .

[@Morcap]

@@asiatic2623 Drinking is deliberate too (unless proven otherwise - like inflicted harm / torture, etc.). Soo..no, the law is clear; if one person takes a human life in the broad daylight in the middle of a crowded place than a good lawyer can - given the perpetrator' past affliction with the law -, get them less than 10 years (and good behavior possibility reduction). If the same person (perpetrator) commits tax evasion can get 15-25 years with no possibility for parole. You be the judge.

[@ronigbzjr]

As a millennial as well, who always had big ambitions (just not an affluent family to support them), I find these kinds of stories very interesting. During my military service ten years ago, I was in charge of a system, and I made a mistake. When my commanders asked me about it, I was scared, and I lied. The lie was found out pretty quickly and I was promptly kicked out of my unit. Luckily no one actually got hurt and nothing bad happened other than my lie, so all things considered I probably got off easy. However, it led to a huge crisis of identity for me, perhaps the biggest in my life so far, since I was so ashamed of lying, and couldn't understand why I lied. After doing some soul searching, I realized that I tried to foster this image of an amazing guy who does everything perfectly and is always successful, and at the moment of lying I guess losing that image was a worse consequence to me than whatever else could happen because of my lie. I think all millennials to some extent got it in their system that they have to be a perfect success story or otherwise they wouldn't matter. I wrote at the beginning that I don't have an affluent family, and I always thought it was a disadvantage. Now that I am slightly older, and especially after learning of stories like this one, I feel in a strange way my modest background is an advantage. Had I also the tools to do $20M investment rounds at this young age with my dreams of grandeur, I could have easily become some kind of a fraudster. The fact that I was found out so quickly and hadn't had a chance to develop my network of lies for years until I started believing it myself, was in a strange way a blessing in disguise. Nowadays, I am still of course interested in success and have very big ambitions, but I'm determined to only go about those desires in a fully legal, honest and sustainable way, not faking it until I make it, but rather building it slowly and painstakingly, even if it means I'll only reach one percent of where I could have been had I lied and got away with it. Also, life is much easier when you don't lie (about the big things, a small white lie here and there is normal). A quote that is often attributed to Mark Twain is: "If you tell the truth, you don’t have to remember anything”. Lying just takes up a lot of energy, which could be otherwise used to actually make yourself successful in a legitimate way, and it also helps you sleep much better at night. So, in summary, I would warmly recommend telling the truth to anyone out there with big ambitions, not just because it's the right thing to do, but also because, you know, that keeping yourself out of jail thing is pretty important for a good life.

[@syberphish]

As well as whom?

[@spaceengineer1452]

Ppl who join the military, are willing to kill for oil, land, greed ..whatever the Govt makes up.

[@noblecyborg-savage]

What did you lie about liar?

[@MrTmenzo]

Too long didn't read

[@syberphish]

@@MrTmenzo you mean "attention span too short, can't pay attention cuz no immediate gratification"

[@almightytallestred]

From 2000 to 2022 JPMorgan has paid over 26 billion dollars in penalties for their own defrauding and financial offenses. And that's only the ones they got caught for. They get really aggravated when someone tries to beat them at their own game.

[@FrankMatthews001]

💯💯💯💯💯💯💯💯

[@youniverse6841]

You took the words right out of my mouth!

[@silviachicos155]

Yes but this is why we invented companies - to take personal liability and shot it to entity liability- you are not punished the same if you do things under umbrella of a corporation and pretend “you didn’t do it on purpose”

[@I-SOY-SMART]

lol

[@2bfrank657]

So two wrongs DO make a right? Got it.

[@kennyd3576]

Jp Morgan's desperation and greed explains why they got duped. Greed looks past all the red flags and chooses to believe lies

[@sushimamba4281]

How could they have accepted that deal and paid her without checking the customer list is real? That's incredibly poor due diligence!

[@noth606]

Not sure how you'd do that based on the info they provided, I've received emails claiming to be from my bank etc, I immediately flag them as SPAM and block and report the sender. That should be everyones reaction, banks have to communicate some other way, they can call me or send me a letter. If they call me, I typically ask them for paper mail regarding what was said as confirmation.

[@dashmeetsingh9679]

@@noth606 They could check with FAFSA. If there was a jump in students claiming those scholarships or not. If there was no change in trend, then the company whether had or not had 4.5billion students is worthless. Seeking trends is relatively easy. Paid info for sure, but relatively easy for organisation like JPMC.

[@relo999]

Combination of both trust and privacy issues it would bring. Checking private citizens financial details by a third party is a rather big no-no. Which basically meant they both legally and for the stability of the deal couldn't check until it was already finished.

[@DudditsJoeFinemusic]

Actually it's not, it's just pure GREED! :-) They thought it's a great opportunity to make money off the back off poor students, and took a byte! 🙂

[@marthastewwart]

Crazy how you get a longer jail sentence stealing money fron a bank than attempted murder (which is usually 15 to 25, but many cases where its under 10)

[@doristhompson5912]

I understand your point. Then again It's All About the Money. So sad ... I am disabled critical care nurse( the nurse that keeps you alive until a Dr. arrives). Now, bank foreclosed on my home in the middle of a mortgage loan in 2016. The bank robbed from Me...

[@kerenturner6482]

If for es wallet put me in photo on construction but fails to let me log my put it in print costs. N awards of worlds richest models things all the jobs lists places switches to hide I guess on so many alerts

[@kerenturner6482]

Forbes wallet n rental offices n school n things. It's such a mystery build a boat movie or bridge or temp travel DVD n giftcard webpage changed access

[@lemonstrangler]

its because of the number of crimes commited

[@TheMarie6952]

Charle took a chance to scam the scammers. It happens all the time ❣️

[@abubakar31]

But bank defrauds public billions they face a small fine, no prison time.

[@kingofchrono]

Another phenomenal video Dagogo! You truly set the bar when it comes to educational documentaries. I have sent your videos to 100's of people to educate them.

[@8088I]

I gotta feeling Carl Icahn will be CF's next such feature, ... followed by Austin Russell, sometime within a year or two after. . . . :--))

[@mikepearson8865]

Quality content, as always. Thank you for your contribution to our collective knowledge, Dagogo.

[@suicidaltendencies99]

I'm astounded by the fact that JPMC in its due diligence report failed to confirm a simple email list was fraudulent before the deal closed, not 2 months later. Like buying a car being told it runs great. Then after the purchase, discover there is no engine.

[@ArtlikeDaVinci]

😂😂

[@PrivateJoker0119]

there are strict data privacy laws which prevent them from seeing if those email addresses are real... Javice is smart to exploit those but still too stupid on how everything works

[@bmcodingchicago6369]

😂😂😂😂

[@hb1338]

@@PrivateJoker0119 A smart company would have asked her to show them the email list in operation.

[@PrivateJoker0119]

@@hb1338 no, no, there are data privacy laws which protect user data which includes their email address.. there are other ways to verify those email list without actually seeing those exact email addresses, and even then there would still be holes which Javice can also exploit

[@bnwo]

Wanting to "solve poverty" is one of the most juvenile "ideas" a young person can come up with. It's literally the standard answer at beauty competitions.

[@911canihelpu]

but her personalititties are fine so i'll let it slide

[@b22091]

Whirled Peas

[@J03Nelson]

Right, and notice how it often comes from idealism coddled by affluent upbringing?

[@BWater-yq3jx]

'The poor you will always have with you.'

[@turdeaugottago114]

some people in our nation....dont have maps!

[@orweyztungchiu5819]

A scammer scammed the scammer - this girl deserves a bonus!

[@shadowdragon3521]

You draw parallels between Charlie and Elizabeth Holmes in the video, and it's really on the nose how similar these stories are. Heck, they even look kind of similar with that creepy stare that they both do in photos.

[@ArabicNameGuy]

i love their stares dream threeway tbh

[@shadowdragon3521]

@@ArabicNameGuy 🤮

[@KE-xj9vm]

The irony is that JP may have still been interested in 300k and she would have got capital to turn it into 4mil, but at a smaller valuation. It’s not money that’s the route cause of all evil. It’s greed. Clearly didn’t think it through though in desperation. Buying 4 million legit emails would have been a way better option than generating fake ones. Like how did she think that they wouldn’t notice the first time an email was sent 🤷🏻‍♀️

[@singleman805]

I don't agree. Even with the smaller number of subscribers after digging enough it would have been obvious that there was zero value. Her only skill was her ability to look great on social media. The end.

[@teksal13]

It never was 'money is the root of all evil', It was 'the LOVE of money is the root of all evil', which means 'making money your god' . Big difference.

[@Luna-bb1wq]

I like to think that JP would have been fine with 300k but for some reason I feel like in the investment world that JP Morgan hovers over, they probably only chase the go big or go home type of businesses. Meaning if you are too small, they won’t bother, but if you are a giant business , it will be “worth the effort” to take over that business

[@DanOneOne]

I doubt that she even has 300000. I think this number is simply the number of emails that accidentally happened to be real...

[@sheilahballard1039]

​@@teksal13Amen! I was going to point out the same distinction. Greed is a by-product of the LOVE of money.

[@DesignerDave]

"Fake it till you make it," is basically condoning lying and fraud.

[@banquo60615]

A phrase popularized by Millenials; Gen Z took it and made it into their motto.

[@crushycrawfishy1765]

Only if you take it at face value. There's nothing wrong with acting like you're good at something until you actually are good at that thing. It is not a phrase that condones fraud, laziness, theft and outright deception.

[@imonbanerjee2997]

​@@crushycrawfishy1765 But it literally does? You said it yourself. "Act like you're good at something until you actually are good at that thing." If that is not fraud/deception, then I don't know what is. It OK to be confident in your abilities. It is not okay to say you can do something that you cannot.

[@jthomasmack]

@@imonbanerjee2997"act like you're good at something" just means having confidence in whatever you. It's to avoid imposter syndrome, not to feign your qualifications to get a job

[@imonbanerjee2997]

@@jthomasmack I believe from context it was clear that it was referring to "acting good" in something even when you were in reality incompetent in it. In a vacuum, I agree to what you say. But I am not sure I follow you in this context

[@trazzpalmer3199]

It was a very bad decision to remove the Glass-Steagall Act in the late 1990s, which led to the spectacular failure of huge banks during the financial crisis of 2007-2008. To prevent another disaster, Dodd-Frank and this statute both need to be reestablished right away. What happened with SVB is only the beginning of what will happen if nothing is done to address the current situation.

[@hannahdonald9071]

In my opinion, SVB was attempting to restructure their bond portfolio, which involved selling their low-yielding bonds despite the potential loss, and compensating for it by buying higher-interest-rate bonds on the open market.

[@mcginnnavraj4201]

@@hannahdonald9071 Despite the economy's resilience thus far, the SVB scenario cautions that the effects of Federal Reserve rate hikes persist. During such periods, investors must remain alert to anticipate what comes next. It is not necessary to act on every prediction, so I recommend seeking the guidance of a financial advisor, which has been my go-to advice for some time now.

[@graceocean8323]

@@mcginnnavraj4201 We’re only just an information away from amassing wealth, I know a lot of folks that made fortunes from the Dotcom crash as well as the 08’ crash and I’ve been looking into similar opportunities in this present market, could this coach that guides you help?

[@mcginnnavraj4201]

My Financial Advisor is JEANNE LYNN WOLF. I found her on a CNBC interview where she was featured and reached out to her afterwards. She has since provide entry and exit points on the securities I focus on. You can run a quick online research with her name if you care for supervision. I basically follow her market moves and haven’t regretted doing so.

[@graceocean8323]

@@mcginnnavraj4201 She appears to be a true authority in her profession. I looked her up online and found her website, which I browsed and went through to learn more about her credentials, academic background, and career. She owes me a fiduciary duty to act in my best interests. I set up an appointment to use her services.

[@jean-pierredeclemy7032]

Many years ago I realised as an outside observer that top executives often fell for other sales peoples bullshit without connecting what was happening to them with what they did to others. How could they not notice?

[@Ciesiam]

Elizabeth Moss would love to speak with you.

[@relo999]

Hind-sight is 20/20. You, as an outsider, tend to get information when everything is already done.

[@amarketing8749]

The con doesn't expect to be conned.

[@hb1338]

A friend of mine who rose to an extremely high position in a multi-national company said that a) most of the people at his level got there through ambition rather than ability b) at that level you can employ people to clean up your mess.

[@raleighkellyc9375]

Don't believe that hope Jean.they do see it their just too busy trying to get a cut before the hammer falls

[@DL-fl5ul]

Apprantly from a reddit post of a former employee with proof, that this girl was a horrible person. Fired anyone that disagreed with her. Fired the whole office at one point because having a bad day. Said she had no hard skills and never made a cent in revenue on it.

[@hhh2hbk4dx]

It still baffles me how big banks still fall into the hype of young entrepreneurs given how many examples of these we see. One would expect them to start getting more sceptical after a while.

[@tjakkobosma5872]

You only see scams because it makes a good story, they do plenty of acquisitions that go down well

[@RandomUser2401]

it's because they themselves consist out of hot air with very little to nothing of actual value to back it up. Suits and ties.

[@Tential1]

You're looking at the losses in isolation and not the wins... Factor in the wins and lol.... No duh.... On AVERAGE, if you invested in every single start up, you compound your money 15% a year, doubling every 5 years. That includes all of the failures. There's a reason people are doing what they're doing.... That's the average.... The numbers I personally see.... Lol.... They won't even let you invest even if you have the money... They literally have too many people begging to invest.

[@tjakkobosma5872]

@@RandomUser2401 they own billions and sometimes even a trillion dollars, if that’s not value I don’t know what is

[@RandomUser2401]

@@tjakkobosma5872 they _own_ jack shizzle. Those are all numbers on paper or in a electronic system with very very little actual value at hand to back it up. If even a small percentage of customers were to withdraw their assets at once we‘d have a bank run and they‘d be gone.

[@srb2834]

You’d think with her ability to finesse people like this, she could’ve sold the actual number (*assuming the 300k was real) as a solid startup with tons of additional “growth potential” but she wasn’t content with settling for just a few million in valuation. -

[@kasel1979krettnach]

i think with just some extrapolated charts she would have done better. probably the 4 million slipped in the meeting and then she thought "fuck it" and didnt pull back.

[@MM-zw8sm]

Greed ultimately destroyed her.

[@borix5007]

i genuinely don't understand how some people just live in the moment without considering the potential risks

[@amitdawar6411]

Yeah exactly! what was she thinking, that the fake users are real now? haha

[@mizukagematt1186]

Exactly smh

[@applejuicejunkie316]

Live for today mentality. Get them out of your sight with whatever lie you need to tell them. Keep on scamming until the money stops.

[@trentonasbury16]

Only one person went to jail in 08. Charlie Javice did a R/R calculation. 10 mil rob a bank with no Jail if caught or 100k+ salary?

[@royhsieh4307]

Thats the point but some people carpe Diem all the way lol

[@mashonem]

“Scammed JP Morgan” This is relevant to my interests

[@JoeShopper]

Poor JP Morgan Chase. We should all feel really bad for this morally pristine company.

[@garetjax2768]

Here is a napkin. It looks like you still have a little sarcasm on your chin.

[@lynnetrathen4587]

Pmsl 🤣 I love sarcasm

[@an67481]

Those dollars are our dollars, dumb ass, no matter the name of the bank, it's our money

[@Minamu6969]

🤣🤣🤣🤣

[@SilverShoes174]

Exactly

[@AdventureShock]

As a college graduate, the FAFSA is easy. The college tuition bills are complicated & financial aid doesn't make it easier 😮‍💨

[@HateSpeechMoreLikeBasedSpeech]

You forget that even retarded people go to college now.

[@mareezy]

Agreed

[@Fyre0]

I was gonna say this, I did FAFSA for about 7 years for undergrad+grad school less than 10 years ag, I NEVER had a problem plugging numbers in, in fact, there was an option to IMPORT your tax info straight from the IRS. EXTREMELY easy.

[@ccwoodlands1565]

The George Costanza defense: “It’s not a lie if you believe it.”

[@maxmurphy7306]

😆 🤣 😂 😹 😆 🤣 Good one

[@MrWildbill]

Her stunt was career ending for a lot of people at JPMC, from the executives that put the deal together to low level auditors that failed to spot the scam.

[@browniris6289]

really?

[@TroyMartins1984]

One would hope so, there has to be accountability at some point.

[@tillitsdone]

Fired executives just get executive jobs for another company. It's far more common than most realize, where even terrible execs will bounce around in high level positions, even across different industries.

[@MrWildbill]

@@browniris6289 -- I have worked in the financial industry most of my life and I can assure you heads rolled over this, they always do, once the bank loses confidence in your decisions it would be irresponsible to keep you in that position, this is just part of the territory in high level jobs.

[@MrWildbill]

@@tillitsdone -- In most cases this is true, especially for very successful executives, most go on and do well in new positions, that said, you really only get a few strikes before you are closed out of the C-suite and a few layers down.

[@MirandaSinistra]

The more I watch your videos, the more I see that's it's pretty easy to fool people. The hard part is getting away with it.

[@canadianstupidgirl2373]

9/11

[@solluxcaptor6823]

Literally just waive a sheet of paper with “money machine” written in crayon in their face and they’ll throw millions at it.

[@AmbasingKam-dr6yu]

Unless you are someone in power

[@christopherdunn3094]

People don't generally assume other people are liars. That would be very rude. Some scum will use this tendency to manipulate good people.

[@katiel.5568]

Fraud! Fake accounts. Fake business.

[@al_kuhol1751]

For some reason, I feel a lot better in my slow phase of life at the age of 50.

[@andrewedmonds5771]

Got a new drinking game. Everytime he says “QUOTE” you have to take a shot…….OMG IM HAMMERED🤣🤣🤣🤣

[@gilgamarsh]

Seriously, this is without question, definitely top 10 channels on KZbin.

[@ThisFinalHandle]

Should have just asked Cambridge Analytica for 3 million emails. They're good for it.

[@burntnougat5341]

Or Wells Fargo

[@nishantkisoon2778]

She is a genius as she understands how the real world works! Only if she admitted to herself putting her ego aside and do it properly which is not racing towards success with madness, not risking it as she knew that there will be a depper search in the fake list, knew the bank mean serious business when it comes to amount of money and will herself in the mud, and she knew it all along but took that kind of risk. Many people are giften with a sharp mind, the problem comes when they realize it and know how to use it to its full potential and be overconfident about their moves. To end those old people she said in her quote have experiences which is far greater than the sharp and bring mind and intelligence she has! Careful and being cautious which was what she needed and she was already being praised and marketed for free, one example is forbes and the rest is history!

[@clivematthews95]

I think the reason there’s seemingly more scammers is that there’s a way to expose them today. If you look back to the 80’s there were way more scammers then but it wasn’t always easy to expose them given that the corporate world was elusive and something most didn’t understand at the time. It isn’t millennials, it’s the digital footprint. So in some ways we have to be thankful for the internet

[@Endle185]

Really. Be thankful for being watched and leave info everywhere u go?!?!

[@erikscott5709]

@@Endle185 I know what you're saying... yeah. On the other hand (grin), if you're going to be a criminal you pretty much have to stick to fraud these days. Automatic license plate readers has made violent crime impractical. I'm half jokingly sarcastic, half not.

[@isaacchumfong]

The bottom line is never lie. Fast buck through fictitious means will always inevitably land you in trouble. And deep inside, what did she really intend to do with all that money? Just to show up and play big.

[@alfonsorodriguez5449]

A truly masterpiece of investigative journalism.

[@ryllaresler532]

I think some kids are being raised with a combo of privilege and ridiculous expectations in a world where we are always comparing ourselves to others. It isn’t real, and seems to create the idea that being real (honest) isn’t important. I really appreciate your videos, thanks!!

[@karenwaddell9396]

I miss the old tv shows… the Real Mccoys, Dennis the Menace, leave it to beaver. Gave you a warm feeling of honest acceptance of your station in life. I believe Lifestyles of the Rich and Famous began the greed downfall.

[@kathym3188]

Yeah, I think that’s it. I wouldn’t exactly call it privileged in a „they don’t know real struggle“ way, but their/our parent generation doing well for themselves certainly gives a huge head start when financing a business/fraud. As for why millennials are so brazen: they/we grew up in a pool of sharks, and are only learning from the best. There were scams in the past too, that were bigger and much more insidious, but those were suit and tie wearing white men. Now we have women and crypto bros, and society is shocked when they commit crimes.

[@denilsonj.5561]

and you think bankers are honest?

[@redfo3009]

Like holmes she was rich and thought she could do whatever she wanted if she just asked the right people.

[@justincase4812]

" to create the idea that being real (honest) isn’t important" This is exactly what social media is. A FABRICATION of oneself. It is also unfortunate that platforms like LinkedIn are also now ubiquitous and "accepted". The sociopathy and conniving and fake presentation of oneself has never been higher.

[@billmacp]

excellent video dude, thanks

[@neilreid2298]

What astonishes me about this story is how she really didn't think she'd get caught. The illusion had to collapse when it came time to execute connect with "4.2 million people". Just...wow.

[@dianabaskin1944]

I know she basically sold a large database that didn't exist. Didn't she think they would use it and find out when no one contacted them or there was no action or reaction. smh

[@Barefoot433]

It's like, if you'd dare such a thing, you'd have to be running on 3 layers of fake IDs going on a decade or two. The real her got caught!

[@varunemani]

Atleast with 70-80% of such frauds, ego and greed vs realisation (Latter requiring genuine maturity / intelligence / honest experience) realisation hardly ever went hand in hand with the induvidual ego and pure greed. If she was smart enough she would have known well not to peddle the 4.2 million lie at some point unless she could actually pull it off and for that she needed an actual product which virtually is just another text book idea but does not exist in the real world. Considering what startups like FB and later Whatsapp achieved in terms of customer base, you really can't do that with 'Fake it till you make it mantra as your excuse for everything without an actual working proven prototype.. unless your a Dodo like her believing any shit including her own!'

[@righteousone1]

Sounds about wyte!

[@sharkusvelarde]

Liar's believe their own lies, literally lying to themselves.

[@brightballoon]

1% of the emails sent out by JP Morgan were opened: that's 4000! I'd hate to see the number of tabs she had open that day.

[@hellbound64]

There were still 300,000 real customer profiles that emails would’ve been sent to