I know. Whenever I watch something like this, my first question is, “how?” And then “are people actually this naive ?”. Like seriously , I understand the whole scam , fraud game/industry.. but some examples leave me absolutely dumbfounded and confused. Dumbfounded that it worked , and confused in the sense that.. are there people out there ACTUALLY that dumb/naive when it comes to scenarios like this? Like seriously I don’t understand. I just cannot believe how some scams are able to be executed. I guess the problem is I assume by default that the general pop is more or less like myself , with a good bullshit radar. But this (and many other cases ) is a reminded I guess that , that is not at all the case. That some people REALLY are that dumb. In my opinion (and this is never talked about by anyone I don’t think) , one of the BIGGEST, ACTUAL factors involved with determining one’s intelligence is naivety.
So let me get this right: 1. No background in finance or industry experience, 2. No regulatory or compliance requirements met for managing funds in Ontario (or anywhere else for that matter), 3. 100% purely speculative market with zero intrinsic value, 4. Guarantee returns of 20% per month on capital… and you thought investing millions in this kid was a great idea? Greed is good.
@@AdamJ_TradesDefine intrisic, your comment implies you don't know what the word means. After you have defined it, please also explain what the intrinsic value of digital currency is. I will help you out with that second part: if you have an answer for it, you still don't know what intrinsic means.
@@mandlas.4305 Then they wouldn't get their money. My guess he isn't facing real punishment is because he is finding ways to donate to the right people to not get any real consequences. Shouldn't really be a surprise, our capitalist system loves money. As long as you aren't gaining too much public notoriety for something heinous, the justice system doesn't really care to prosecute you compared to someone who is broke. Canada's system is similar to the US. We all saw what happened with Epstein.
I'm currently a witness/victim of a fraud case being pursued in Ontario that involves numerous victims and I can echo your final statements at the end at how there is little chance of conviction/charges and even if so, little chance of any return of the money. Seeing someone who stole substantial money from you continue a free lifestyle while you're in ruins is devastating mentally (and financially). The justice system is completely exhausting.
@@a1c3c3u the case is against a home builder who took money from numerous clients promising to build them homes and never delivered on that promise, so it is an unfortunate financial blow for all of us who were expecting a home to live in.
Our justice system is all about protecting criminals. He was given $40M under false pretenses, then kept it for himself, for me that's theft. He should be facing a 10+ year jail sentence.
.....w/ good advice from his L$WYER. He be out less than 10 years. And he wil continue enjoy the good weather & foods at Toronto after he become new man.
@johnnygoodman2003 here's the problem. He only invested 1.6% of all money he took into crypto. This wasn't an investment capital loss, this was straight up theft.
Only in Canada would someone who defrauded this many people for that amount of dollars be a free man. Able to travel the world and continue like nothing has happened.
@@Slave4FreedomHumans are corruptible, therefore there will be corrupt politicians. Have you never heard of corruption scandals in France and worldwide etc...really?
Anyone who gets scammed falls for one (or more) of 3 things - greed, fear & lust. Scam or not, the entire "wealth management" playbook is built on these traits.
Excellent propaga...err...I mean "news" piece, CBC. I remember crypto scammers defrauding investors going all the way back to Bernie Madoff and Kenneth Lay so if we just ban crypto then there will definitely super-de-dooper be no more scams anymore! In fact if we push a government controlled cryptocurrency, let's call it a see bee dee see for example, then government bureaucrats can not only stop all the scamzers but also seize money from ANYONE without having to waste tax dollars on silly things like "due process" and "warrants". Not only that but they can then also put quotas on things like meat and sugar to stop all those evil carbon-emitters who don't eat their proper share of bug paste for the sake of their Goddess Gaia...err...I mean "mother earth" 😅
I am sure they got some piece of his scam pie. Same as the parents of the other crypto king sam bank friedman (or something like that). Steal money from others and spread it around your family. That's what scammers do.
But the liar has to take some responsibility as well. You expect a certain level of truth...but not with a kid.... Anyone under 30 AVOID! Especially now. They lack any kind of moraility.
Excellent propaga...err...I mean "news" piece, CBC. I remember crypto scammers defrauding investors going all the way back to Bernie Madoff and Kenneth Lay so if we just ban crypto then there will definitely super-de-dooper be no more scams anymore! In fact if we push a government controlled cryptocurrency, let's call it a see bee dee see for example, then government bureaucrats can not only stop all the scamzers but also seize money from ANYONE without having to waste tax dollars on silly things like "due process" and "warrants". Not only that but they can then also put quotas on things like meat and sugar to stop all those evil carbon-emitters who don't eat their proper share of bug paste for the sake of their Goddess Gaia...err...I mean "mother earth" 😅
it is illegal, nobody should EVER send ANY money to ANYONE to trade/invest for them. unless they are a licensed financial advisor. if they are not licensed, its 99.9999% a scam. its sad because most people would rather buy into the get rich quick than take the time to learn. there is so much free info that can help people get on the right foot.
Right a 20 year old guy who calls himself king can make your investment 10-20% in matter of weeks with no risk? Dude Wall Street hedge funds banks ain’t got nothing to this guy and this wasn’t seen as a red flag? Dude don’t even have a background on anything to backup his business😂
T.O, try to ask anyone for a free cup of coffe and you would get rejected immediately. How on earth these people gave him that much money? BUNCH OF FOOLS.
I don't think he even was kidnapped, he was just hidden, used some make up and posted a blurry video and photos, confessed some misdeeds but later claimed to be under duress and kept ALL his money hidden in the world. Oldest scam, starlets did all the time to enhance their careers he did to kept ALL his money.
It was a real kidnapping. Mr. Heywood, Tyler Fast, 37, and Deren Akyeam-Pong, 24, all of Toronto, as well as Rakeem Henry, 24, of London have been charged with kidnapping and assault.
This is another example of how the BOCs 0.25 percent interest rates (negative real rates) created nothing but a giant bubble, upwards transfer of wealth and mal-investment.
It's Canada, laws there don't matter. How else could a Contractor steal thousands of dollars for not doing the work and never get arrested as the local police call it a civil matter. Kinda sad....and I wish it wasn't that way, but certainly seems to be.
Fascinating how u make blanket statements about a country when most of the world struggles to address this type of crime. Care to comment on how Russian oligarchs steal money on the regular?
Excellent propaga...err...I mean "news" piece, CBC. I remember crypto scammers defrauding investors going all the way back to Bernie Madoff and Kenneth Lay so if we just ban crypto then there will definitely super-de-dooper be no more scams anymore! In fact if we push a government controlled cryptocurrency, let's call it a see bee dee see for example, then government bureaucrats can not only stop all the scamzers but also seize money from ANYONE without having to waste tax dollars on silly things like "due process" and "warrants". Not only that but they can then also put quotas on things like meat and sugar to stop all those evil carbon-emitters who don't eat their proper share of bug paste for the sake of their Goddess Gaia...err...I mean "mother earth" 😅
its america as a whole.. usa is worst when it comes to letting criminals slip through.. justice has a price. usa thinks they enforce laws more because they have more inmates.. ever thought that its just that they commit more crime in general? only in america do they sue companies for not putting "caution:hot" on a coffee cup..
What angers me the most is he made genuine money for a while. He could have bought a nice BMW, rented a humble house/apartment, and truly worked hard to make investors money. Then occasionally enjoy the fruits of his labor. Instead he bought 11 lambos and a $45,000 a month mortgage. Wild.
i highly doubt that early winning was because of skill. He's more like a lottery jackpot winner who collects money to invest it in lottery tickets because "he knows how to win".
@@MrSmriley That’s what I am saying. Re-read it again. He could of worked hard to make sure that they all earned profitable dividends, instead of scamming. While also living a decently comfortable life.
@@TheeRedBaron look not all realtors are bad and predatory, but if you can throw out 4.6 million like that working as a realtor, you ain’t working clean that’s for sure
Hi *isaak recover* To all you guys (male and female) that work so hard, putting a stop to the scams you can stop. I Thank each and every one of you. Please keep up the great work and when I'm able to help you out financially, I most definitely will. In the meantime, keep the excellent help coming. In my mind, you're the best channel on TH-cam by far. Many thanks from a true dedicated fan in the UK. Stay safe all. Thanks. *isaak* .
This is too common in the west today. A criminal ruin people's lives. They apologize and play the victim then everything is okay again... if we forget about the original victims.
The investers were greedy. I blame them just as much. Because they heard 10-20% returns. When will these people learn there's no get rich quick. If you want to throw your money away then send it to me.
I realized that the secret to making a million is saving for a better investment. I always tell myself you don't need that new Maserati or that vacation just yet. That mindset helped me make more money investing. For example last year I invested 80k in stocks and made about $246k,but guess what? I put it all back and traded again and now I am rounding up close to a million
Thanks for continuing updates I'd rather trade the stock market as it's more profitable. I make an average of $42,500 per week even though I barely trade myself.
I truly don’t understand how an adult in his or her own mind would trust a young kid with millions of dollars to double their money. I don’t have much but even when I invest, I do it through different streams…when a deal is too good….remember what to do in future…there is no get rich quick, not even a chance.
This kind of stories keep coming out, but the consequences are minimal, which encourage more people to do it. It seems to easy to steal money this way and don’t go to jail and even if yo do when you go out you have Netflix paying millions to tell your story. I bet this trend will continue
This is Bull. If money is being spent it can be traced. Talking crap about it hard to see who is behind the wallet. Crypto can’t be spent from a wallet and have to be converted into cash via some type of an exchange
if people or companies do this they should be forced to give everything they owe back either by selling assets, jail or by doing community service to the equivalence of the sum owed. I know this is basically slave labour but it what other options are there when they can just declare bankruptcy and start again.
You’re supposed to keep your own money in crypto. 3rd party risk defeats the purpose of real crypto. When will people learn ? Not your private keys not your money.
I remember when I just got into crypto back in 2019 but later in 2020 I ended up selling it because I was dumb and I didn't understand it. I studied and learned and now I know how it works. Got back into crypto early in 2023 with 10k and I’m up with 128k in a short period of time . I was able to build a business from my returns 💚
It’s a scam when you think about crypto as easy money maker, while having no clue how it works (literally majority of people that got invested into crypto).
Excellent propaga...err...I mean "news" piece, CBC. I remember crypto scammers defrauding investors going all the way back to Bernie Madoff and Kenneth Lay so if we just ban crypto then there will definitely super-de-dooper be no more scams anymore! In fact if we push a government controlled cryptocurrency, let's call it a see bee dee see for example, then government bureaucrats can not only stop all the scamzers but also seize money from ANYONE without having to waste tax dollars on silly things like "due process" and "warrants". Not only that but they can then also put quotas on things like meat and sugar to stop all those evil carbon-emitters who don't eat their proper share of bug paste for the sake of their Goddess Gaia...err...I mean "mother earth" 😅
Lesson is: wonna become rich? Better path is being a fraudster! You'll never going to pay your victims in full and can easily hide the proceedings and jail time is often not the case.
Nope. Gov should mind their on business and people should stop being children and grow up and use some sense Giving money to any guaranteed thing is 100% scam. Foolishness of others shouldn't be the burden of the whole.society by giving government more power and control of our lives.
The kid is a con artist , he suckered in greedy people hoping to get rich quick . He got caught and some of his " investors " are not happy . TBH I have no sympathy for him or any of his debtors . It just underscores the old saying that if it sounds to good to be true , it probably isn't .
The investors were greedy expecting those types of returns. Does this make what the fraud did right? Of course not! But nobody wants to take accountability.
I like how all the investors chose to willingly give this child who got lucky their money and are now blaming the child for losing said money. Like this is 100% on the "investors" that did 0 research and threw money at a trend. They should not be compensated in any way, it was a bad investment and you lost, if it happened with anything other then crypto it would just be a loss
Partially true. That should be his argument, but the problem is he only invested 1%. If he had actually invested and lost the money, that argument would work.
@@CountryKyle007 doesn't matter, unless it's started clearly in writing he's done nothing wrong, again, the fault of the investors for not having a proper written agreement in place starting that he needed to invest all the money
Dude would make a perfect example for the show American Greed.... oh but this is Canada where claiming you're a crypto king and spending millions of your investors money is not rewarded with 30 years of hard prison time
So u mean when wall street purposely crashed the economy in 2008, and no one went to jail- that was American justice to u? American Greed is a TV show. They only show u cases of justice as propaganda.
@@machevellian79 I did watch the entire video. The 'crypto-investors' got greedy and they lost. boohoo. it's a civil matter, and the government has no reason to get involved. again, we should feel no sympathy for people who allow their greed to overrule common sense and good judgement.
I don’t blame him ,people who invested in cristo are responsible for their loss, greedy is the rule of all evils, given your money to strangers to invest server you right don’t come crying ,every time something like this happen people don’t learn Christo is a big scam
![Married Couple Steals $4.5 Billion in Bitcoin Heist [Bitfinex]](/img/n.gif)
You give a 23 yr. old 4 million and you're surprised your money is gone, that's what's surprising.
Exactly lmao
My thoughts exactly
The same people who let their children sleep with michael jackson unattended.
surprised people still believe in crypto:)
@@marksgoogle4360 you can make money from crypto but the question is how you will do it. it is a zero-sum game as well like the stock and forex market
Just look at him… it’s amazing anyone would give him any money.
4m lmao
Dead eyes
thank you! someone has common sense. 😂
I know. Whenever I watch something like this, my first question is, “how?” And then “are people actually this naive ?”. Like seriously , I understand the whole scam , fraud game/industry.. but some examples leave me absolutely dumbfounded and confused. Dumbfounded that it worked , and confused in the sense that.. are there people out there ACTUALLY that dumb/naive when it comes to scenarios like this? Like seriously I don’t understand. I just cannot believe how some scams are able to be executed. I guess the problem is I assume by default that the general pop is more or less like myself , with a good bullshit radar. But this (and many other cases ) is a reminded I guess that , that is not at all the case. That some people REALLY are that dumb. In my opinion (and this is never talked about by anyone I don’t think) , one of the BIGGEST, ACTUAL factors involved with determining one’s intelligence is naivety.
Canadians...
So let me get this right: 1. No background in finance or industry experience, 2. No regulatory or compliance requirements met for managing funds in Ontario (or anywhere else for that matter), 3. 100% purely speculative market with zero intrinsic value, 4. Guarantee returns of 20% per month on capital… and you thought investing millions in this kid was a great idea? Greed is good.
Ignorance is costly.
Tons of “intrinsic” value lol.
But aGREED otherwise
@@AdamJ_TradesDefine intrisic, your comment implies you don't know what the word means. After you have defined it, please also explain what the intrinsic value of digital currency is. I will help you out with that second part: if you have an answer for it, you still don't know what intrinsic means.
Most of the money he was given was dirty
He is a laundry mat🎉
Related to Clinton's?
Most of these investors have something in common with Platerski: humongous greed and unequivocal negligence.
or they needed money laundered
@flytoday well pointed out
It sounds like you are justifying it? That kid is going to end up not alive.
@@motivatedbyaction3299 Kids don't say "dead" anymore?
@@kek22219Thier generation say unalive
You would've guessed that someone with $4 million, would have the common sense of not trusting a child with their money 😂
If the population goes along with digital currency, we all will know what this is like.
Exactly! 😂🤣
Awesome remark. I guess they came into possession of those $4 MIL in relatively easy way not by hard work.
I guess he thought the kid was a financial genius.
Having money does not mean common sense.
He’s lucky to be alive
A few victims did kidnap him and ransom him.
@@tabby6426 he’s still alive which is crazy
If he continues with this kind of lavish lifestyle, next time, he would be found dead.
@@mandlas.4305 Then they wouldn't get their money. My guess he isn't facing real punishment is because he is finding ways to donate to the right people to not get any real consequences. Shouldn't really be a surprise, our capitalist system loves money. As long as you aren't gaining too much public notoriety for something heinous, the justice system doesn't really care to prosecute you compared to someone who is broke. Canada's system is similar to the US. We all saw what happened with Epstein.
@@mandlas.4305you are right 😢
I'm currently a witness/victim of a fraud case being pursued in Ontario that involves numerous victims and I can echo your final statements at the end at how there is little chance of conviction/charges and even if so, little chance of any return of the money. Seeing someone who stole substantial money from you continue a free lifestyle while you're in ruins is devastating mentally (and financially). The justice system is completely exhausting.
So greed got the better of you. Too bad for you.
@@a1c3c3u the case is against a home builder who took money from numerous clients promising to build them homes and never delivered on that promise, so it is an unfortunate financial blow for all of us who were expecting a home to live in.
The real crime is her thinking that hair looked good enough to make a profile pic of.
Our justice system is all about protecting criminals. He was given $40M under false pretenses, then kept it for himself, for me that's theft. He should be facing a 10+ year jail sentence.
20 years
But his investors knew that crypto is mostly un regulated. They knew the risks and invested anyway.
.....w/ good advice from his L$WYER. He be out less than 10 years. And he wil continue enjoy the good weather & foods at Toronto after he become new man.
@johnnygoodman2003 here's the problem.
He only invested 1.6% of all money he took into crypto.
This wasn't an investment capital loss, this was straight up theft.
Of course but this is Canada.
The fact that this guy isn’t considered a criminal by the courts, what a joke 😂😂😂😂
Only in Canada would someone who defrauded this many people for that amount of dollars be a free man. Able to travel the world and continue like nothing has happened.
In Canada that’s a profession.
They call themselves politicians
100%@@Slave4Freedom
No, this is the way it is literally everywhere
@@Slave4FreedomHumans are corruptible, therefore there will be corrupt politicians. Have you never heard of corruption scandals in France and worldwide etc...really?
Have you heard of America and the stock market? Specifically CEO adam aron and AMC?
So, the lesson of this story is that if you are planning on committing fraud, move to Canada?
Yeah he only got fraud over 5k
Damn right
Anyone who gets scammed falls for one (or more) of 3 things - greed, fear & lust. Scam or not, the entire "wealth management" playbook is built on these traits.
😂hmm. Interesting
wrong. how scammers scam, they play your trust.
So is a ponzi scheme legal now in Canada? Why isn't he in jail?
Barely even a ponzi scheme, more like outright theft. He was clearly just blowing all the money he got on useless bling.
No consequences means more crimes and corruptions.
The business community as mastered this.
Excellent propaga...err...I mean "news" piece, CBC. I remember crypto scammers defrauding investors going all the way back to Bernie Madoff and Kenneth Lay so if we just ban crypto then there will definitely super-de-dooper be no more scams anymore! In fact if we push a government controlled cryptocurrency, let's call it a see bee dee see for example, then government bureaucrats can not only stop all the scamzers but also seize money from ANYONE without having to waste tax dollars on silly things like "due process" and "warrants". Not only that but they can then also put quotas on things like meat and sugar to stop all those evil carbon-emitters who don't eat their proper share of bug paste for the sake of their Goddess Gaia...err...I mean "mother earth" 😅
Just visit California, NY, Illinois and Oregon. You will see numerous examples of no consequence crimes.
@@JohnS-il1dr Florida, Texas, Alabama, South Carolina hide crime, whats your point?
@@JohnS-il1drToronto is bad too. Think about all the car robberies
Aiden helped naive easy-money addicts realizing their stupidity! Thank you man!
His parents must be so proud👏
I am sure they got some piece of his scam pie. Same as the parents of the other crypto king sam bank friedman (or something like that). Steal money from others and spread it around your family. That's what scammers do.
Sure they are having a good life off the back of his crimes
Andrew your reporting, 'content', is always a delight. I keep coming back for it specifically.
Fraud is a crime. The guy needs to go to prison. Why do the criminal courts not pursue these ppl?
crimes are for poor people, not rich people
@@elena6516um he’s not rich he has to file bankruptcy.
Probably because they make money off this somehow?
Crypto is still a new form of currency and the laws haven’t caught up yet
They are.
Greed is what got people in this mess.
Not necessarily. If you've bought the narrative (like you need the vaccine BS) and you can afford to lose the money (it's gambling), it's not greed.
Greed and gullibility, those two things will never be in short supply.
But the liar has to take some responsibility as well.
You expect a certain level of truth...but not with a kid....
Anyone under 30 AVOID! Especially now. They lack any kind of moraility.
Canadian laws are a joke... this guy would be in prison for life in the USA. Just see what happened to SBF...
the laws are for poor
Excellent propaga...err...I mean "news" piece, CBC. I remember crypto scammers defrauding investors going all the way back to Bernie Madoff and Kenneth Lay so if we just ban crypto then there will definitely super-de-dooper be no more scams anymore! In fact if we push a government controlled cryptocurrency, let's call it a see bee dee see for example, then government bureaucrats can not only stop all the scamzers but also seize money from ANYONE without having to waste tax dollars on silly things like "due process" and "warrants". Not only that but they can then also put quotas on things like meat and sugar to stop all those evil carbon-emitters who don't eat their proper share of bug paste for the sake of their Goddess Gaia...err...I mean "mother earth" 😅
What are you even on about. Trump’s still a free man and he attempted a coup among 91 other things.
Exactly. Donald Trump is exhibit A.@@petermelnikov682
@@petermelnikov682sbf has 1000x the net worth of this guy and he's going to get the book thrown at him
The whole crypto industry is based on this sort of people🤣🤣
8:40 is a false statement. It's more difficult to track cash than Crypto.
People have a LOT to learn about crypto. I am glad we are in this time now to have crypto starting up...
It should be a criminal offence in Canada to operate a collective scheme/fund without being licensed by a regulator.
it is illegal, nobody should EVER send ANY money to ANYONE to trade/invest for them. unless they are a licensed financial advisor. if they are not licensed, its 99.9999% a scam. its sad because most people would rather buy into the get rich quick than take the time to learn. there is so much free info that can help people get on the right foot.
@@executivezone1 Then why is this a civil case and not a criminal case. Why isn't AP in jail.
@user-rb4nj8hr5u Then why isn't there a criminal case being launched not just a civil case? AP should be in custody.
Excuse me sir, just suggesting this idea is very impolite of yours.
@@deepdivedelight please explain why it is impolite.
how are people giving this kid their hard earned money? blows me away
People are weak 🫤
A luxurious car, live a good life. That's enough trust there according to them.
Greed and delusion of the results of greed
My guy it’s the internet you act like it’s hard to scam people online you can literally scam for hundreds of thousands in won’t even a week
Seems like he should have used some of that money on skincare!😒
What do all the investors have in common? They wanted something for nothing, zero sympathy for any of them. Next time, work for your money.
They gave a 16 year old money? Sadly I don’t have sympathy for the investors.
Me neither
Right a 20 year old guy who calls himself king can make your investment 10-20% in matter of weeks with no risk? Dude Wall Street hedge funds banks ain’t got nothing to this guy and this wasn’t seen as a red flag? Dude don’t even have a background on anything to backup his business😂
The moment you see the CEO of a company running wild spending, run away with your money. That's already a red flag.
Jeff Bezos is spending billions on his yachts. Should I sell my Amazon stock?
how's he still living?
He is driving a lamborghini:
He must be good with money😂
🤣🤣🤣
It's the modern way....
Fr midcurve NPCs would think these 2 statements go hand n hand but in reality, it's the biggest red flag.
Why are people so willing to invest in obvious scams.. kid is so young and ppl gave him money
What could go wrong with investing over 4 million dollars with a kid who drives a Ferrari ?
Best cbc reporter at this time
T.O, try to ask anyone for a free cup of coffe and you would get rejected immediately. How on earth these people gave him that much money? BUNCH OF FOOLS.
I don't think he even was kidnapped, he was just hidden, used some make up and posted a blurry video and photos, confessed some misdeeds but later claimed to be under duress and kept ALL his money hidden in the world. Oldest scam, starlets did all the time to enhance their careers he did to kept ALL his money.
I literally just commented the same thing. Who gets kidnapped and then makes a video about it? Seriously!
He was legit kidnapped and beaten lol that parts not a lie
@@moblife11 like Juicy Smooyay? 🤣
@@moblife11 He wasn't beaten that hard, he still has knees and functioning fingers
It was a real kidnapping. Mr. Heywood, Tyler Fast, 37, and Deren Akyeam-Pong, 24, all of Toronto, as well as Rakeem Henry, 24, of London have been charged with kidnapping and assault.
This is another example of how the BOCs 0.25 percent interest rates (negative real rates) created nothing but a giant bubble, upwards transfer of wealth and mal-investment.
It's Canada, laws there don't matter. How else could a Contractor steal thousands of dollars for not doing the work and never get arrested as the local police call it a civil matter. Kinda sad....and I wish it wasn't that way, but certainly seems to be.
Or the other way around....so it's a civil matter
Fascinating how u make blanket statements about a country when most of the world struggles to address this type of crime.
Care to comment on how Russian oligarchs steal money on the regular?
Excellent propaga...err...I mean "news" piece, CBC. I remember crypto scammers defrauding investors going all the way back to Bernie Madoff and Kenneth Lay so if we just ban crypto then there will definitely super-de-dooper be no more scams anymore! In fact if we push a government controlled cryptocurrency, let's call it a see bee dee see for example, then government bureaucrats can not only stop all the scamzers but also seize money from ANYONE without having to waste tax dollars on silly things like "due process" and "warrants". Not only that but they can then also put quotas on things like meat and sugar to stop all those evil carbon-emitters who don't eat their proper share of bug paste for the sake of their Goddess Gaia...err...I mean "mother earth" 😅
its america as a whole.. usa is worst when it comes to letting criminals slip through.. justice has a price. usa thinks they enforce laws more because they have more inmates.. ever thought that its just that they commit more crime in general? only in america do they sue companies for not putting "caution:hot" on a coffee cup..
Let's face it, they aren't victims. Their greed took them there!!!
People should be smart not to fall into those scammers.. His parents must be so proud.
Next time, be smart. That's what a clergyman told me when I was 18 years old.
People should be smart not to fall into those scammers.
What angers me the most is he made genuine money for a while. He could have bought a nice BMW, rented a humble house/apartment, and truly worked hard to make investors money. Then occasionally enjoy the fruits of his labor.
Instead he bought 11 lambos and a $45,000 a month mortgage. Wild.
What should anger you most is that he scammed millions out of investors, but there we go.
@@MrSmriley He could have actually invested the money and still take his cut, millions, and reinvest. That will be legit and sustainable.
i highly doubt that early winning was because of skill. He's more like a lottery jackpot winner who collects money to invest it in lottery tickets because "he knows how to win".
@@MrSmriley That’s what I am saying. Re-read it again. He could of worked hard to make sure that they all earned profitable dividends, instead of scamming. While also living a decently comfortable life.
Worst part is I think the house was a rental
I m surprised he's alive
They never actually invest the money EVER
Can’t imagine a realtor gave him $4.6 million to invest, its greed that befallen him.SMH
realtor is a scammer too.
Hes a realtor in one of the most expensive bloated real estate market in the world. You really think the guy has morals?
realtor made the $4.6 because the real estate is inflated
Pretty immoral to call the realtor a scammer for no reason. Dude works in the right field, don't hate because you cant comprehend that.
@@TheeRedBaron look not all realtors are bad and predatory, but if you can throw out 4.6 million like that working as a realtor, you ain’t working clean that’s for sure
My mom lied to me she said crime don't pay
Well, crime does not pay, unless you're a criminal lawyer.
i think if someone is motivated enough, something horrible might just happen to this 'king'.
Not gonna lie, it wouldn't upset me 😅
give it some time
I feel the same way with our current Government
Cartel puts him thru a wood chipper
it has to wait till nothing more can be recovered
Those people deserve to get their money taken if they invest in people based on pictures. lol
He bought an ad in Forbes and it worked.
Have you seen the American version? His name is Logan Paul.
Hi *isaak recover* To all you guys (male and female) that work so hard, putting a stop to the scams you can stop. I Thank each and every one of you. Please keep up the great work and when I'm able to help you out financially, I most definitely will. In the meantime, keep the excellent help coming. In my mind, you're the best channel on TH-cam by far. Many thanks from a true dedicated fan in the UK. Stay safe all. Thanks. *isaak* .
anyone who gave this kid money deserved to lose their money.
Good reporting CBC.
I think that the people who put their money on this guy, deserve the outcome of their own greed.
Why would you give your money to an Starbucks barista? 😂
This is too common in the west today. A criminal ruin people's lives. They apologize and play the victim then everything is okay again... if we forget about the original victims.
He is thief and a criminal he should be in jail, what kind of a country leaving such criminal animal free.
The investers were greedy. I blame them just as much. Because they heard 10-20% returns. When will these people learn there's no get rich quick. If you want to throw your money away then send it to me.
Funny how a lot of these self described crypto kings always turn out to be scammers.
How on earth is it possible for the court not to order a travel ban? I mean most of the gem must ve been stashed aboard.
20% every two weeks?! Sorry but some people deserve to be scammed if they can buy into something ridiculous like that.
this is Why we should stick with cash..and nothing digital
I realized that the secret to making a million is saving for a better investment. I always tell myself you don't need that new Maserati or that vacation just yet. That mindset helped me make more money investing. For example last year I invested 80k in stocks and made about $246k,but guess what? I put it all back and traded again and now I am rounding up close to a million
Thanks for continuing updates I'd rather trade the stock market as it's more profitable. I make an average of $42,500 per week even though I barely trade myself.
He was smart about it , he stashed lots of cash during this situation and now he is slowly pulling the cash out as he needs it .
I truly don’t understand how an adult in his or her own mind would trust a young kid with millions of dollars to double their money. I don’t have much but even when I invest, I do it through different streams…when a deal is too good….remember what to do in future…there is no get rich quick, not even a chance.
Simple answer,,it’s greed n scammers pound on that….so don’t be greedy n u will be fine….😂😂
@@david888a If only that were true.
Yes there is a way committing fraud. He just did. And he is happy in London been rich 😂
This kind of stories keep coming out, but the consequences are minimal, which encourage more people to do it. It seems to easy to steal money this way and don’t go to jail and even if yo do when you go out you have Netflix paying millions to tell your story. I bet this trend will continue
If you give your money to a 24 year old with no background in asset management or finance , then you deserve to lose it all
They should have taken some investment courses and learned how to invest by themselves.
This is Bull. If money is being spent it can be traced. Talking crap about it hard to see who is behind the wallet. Crypto can’t be spent from a wallet and have to be converted into cash via some type of an exchange
if people or companies do this they should be forced to give everything they owe back either by selling assets, jail or by doing community service to the equivalence of the sum owed. I know this is basically slave labour but it what other options are there when they can just declare bankruptcy and start again.
Canadian Law is a joke
You’re supposed to keep your own money in crypto. 3rd party risk defeats the purpose of real crypto. When will people learn ? Not your private keys not your money.
I remember when I just got into crypto back in 2019 but later in 2020 I ended up selling it because I was dumb and I didn't understand it. I studied and learned and now I know how it works. Got back into crypto early in 2023 with 10k and I’m up with 128k in a short period of time . I was able to build a business from my returns 💚
As a beginner what do I need to do? How can I invest, on which platform? If you know any please share.
Trading success always depends on applying the right trade signals to your trade
Crypto is a scam Everyone wants easy money.
It’s a scam when you think about crypto as easy money maker, while having no clue how it works (literally majority of people that got invested into crypto).
Nobody wants to work anymore.
It's the same thing with casinos and lotteries. Everybody wants to get rich overnight.
Threaten to put him behind bars for 20 years if the money is not returned, he will surrender the funds even before going to prison.
Awww Poor Rich People i really don't feel bad for them.
They need to start a GoFundMe page.
Well done the presenter is excellent. Even for the cbc
Excellent propaga...err...I mean "news" piece, CBC. I remember crypto scammers defrauding investors going all the way back to Bernie Madoff and Kenneth Lay so if we just ban crypto then there will definitely super-de-dooper be no more scams anymore! In fact if we push a government controlled cryptocurrency, let's call it a see bee dee see for example, then government bureaucrats can not only stop all the scamzers but also seize money from ANYONE without having to waste tax dollars on silly things like "due process" and "warrants". Not only that but they can then also put quotas on things like meat and sugar to stop all those evil carbon-emitters who don't eat their proper share of bug paste for the sake of their Goddess Gaia...err...I mean "mother earth" 😅
The funniest part is having 'private equity' in your company name when you trade crypto
He steals people's money and it's "civil' law? Jail him!
Lesson is: wonna become rich? Better path is being a fraudster! You'll never going to pay your victims in full and can easily hide the proceedings and jail time is often not the case.
BC is using the unexplained income laws, perhaps time for Ontario to step up as well. These laws are very effective in places such as Netherlands.
Nope. Gov should mind their on business and people should stop being children and grow up and use some sense
Giving money to any guaranteed thing is 100% scam. Foolishness of others shouldn't be the burden of the whole.society by giving government more power and control of our lives.
The kid is a con artist , he suckered in greedy people hoping to get rich quick . He got caught and some of his " investors " are not happy . TBH I have no sympathy for him or any of his debtors . It just underscores the old saying that if it sounds to good to be true , it probably isn't .
Sorry , I have no sympathy for those investors...
I do suspect that greed has created this situation. Greedy investors.
The investors were greedy expecting those types of returns. Does this make what the fraud did right? Of course not! But nobody wants to take accountability.
How people still invest in monopoly money is beyond me.
Greed and gullibility. Those two things will never be in short supply.
Because it’s Canada that’s why!
You would be jailed for taking a chocolate bar from a store.
PUT this fool in jail!
In the US fraud is considered a Criminal not civil case.
Life is hard for these multimillionaires :(
Who'd give a 20 year old kid millions? In crypto? Smart as rocks.
I like how all the investors chose to willingly give this child who got lucky their money and are now blaming the child for losing said money. Like this is 100% on the "investors" that did 0 research and threw money at a trend. They should not be compensated in any way, it was a bad investment and you lost, if it happened with anything other then crypto it would just be a loss
Partially true. That should be his argument, but the problem is he only invested 1%. If he had actually invested and lost the money, that argument would work.
I like how you didnt watch any of this video but commented anyway
@@Louis-ep8ob I did, but unlike you I have the ability to see through the CBCs blatant bullshit
@@CountryKyle007 doesn't matter, unless it's started clearly in writing he's done nothing wrong, again, the fault of the investors for not having a proper written agreement in place starting that he needed to invest all the money
40m between 150 people is 250k each, these are not regular poor people and still fell for it
They thought the kid was a financial genius.
Dude would make a perfect example for the show American Greed.... oh but this is Canada where claiming you're a crypto king and spending millions of your investors money is not rewarded with 30 years of hard prison time
So u mean when wall street purposely crashed the economy in 2008, and no one went to jail- that was American justice to u?
American Greed is a TV show. They only show u cases of justice as propaganda.
canada is part of america.. smart person
Not a king of anything, a theift of everything from everyone!
Ontario’s *‘Clepto King’* owes investors millions.
You keep saying it wrong……it’s klepto currency!
This crypto king is going to be in the crypt soon.
Why y'all blame the scammer? Why not the people who willingly gave this man money. Bro the investors were greedy
In most crimes that get committed, the victim was just as much to blame as the perpetrator.
I'm just surprised he's still alive. Those sucker investors will never get more than a few cents back on the dollar.
Those investors did not deserve to be ripped off, anymore than a gambling addict does. For him to be able to flaunt it in their faces is infuriating.
It’s not a matter of whether they deserve it or not. They took a big risk on a get rich quick scheme and lost it all. I can’t feel bad for them.
@@Clarkweber1815 That's victim blaming.
@@machevellian79 they're not victims, they were simply greedy, and got scammed. too bad so sad. moving right along...
@@techcafe0 Didnt watch the video eh? The little mouthpiece didnt even invest the money, that's fraud, try to pay attention.
@@machevellian79 I did watch the entire video. The 'crypto-investors' got greedy and they lost. boohoo. it's a civil matter, and the government has no reason to get involved. again, we should feel no sympathy for people who allow their greed to overrule common sense and good judgement.
When you trust a kid...your deserve to be ripped off
I don’t blame him ,people who invested in cristo are responsible for their loss, greedy is the rule of all evils, given your money to strangers to invest server you right don’t come crying ,every time something like this happen people don’t learn Christo is a big scam