Celsius CEO *ARRESTED* PONZI SCHEME!

wow I wanted to quickly address what's

going on with Celsius and the arrest of

the uh founder and CEO uh Alex and

mashkin Sky who's raised billions of

dollars for obviously Celsius and I

wanted to break down a little bit of

what's going on uh so we don't have all

the details of the lawsuit yet but we do

expect uh that one of the reasons for

the issuing of the lawsuit is that

Celsius alleged that their earned

program was basically just a higher

yield banking deposit feature and that

your deposits were safe but it turns out

the deposits that you made into the

Celsius crypto program were just used to

buy Celsius token and then that would

pump the value of a Celsius token and

ultimately lead to the opportunity to

pay these higher yields basically a

Ponzi scheme where money coming in is

helping pay for money that's going going

out and the only reason you actually

continue to have money coming and

payments to people is because more

people are depositing money but at some

time at some point in the free market a

Ponzi falls apart an apology is

generally reliant on people lying about

what's actually happening and this makes

me remember the days of interviewing the

CEOs of companies like Voyage or digital

or block five whom quite frankly if I

was the CEO of blockfire Voyager and I

had been one of those people which

obviously not well we'd be like oh my

gosh you might be next that I'd be like

trembling and be like oh my gosh we

might be nice because what happens is

when you have this unregulated type of

marketplace everybody has to compete

with everyone and obviously the company

offering the highest yields is probably

going to get most of the deposits so for

you to compete you also have to become a

Ponzi it's almost all of them were just

ponzis possibly with the exception of

coinbase coin this has its own problems

we'll see uh but this a Ponzi collapsing

through a bank run basically it would

deposit with all run is away the free

market solves ponzis the problem is it

comes with a lot of pain and many many

people losing a combined billions of

dollars the allegations include the fact

uh or I should say the allegation uh

that cell token was a fraudulent scheme

to essentially mislead investors or

depositors that Celsius did not make

uncollateralized loans or engage in

Risky activity like trading and the

interest paid on investors or two

investors represented eighty percent of

the company's Revenue all of those ended

up being false they weren't paying out

revenues they were paying out other

people's deposits they were engaging in

Risky trading and they were making loans

if you type in meet Kevin stablecoin

collapse coming the biggest warnings

that I made as early as January of 2021

it was very very early on the stable

coins the base warning that I made is

how how many loans are being made on

these stable coins this is going to

collapse I personally made the mistake

thinking the institutions would be okay

like the block by the Voyager or

whatever would be okay that they would

survive and that the stable coins would

collapse but it was the reverse it was

actually the brokerages that collapsed

and not the same coin so like everybody

was like totally blindsided by this uh

and it was only until the collapse

started some of these things became more

and more apparent uh and as a result

here now what do you have well the

unsustainable yields at Celsius leading

now to our lawsuits by not only uh the

SEC but the cftc Federal Trade

Commission I mean multiple different

lawsuits here the person's been arrested

for criminal fraud charges uh the the

earn programs were total scam and I mean

again in hindsight it's not a surprise

it seems too good to be true probably is

ready to go let's go then uh then it

probably is but boy oh boy how Wild that

this arrest in my opinion is probably

going to be the start of many and quite

frankly it's probably a good thing

because the more you get these criminals

charge like Sam bakeman freed or

otherwise the less likely this stuff is

to happen again in the future or so we

hope anyway I gotta take off so I'll see

you all the next one remember two weeks

to the expiring coupon code thanks so

much for your support we'll see you all

in the next one bye