0:00 second thing is Crash and we weren't millionaires anymore we're back to JK news right you know what I like that that's the base I've always been a Millionaire on paper how about that that's pretty cool that's pretty good always on paper and and celebrity net worth [Music] uh crypto King Steve Green who's the crypto King Steve greens somebody else has self-described himself as quote crypto King who's this Bob dude you know he's a 23 year old actually is it uh self-described Jim Cramer who reportedly he's the stock King just had his Lamborghini his BMWs and his McLaren seized after investors suited him claiming he stole 35 million DD
0:50 rockpool oh she might have rug pulled might have but you know did he Ponzi once I read through this I I think this is actually kind of a fair conversation it's a bit of a discussion I don't think it's as one-sided as uh maybe we're gonna make it outside I like open shunt cases don't make me think let's make it one-sided tell me who had a blame so I can blame them Eden plotarski pleaderski I don't know who calls himself crypto King real original had two million dollars of assets seized all right uh he reportedly was given 35 million dollars by a total of 105 40 investors now he's being sued by former investors in a bankruptcy proceeding and two civil lawsuits whoa I mean at 23 years old you're able to crowdfund that much that's a that's a talent in itself yeah this guy's good yeah he just used his power for evil that's it how do you do
1:41 it so PowerPoint again with with things like the crypto and the blockchain community at that time I think that there's a little bit of like needing to set the foundation of understanding everybody who's in that space uh plays by a different set of rules though you know what I mean the way that they see money is different it's like an average person maybe can turn like 100 into like a hundred thousand dollars and they're not looking at the hundred thousand dollars like a normal person who works for a hundred thousand dollars you know what I mean that makes sense yeah like all came from a thousand so maybe they still emotionally feel like it's like a thousand and they're willing to trade at a riskier level because they made it so quick right right so the way that people move money around I just think it's yeah you know the feeling look at it different you know what I mean yeah many of us were like millionaires on the blockchain for a short period of time but it didn't
2:31 really change the real world the second thing is Crash and we weren't millionaires anymore we're back to JK news right you know what I like that that's the basis I've always been a Millionaire on paper how about that that's pretty cool that's pretty good always on paper and and celebrity net worth well that's where Ryan's got us man Ryan I'm the crypto King he's just wild he's zany he's zany how do you think your evaluation got so high because it's real I don't know how that even happened that's why he doesn't ever need to work like he's like the least working person out of all of us we keep throwing him like responsibilities on JK news and he's like yeah I could do it and I'm like when you have time to do other stuff man I'm sitting on 19 million in unreported income and he has all this like ex like
3:21 money to throw because he's always buying us Donuts every morning as the boss of this company I feel like that's something I should be doing is getting catering for the crew but like you're coming here blowing guap on the Mochi don't know if I don't spend it then it goes to the man so you know yeah yeah it's taxed right off ████ the man but he ain't even getting the regular Cambodian Donuts dude they're Mochi Donuts that s███'s like premium that's high ticket items I want you guys to live the good life you know that's the good stuff so investors said that at least 35 million dollars was given to plutarsky's company AP private Equity limited and it went missing 29 creditors have a bankruptcy proceeding against poterski and say he owes them almost 13 million dollars including one 65 year old woman who told CBC Toronto she invested sixty thousand
4:11 dollars that she was keeping for her grandchildren's education that's remarkable how did you get a 60 year old to invest in crypto because like 60 year olds wouldn't they don't even know what ████ Bitcoin is this guy this guy started investing in crypto as a teenager um obviously he was able to like turn some ████ into some real ████ he got 140 plus people to give him 35 million dollars like that's why it's it's a little it really depends on which side of the sword you're kind of like sitting on uh in terms of Rights and wrong yeah because this happens all the time and people just take the L right yeah kind of because what's the grounds for what you're actually even a rug pull like like how do you even uh well I guess mainly a lot of rug pulls happened in the last ████ like 24 months but like what's the lawsuit realistically you
5:02 know what I'm saying in a in an unregulated space that is not controlled by the government or SEC these things are happening and then claims are being filled the filed that like x amount of money is being taken for whatever promise concept but you're really just giving a bunch of money to a 22 year old like what you know what I mean what's the investment strategy yeah you kind of know the risk once you're giving it to them what's the difference between this in any other business that people find crowdfunding for like were there promises made the differences are unregulated and and then also just the volatility of the crypto market right like uh when when like non-super heavy crypto people are in the bull market that ████ that facade of all all is great is there
5:53 you're just blanketed by this like never-ending possibility of of glory and riches yeah but then you're not if you haven't sat through a crash before you're just not ready for it no matter when no matter how many people are like there's always a crash there's always a winter something's gonna happen you're just not sitting there thinking about it every day especially if you're not dedicating your whole life to it even when you're dedicating a bunch of time you still might miss the crash like some of us did you know what I'm saying so it's like I guess my question is more like is this an Enron type of situation where he did some Ponzi ████ he did some ████ up illegal stuff or is it just like he was a kid with an idea and he was somehow it caught Wildfire people were throwing money at them and then like he couldn't he couldn't execute and the business just failed so from the uh I guess if if he's the defendant on this his lawyer is basically saying that the
6:45 claims against him by former investors are wildly exaggerated says quote shockingly it seems that nobody uh bothered to consider what would happen if the cryptocurrency market plummeted or whether Aiden as a very young man was qualified to handle these types so it's their fault for impulsively throwing money yeah yeah because they saw they wanted the riches right everyone getting rich off because that's like okay I get it if he was running a Ponzi if he was running something really ████ up then and if that makes sense because he did something illegal right but like let's say this kid's like yo check this out I got the next best thing it's gonna be ████ flaming hot Cheetos and you're like no way for real and he goes yeah but I haven't even made a product yet I haven't even but I got a great idea and then they're like I love the idea here's ████ five million dollars obviously this guy is gonna ████ it all up he's never ran a company or done anything in
7:35 his life and then you come back to him and say yo where's that play gaming hot hot that you're gonna make what will happen that's probably what happened but then the Lamborghini purchase though I'm just like should you be doing that on bottled money see that's the that is the harder part yeah what were their vehicles that got Lamborghinis BMWs what if it's his money what if he likes from prior crypto ████ that's fine I'm sure he had like uh some earlier like successes to be like hey look at I I did great maybe it was this well that is sure sure if that's uh what if that was his money but I think the second you're caught in both yeah then yeah you know it's like well that's the world you're playing in too right and he said he sounds like he just was like at least they're the prosecution's trying to say that he was madoffing you know like he was doing the Ponzi ████ where he's like oh invest money with me hey here's some
8:25 returns it went great but it was just some other guy's money yeah in a meeting with creditors potevski reportedly told them he was quote very unorganized and didn't keep records of his Investments like all crypto 23 year olds his trustee told creditors that platerski said he lost the money he had received between late 2021 and early 2022 in a series of margin calls and bad trades this is a familiar story to us um right now placersky doesn't have a criminal charge against him but is facing the bankruptcy proceeding and the two civil lawsuits but maybe it's because again we're sitting in a room where a bunch of us have made a lot of money and lost a lot of money in the same types of things it's kind of like this seems like the end of the road for people that are trying to like go against go after this guy for the money especially if he doesn't have it yeah or
9:15 if he actually did lose it which I get why they're pulling his ████ expensive cars but if you go deeper and he doesn't have the money he doesn't have the money got it like y'all lost the money too you know what I mean it's kind of how it is it does blow my mind though how many people get into this space whether it's stocks or real estate just investing in general and um they act like risks and losses aren't a part of the game so like in crypto you hear people like always you know giving out like info advice maybe and then like some people choose to take it and then it doesn't go as planned or whatever and then they blame the person that gave them the info that's why I'm like don't ████ do it dude but there are people that want to help others and they ████ do it and then they get burned for it and I'm like that's why maybe you
10:06 shouldn't help people who aren't investors [Music] people that don't invest like their mentality for it it's it is you could logically tell them and they'll be like yeah I know it's risky but they don't think it's gonna happen to them yeah because they know the answers and they they're like it's not gonna happen to me because like I I know more than everybody else yeah yeah and then but they can't emotionally handle it when it does happen yeah so I was like I don't know man I every single time people like how do you do this how do you do that I'm all like I don't know I'm stupid but I'll take I'll take the advice and I'll ████ do it but I'll never blame the person that helped me even if they help me lose a lot but the fact that you got 140 different investors to give Matt some money he's pretty he's pretty legit he's clearly good at what he does it's just 20 yeah he just got caught doing it I
10:56 wonder what the pitch is how do you say it how do you say it do you want to make full-time money on a part-time business come with me I'll show you how to make a home-based business it's so planned I want to make full time are you tired of having a full-time nine-to-five job are you well are you this guy's pressuring me man take my money how about you become your own boss oh I never thought aren't you tired for working for someone else making them Rich well guess what be like me I'm 22 years old and I already had a million dollars by the time I was 20. honestly that's that's a big draw like it's just that's why he's buying all that ████ like you will invest money with someone that's got a lot of money of course yeah that's like you don't gotta say anything with this ████ Honda CRV right with little Taiwanese
11:47 Flags it's like real it's like Realtors you know like Realtors when they rent like a nice car so that when they meet you at the property they don't look like a ████ bum dude that is the funniest thing to me because I'm like so so I'm like dude you're irresponsible with money you I know how much you probably make and you're spending way too much to look rich but that's because once you get it you get it right but then maybe like if you're not a Fiverr you don't really get it so it's kind of like people who think um when you when you're part of a p pyramid scam you actually are part of a business because they dress like in suits and ████ they don't know right like you've been working at a ████ restaurant all your life how would you know that this is an absolute con like you know especially if you're young and then I think it's the same thing with the whole like agent stuff right you want to work with a successful agent
12:37 I just want someone that looks clean and knows what the ████ they're talking about I think that's the that's the key but you got to know to know if they're if they if they're talking about the right shoes you gotta know about the sign exactly exactly I also will I will judge a man by his suit well what if what it's like is that a Burlington Coat Factory suit and a big five shoes like it's like that Meme that Meme that shows that suit that's like hella big for the guy and it goes if you're a public defender looks like this you're going to jail if it's not enough you know what I I judge more on the fifth if they know how to ████ have a right get it tailored yeah tailored why if it's clean what if he's like like that guy but then he's like really good tell me he just spends a lot of time in his work then chances are he's not
13:27 though his chances are tells me he's he's scattered he's all over the place oh I see because like yeah like it doesn't really matter about those things right because what's what what's important is is this person clean good hygiene um do they know what they're talking about is their car well kept right so like some people are like Bill Gates where they'll have a Camry and they don't give a ████ about anything else they have no fashion sense but they're really good at what they do yeah the anomalies are different right no there's somebody that's like that don't look like they could do it but they're like the number one in the world it's like okay that exception I'm totally but in general that's why it's like chances yeah chances are though like yeah it's hard to go on the literally the point zero zero zero zero one percent and base everyone else on that but if you go generally yeah if their suit sucks they probably suck at their job
14:17 especially if they sell suits if they come to a job interview 15 minutes late with one one shoe on and a ████ stain on their shirt I trust that guy hey breakfast yeah responsible yeah something to eat he feeds himself [Music]
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