The Real Estate "Mogul" Only Making $2,000 a Month

[@onyx9857]

Anybody who claims they made millions and “lost it all” multiple times is only showing me they don’t learn from mistakes.

[@RoolSkool]

💯💯💯

[@topazblahblah]

👉 That's assuming they're actually telling the truth.

[@D-Charles]

Aka Dave Ramsey

[@deannaelena8102]

I’m not lying as much as others are as well

[@madbarber1670]

So how ya feel about cheeto #45 and all his bankrupt scenarios or Dave Ramsey

[@reddtrem]

OMG!! I know and met him in person. I heard about him before I met him tho. I was working for a large financial institution in the wealth management department for over 12 years, 6 of those were in Atlanta. He was a prospect for the banker I was supporting so, I was in the meeting. He brought like 3 assistants with him and couldn’t really give us real asset numbers but had extensive “demands” or desires is probably a better word. When we finally got his financials we realized he didn’t qualify to be in Wealth Management because at the time you needed $1M in liquidity. He didn’t qualify with personal assets or business assets. That’s when I realized it was all B.S. I was shocked!!!

[@williamhodges3941]

No, the group you represent was more than likely " racist " See fixed it for you!

[@reddtrem]

@@williamhodges3941 I’m black and so was the banker. Fixed it for you 🙄

[@reddtrem]

@@williamhodges3941 btw, our group did take the Tulsa Real Estate fund as it had $5M. But Jay Morrison personal assets and business assets combined were under $1M so he didn’t qualify.

[@ambercoleman3519]

Met him as well earlier this year. Definitely got scammer vibes.

[@williamhodges3941]

@@reddtrem Liar.....

[@paul734]

Spencer you a real one from this. As a black man, I'm disappointed that people like Jay target blacks and our impatience with the concept of delayed gratification.

[@raylin5905]

Exactly

[@marshallkelly5769]

Facts

[@boredandonline]

He just helped to open the notion that there seems to be a segment of Blacks who break Black tradition against fast talking people asking for your money. However kinda far fetched to believe any real significant number of Blacks bought into this one. There's all kinds of gurus running lose and especially in these ads on these KZbin channels, kinda ironic.

[@tim_mmia]

I agree and it's sad because it's everywhere.

[@boredandonline]

@@tim_mmia even some these comments seem just as phoney

[@Kishagirl70]

I found this video and I’m embarrassed to admit that during the pandemic, I chose to learn about real estate and I purchased an online real estate course from Jay Morrison’s legacy center. It was for a few weeks and I paid close to $400. I learned the absolute basics of real estate and looking back I could have learned the same or more from watching KZbin for free or purchasing a book like he suggested in the video. While enrolled in the course, I received countless emails about other courses and calls from his workers at the legacy center about other deals. Thankfully, I only took that course but it’s really crazy to learn he’s a scammer.

[@Iron-Bridge]

It's the standard practice for these scam seminar trainers to always push for the upsell. Your warning alarm should always go off every time someone pulls this move.

[@deenad3562]

Jay is operating on a MLM platform (aka pyramid scheme with a product or service), which is actually legal in the U.S. but illegal in many other countries like even China. Its sad that the product is, like you said, a modicum of information, and the pyramid, in this case, is his own people.

[@tim_mmia]

Thanks for your honesty. You live and you learn.

[@erinmarie1334]

You could get licensed in real estate for less than all these courses they sell and up-sell.

[@KeepWatchin5.56]

LOL

[@JeromeKyng]

He's been a fraud in the black community for a long time. Many have called him out and he is in a number of lawsuits at the moment. Major scam artist for sure.

[@EnterTainment-vv1qs]

FINALLY!! Much needed and well done Jay is one of the most prolific urban real estate scammers!

[@Mr-pn2eh]

That's not Spencer who replied to you.

[@mrdeebo313]

Bro always came off as phony to me. He just talk a good game

[@wertytrewqa]

@@mrdeebo313 I wanted to give him a chance but he gave me the same vibe too. I saw him on Vlad TV once and he was talking about real estate in drug dealer terminology and my BS meter started going off.

[@eman3414]

@@mrdeebo313 Exactly

[@Nik_Key]

So whatever happened with the whole Tulsa real estate venture he was pushing a while back?

[@rainbowbrite9780]

I am so sick of these so called “influencers, real estate moguls, entrepreneurs, financial advisors” scammers. All they do is just sell “courses” and tell you they will show you how to make/ earn money and invest.

[@opting_out1294]

I’m tired of the scammer ads on this platform. Buy my book/program and I’ll show you how to earn six figures in 30 days. 😂😂

[@mainframe4051]

💯

[@mexiguero646]

That’s how they make their money. By scamming you. Your scam money is how they invest in real estate.

[@marcus9450]

Those that can't do teach.

[@dee-ski-velli6808]

They tell you everything but ...................how to do it

[@CoachForsyth]

So many scammers in every aspect of our lives...Great Job Spencer.

[@Jamerian2010]

Facts! It's really scary out here.

[@opiatebank]

Why is every scammer colred

[@Jayothechosen]

@@opiatebank Wow racist much?? Aside from the fact you said colored (are you from the 1930s?) Have you not seen this man's channel?

[@comptroller39]

@@opiatebank You know this is not a true statement. What about Trump, Steve Bannon, Bernie Madoff, Lou Pearlman, Charles Ponzi, Brett Favre, etc. The point is the scammers come in all shades and colors.

[@christianjon8064]

@@opiatebank most but not all. Look at Grant Cardone. Real estate people in general are usually pretty sleazy. You’re making money off creating the homelessness problem

[@floridadad2817]

You're doing God's work here Spencer. During the subprime crisis about 2006-2008, I got heavy into the guru scene. I ran real estate clubs in Chicago and even produced a real estate conference with a friend (small scale). I even had my own training program where I taught Chicago investors how to buy houses in Indiana for 8-12k a piece (which was totally true at the time) and start in the rental game. Producing the conference is what soured me on the whole thing. I got a peak behind the curtain on these gurus and figured out how little money they were actually worth. Believe it or not I did this while I had a dad who actually is a successful real estate investor and quietly goes about his business managing apartments, strip malls and a few houses. It's so easy for people to get sucked into this crap. Real estate is REAL WORK. It is not an armchair investment by any stretch of the imagination. If you want armchair real estate, buy into a REIT. I started raising the alarm about a year or so ago that the same guru crap that was sold 2006/2008 was raising its head up again. I'm glad I'm not the only one to see it.

[@floridadad2817]

BTW, there's something in the background that tell me Spencer has the right frame of mind. It's not Tim Ferriss though I love Tim Ferriss. It's Deep Work by Cal Newport. I don't think there is a better book out there for the self-employed business owner focused on success. What Kiyosaki would brush off as the "S" quadrant can be maximized using Cal Newport's approach.

[@CKpremium1992]

@@floridadad2817 this was a great read. Thank you! I was only a freshman in high school during the 08 recession but i remember it vividly because of how much it affected my life.. went from a great golden childhood in the suburbs of Orange County to my dad nearly losing everything.. becoming an alcoholic.. my home life became extremely toxic and my dad died a couple years later.. he died after I had just graduated HS and I had no clue what to do or how to be an adult.. I was angry and started making bad decisions and hanging around bad people.. anyways currently I’ve got a job and I trade options on the stock market.. my plan is to save up and position myself for the upcoming recession we’re about to enter to profit off it and then get into real estate when the market finally bottoms after the fed finally beats inflation, price stability is restored and pivots from QT back to QE..

[@vjoneofficial]

This is golden. Makes sense now. I followed him on IG and quickly saw through the hype. He would regurgitate entry level tips and tricks on his feed to sound experienced. Nothing that sounded like it came from a sophisticated mogul. Most of the stuff was from bigger pockets. Thank you for this

[@jay_ay_why]

The NFL Players Association (Union) issued a warning to its players a few years ago saying not to invest with this guy.

[@FAMILYOVEREVERYTHING222]

spencer exposing these fake gurus is great for society

[@inmyopinion651]

With Jays ability to raise funds I don't know why it never occurred to him to hire someone to actually manage the fund for him. He could came out looking like the hero.

[@AnthonyGerardiAndroidWare]

This... some people will let ego and pride destroy them. Do what you do best, relegate the rest. Period

[@jeffhaggarty9879]

Probably more difficult to rip off the fund doing it that way. He may end up with someone who is ethical lol

[@handsvsfood2781]

@@AnthonyGerardiAndroidWareDelegate, not relegate…

[@myballsitchsomethingfierce6319]

That requires wisdom

[@themdm_pod]

Jay invested over 1 Million dollar in transparency, audits, etc. Cleared all discrepancies. The information presented here is not accurate

[@drewmcintyre7870]

It's mind boggling how folks are willing to give hundreds of thousands of dollars to known scammers that have served time in prison and then get upset when they get scammed lol

[@RaymondDawson-v2w]

It's because we as a collective are so pathetic we leap at any easy answers to our sad lives and will enrich any slick talking scumbag hustler.

[@kawzx777]

You can find guys like him at car dealership all across America. Ex-cons make the best salespeople 🤣

[@lovelee1772]

This is crazy accurate!

[@pitbossea]

They have no morals that’s why

[@bad_money]

Gotta appreciate the amount of research Spencer puts into these videos!

[@wnderbug]

Yes indeed!!!

[@deeking5200]

He didn't , tonetalks did this same breakdown and more 2018

[@Persistentz]

Not to mention he’s gotten multiple payday loans.

[@jason-anthonygaskin7867]

I've been a fan of the channel for a while but this was a REALLY well put together video. Definitely a ton of digging done here and I can see the experience paying off (batch leads, bankruptcy proceedings, video archives etc.). As a young black guy who's been investing for 7 years I really want other black people to see this. The black grifters realized they have an unsophisticated supportive audience that's often desperate for cash and looking for representation. Really disgusting what they're doing. Thank you for exposing these guys tastefully Spencer!

[@XyThree]

That’s what bothers me the most. He knows our community, how they perceive things, and is specifically appealing to us to get over on. Then when you try to advise “us”, you already know the rhetoric you hear in return 🙄 SMH.

[@BVonBuescher]

Good luck youngster. Sounds like you’re in the right track. Happy to hear …

[@tyronetyrone6647]

I am an older black man and I agree with you do you think the Democrat party is holding our people down

[@ChrisIsObes3]

@@tyronetyrone6647 no you arent lmfao

[@aarontate8656]

Yeah and racist saltines too

[@Steamyhoodie]

I don’t comment much at all. But this hits home. Been following Jay for a few years, genuinely interested in what he’s speaking about and storing the little gems he’d drop in his videos on IG. I was actually interested and decided to reach out via DM. Within the hour I got a response, basically asking me to make $100 deposit to get in on his course/class. Something felt disingenuous so I decided to ask a bit more questions which he responded too but at the EOD I just didn’t feel comfortable forking $100 over to him for a course I didn’t have full details on. To summarize, thank you for the video Spencer. Not only does this reassure my decision but I hope this helps those who come across this video, especially young black Americans. As I feel his content is really geared towards and he actually is relatable with many things he says.

[@bblwarrantydepartment981]

If anyone is asking you to pay for some type of course be cautious high likely hood it’s a scam

[@ArvelleWhitaker]

Glad you didnt fall for the okey-doke. Guys like Jay play on emotions to part you with your money.

[@adamrodriguez5809]

@@justsomeguy2142 EOD is a used abbreviation in business not EOTD lmao. But in this sentence ya kinda weird to not just say it correctly.

[@davz203]

Look at it this way, what millionaire would respond to a random dm on social media within an hour? Then only to solicit for you to buy a course?

[@chiefs816kc]

Exactly what I was thinking. Jay Morrison is a scam artist getting rich of of blacks. He is no different from those folks running BLM collecting donations.

[@rodjilius]

Jay Morrison had me fooled for awhile during my entry into real estate. He was one of the first people I was watching and in a sense have to thank for inspiring me to get into real estate by watching his videos... But after awhile I noticed he wasn't really dropping gems in his videos he was just talking the whole time. And I noticed some people who interviewed him removed their videos. Then a lot of people were calling him a fraud. After awhile you look into it a bit and notice some truth from it. It was pretty disappointing knowing that the guy who inspired you to get into real estate was a fraud....

[@cgendrew83themac]

Same for me. He opened my eyes to real estate investing and just based on information in youtube videos i got a 4 fam. Was going to start doing his classes but started to hear rumbles about him. Glad for info, and inspiration he provided but sad he turned out this way.

[@dieyoung8259]

Thank you for exposing this scam artist. The presentation of real numbers is what people really need to see.

[@samaeltheundying]

Spencer blessing us with more roasts than Honeybaked Ham. Good stuff.

[@wildcasa9714]

Bruh 😂

[@Sheabuttahbaby]

He also was accused of charging thousands of dollars for one on one sessions, and he never followed through. He's been called out for scamming for years

[@richfree5365]

I'm glad people like you exist on youtube.

[@dwaynereed5154]

Not embarrassed to say i didn't think he was full of it.. but this is just overwhelming.. good job spence

[@floor-seats]

Thanks!

[@FTZPLTC]

Pretty shameful that he's trying to use the black community to shield himself from criticism, because it's them that he's going to burn. And while I'm always to see someone with a criminal past reform themselves, I feel like he's leveraging that too, trying to present himself as unique and unusual in a way that might encourage people to take a risk on him.

[@hygrometer]

take a risk and learn what being ghosted is if you havent already

[@mainframe4051]

It's a vast majority of these African American KZbinrs including those who use religion to lure them in as trustworthy. Then you have platforms like the Breakfast Club and Revolt TV giving them airtime. Both of them need to go off the air as well. And they'll lose funding for that eventually.

[@AngstOfCetra]

He’s a Biden supporter, that’s how I knew he was full of shit 😂😂😂😂

[@TheCastedone]

Man the I was a criminal but look at me now stories are more common then you can imagine.

[@FTZPLTC]

@@TheCastedone - Oh, I know. People love an underdog story, people love a redemption arc. And people love a story of any kind. This guy's supposed financial advice comes with a whole narrative, and that narrative is dwelt on far more than the advice because it's the part that's actually going to reel people in.

[@oscarvergara6795]

I love the work Spencer does. He doesn’t hold back on his blows to these scammers who shamelessly lie.

[@joe7wd28]

So glad you’re doing a video on this dude 😂😂 He’s been running scams for years lol.

[@j.garcia4058]

He had me fooled I thought he was legit 😂

[@fullyloadedtvNY]

My bro told me he didn’t trust him 😅

[@abcdefghi9]

I wish there were more channels like this calling out the fakes in social media that mislead others with their lies. They lie, defraud, hurt others with their lies and make people feel shitty about themselves.

[@felixcat9318]

Your videos really help people to become aware of the utter shysters that prey on the gullible. That people hand over cash without having done due diligence on the person/company is simply mind boggling!

[@Jonuh]

Damn $2k a month is less than I make at my job in grocery store lmao.

[@glamglam8347]

i think fed ex warehouse workers make 2k

[@PhatAssObese]

Let’s start a real estate index fund lol. Called “the 2k boys”

[@HH-le1vi]

@@glamglam8347 they make more than that

[@Eclipse3948]

That’s just sad lol

[@TheShowOff2I]

@@glamglam8347 Fed Ex Delivery Van Drivers make 2K PER WEEK

[@dcpugh]

To be fair, there is no "guilty" in civil action. If he's being sued, he can be found liable, not liable, or he can settle. He settled which does make you think that perhaps he knew he was liable.

[@iamDavidaRose]

Or it could be advised by his lawyers to make it go away especially when you have the money to make things and people disappear

[@drdavinsky]

I actually made millions in real estate and retried at 28

[@reddtrem]

I was confused about that myself. If he had criminal charges, a civil settlement wouldn’t dismiss the charges; right?

[@bauttiet.h.u.g.5900]

Let's understand, being a convicted felon is only a plus if you are a scammer. It's a negative if you are trying to do something legitimate.

[@JB-yb4wn]

Maybe should have taken up a career as a pharmaceutical salesman.

[@kayjeffs3741]

Not always true...as long as you do good business people won't care, and you can thrive...I know some felons who make more than doctors...legally...

[@HostileGingerATL]

Subjective. 🤡

[@bauttiet.h.u.g.5900]

@@HostileGingerATL it's an opinion that is most often true. It's ok if it upsets you. Do better

[@Based_Sir887]

You might have to grind a little harder with a stuck charge but it’s not impossible.

[@Ho11is2Ho11ywood]

I enrolled in his real estate courses years ago. It was actually valuable info. I never bought into the Tulsa Real Estate stuff or the other things he was pushing. I just liked that he was pushing the idea of black home ownership. After a while, it felt like the message started to veer too far away from that into something else. Wasn't for me

[@Mr.Edwards233]

This is crazy, I met this guy a month ago at "his" event space. He's a fast talker, and charming, you can easily get lost in his words, if your antennas aren't up. He just kept talking about that he was a pusher and he did time. He wore threads and shoes I guess to show that it was exclusive. Wow, thanks for this one, great research.

[@Kush333]

that legacy center is still open....

[@Mr.Edwards233]

@@Kush333 Yea, I've been there, there's a picture with him and his wife next to the Obamas.

[@HonkeyKong54]

@@Mr.Edwards233 probably photoshop lmao

[@clifbradley]

Spencer always does that research and the editing on this probably takes days to do. So to anyone saying he doesn't have a real job, he does. I said it in the last video, this man puts in serious work on these. Research, scripting, filming, editing. That is work. Plus th real estate and the drop shipping, if he still does that. I don't always agree with Spencer on some things like politics, but I do respect and like his channel. Great job Spencer.

[@leagueG5]

Nobody can say Spencer doesn't have a real job. KZbin pays well to content creators such as him. Guarantee he is raking in a minimum of $15k monthly. If that's not a "real" job then I don't know what is.

[@marquesridley2464]

Real talk, takes a while to edit a dam instagram reel, let alone a longer video with receipts

[@TDog4444]

Who is saying Spencer is broke? 😂 Dude is a landlord with multiple properties, and has a thriving KZbin channel. Who even knows about what other revenue streams he has in place. Sit down, son.

[@clifbradley]

@@TDog4444 Nobody said he is broke. They said he doesn't have a real job. I don't think he talked about being broke, so I don't know where that inference came from. The comment was about him not working.

[@0Ciju0]

Wait, who said this is not working? TikTok dances, sure. Researching and showcasing what he found in a cohesive manner, naw Clif; this is work.

[@CapitalGainzz]

I fell for his scam hook, line, and sinker in 2019-2020. Bought the courses, his books, spent $750 on his fund, bought into the idea of black ownership this and that. Then I noticed Will Roundtree step away, who I’m a big fan of. Then rumors started spreading about Jays mishandling of funds etc. My sister finally let me know dude was a scammer and to research him. Glad I wised up since then but it stills sucks to get finessed.

[@doinghairjust4u617]

🤔Wow Interesting....

[@TyWerks]

that's unfortunate I had a friend who told me I should. I definitely thought about it but when I saw he had a billboard in Buckhead I knew dude was shady

[@noelr1010]

Man just take it as a $750 lesson in life.

[@DotKsmGlmrMovrBtc]

LOL

[@NatHenrickClarke]

I almost got, got with the Tulsa Real estate fund, glad I dodged that bullet

[@DewTime]

I never for even one second believed he was a legitimate investor when he started conflating charity with business. He kept saying it will help the black community but he also said everyone will get rich in the process. Scammers like to use charity as a way to pray on people’s weaknesses.

[@ArushaMediaTV]

Good thing about you is you bring the receipts. Bigup. Expose these frauds.

[@williamsanders162]

Let's talk about how he scammed using the premise of the Tulsa Real Estate fund to associate it with the success of Black Wall Street a successful African American community that thrived during the Jim Crow Era to help him appeal to and exploit African American investors. Something about exploiting one of the poorest minority groups in America doesn't sit right with me.

[@nowuknow7364]

That's where I first heard about him. I aways knew he was shady. 😂

[@VirgoGoddessXxo]

So diabolical smh

[@mizsevenoneeight685]

Well to be fair, invoking “black empowerment” & the emotional Tulsa/Black Wall Street dog whistle without any actual qualifications (besides being “swaggy swaggy rich rich”) would not have been effective with more affluent/educated demographics.

[@williamsanders162]

@@mizsevenoneeight685 What is the point of this comment?

[@mizsevenoneeight685]

@@williamsanders162 Point is OF COURSE he did it where the opportunity existed because he wouldn’t have been successful elsewhere. Him being a fraudulent con man shouldn’t sit well with anyone, along with the fact he was able to do so with zero real vetting from the BC 🤷🏻‍♀️

[@codydabest]

I was originally going to say that the $2m and $1m he lost in his fund was from home purchases, but then you dropped the marketing expenses and I nearly shit myself laughing hahahaha what a dude!

[@phillyphilly1076]

Spencer exposes people more then the NSA. Don’t mess with Spencer 😂

[@Michd0417]

Everyone has a “school” or online courses. I feel like this needs to be regulated bc there are just too many. A lot of times these people make money off of selling you more courses without giving you any tangible “how to do it” direction.

[@Anoon]

Spencer was right, the end has come for Jay Morrison, time for the slammer.

[@thejimmyorozco]

Spencer, I think it’s time to make a video of all these “ financial advisors” on social media claiming the wealthy use life insurance to be their own bank Jay happen to be one of many individuals making these claims. Agents use this marketing method to sell high commission life insurance products.

[@PocketWatcherJT]

👏🏿

[@FlowNotice]

HAHAHA I remember this Jay guy from back in the day. He was always popping up during 2010s lol

[@freddiehanson4469]

😂"A fool is born every minute!" P.T. Barton, Ringling Brothers Circus

[@geraldredding594]

I invested $500 and only received a $12 dollar check. I haven't received any money since. 🤕🤕🤕

[@BossladyInRealLife]

I was a founding member of the Tulsa fund and invested $500 and I am so glad that I was able to get out very early they mailed me a check for a little under $500 (I was charged a fee for getting out ) I know a lot of people weren’t that fortunate smh J is a fraud

[@hmosesmamulu6491]

@Neil Stewart it is still in operation...he just thugging with black ppl money

[@hmosesmamulu6491]

@Neil Stewart more than sad. I know ppl who gave 1500 to him

[@Qbambinotarantino]

im a founding member of the Black House too, did it just to be a part of history, been yrs & money wasted except having my name on the board in the lobby as a founder, how do i get my money back

[@doinghairjust4u617]

🤔interesting💯

[@TheCastedone]

@@Qbambinotarantino don't think you can

[@bdubz_det]

Lets not forget that Earn Your Leisure happily had him on their program to promote this Tulsa fund when he first rolled it out. They allowed him to steal and scam the black community. They're part of this and the overall problem.

[@Jayothechosen]

The one thing I will say is that they at least took the video down just like the Breakfast Club did. I agree they don't property vet people before they come on that platform.

[@bdubz_det]

@@beatricerights honestly all it takes is listening to Jay speak for 60 seconds and you can tell he’s scammy like a pastor in the hood. They don’t vet their guests because they don’t care and it’s all about making affiliate money for them.

[@javonblue27]

They took that video down once they got word

[@TheCarnivoreSoprano]

Facts

[@keraterry6290]

Which was to late because he already launch the fund there audience went in followed invested they should’ve vetted him this guy video just gave me chills they could’ve did the samething

[@swinvesting6071]

Shawn Prez put his head down when Jay started to explain how he lost money. He knew it was just a lie smh lol. Great video mate.

[@reginat5943]

Someone finally said it...thank you for putting this out

[@rayshawnholmes603]

Spencer, on behalf of black men everywhere, thank you for covering this 🤡

[@brandon4373003]

Fr tho

[@harryheathen4733]

😂 only the black men huh 😂

[@johnstamos4325]

Now, THIS IS WHAT I didn't know I needed. Used to watch Jay Morrison until..... Thanks Spencer - 3 of em!

[@Mr-pn2eh]

That's not Spencer who replied to you.

[@michaelhaydenbell]

@@Mr-pn2eh No way, it really is, he's sending me free bitcoin as soon as I send him some first!

[@geraldineregina7069]

@@michaelhaydenbell 😂😂😂😂😂😂

[@jirenthegray]

@@geraldineregina7069 Bunch of scammers who works for Jay Morrison! LOL!

[@lebrent312]

Thank you so much for exposing this fraud! What really grinds my gears is this fool is praying upon the less fortunate.

[@Chalk89]

I went to high school with a 'best selling author.' It turns out that label is possible because a small newspaper named his book 'a worthy best seller.' Pretty sure he sold maybe two thousand books, if that.

[@J-D-P]

Still, he may not be financially successful, but if 2000 people read his book.....and if it changed the life of just one person....that's heavy. Not everything is about money and faux success. As that all success is, an illusion.

[@protoman1214]

@@J-D-P Uhm, what? 2000 copies sold is a far cry from Best Selling, my guy, no matter how you slice it. You're argument is someone who sells a small amount of books and maybe helps one person is a form of success but someone who sells millions of books is under an illusion of success? Bro, just stop...

[@Chalk89]

@@J-D-P you missed the point - he's not a 'best selling author.' That's like saying, 'one of the best chefs in Philadelphia,' because a blog with two followers said you are. We both know that the blog isn't Zagat, Michelin or a reputable site.

[@johnnyyak515]

Charles, it’s too long to explain in detail but you are right and it’s essentially legal for anyone for anyone to claim “best seller”. And it’s the fault of the New York Times. They literally won in court and push books that benefit them or their advertisers and it was found to be legal although deceptive.

[@J-D-P]

@@Chalk89 Look, I'm that best selling author. How's it going Charles, long time no see. Remember that time in High School when you did that thing!? That was fruity as hell!

[@AfrikanLifestyle]

Good one Spencer...I always knew there was something just not right with Jay. I've read and heard a lot of things over the years so this segment brings clarity to it...Thanks for exposing him..

[@sheistheonee1622]

Please do some of these "TRUCKING" GURUS who claim they are SOOO rich from trucking and don't even own a truck !

[@philenahaynes687]

This the one! 😩

[@kelvinreyes64]

JT the Pocket Watcher is rubbing his hands like Birdman 🦅 after watching this lmao😅

[@Scam-ish]

I was thinking the same thing. I want JT to do an update and figure out why we still don’t have an annual report on the fund yet

[@Gary-Leigh]

This was needed. Last time, he paid some of his investors something like $17. Yes, seventeen dollars for the year.

[@107glen]

I think they all gave $500 🤣🤣🤣

[@takoflame4948]

lol damn and u know he scamming his own community

[@HollywoodSwervo]

It’s $500 it’s not that deep

[@Gary-Leigh]

@@HollywoodSwervo It obviously is not that deep to you however it is deep to everyone else who could have used that money to enrich their lives by purchasing a laptop or by taking their family out to eat.

[@107glen]

@@HollywoodSwervo he must’ve lubricated your back side before taking your $500?

[@anthonyfair2878]

The Tulsa real estate fund was definitely a scam, since 2020 he’s only paid out 1 dividend payment to his investors

[@keithjackson2035]

I forgot all about that😂😂

[@RealiveSoul]

Tony The Closer gonna love this lmao

[@TonyTheCloser]

I sure do 😊

[@cn-yg6vf]

When someone's biggest product is online courses, but they can't show that they have done what they're teaching, thats a red flag. Thats most of this online entrepreneurship " ex

[@magicmarlie]

Any time I hear the whole "rags to riches, criminal to mogul/influencer" story, I tune out immediately. Mainly because what happens to the guys is that when they get locked up, they realize they need to trade hustles for something less risky and that won't land them in prison again. That why real estate, you can go broke and lose property, but that's not a crime unless you're committed fraud. The only way I can take your seriously is if you present your degrees and actually studies of real estate and the market, not talk to me like some battle rapper and expect my to buy your bullshit.

[@codycast]

Be carful with the “degrees”. I don’t have any and do very well (but I’m also not selling stuff to viewers or even trying to get viewers). The only thing that matters from someone on KZbin, to take them seriously, is what have THEY accomplished. And making $$ FROM KZbin talking about a topic doesn’t mean they make $$ from that specific topic.

[@MomoGetsMoney]

Wtf 😂 “degrees and studies” don’t matter in real estate profit does

[@user-uu6kz4sb8i]

@@MomoGetsMoney degrees and studies are something ghetto clowns dont have

[@diamondleague1]

Bro you can’t even put together a proper paragraph lol

[@terellmao]

Degrees, studies, background, pretty much anything except actual numbers don't really mean anything at all. You're a fraud until I see a balance sheet.

[@dcnfappliancerepair1290]

Jay Morrison f'ed over the Black community... He will definitely gets what he deserves before its all over! Great video! People like him have to be highlighted!

[@MalevolentElephant]

This guy Jay is a crook and has been for years

[@TAILNUPE06]

“Sweating profusely when Tony the Closer is calling.” 😰😂 @Spencer Cornelia

[@TheAdot8808]

Man the Breakfast club is bad business. Cant believe any of their promotions

[@Cultured_Barbarian]

This guy "I was only 27" when the deal went bad Also this guy "I made millions by 28"

[@clockwork9825]

lol

[@juniorleslie4804]

Scammers have to create a story. Lol

[@CarlaJenkinsTV]

10:16 Jay cannot even keep his story straight. Here he declares that he owes $37,000 in student loans but in the clip starting at 0:40 Jay said that he no college education. The ONLY way to get a student loan is to go to college and higher education.

[@TonyTheCloser]

Great catch I missed that 😮😂

[@therealsouthernbelles]

True

[@Jayothechosen]

Didn't he also say he dropped out of high school?

[@pj-hs7pk]

Look how passionate he is talking about the backstory versus the actual real estate details 😂😂

[@SL-pg4dh]

@@pj-hs7pk because that's what he's actually selling. These types sell themselves more than the product itself. They make money selling themselves

[@freethinker3083]

It’s literally disgusting how shameless these he is. Like, our boy Spencer really just posted the freaking documents, played the clips of him contradicting himself. Unbelievable. That you Spencer for brining value, for teaching people what they should look out for and saving possibly thousands of people from getting scammed.

[@viktor1444]

Buying the right stock is so much easier said than done. Anyone can see a stock that’s performed well in the past, but anticipating the performance of a stock in the future is much more difficult. If you want to succeed by investing in individual stocks, you have to be prepared to do a lot of work to analyze a company and manage the investment. Or preferably get a financial advisor

[@Fernandolopez-yh2bk]

As an investor, the stock market offers you the opportunity to increase your income without taking on the high risks that are usually associated when venturing in other businesses. By selling stocks, the company raises capital and is able to expand itself exponentially. Therefore, as an investor, when you purchase shares of a company, you have increased the worth of the company. Thus it's a win-win situation for both investor and owner.

[@viktor1444]

@@Fernandolopez-yh2bk Great point the Financial market has been a really tough one this past months, but with ANGELA NADYA JONES a top FA on FINRA and her trading strategy... I can boast of $235,000 in my trading portfolio

[@viktor1444]

@Kimberly Smalls To get more information about ANGELA NADYA JONES easily do a quick Internet research where you can easily approach her from, do your research with her full name mentioned

[@avareynolds8720]

@@viktor1444 I've been saving for a while so I can invest in stocks but all didn't work out as planned always thinking about the effects the restriction influenced by the recession would have on stocks gives me anxiety so I guess I'll just let my money sit in the bank *

[@annsandragreen3539]

@@avareynolds8720 Nothing good comes easily especially investing. Making the decision to start investing is a struggle with your basic instincts to spend as you earn and live from pay check to pay check.👍

[@klebercosta5152]

They allow any scammer at the breakfast club huh ? Well they got a scammer working there so I guess it’s all good 😂

[@HiImGrymey]

RIP Jay Morrison “Real Estate Mogul” born-1980 Ethered-2022 🤣

[@hairbyrichdiva6402]

Tony been saying Jay was a scammer for the last 2 years 😩😩

[@WallyWest96]

This is fucking crazy, I remember watching Jay Morrison religiously after graduating high school, I was genuinely inspired by this guy. Whole time he was a fraud. That’s crazy. Spencer keep up the good work. I’m still processing how he was able to appear on all these platforms and podcast etc. without anybody noticing that he was broke, how could you have the much knowledge and preach it to others and not even use it to be successful yourself.

[@BulkernatorKerb]

The main thing is you wanted to achieve some good stuff in life right out of school. Keep it up king

[@paulbrown3302]

Anyone can be anything online once they learn some terms, buzz words etc and make people believe them lol

[@paulbrown3302]

And to add to that Jay got on these shows and podcasts by making friends with those people, goes to show you could do it too. On the breakfast club the lady starts with “this is my friend” and the TV shows accepted him with no background…

[@blacklite911]

@@paulbrown3302 he has the gift of gab and chooses to use it for malice. Much like those charlatan preachers

[@cashkitty3472]

Grifters do this all the time especially governments.

[@ayostyle5740]

It’s about time someone’s called him out!

[@leonhenry4861]

He was called out but it was Vlad who is a vulcher

[@otisx-watchman1496]

I would bet my last dollar on the fact that J Morrison received more than $13 million through the PPP and EIDL loans from the pandemic. As a ‘serial entrepreneur,’ there is no way that he didn’t see it as an opportunity.

[@slickwilly6868]

A person who is a millionaire in their respected fields isn't on social media selling courses.

[@SpencerCornelia]

I disagree. I'm friends with many "gurus" who are verified multi millionaires and have a course. Digital courses are 2023 version of books. More pricey, yes. But you're selling how-to information all the same.

[@MrFreedomforyou]

Oh yeah we’ve known about Jay Morrison for awhile. People have been calling out his bullshit for some time now. It’s good to see that he’s getting covered by you

[@kremepie6705]

😂if he overdrew his bank by $100 and his bank didn't cover it even his own bank wouldn't trust him with a hundred bucks...😂

[@jeweldagod854]

This is wild. Been following this guy for years on IG and could always tell something was off but I couldn’t put my finger on it. He acts like he’s for building up the black community but is just another vulture. Glad I never bought into his course. Pops always told me “if it sounds too good to be true, it probably is.” Shame on him for scamming young black men and women like myself under the guise of “financial freedom” and “generational wealth”

[@co9971]

i swear that if anyone says they are "building the black community", you just need to run.

[@YahLotus]

The first flag was “building the black community” charlatans have used this victimization strategy since Marcus Garvey. Second is the fast talk. Third is the flashy lifestyle. “Buy back the block” is what prompted me to research him years ago. He was easy to pick apart.

[@pwest1101]

Yeah you gotta be a different type of wicked to scam people who look to u for answers and inspiration. His karma won't come in the form of any man-made legal system

[@Deens8496]

Good on you for taking the time to take a close look.

[@lifeoftb2577]

Tony the Closer gone love this one lol

[@LordVincentRedstar]

“I was making millions!” Folks online be saying anything - good video Spencer 🙏🏽

[@SonglyWryt.Bon-Burr]

He's not loosing it. He's stashing it away.

[@coloneldusty4476]

@Jada Howard lol. Keep being a fool.

[@rosalindbrinson]

Waiting for Morrison to be featured on "American Greed".

[@Kush333]

Im from New Jersey, and many people from my state are fast talking & charming, but will get over on you in a heart beat. we can spot these guys out from a mile away, others may not be so lucky.

[@williammcbroom6158]

Saw this guy boycotting a restaurant in Atlanta and something didn’t feel right!!?

[@WoolfJ35]

I literally have no idea how some people can be this fake and shameless I'm embarrassed for the guy like I couldn't imagine telling people I was rich literally couldn't do it.

[@comfortzone5618]

Some people actually believe him!!!!

[@WoolfJ35]

@@comfortzone5618 Oh I know it's depressing to think about

[@solologging2488]

Now he’s selling whole life insurance 😂 😂

[@OffroadTreks]

This reminds me of a lot of multi-level-marketing people who live just like this guy. I'm SOOOO RICH, join my team, make money. Also I only actually make 2k a month.

[@AlexanderGeorge]

2k while doing mlm? Most people wouldn't make 500 dollars lol

[@OffroadTreks]

@@AlexanderGeorge lol - yeah that's true. Most are negative.

[@davidbuchananmba5624]

If your a felon you can’t be a licensed realtor or licensed fund manager. Is that correct?

[@TheMortgageBawse]

@spencer Cornelia you sir deserve an Emmy. A Pulitzer. All the journalist awards!!!!! I want to know more about Ellie Talks Money and Trishonna.

[@knoname7778]

I love how the guy just shouts out into a camera that he's been to prison and that's supposed to be some kind of legit credentials for Real estate 🤣🤣🤣🤣

[@JC-or4wf]

😂

[@msway836]

That alone should have Awaken the Dummies, he focuses more on Crimes he committed than the Business...He should have said he liked being around MENS more than women...

[@ripdajacker23]

It’s a strategy to play the emotions of folks who are ‘down and out’ and want to ‘hit it big’. They think “wow, this ex con made it. Perhaps I can too!” … leads to them investing in the bs he’s selling

[@SL-pg4dh]

Unfortunately to black people it is. He was able to monetize his street cred to buy some urban relativity, and then turn it into a rag to riches story.

[@MrFox-qb1jx]

i gave that dude 1500 for his stupid tulsa fund. Moral of the story, only lend what you wont worry to lose

[@Nik_Key]

Did you get back any of your money? That’s so sad!

[@sephyoftheroth]

Sounds like you may be a little sick. Hopefully you feeling well and if not take good care of yourself. We need your view into these guys.

[@SpencerCornelia]

Partially lost my voice from VidSummit haha

[@Artlifeike]

It’s crazy how people have been exposing Jay Morrison for years but he still out here creating content I guess you can lie on the internet as long as your fans find you entertaining.

[@scottypimpin9002]

The agreement with tony was so funny. You can tell tony has been messed over by him just the look on his face.

[@ericjmasters]

Spencer calling out another fake ass scammer. I love this he has endless content.