This is the greatest youtuber crypto moment of All Time Merch moistglobal.com/ I stream every day / moistcr1tikal Coffee's video • RUclipsrs Get Sued For...
I like to believe Shaq has a whole room in his house with nothing but a really big pile of coats on the floor and that he hides underneath whenever anyone comes around trying to serve him legal documents.
I like to picture a Scooby Doo style chase scene with the people chasing Shaq trying to serve him legal papers with them just running through random doors and coming out others with no reasonable pathways in Shaq's big ass mansion.
As the LegalEagle already said, they are gonna have a hard time trying to prove these youtubers had any reason to believe FTX was a bad investment and knowingly defrauded investors.
I think it will be impossible, and the idea that youtubers or anyone else paid for advertisements/promotions should have had insights into FTX's fraudulent activities is dumb to begin with.
@@Jonathan-Pilkington Yeah, a lot of takes on some other vids saying the tubers didn't do their due diligence, as did Coffee but how are these guys supposed to know more about FTX and Alameda than the multiple government agencies that only found out after the collapse? Unless I'm mistaken and it was really obvious but no major news outlets were raising red flags?
@@Rosskles Don't feed the bots, let them starve and then eventually they should leave. They garner attention, and replying apparently gives them a bigger ego to stroke.
As sad as that is, it's true. The obvious rate drops when cryptos are opened to, or heavily bought by, the public isn't considered proof due to it being "circumstantial"
@@strandkorbst9643 I'm pretty sure that dude is outdated, he needs updating every hour for a new patch - I don't think he even knows what's going on everyday.
As a person who had to learn the hard way from being scammed. I have no pity for people that were knowingly part of this mess. Hopefully they go after the big names and not the little guys.
If any of the endorsers knew FTX was a scam (of which I’m sure at least a few were) and still took the money and sponsored it then yes I hope they do. Otherwise I would say the onus is split between the viewer and the endorser, on the endorser for not doing more research into it particularly if they position themselves as an expert, and on the viewer for the same reason. As a viewer/human you should be healthily skeptical of everything, particularly if someone else is giving you advice and should do your own research even if that person may have a good rep in whatever it is (like Warren Buffet for long term stocks).
Honestly I think they deserve it. They like to be called experts and give out "financial advice", so they can handle being sued for advising people in investing into a scam. I hope they'll actually end up paying a good amount of money over this, even if it's just legal fees.
You see they don’t though. They usually say something or show something that says they aren’t professionals and contact a cpa which most people don’t 🤷🏽♂️
They don't get sued because freedom of speech exists I can say anything I want about anybody I want and you can't do anything about, yes there are some stipulations like you can't blatantly call someone a rapist publicly without proof that's called defamation, good example of this Brett farve sueing Pat McAfee for defamation Because he talked about Brett being sued for welfare fraud. However pat used the word allegedly multiple times meaning Brett and his lawyers are retarded as hell and will not win this case lol remember if it's true then say it
normies clap over anything. charlie just speaks middle of the road opinions and everyone claps like seals. like I get it, he's not an asshole but the dude is hardly a messiah. he hardly has any against the grain views and he says whatever the majority of people will like. he plays the game and stays within the lines like a good boy.
Even if the lawsuit goes nowhere, it’s hopefully going to show everyone much more clearly now that financial RUclipsrs aren’t all knowing and that the things they promote may be things they don’t believe in but just promote because they’re being paid to.
@@dr.hannibal8338 That's what they are called! Have you seen those shorts where it would be "Watch for full video" and it'll show a lady almost exposing herself?
It must be stressful to find out a company or service you promote/ed turned out to be scummy. I've seen a few sources I very much enjoy and trust show support for products that turned out to be just that. But, I also do my own research, and I recommend everyone do that when considering investing in anything, no matter who promotes it.
One thing we should remember is that broadcasting companies have teams to handle laws and PR, RUclips is now giving the average person the ability to broadcast but as evident by the lawsuits, RUclipsrs don't understand a lot of the laws around this stuff
I do think this all brings up a very important thing that RUclipsrs (in general) need to figure out. Which is how much do you need to know about your sponsor. We've seen over the past year or so, quite a few controversies over RUclipsrs promoting scams, like Established Titles etc.. Obviously Charlie considers this, as he usually only promotes his own ventures, something he knows very well about. I do think it's an important issue that does need to be addressed, especially as more RUclipsrs rely on sponsors.
Fr, no one had prior knowledge of their financials… no one would have had that info besides higher ups @ FTX & Alameda Research…FTX was assumed trustworthy because of their large client base as well as partnerships with MLB, Brady etc
10:45 Yeah, that's what I was thinking is that the only way the lawsuit has much standing in court is if they could prove that the RUclipsrs had prior knowledge and coordination of the scam. But it may depend on the judge/jury. The one thing that is certain is the RUclipsrs are going to lose at least thousands of dollars each to legal fees if a court decides to take the case, regardless of outcome.
It's always safe to be skeptical, as a viewer and as a content creator with a sponsorship. Do the research, and you can avoid losing money. I appreciate people like you and Coffeezilla putting information out there for the rest of us to be able to understand and learn from.
Exactly, which is why I don’t think the RUclipsrs who did sponsorships should feel personal guilt for those who lost all their money, they couldn’t have know what FTX looked like inside and beyond that I can not understand how ANYONE can put their entire life’s worth of money in something, it’s just so baffling to me.
Depends if there’s research out there in the first place. Problem with FTX is that it wasn’t exactly a known fact SBF was embezzling away everyone’s money until he went broke and had to file for bankruptcy, then it became an international story that was investigated. But if you’re a financial channel where your whole gimmick/niche is providing sound financial advice, then isn’t it fair to assume that said financial channel should’ve done their due diligence if they are going to promote/vet a service to invest one’s life’s savings or retirement portfolios with??? This is a really tough situation though because everyone and I mean EVERYONE was pushing crypto sponsors. Not just financial advice channels but you had a lot of podcast, news channels, random goofy comedy stuff, etc. And if you’re a regular viewer/subscriber and see someone you routinely watch (aka an influencer or role model) repeatedly saying invest in crypto today and use my promo code for a free $100 in crypto or one month free trading etc, well now you’ve been influenced to buy this service because the adviser (the RUclips channel) has promoted it. It’s absolutely funny how one channel I watched at least once a week for several years promoted a crypto service, then FTX Scandal comes to light and suddenly all the crypto promotions are gone and he 180s saying don’t trust crypto cause it’s not a better currency 🤦🏻♂️ But the flip side is, yeah you don’t HAVE to buy something because a celeb or whatever says to. That’s be like suing Shaq because he used to have an endorsement with Oreos and so you bought Oreos all the time and now have diabetes. Is that a fair lawsuit? Probs not (although in America one thing will get thrown out while a different judge will take a very similar case and try it very seriously). Point is, whole situation is a Crapshoot 🤷🏻♂️
First Charlie completely obliterates what remaining online career Sneako had in a matter of four tweets, and then next thing he's covering a story about RUclipsrs being sued for a billion dollars as if it were any other typical Friday night. Absolute Legend.
I suspect this is why dislikes were actually removed. so corporate propaganda can scam easier. around the time dislikes got removed people were getting more and more vocal about those types of vids
@@immapotato1 This is true. I noticed that the dislike button got removed the moment the White House channel started posting videos with Biden because... you guessed it - they got dislike bombed. And then not even a week later they started considering it. That and corporations, yeah, but we all know governments and corporations go hand in hand.
It's sadly simple: You can't sue a TV channel whose Ad got you to buy to buy crap. Or an investment firm and their employee's, if they give you a shit advice. The RUclipsrs fall into the same category. They were promoting something but the final decision was still on the individuals, as was doing their due diligence and research. Especially when it comes to investing in something you know NOTHING about. DON'T, simple as. If you know nothing of a market, don't invest volatile money, unless you're prepared for the possible losses. Finally, unless they can prove that their ties to FTX was more than just a business arrangement for promotions, they will loose the lawsuit.
I'm late to this, but there is a caveat to that: Investment firms, brokerages, and brokers are *licensed*. And giving financial advice *without* a license is, in the US at least, generally quite illegal. If you encourage investing, or call yourself an 'investment advisor' or similar, and you're not licensed? In the US that's a crime (particularly *if you're being compensated* somehow, either by your clients or by the organization you're talking up). One with a maximum penalty of one-hundred fifty thousand dollars and up to one-hundred fifty years in prison.
@@patrickharrington9394 Sure but in most cases, they don't really sell. They just let their followers sheep mentality kick in. They don't even need to flaunt it, upsell it, just the "They named it" is enough to see a LOT of people just buy and get into they know nothing about.
@@oskarekelund1476 yes but he was a financial advisor advertising ftx. He technically has plausible deniability because he can say it was just an advert but at the end of the day ftx only paid him specifically because he had an audience who listened to him on other financial matters. He wasn’t just another famous person, he was targeted because of his credibility for general financial advice.
@@dravidianking1298 in his videos advertising FTX he did say that crypto is a risky investment and that IF you are going to invest then you should only put a small amount of you portfolio in to FTX. He didn’t tell them go and invest right now this is 100% safe, what more can he do then telling them that crypto is risky and that they only should put in money that they can afford to loose? If an adult invest money because they saw an ad and the investment fails then he is responsible for his investment, not the one advertising. It would be different if he paid a financial expert to manage his money and invest it, then the investor would have to take some accountability, but to blame a youtuber that made ads is childish in my eyes.
@@dravidianking1298 Being a financial advisor is irrelevant, theres no legal basis to sue 3rd party paid promoters for a paid promotion because the CEO of the promoted business turned out to be a fraud, would you support suing tech youtubers for promoting NORD VPN if it turns out to be stealing user info? of course not, because its not their fault or responsibility.
@@oskarekelund1476It actually wouldn't be different for a financial advisor unless you can prove they misled you, lied, or invested your money with too much risk. Proving that last point is difficult because all investment is speculation. If your advisor dumped all of your money into FTX you'd probably have a lawsuit, but if they put say 10% in you'd really have no recourse for getting that money back.
Allowing a case like this to be heard will set a huge precedent. Imagine every paid advertiser being held responsible for the product they promote(d) ?
I mean to be fair nobody forced them to do this. I work very hard for my money and I will never invest money in what a youtuber is selling. Just gotta have some common sense.
10:30 literally their response "I feel bad they're irresponsible" boils down to "don't trust me or my advice". He gave the worst possible response, doubling down on the idea that their word isn't to be trusted and can be easily paid for.
There's just such a huge issue right now where anyone on platforms like this can say or do anything with absolutely zero consequences, with exceptions for a limited number specific things which would get the platform itself in legal trouble (or trouble with advertisers, or when an incident gains a massive amount of negative publicity.
The fact that these youtubers didn't ask how FTX was able to offer such high returns just for keeping your money there shows how little they care about their audience.
If a scammer or a company are sued or fined for less than what they made then that's just a way for them to get away with most of the money. They should always be fined or sued for more that what they made.
I believe that Bin was possessed by Deadman to warn people about FTX because there’s no way he’ll warn people AGAINST crypto. It’s like Captain America saying Hydra isn’t so bad.
It’s wild to me. I don’t even put full faith on RUclipsrs and their video game reviews. But there’s people ready to sink their lives on their words lol.
"A broken clock is right twice a day" I couldn't have said it better myself. It's ironic that they only correctly predicted the movement of the crypto market as it was beginning to crash.
In fact, if a quick reading of the IAA (the Investment Advisers Act of 1940) is anything to go by, it doesn't get rid of *any* responsibility (in the US, anyway). Zero. None. If any of the people who were talking up FTX, Celsius, or any other major name in Crypto lost investors money, the words 'this is not financial advise' are about as legally relevant as a roll of toilet paper. And the ones who were *compensated* for doing so are as protected by those words as the cardboard tube of that same roll if it were at the bottom of the ocean. Unless they were licensed, of course. But licensed investment advisers have no reason to put those words on their advise, so safe to say they probably weren't.
ok what about the people who didn't know anything shady was going on until everything came to light, and only promoted it because on the surface it seemed legit
yeah, I was scratching my head like, how tf are they gonna prove that the youtubers knew it was a scam? so many youtubers get sponsored by scams and claim not to know
That is a shitty analogy. It is more like suing mcdonald's for serving you coffee at an extremely high temperature and leading to you having your labia fucking fused to your thighs.
there should be a new Shaq Fu game where he's venting and going through other secret passages in his own house to avoid the lawsuit messenger like they were a xenomorph
That's why influencers and content creators should always be honest and disclose when they're being paid to promote products and services. That way they can't be held accountable for things like this.
Yeah, this lawsuit may not even go anywhere passed the initial phase but damn it all, if it does make it to trial, let it be the wildest fucking court-case of all time.
Funny enough, I wonder if Ben actually warning people away from FTX will hurt the others named in the case, bc if he saw the end coming, then it could be argued that the others saw it too and still promoted it
Today's Fact: The world's largest living organism is a fungus in Oregon, which covers over 2,200 acres.
i live in oregon
i knew that (i didnt)
I live in Oregon
Darn I thought it was the meat cave down in dallas
pretty interesting fact, thank you
I can't stop imagining 7ft tall Shaquille O'Neal hiding from multiple lawyers behind a single potted plant
something drake would do
Same, I have this mental image now of this legendary game of hide and seek being played between Shaq and like 5 lawyers across his entire estate
That's a Rick Fox move.
Nah he seems more like the type to hide under his bed
I cant either lmao
I like to believe Shaq has a whole room in his house with nothing but a really big pile of coats on the floor and that he hides underneath whenever anyone comes around trying to serve him legal documents.
his house is bigger than a freaking palace. I think the guy looking for him got lost 😂
@@immapotato1 probably for the best, imagine having to serve papers to a guy the size of shrek.
@@immapotato1 He probably never found his way out.
@@angelascotney3204 shaq needed the protein…
😂😂😂
I like to picture a Scooby Doo style chase scene with the people chasing Shaq trying to serve him legal papers with them just running through random doors and coming out others with no reasonable pathways in Shaq's big ass mansion.
i swear thats how Shaq's mind works lmao
I’m high asf right now I can’t stop laughing why’d you do this to me💀💀💀
My bad. RIP
Benny Hill
I like how the lawsuit is probably going to go nowhere but the RUclipsrs still have to pay for lawyers
Our legal system badly needs modification. It’s designed to bleed the public dry… such a scam.
Pretty sad tbh…
like these botters YT refuses to do anything about
even at the expense of their own userbase
@Did ⸜⁄ Prove It
@Don't Read My Profile Photo Good, Cause Nobody Was Going To Read It
As the LegalEagle already said, they are gonna have a hard time trying to prove these youtubers had any reason to believe FTX was a bad investment and knowingly defrauded investors.
I think it will be impossible, and the idea that youtubers or anyone else paid for advertisements/promotions should have had insights into FTX's fraudulent activities is dumb to begin with.
CHARLIE COMMENTED ON MY NEWEST VIDEO!
@@Jonathan-Pilkington Yeah, a lot of takes on some other vids saying the tubers didn't do their due diligence, as did Coffee but how are these guys supposed to know more about FTX and Alameda than the multiple government agencies that only found out after the collapse?
Unless I'm mistaken and it was really obvious but no major news outlets were raising red flags?
@@Rosskles Don't feed the bots, let them starve and then eventually they should leave. They garner attention, and replying apparently gives them a bigger ego to stroke.
As sad as that is, it's true. The obvious rate drops when cryptos are opened to, or heavily bought by, the public isn't considered proof due to it being "circumstantial"
"financial youtubers are looked at as experts"
what a world to live in
I'm just imagining Shaq standing behind a lampost or something like a small child playing hide and seek for the first time.
Conveniently shaped lamp
coffeezilla's probably the only person in the world who can use a skull emoji in a tweet and still be taken seriously
CoffeeZilla is the only RUclips channel besides Muta and Charlie I can trust.
@@Mandate_of_Heaven factual
@Microwave (Ik stypje Ruslân yn 'e oarloch) in the future, bots are indeed capable of *coming*
💀
☠️
The things Charlie talks about make it feel like theres a historic moment happening every day.
NPC.
BOT
Bruh. So when he talks about some irrelevant video game shit, it feels like he is covering "historic moments" ????
@@strandkorbst9643 I'm pretty sure that dude is outdated, he needs updating every hour for a new patch - I don't think he even knows what's going on everyday.
by the ftx logic, justin bieber and steph curry should also be sued
As a person who had to learn the hard way from being scammed. I have no pity for people that were knowingly part of this mess. Hopefully they go after the big names and not the little guys.
If any of the endorsers knew FTX was a scam (of which I’m sure at least a few were) and still took the money and sponsored it then yes I hope they do. Otherwise I would say the onus is split between the viewer and the endorser, on the endorser for not doing more research into it particularly if they position themselves as an expert, and on the viewer for the same reason.
As a viewer/human you should be healthily skeptical of everything, particularly if someone else is giving you advice and should do your own research even if that person may have a good rep in whatever it is (like Warren Buffet for long term stocks).
Do you understand what antisemitism is now?
If you’re not a midwit it should be abundantly clear by now.
Honestly I think they deserve it. They like to be called experts and give out "financial advice", so they can handle being sued for advising people in investing into a scam. I hope they'll actually end up paying a good amount of money over this, even if it's just legal fees.
You see they don’t though. They usually say something or show something that says they aren’t professionals and contact a cpa which most people don’t 🤷🏽♂️
@@eddiee.832 Imagine shilling for millionaires on the internet lol
Charlie is the only one that can make fun of the biggest things and never get sued hes just too powerful
NPC comment
He is just very objective he doesn’t really input his opinion on serious things he just states the facts most the time atleast
@@AudazVerdugo Unless it's sneako 😂
Technically it's not deliberately making fun of it. If he were to ACTUALLY gaslight then that's when a lawsuit spawns in
i was late beating the bots to responding to this lol
Coffeezilla's and Charlie's humor is unmatched, and the best part is, they don't get sued for it
I mean… eh. But both are trustworthy, so I’ll give them that.
They don't get sued because freedom of speech exists I can say anything I want about anybody I want and you can't do anything about, yes there are some stipulations like you can't blatantly call someone a rapist publicly without proof that's called defamation, good example of this Brett farve sueing Pat McAfee for defamation Because he talked about Brett being sued for welfare fraud. However pat used the word allegedly multiple times meaning Brett and his lawyers are retarded as hell and will not win this case lol remember if it's true then say it
Pfft unfortunately coffee has been sued. Good news is that it has either already been dropped or it's not gonna go anywhere (SLAPP type suit)
Well actually if you look into the history, both parties surprisingly had been sued by the people that dont like their contents
normies clap over anything. charlie just speaks middle of the road opinions and everyone claps like seals. like I get it, he's not an asshole but the dude is hardly a messiah. he hardly has any against the grain views and he says whatever the majority of people will like. he plays the game and stays within the lines like a good boy.
I appreciate Charlie demonstrating good academic integrity by constantly citing coffeezilla 😹
coffeezillas a good source tho
He's genuinely one of the best investigative journalists out there at the minute
@@KavsLockedOutFactually correct
Even if the lawsuit goes nowhere, it’s hopefully going to show everyone much more clearly now that financial RUclipsrs aren’t all knowing and that the things they promote may be things they don’t believe in but just promote because they’re being paid to.
hearing shaq trying to hide from a lawsuit due to a crypto scam just sounds like a fever dream
Okay the sex bots are everywhere omfg
He is what? 7 ft 5? hearing him trying to hide is inspiring cartoon humour anyways, can’t wait till South Park picks this up a year later
Just had a weird dream last night.
@@BrainsofaWeirdArtistsex bots 💀
@@dr.hannibal8338 That's what they are called! Have you seen those shorts where it would be "Watch for full video" and it'll show a lady almost exposing herself?
The most interesting part of these lawsuit details is when something got in Charlie's eye. It is truly a lawsuit of all time.
@@I_NEED_MONEY_ holy shit a dude retaliated to yeaman the rapture is coming
@@Bloxxify1 Bold of you to assume I'm a man
@@I_NEED_MONEY_ bold of you to assume im a human
why, I COULD be YeaMan!
It must be stressful to find out a company or service you promote/ed turned out to be scummy. I've seen a few sources I very much enjoy and trust show support for products that turned out to be just that. But, I also do my own research, and I recommend everyone do that when considering investing in anything, no matter who promotes it.
One thing we should remember is that broadcasting companies have teams to handle laws and PR, RUclips is now giving the average person the ability to broadcast but as evident by the lawsuits, RUclipsrs don't understand a lot of the laws around this stuff
even if some people dont actually get sued they'll always be known as someone who almost got sued for 1 billion dollars
CHARLIE COMMENTED ON MY NEWEST VIDEO!
@@DxrkArtz Thats Cool, But Who Tf Asked?
@Did ⸜⁄ I Scrolled Into All The Comments On This Video, And I Yet To Find Anyone Who Asked
@@Festive-Kentasid09 Didn't ask
@@Festive-Kentasid09 Why Do You Type Like This?
Why did I instantly imagine Shaq hiding behind that small ass tree when Charlie said he was hiding lmaooo.
:0 strauss!
I do think this all brings up a very important thing that RUclipsrs (in general) need to figure out. Which is how much do you need to know about your sponsor. We've seen over the past year or so, quite a few controversies over RUclipsrs promoting scams, like Established Titles etc.. Obviously Charlie considers this, as he usually only promotes his own ventures, something he knows very well about. I do think it's an important issue that does need to be addressed, especially as more RUclipsrs rely on sponsors.
At this point, if you're getting crypto scammed, there's really no one else to blame but yourself
This lawsuit is going to be a waste of everyone’s goddamn time.
Yep, but only a waste of time for people I don't care about, so I wish them all the best in their dumpster fire!
You’re weird bro
Fr, no one had prior knowledge of their financials… no one would have had that info besides higher ups @ FTX & Alameda Research…FTX was assumed trustworthy because of their large client base as well as partnerships with MLB, Brady etc
more importantly money
atleast they be know for getting sued and some money for the lawyers
I always appreciate it when Charlie reads me bedtime stories.
@Logan Floor: Pedo Exposer ⸜⁄ no
Like Keanu Reeves Audiobook reading?
I do this for real, very calming voice
nothing like internet drama, crime, or car chases to put you to sleep!
really happy with the change in content these past few months. No more straight rips from the stream and more effort put into the videos
Day 23 of begging Charlie to fix the crooked Godslap poster
Charlie just roasts the shit out of everyone with a straight face.
and I love it
@@DxrkArtz Thats Cool, But Who Tf Asked?
@Don't Read My Profile Photo Who Was Gonna Read Your Name In The First Place?
@@Festive-Kentasid09 why do u capitalize every single word
@@Mandate_of_Heaven Thats Just How I Type-
7.
"They can't charge me if they don't see me." -Shaq, probably
Going to RUclips for financial advice is like going to your dentist for an STD.
10:45 Yeah, that's what I was thinking is that the only way the lawsuit has much standing in court is if they could prove that the RUclipsrs had prior knowledge and coordination of the scam. But it may depend on the judge/jury. The one thing that is certain is the RUclipsrs are going to lose at least thousands of dollars each to legal fees if a court decides to take the case, regardless of outcome.
It's always safe to be skeptical, as a viewer and as a content creator with a sponsorship. Do the research, and you can avoid losing money. I appreciate people like you and Coffeezilla putting information out there for the rest of us to be able to understand and learn from.
CHARLIE COMMENTED ON MY NEWEST VIDEO!
Just like in L.A Noire… 🤫🤫🤫
@@DxrkArtz Who Tf Asked?
Exactly, which is why I don’t think the RUclipsrs who did sponsorships should feel personal guilt for those who lost all their money, they couldn’t have know what FTX looked like inside and beyond that I can not understand how ANYONE can put their entire life’s worth of money in something, it’s just so baffling to me.
Depends if there’s research out there in the first place. Problem with FTX is that it wasn’t exactly a known fact SBF was embezzling away everyone’s money until he went broke and had to file for bankruptcy, then it became an international story that was investigated. But if you’re a financial channel where your whole gimmick/niche is providing sound financial advice, then isn’t it fair to assume that said financial channel should’ve done their due diligence if they are going to promote/vet a service to invest one’s life’s savings or retirement portfolios with???
This is a really tough situation though because everyone and I mean EVERYONE was pushing crypto sponsors. Not just financial advice channels but you had a lot of podcast, news channels, random goofy comedy stuff, etc. And if you’re a regular viewer/subscriber and see someone you routinely watch (aka an influencer or role model) repeatedly saying invest in crypto today and use my promo code for a free $100 in crypto or one month free trading etc, well now you’ve been influenced to buy this service because the adviser (the RUclips channel) has promoted it. It’s absolutely funny how one channel I watched at least once a week for several years promoted a crypto service, then FTX Scandal comes to light and suddenly all the crypto promotions are gone and he 180s saying don’t trust crypto cause it’s not a better currency 🤦🏻♂️
But the flip side is, yeah you don’t HAVE to buy something because a celeb or whatever says to. That’s be like suing Shaq because he used to have an endorsement with Oreos and so you bought Oreos all the time and now have diabetes. Is that a fair lawsuit? Probs not (although in America one thing will get thrown out while a different judge will take a very similar case and try it very seriously).
Point is, whole situation is a Crapshoot 🤷🏻♂️
Charlie: “These RUclipsrs are getting sued for $1 billion”
Everyone: *“This is the greatest lawsuit of all time”*
First Charlie completely obliterates what remaining online career Sneako had in a matter of four tweets, and then next thing he's covering a story about RUclipsrs being sued for a billion dollars as if it were any other typical Friday night. Absolute Legend.
Even Sasha Grey covered the Sneako drama and LOL'ed at the way Charlie destroyed Sneako
The more people keep mentioning him in Charlie's comment section, the more popularity he'll get. This is old news, we've moved on.
Sneako who? He must be irrelevant.
@@nikosucksatskating 😑🤐
5:24 "even broken clock is right twice a day" bro this wisdom, this line was so fricking good
that's like a commonly used saying lmao
Even under dust attack from the enemy, he still does his duty with courage
You know, bringing back dislikes can mitigate these goobers ‘financial advice’ credibility.
I suspect this is why dislikes were actually removed. so corporate propaganda can scam easier. around the time dislikes got removed people were getting more and more vocal about those types of vids
@@immapotato1 This is true. I noticed that the dislike button got removed the moment the White House channel started posting videos with Biden because... you guessed it - they got dislike bombed. And then not even a week later they started considering it. That and corporations, yeah, but we all know governments and corporations go hand in hand.
@@beamed5382 I know man, it's crazy to see someone who can actually use words above a 3rd grade reading level. I bet that's super rare in your life.
@@beamed5382 which word was the big boy word
@@beamed5382 suspect, propaganda, and vocal aren’t big boy words… they’re specific words that mean specific things lmao
It's sadly simple: You can't sue a TV channel whose Ad got you to buy to buy crap. Or an investment firm and their employee's, if they give you a shit advice. The RUclipsrs fall into the same category. They were promoting something but the final decision was still on the individuals, as was doing their due diligence and research. Especially when it comes to investing in something you know NOTHING about. DON'T, simple as. If you know nothing of a market, don't invest volatile money, unless you're prepared for the possible losses. Finally, unless they can prove that their ties to FTX was more than just a business arrangement for promotions, they will loose the lawsuit.
very very different. tv channels have zero say on what commercials are played. youtube channels choose their sponsors
I'm late to this, but there is a caveat to that: Investment firms, brokerages, and brokers are *licensed*. And giving financial advice *without* a license is, in the US at least, generally quite illegal. If you encourage investing, or call yourself an 'investment advisor' or similar, and you're not licensed? In the US that's a crime (particularly *if you're being compensated* somehow, either by your clients or by the organization you're talking up). One with a maximum penalty of one-hundred fifty thousand dollars and up to one-hundred fifty years in prison.
@@patrickharrington9394 Sure but in most cases, they don't really sell. They just let their followers sheep mentality kick in. They don't even need to flaunt it, upsell it, just the "They named it" is enough to see a LOT of people just buy and get into they know nothing about.
Shaq is like the sort of kid in hide and seek who hides in the most obvious spot but doesn’t tell the seeker that they’re ready.
I love how he basically said that people are stupid for trusting his advice.
It’s a big difference between advising and advertising tho, the guy that said that was advertising FTX.
@@oskarekelund1476 yes but he was a financial advisor advertising ftx. He technically has plausible deniability because he can say it was just an advert but at the end of the day ftx only paid him specifically because he had an audience who listened to him on other financial matters. He wasn’t just another famous person, he was targeted because of his credibility for general financial advice.
@@dravidianking1298 in his videos advertising FTX he did say that crypto is a risky investment and that IF you are going to invest then you should only put a small amount of you portfolio in to FTX.
He didn’t tell them go and invest right now this is 100% safe, what more can he do then telling them that crypto is risky and that they only should put in money that they can afford to loose?
If an adult invest money because they saw an ad and the investment fails then he is responsible for his investment, not the one advertising.
It would be different if he paid a financial expert to manage his money and invest it, then the investor would have to take some accountability, but to blame a youtuber that made ads is childish in my eyes.
@@dravidianking1298 Being a financial advisor is irrelevant, theres no legal basis to sue 3rd party paid promoters for a paid promotion because the CEO of the promoted business turned out to be a fraud, would you support suing tech youtubers for promoting NORD VPN if it turns out to be stealing user info? of course not, because its not their fault or responsibility.
@@oskarekelund1476It actually wouldn't be different for a financial advisor unless you can prove they misled you, lied, or invested your money with too much risk. Proving that last point is difficult because all investment is speculation. If your advisor dumped all of your money into FTX you'd probably have a lawsuit, but if they put say 10% in you'd really have no recourse for getting that money back.
Coffee and Charlie are such a power duo
Oh God. The Fan art.
Allowing a case like this to be heard will set a huge precedent. Imagine every paid advertiser being held responsible for the product they promote(d) ?
I like the progression of the room getting filled more and more - i remember when there was basically nothing in there.
Sameeee
I hope there is justice for the victims of this whole scam
Not likely. This type of shit does not get the happy ending it deserves 9/10 times.
I don't think it's even possible at this point tbh, even if they won the class action, they'll get next to nothing individually
@@Mandate_of_Heaven so we would have to get a miracle if anything for something good to happen, thats rough
@@andreethier816 and im guessing the youtubers themselves making things right for the victims is an option but not one they’d go with im guessing
I mean to be fair nobody forced them to do this. I work very hard for my money and I will never invest money in what a youtuber is selling. Just gotta have some common sense.
if Charlie ever gets sued it’s ok because he knows how mags work in his gun
10:30 literally their response "I feel bad they're irresponsible" boils down to "don't trust me or my advice". He gave the worst possible response, doubling down on the idea that their word isn't to be trusted and can be easily paid for.
There's just such a huge issue right now where anyone on platforms like this can say or do anything with absolutely zero consequences, with exceptions for a limited number specific things which would get the platform itself in legal trouble (or trouble with advertisers, or when an incident gains a massive amount of negative publicity.
The fact that these youtubers didn't ask how FTX was able to offer such high returns just for keeping your money there shows how little they care about their audience.
Can always count on Charlie to keep us up to date with the Internet drama
i love how charlie does the springtrap jumpscare at 0:00 every video 😂
If a scammer or a company are sued or fined for less than what they made then that's just a way for them to get away with most of the money. They should always be fined or sued for more that what they made.
I believe that Bin was possessed by Deadman to warn people about FTX because there’s no way he’ll warn people AGAINST crypto. It’s like Captain America saying Hydra isn’t so bad.
It’s wild to me. I don’t even put full faith on RUclipsrs and their video game reviews. But there’s people ready to sink their lives on their words lol.
Right? Absolutely bonkers.
Ikr. Unfortunately there are horrible people who will exploit gullible people.
"A broken clock is right twice a day"
I couldn't have said it better myself.
It's ironic that they only correctly predicted the movement of the crypto market as it was beginning to crash.
man i love that they're all being called out now, as they should no one who promoted this BS should feel safe.
I like going back to older videos from Charlie, and admiring the transition of this room
In all reality, I do hope there is some sort of accountability for shilling financial companies out to influencers.
Why?
It’s refreshing to see Charlie go more in depth on camera about the situation as opposed to showing clips from his stream. I like this.
Dr. Evil: "One billion dollars..."
*Everyone in the room gasps.*
1 billion is a crazy amount for suing.
You can't assume do diligence is done by someone else. Thats LITERALLY what makes it DO diligence. You have to DO your own diligence.
When I think of Shaq hiding. I think of the meme of him hiding behind that small tree.
i love when charlie wakes up and does the thing where he goes up and does the thing
The gains are personal, the losses are mutual! It feels like this is what is happening currently
This will probably get thrown out fairly quickly. Idk how they think that these influencers could have any idea what was going on behind the curtain.
I have never heard of any of these RUclipsrs that are getting sued until now.
“This is not financial advice” is not a magic spell that gets rid of all responsibility
even if it is financial advice, i don't think it would still go anywhere because otherwise Jim Cramer would be sued constantly
In fact, if a quick reading of the IAA (the Investment Advisers Act of 1940) is anything to go by, it doesn't get rid of *any* responsibility (in the US, anyway). Zero. None. If any of the people who were talking up FTX, Celsius, or any other major name in Crypto lost investors money, the words 'this is not financial advise' are about as legally relevant as a roll of toilet paper. And the ones who were *compensated* for doing so are as protected by those words as the cardboard tube of that same roll if it were at the bottom of the ocean.
Unless they were licensed, of course. But licensed investment advisers have no reason to put those words on their advise, so safe to say they probably weren't.
Ouch. That’s a very expensive lawsuit they got themselves in.
I've just noticed in this video that the Godslap posters in the background are off centre and I can't unsee it...
💀💀now I cant unsee this
Now that's the only thing I can see
The worse part is that with this going to court is it will be the poster boy not to adopt crypto as the dollar. Unless its ran by the goverment
It seems like youtubers are always getting sued or suing
I will never get over him showing those guns absolute power play
Right?
@TheNerdy Lad 0/10
Even a broken clock is right twice a day, a powerful and understated metaphor.
"These are some really big, recognizable names"
- literally haven't heard of any of these goobers in my wholeass life
It's an interesting sort of wealth when you own nothing but lose everything.
Charlie: Talking about something extremely serious. Bots: I love how he never disappoints us with his content.
They've found you too
Seems a bit hypocritical my friend. 🤓☝🏽
“I make better content” bots have been summoned.
@Detector ⸜⁄ shut up
quite ironic
how neat that anyone can initiate a dead end legal case and waste everyones time, money and patience.
You shouldn't be able to sue somebody who talks you into a risky investment unless it's a scam and they know it's a scam.
They’re finally all getting what they deserve
ok what about the people who didn't know anything shady was going on until everything came to light, and only promoted it because on the surface it seemed legit
If one lost money due to listening to a RUclipsr, they shouldn't be allowed to sue.
yeah, I was scratching my head like, how tf are they gonna prove that the youtubers knew it was a scam? so many youtubers get sponsored by scams and claim not to know
How much scams need to happen before people realize it’s not worth it
Suing the endorsers is like suing McDonald's employees because you didn't like the food.
That is a shitty analogy. It is more like suing mcdonald's for serving you coffee at an extremely high temperature and leading to you having your labia fucking fused to your thighs.
The worst part is that 39.8 million was put into Democrat super PACs. 2nd largest individual donor = illegally obtained money. lol
Also, Legal Eagle has a bias toward Democrats.
Dude those rogue eyeball events are dangerous, careful out there.
there should be a new Shaq Fu game where he's venting and going through other secret passages in his own house to avoid the lawsuit messenger like they were a xenomorph
I’m pretty fucking sick of original comments being vandalized by bots. It’s sickening.
I see you fighting the good fight man! ✊
Hope you're doing good, Charlie. You deserve to be happy.
@Detector ⸜⁄ ratiooo
@Don't Read My Profile Photo ratiooo
Npc comment
???? Random ass comment.
@_LoganFloorYou are a 🤡.
That's why influencers and content creators should always be honest and disclose when they're being paid to promote products and services. That way they can't be held accountable for things like this.
"Shaq trying to hide"
A feat impossible for giants.
Yeah, this lawsuit may not even go anywhere passed the initial phase but damn it all, if it does make it to trial, let it be the wildest fucking court-case of all time.
I literally never even heard of all of them
For the RUclipsrs, I doubt SBF called them up and said, "this is a scam, are you in?" Sounds like ppl trying to recoup and then some.
Let’s be real. The only thing Shag can crouch behind is Sneakos love for Cuties
My man just humiliated Sneako and just went back to work as if it was no big deal.
I love how he is so calm
Funny enough, I wonder if Ben actually warning people away from FTX will hurt the others named in the case, bc if he saw the end coming, then it could be argued that the others saw it too and still promoted it
Charlie needs to do youtuber being sued moist meter/tier list
Thank you for being you moist!