How Failed Crypto Entrepreneurs Ran A $1.8 Billion Fraud

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  • Опубликовано: 17 ноя 2024

Комментарии • 210

  • @wallstreetmillennial
    @wallstreetmillennial  9 месяцев назад +4

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

  • @adamstahlecker6254
    @adamstahlecker6254 9 месяцев назад +277

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

    • @allhailderpfestor4839
      @allhailderpfestor4839 9 месяцев назад +35

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

    • @grahamjones5400
      @grahamjones5400 9 месяцев назад

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

    • @uptown710
      @uptown710 9 месяцев назад +23

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

    • @JAYFULFILMZ
      @JAYFULFILMZ 9 месяцев назад +15

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

    • @KageNoTenshi
      @KageNoTenshi 9 месяцев назад

      American as a whole are infamously bad at math

  • @geoffreypiltz271
    @geoffreypiltz271 9 месяцев назад +142

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

    • @HoneyLove77
      @HoneyLove77 8 месяцев назад +1

      Yup and the usual suspects!!

  • @jeremymcauliff8485
    @jeremymcauliff8485 9 месяцев назад +118

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

    • @psp4150
      @psp4150 9 месяцев назад

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

    • @yourcheapdate4564
      @yourcheapdate4564 9 месяцев назад +8

      same same, slow and steady

    • @jeffw8218
      @jeffw8218 9 месяцев назад +7

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

    • @cgasucks
      @cgasucks 9 месяцев назад +3

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

    • @michaele.strasser9641
      @michaele.strasser9641 9 месяцев назад

      ​@@yourcheapdate4564and I prefer fast and steady.

  • @salkryeful
    @salkryeful 9 месяцев назад +117

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

    • @jamesrav
      @jamesrav 9 месяцев назад

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

    • @KageNoTenshi
      @KageNoTenshi 9 месяцев назад +24

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

    • @salkryeful
      @salkryeful 9 месяцев назад +7

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

    • @justoverit
      @justoverit 9 месяцев назад +1

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

    • @reappermen
      @reappermen 9 месяцев назад +7

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

  • @yourcheapdate4564
    @yourcheapdate4564 9 месяцев назад +27

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

    • @captainjacobkeyes6733
      @captainjacobkeyes6733 9 месяцев назад

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

    • @lucre113
      @lucre113 9 месяцев назад

      First impression of rivian, or the family? LOL

  • @user-yt198
    @user-yt198 9 месяцев назад +42

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

  • @DoctorBiobrain
    @DoctorBiobrain 9 месяцев назад +17

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

  • @coachartifitness4621
    @coachartifitness4621 9 месяцев назад +10

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

    • @wheressteve
      @wheressteve 5 месяцев назад

      Schadenfreude is delicious.

  • @polymathx_
    @polymathx_ 9 месяцев назад +42

    Waiting for Adam Neuman video after flow shuts down 😂😂

  • @victorsegoviapalacios4710
    @victorsegoviapalacios4710 9 месяцев назад +14

    Anothet day, another crypto scam

  • @LIONTAMER3D
    @LIONTAMER3D 9 месяцев назад +16

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

    • @Jordan-Ramses
      @Jordan-Ramses 9 месяцев назад +9

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

  • @aenorist2431
    @aenorist2431 9 месяцев назад +31

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

  • @p.d.stanhope7088
    @p.d.stanhope7088 9 месяцев назад +35

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

    • @chris0000924
      @chris0000924 9 месяцев назад +1

      Stock market has 20x the frauds

  • @bacool
    @bacool 9 месяцев назад +5

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

  • @mikeh.1130
    @mikeh.1130 9 месяцев назад +5

    Surprised Kathy Woods didn't jump on this.

    • @samsonsoturian6013
      @samsonsoturian6013 9 месяцев назад

      She was restricted because she is an ETF manager

  • @joannewalker7863
    @joannewalker7863 9 месяцев назад +3

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

  • @nielsdegraaf9929
    @nielsdegraaf9929 9 месяцев назад +3

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

  • @TacticusPrime
    @TacticusPrime 9 месяцев назад +14

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

    • @tripplefives1402
      @tripplefives1402 9 месяцев назад +5

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

    • @letsburn00
      @letsburn00 9 месяцев назад +3

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

    • @stormryder4305
      @stormryder4305 9 месяцев назад +1

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

  • @theIdlecrane
    @theIdlecrane 9 месяцев назад +10

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

    • @theIdlecrane
      @theIdlecrane 9 месяцев назад +3

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

  • @KanagaDeepanN
    @KanagaDeepanN 9 месяцев назад +2

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

  • @ChrisJohnson-tn1mo
    @ChrisJohnson-tn1mo 9 месяцев назад +5

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

    • @SINERGYV1
      @SINERGYV1 9 месяцев назад +1

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

    • @ChrisJohnson-tn1mo
      @ChrisJohnson-tn1mo 9 месяцев назад +1

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

    • @OffGridInvestor
      @OffGridInvestor 8 месяцев назад

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

  • @mhbtay
    @mhbtay 9 месяцев назад +5

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

    • @stormryder4305
      @stormryder4305 9 месяцев назад

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

    • @samsonsoturian6013
      @samsonsoturian6013 9 месяцев назад

      Because they know it's a scam

    • @mingchi1855
      @mingchi1855 9 месяцев назад +1

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

  • @mtmadigan82
    @mtmadigan82 9 месяцев назад +4

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

    • @anjelica948
      @anjelica948 8 месяцев назад +1

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

    • @mtmadigan82
      @mtmadigan82 8 месяцев назад

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

  • @huddunlap3999
    @huddunlap3999 9 месяцев назад +2

    I am still amazed people fall for this.

  • @De23Rosa
    @De23Rosa 9 месяцев назад

    Red flags rebranding rebranding opening many businesses which fail

  • @michaelmoses8745
    @michaelmoses8745 9 месяцев назад +2

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

  • @AustralianLeprechaun
    @AustralianLeprechaun 9 месяцев назад +3

    Scammers everywhere

  • @George43_
    @George43_ 9 месяцев назад +2

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

  • @davidtydeman1434
    @davidtydeman1434 9 месяцев назад +5

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

    • @Tony-m4b
      @Tony-m4b 9 месяцев назад

      And that is proof they were in on it.

  • @JAYFULFILMZ
    @JAYFULFILMZ 9 месяцев назад +3

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

    • @schwingedeshaehers
      @schwingedeshaehers 9 месяцев назад +1

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

  • @michaellisi7285
    @michaellisi7285 9 месяцев назад +1

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

    • @dom7019
      @dom7019 9 месяцев назад +5

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

  • @joelee8967
    @joelee8967 9 месяцев назад +1

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

  • @grahamjones5400
    @grahamjones5400 9 месяцев назад +2

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

  • @litalpeled2055
    @litalpeled2055 8 месяцев назад

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

  • @idrathernot_2
    @idrathernot_2 9 месяцев назад

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

  • @ADJLfanatic52
    @ADJLfanatic52 9 месяцев назад

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

  • @DEHEK
    @DEHEK 9 месяцев назад

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

  • @z50king29
    @z50king29 6 месяцев назад

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

  • @judassantacruz4071
    @judassantacruz4071 9 месяцев назад +10

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

    • @anush_agrawal
      @anush_agrawal 9 месяцев назад +1

      Options are legal but giving half of profit back seems shady

    • @schwingedeshaehers
      @schwingedeshaehers 9 месяцев назад

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

  • @PiouStarcraft
    @PiouStarcraft 9 месяцев назад

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

  • @iamsioth
    @iamsioth 9 месяцев назад +1

    Sounds like bitconnect part 2

  • @jonahfalcon1970
    @jonahfalcon1970 9 месяцев назад

    Crypto entrepreneurs and fraud are synonyms.

  • @menow7903
    @menow7903 8 месяцев назад

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

  • @hblee88
    @hblee88 5 месяцев назад

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

  • @CommandereON
    @CommandereON 9 месяцев назад

    No matter what you do…never give up. 😅

  • @BaveconsoBVBA
    @BaveconsoBVBA 9 месяцев назад +3

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

  • @keiserious
    @keiserious 9 месяцев назад +1

    Why do the cry-pto scammers always look weird😂

  • @TheSushiandme
    @TheSushiandme 9 месяцев назад +7

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

  • @dvidsilva
    @dvidsilva 7 месяцев назад

    Love the coinbase pyramid scheme ad that runs before this video

  • @InvunerableSiegfreed
    @InvunerableSiegfreed 8 месяцев назад

    I dont know why they didnt know all crypto are scam

  • @chesterstevens8870
    @chesterstevens8870 9 месяцев назад +1

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

  • @rock3tcatU233
    @rock3tcatU233 9 месяцев назад +5

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

    • @stupidbro2301
      @stupidbro2301 9 месяцев назад

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

  • @broca246
    @broca246 8 месяцев назад

    How could ppl fall for this 😢😢😢

  • @hedgeowlinvest7902
    @hedgeowlinvest7902 Месяц назад

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

  • @leviticusjames8983
    @leviticusjames8983 9 месяцев назад

    Do workhorse next

  • @obsidianjane4413
    @obsidianjane4413 8 месяцев назад

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

  • @TheMilkman-k7p
    @TheMilkman-k7p 8 месяцев назад

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

  • @crypto_que
    @crypto_que 9 месяцев назад

    Bro said he put Satoshi Nakamoto on 🤣

  • @angloedu5499
    @angloedu5499 5 месяцев назад

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

  • @HoneyLove77
    @HoneyLove77 8 месяцев назад +1

    The usual suspects!!!

  • @famip3679
    @famip3679 9 месяцев назад

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

  • @kphaxx
    @kphaxx 9 месяцев назад

    Another one??

  • @fakeplaystore7991
    @fakeplaystore7991 9 месяцев назад

    ANOTHER crypto scam? My, my.

  • @geospatialindex
    @geospatialindex 9 месяцев назад

    Why are you promoting get rich quick schemes

  • @GeoCalifornian
    @GeoCalifornian 8 месяцев назад

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

  • @andrewdemora336
    @andrewdemora336 8 месяцев назад

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

  • @Stock_Holder95
    @Stock_Holder95 9 месяцев назад

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

  • @blueviserion
    @blueviserion 9 месяцев назад

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

  • @beautyandthesimp
    @beautyandthesimp 9 месяцев назад

    Crypto is scam. Mix real money with fake money

  • @phdonme1
    @phdonme1 9 месяцев назад

    Hyper Tech
    Fkn Hyper Tech
    That name tho

  • @tkyap2524
    @tkyap2524 8 месяцев назад

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

  • @jjpaq
    @jjpaq 8 месяцев назад

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

    • @NorthStarBlue1
      @NorthStarBlue1 8 месяцев назад

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

  • @kass794
    @kass794 5 месяцев назад

    Greed played them 🥴🙄🤦‍♀️🤡

  • @MrTurretless
    @MrTurretless 8 месяцев назад

    Fools and their money...

  • @MikaJarvi86
    @MikaJarvi86 26 дней назад

    "Beauty"🤣🤣

  • @toddknode752
    @toddknode752 9 месяцев назад +5

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

  • @chadakoin1
    @chadakoin1 9 месяцев назад

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

  • @ecoideazventures6417
    @ecoideazventures6417 9 месяцев назад

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

  • @Kabodanki
    @Kabodanki 9 месяцев назад +7

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

    • @toomanyaccounts
      @toomanyaccounts 9 месяцев назад +8

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

    • @nicofoxhound6881
      @nicofoxhound6881 9 месяцев назад

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

    • @grahamjones5400
      @grahamjones5400 9 месяцев назад

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

  • @patrickestonilo8241
    @patrickestonilo8241 8 месяцев назад

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

  • @TiberianFiend
    @TiberianFiend 9 месяцев назад +1

    "Australian"

    • @tripplefives1402
      @tripplefives1402 9 месяцев назад +1

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

  • @tronghungdao251
    @tronghungdao251 9 месяцев назад

    😂😂😢😮😮😮😮😮😮😮😮

  • @vinniepeterss
    @vinniepeterss 2 месяца назад

    ❤❤

  • @johnnyward8937
    @johnnyward8937 8 месяцев назад

    "Promosm" 🤦

  • @mgu1N1n1
    @mgu1N1n1 9 месяцев назад +2

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

    • @anush_agrawal
      @anush_agrawal 9 месяцев назад

      Because people are still falling into these fraud schemes

  • @ZoTrAcK
    @ZoTrAcK 9 месяцев назад

    Bitcoin = Hope, Crypto = Fraud

    • @abel8831
      @abel8831 9 месяцев назад +2

      Bitcoin is literally crypto

    • @ZoTrAcK
      @ZoTrAcK 9 месяцев назад

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

  • @bulletflight
    @bulletflight 9 месяцев назад +1

    So many scambots promoting charge backtool? Tools indeed.

  • @ax3226
    @ax3226 8 месяцев назад

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

  • @ax3226
    @ax3226 8 месяцев назад

    365% every year literlly!

  • @andymsales
    @andymsales 9 месяцев назад

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

  • @deloretada8646
    @deloretada8646 8 месяцев назад +1

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

  • @George43_
    @George43_ 9 месяцев назад +2

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

  • @joannewalker7863
    @joannewalker7863 9 месяцев назад +3

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