Fake Youtube Channel Scams $70 Million From Hedge Funds

[@fastflame200]

The moment you hear "disruptive" in a pitch, it means they will disrupt themselves.

[@TheRealJellyBomb]

It's cases like these that tell me I should never let a fund handle any of my investments.

[@thehodlers7644]

So even if it was real, 95K subs is worth a $70 million valuation? I'd love to see what W$M is worth with 123K

[@GMSpkilla]

They had the credentials and connections to get the initial investment and they just faked it for as long as they could.

[@MrNeelthehulk]

Stonks

[@dickgrayson4325]

1 gazillion.

[@benp9442]

Think about Pewdiepies Value😳

[@edwardrhoads7283]

Estimate of W$M value: 1000 shares of GME

[@DJPGB]

I now understand why I was receiving OZY newsletters via email even though I never signed up for them. Also, the UNSUBSCRIBE link would display that I was unsubscribed, but the emails kept coming. Thanks for this reporting.

[@garydevries5961]

Yeah, that totally makes sense.

[@mikazaki7594]

Because in the startup world, investors rarely invest in the business but rather in the businessmen themselves. Like you said, the investors were charmed by the founder, not the product. This happened many times before and it is like the nature of startup investment.

[@garydevries5961]

Very true.

[@doords]

They dont have a choice, because the said investors know that even if they ignore the businessmen's charms, other investors will fall for it, same with buyers of their products. They realize that someone somewhere will give these people money. The society we are in is a mess.

[@abaofifsz]

But i mean if you know a fraud who cares who is giving the money as long as its not you?

[@eduardoramirezjr4403]

I’ve worked for several financial services companies and one the biggest problems always has been the failure doing extensive due diligences. Millions of dollars have wasted in the failure of doing proper investigation of potential investments.

[@davidjma7226]

The Theranos of the media space!

[@davidjma7226]

@CrabApples Bodaciously Bitter Fruit's You really need to understand business law. In particular financial fraud and how to stay away from criminal charges. She is no different from Bernie Madoff. If people weren't so greedy and gullible and full of FOMO people like Elizabeth and Bernie would not exist.

[@TobiasStarling]

This is just a reminder of it’s who you know, not what you know.

[@madamec.j7363]

Always.. unfortunately...

[@3DPT]

The suits at the hedge fund probably did not know how to look for bots on youtube. The Suits are so disconnected from reality they believed Ozy's spreadsheets over any video numbers.

[@shefj9327]

Never heard of them until today watching the news and your show, greed

[@GeliCarlosJ]

it amazes me how stupid some institutional investors are. A child can tell the difference between fake & real views & engagement 🤦🏽‍♂️ 😂

[@playman350]

So many of the analysts making reports are overworked MBA interns or completely out of touch people whose whole life are their job

[@nicolashrv]

@@playman350 ratings and fiscal reports are overrated in this days........since they gave AAA certification to BBB bonds in 2008, you know all this paperwork is an excuse to cover their arses after they lose all YOUR MONEY so they don't go to jail. But this case goes beyond retardation, because the website was already there to be checked.....38k subscribers?? a hobby page gets twice of those........and if you account all the channel's views, even thou one had 4 million views, divided by the amount of videos, you will get 15.000 views per video......that's not even 2 dollars in revenue from advertising.

[@nicolashrv]

and actually is worse than that, because only ONE video got advertising revenues. All the other 264 videos had so little views they couldn't even reach the minimum CENT to at least get any revenue you could be paid.

[@garydevries5961]

@@nicolashrv It's all combined. Basically once one when reaches $100, they get money at the end of the month. In short, a thousand videos earning $0.10 a month would qualify for the $100 figure. If one made $95 one month and $77 the next, they would get paid $172 at the end of the second month.

[@nicolashrv]

@@garydevries5961 but is not the same. Having only one video reaching $100 and the rest nothing means your channel does not have a ground base of viewers, and maybe you have just one video which just caught the attention.......having all the videos sharing its grain of sand to reach the $100 is a total different thing. That means your channel worths $100.......the other means only ONE video is worth $100, ergo, your channel is worthless as a whole.

[@Successwithsam599]

The excitement in your voice when you finally reach a victim is priceless. You're so compassionate and empathetic. Merry Christmas to you and your loved ones, *GrindTechiei* 👍 Thank you for everything you do(

[@jwalk4491]

Leaving a comment so no one thinks your channel is a fraud. Great video like always.

[@CharmelionZard]

Yes I too enjoy this content creator’s great videos! The funny part in the video made me laugh!

[@theoneandonlysoslappy]

There's no such thing as "sophisticated investors."

[@vanessali1365]

There's no sophistication in market sentiment

[@fahmimansor]

Commenting so that your channel looks legit

[@zdrux]

I guess the only way to have a successful fraud, is to absolutely make it so absurd, nobody can even think it's a scam.

[@lfemomo77]

I’m more surprised that Buzzfeed did research!

[@od9694]

I'm Irish and a huge Gaelic Football fan and I still don't care

[@johnl.7754]

It might be for those investment companies it was considered small money so they invested without due diligence since they already trusted the founder of the company.

[@jacob_90s]

I won't lie. I am a little disappointed that with all these companies scamming billionaires, some of these guys haven't just "disappeared". I guess if it ever does happen, we'll have finally found the real life Lex Luthor.

[@CHMichael]

One crypto scamer disappeared. When people "get away" they might not get away that far.

[@satyannair4837]

As far as I can see, Lasry had no idea what he was talking about!!!

[@qwaszxerdfcvtyghvb]

I'm happy that no grandmother or grandfather was a victim of those guys, if tge victims are big investors with deep pockets no problem

[@noneofyourbizness]

water cooler at Gold Filled Sacks: "he's 'one of us', what could go wrong? And, besides it's only 40 mill, WGAF?, Get the utube fella on the phone if you feel the need to, then give him the damn cash."

[@sankalpjain8046]

Wouldn't it be funny if this video got more comments than ozy channel combined

[@pipmci]

Yes it would!

[@juanfigueroa2807]

Sometimes is hard to find the "smart" on smart money

[@IvanPlayStation4LiFe]

In the USA anyone can get rich easy just create a company about anything.

[@zeusluby1290]

I felt a sense of repulsion regarding Carlos Watson from the first interview clip I saw him in and had no idea why. Glad I finally got clarity on that.

[@jamesrav]

he is SMOOTH though, gotta give him that. Claiming Ozzy and Sharon Osbourne were 'friends' and 'investors, now part of the family' is so brazen given they were not friends nor investors. Fake It Till You Make It must be his mantra. Civil penalty (he can dodge) or Criminal is the only question now.

[@cpm1003]

This obviously calls into question everything else this Carlos guy has done.

[@bobbymunyavi5357]

I used to think that Wall Street was full of smart people.

[@wmpx34]

Glad you wised up

[@Jeez001]

Oh god another ex McKenzie, Deloitt employee who turned out to be complete scam 😂

[@dankeyote5873]

12:53 they couldn't find a better excuse 😭😭💀

[@cnxexpat1862]

It seems that 70 million are only pocket money for the rich and hedge fonds. No need to do a proper research. So it was a good idea from the founders to ask only for a couple of ten million Dollar.

[@DrunkJackal]

Is this what we call a pro gamer move?

[@cheesetoochalk]

Ah that's where I knew Carlos Watson from. On the news stations.

[@nicolashrv]

It's like giving 40million to Johnny Lemonhead for his YT channel about diversity.

[@Ccnsword]

They should have invested in bots initially and just let the stats speak for themselves. Then, there would be no fraud

[@davidjma7226]

Just how much interest did the journos think their obscure articles would generate?!

[@paulrward]

I met a traveller from an antique land Who said: "Two vast and trunkless legs of stone Stand in the desert. Near them, on the sand, Half sunk, a shattered visage lies, whose frown, And wrinkled lip, and sneer of cold command, Tell that its sculptor well those passions read Which yet survive, stamped on these lifeless things, The hand that mocked them and the heart that fed: And on the pedestal these words appear: My name is OZYMANDIUS , king of kings; Look upon my works, ye Mighty, and despair! Nothing beside remains. Round the decay Of that colossal wreck, boundless and bare The lone and level sands stretch far away." - Percy Shelley's "Ozymandias"

[@matt.stevick]

This is absolutely insane.

[@samsonsoturian6013]

Anyone can get scammed. Anyone can be a scammer.

[@socrates_the_great6209]

Nah. Made up lie.

[@maxlew1847]

Only a ninja can kill a ninja, the executive team of ozy knew how to play the game well ,and knew how to hunt wolfs .

[@Mr--_--M]

Who's the real winner out of all of this?....The KZbin traffic sellers!!!

[@FliesLikeABrick]

sad about how little interest there was in their original quality journalism

[@MK-we9sw]

I checked out some of the videos. Honestly there was potential. You can tell they had access to some really interesting people (like the guy who played D'Angelo in the Wire) I'm guessing they didn't have anyone working seriously on that

[@moofymoo]

I'm rooting for ozy to get away with this! when little guy put his money in something he don't understand and loses it, then it is fair game. same principle should apply to fat money bags that put millions in things they don't understand.

[@josetheman239]

Failing to do basic due diligence. Isn't that how Axe got taken down in Billions season 5? 🤔

[@josetheman239]

Oh apologies gents I figured everyone knew.

[@Wulfcry]

Fake people giving realistic fake calls the next fake thing after fake videos.

[@krisbrent9540]

Why were so many so blind? SIMPLE: GREED-! Two words: "Blind Greed"-!

[@StampitisDP]

Great video as usual 👍

[@CHMichael]

I actually have respect for people like this - they go where the money is and cater to their greed. No poor refineries hurt.

[@LindaLinda-ls2fd]

So sad: he had education and connections, and misused their trust. If he had done something worthwhile, he would have been very successful just because he had good financial backup

[@saltmerchant749]

Impersonating a guy to obtain money from investors? That sounds suspiciously like wire fraud.

[@kidinacage]

Veracity (VRA) and their patented PoV (Proof of View) protocols will fix this type of thing.

[@MONDAUNG]

never heard of them until right now....

[@ght33]

Greed beats effort every time!

[@dollarcostbackpacker1226]

Had no idea that yt channel was a coproate scam. I was confused by viewer vs subscriber coubt a couole times. Then moved on with life.

[@Rkcuddles]

Just more examples of the education system failing us.

[@acousticambush9421]

This is such a good video , I have watched it 34,000 times !

[@jameslegrone498]

Wow this is crazy

[@SofaKing_Kong]

Smart money at it again!! Great video.👍🙏

[@MindandQiR1]

Why did they do this? These people have no souls.

[@weswest8666]

Nice job on this video

[@natedogg9690]

I love how Hillary and Bill were the face of Ozy.:)

[@bigjohn2811]

Scammers scamming scammers

[@sashasullivan4875]

Didnt youtube actually push these dudes on their trending topics suggestions? I could have sworn i remember seeing one of those thumbnails.

[@Dreska_]

These 'investors' handle incredible amounts of money, including people's retirements, and apparently have no idea what they're doing or even do the most basic levels of due-diligence, mostly relying on money creating money to fail upwards. Its just a bro-club of 'so-and-so is doing a thing' 'hey I know him, he always wins! INVEST'. I would do more due-diligence than they did if I was spending $50 lol

[@HighestIQ]

This video with 10k views has 2x the like as their 4 million views. 🤔

[@noodlechrist4958]

The amount of capital you can raise is proportionate to the amount of corporate buzzwords you use.

[@user-dw1zb3fh5n]

Nothing surprises me anymore. These people should be given at least 10 years in jail.

[@jasperlawrence5361]

We need a step-by-step guide!

[@doords]

Lol it's all who you know, networking, until they reached their target that they scammed

[@danielcorich7942]

just a case of the young scamming the unsuspecting elderly

[@perihelion7798]

Just listen to all of these financial geniuses currently on KZbin. None of them agree. However, almost all of them have a fiscal dog in the fight, and are intent on selling you something. Beware. The QXY debacle shows just how stupid they can be.

[@madamec.j7363]

So they couldn't use that same money to pay real people to do real things ..

[@louis-philippesavard742]

I think they saw Vice valuation and told themselves they could do it also 🤣🤣

[@SeekLiberty]

Do you have a way of contacting you??

[@EatRawGarlic]

I'm getting Doctom vibes here. Maybe their former employers should review their previous work as well.

[@doords]

Yeah I know a lot of people brag about their media empire, aka youtube channel, to hope to get an even better job.

[@xiaoka]

60 views will get you less than a penny in ad revenue.

[@cesarcastro1698]

You see what you want to see, no matter what is in front of you, we, humans, are like that

[@xebechemorpheus8814]

Knowing the truth about this startup and the people, this is really a totally negative and biased video. You have to state what is normal and most people werent in the Wild Wild West so they would be shocked to know how it was built

[@nienjuanate6410]

wait so if we all would of just HODL it would be on the moon right now?

[@constantinandro684]

Saw that coffezilla also covered that topic

[@dennisdecoene]

The social media era Ponzi

[@AnimeAffair]

this is crazy

[@nadeemchaudhry6585]

Amazes me, how easily the rich can be duped out of their 💰 Again, simple checks would of uncovered this as a scam.

[@nicolashrv]

rich? this are investment banks. The employees get $$$ via comission moderfaker!!! they are just desperate to find anywhere to put YOUR money and lifesavings, so they take a cut of the pie.....they don't care if you lose your money, because it's yours.

[@mickydrake1278]

its the name for sure.

[@kevinmartinez8267]

some people inside that hedge fund were working with oxy...

[@brookss2141]

I blame Index stocks.

[@Andropov-l2w]

Ozy? really. they couldn't tell by the cheap basic name.

[@d1nonlytimcouk]

Wide variations in channel views is not that unusual my own channel has a top view of over 13000, bizarrely for my wedding which was only done so my wife's family could see it in Russia, then the next biggest is 1200 or so most views on the channel being below 100. I am not a serious content creator though I put stuff on with very niche appeal. So I don't see that the argument that having such wildly different viewing figures is that strange necessarily,

[@niro56]

That's a null and void argument when it comes to a for-profit enterprise, or even a KZbin channel.

[@smoothmicra]

Funny that "sophisticated investors" are so easily duped...and I say that as a bot WSM has deployed to boost his views. 😮

[@milantarika7219]

Daymn thats really interesting...

[@MarkH10]

A simple intern assignment to find something wrong, anything, and write a report with details would have produced an explosive list of questions. I especially like the 4 million views with 300 like/dis hits. Forget only JRE, go find 20 videos with 4m vies and tell me the avg thumb hits. I've seen more comments on videos at the 5k view range. What I wonder is how a guy with Carlos's connections and resume' ends up here?

[@FUTBOLis1]

The "smart" money

[@edwardrhoads7283]

Reason for blindness: GREED!!!

[@anandjhave]

There's sucker born every minute, even for the likes of Goldman Sachs.

[@hamburger512]

Did you watch the video? Goldman actually was doing due diligence when they discovered this was all bullshit

[@havyn88]

Just when I thought this would be a good unbiased video, WSM had to throw in that one racist snippet.

[@ProfAzimov]

Where?

[@jpandyaraja]

hedge funds lost money...lol...

[@jeff-hh9mc]

So two dei hires scammed Wall Street. Shocker.

[@snowman2834]

The mAn oN tHe leFt .. the black guy ? 🤦🤦

[@eatenbythedistance4178]

Wow !