Youtube comments of Coffeezilla (@Coffeezilla).
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Here's their full response, with my questions in-line.
[Question]
Hi Jordan,
My name is Coffeezilla, I'm an investigative journalist looking into the ponzi scheme Traders
Domain, and the link within OmegaPro.
I noticed you had a balance of $325,915.20 with Traders Domain on 09/20/22 via your
company FUTURE GEN LLC, and also participated as a paid spokesman of some kind
for OmegaPro, both massive, interconnected Ponzi Schemes.
[Answer]
Mr. Belfort is not, nor has ever been, a paid spokesman of Omega Pro (he actually
declined their offer). OmegaPro hired Mr. Belfort to speak at two of their events
about sales and entrepreneurship. These were two of over 150 events that Mr.
Belfort spoke at that year, and he has never had any affiliation with the company
and only vaguely knows what they do. In fact, during his speech with OmegaPro he
specifically stated that he was not there to speak about their particular business or
making investments, as he was unfamiliar with what they do.
As far Traders Domain goes, Mr. Belfort has no knowledge of TradersDomain (or any
link they may have with OmegaPro) other than that a very close friend of his said
that he was making a lot of money with a managed account, and he convinced Mr
Belfort to give this money manager a shot. So Mr. Belfort made a small speculative
investment there of approximately $200,000. To do that, he was advised that he
needed to open an account on a platform named Traders Domain, which his
bookkeeper subsequently did. (Before that, Mr. Belfort had never heard of the
platform.) After a few months of seeing profits, Mr Belfort felt that it was too good
to be true and requested his money back. That’s when the problems started. It took
many months and constant legal threats to get back his original investment, which
he eventually got back with a small profit. (Most of the profits ended up getting
siphoned through with fees and commissions.) He then closed his account and that
was that. He would be willing to discuss “off the record” more of what he suspects
is happening there, as some of his friends that were convinced to open up an
account there by the same person never got their money back. And just to be clear,
despite this “managed account” offering Mr Belfort a 10% override on any money
he could bring in, he never recommended it to any other person ―— because from
the very beginning, he always considered it a speculative investment and had done
no due diligence. Rather, he made the investment based on the word of a friend.
[Question]
You claimed in a speech to OmegaPro investors that "There's only one way to get rich in
this world, and that is quickly. You gotta get rich quick."
[Answer]
The above quote you provided is wildly misleading, as it is only the first half of the
quote. The full quote from the transcript is below and Mr Belfort stands by it to this
very day:
“I’ve been saying this publicly for a long long time: that there’s only one way to get rich in this
world and that is quickly. You gotta get rich quick, OK? And the reason for that is because we
live in a world that’s far too expensive to get rich slowly. You just can’t get rich slowly over time,
between inflation and currency devaluations and all the hard work by the time you get rich it’s
too fucking late...But I'm not talking about a get rich quick scheme
That’s not what I mean. So i'm not advising you to go out and find some get rich quick scheme,
which is not a legitimate business. I'm not telling you to go find something wacky and think you
can put a dollar in it and make a billion dollars...
That's not what i mean
What I’m saying is is that what typically happens in life is that you work really really hard
and you don't get the result you want, and then you keep working really really hard and you still
don’t get the result you want, and then you keep even working harder still and you still don’t get
the result.... but then suddenly all at once after a lot of really hard work...
Bam!. the money starts pouring in in avalanches of abundance. That’s what I’m talking about
here..”
[Question]
Given that you've previously pleaded guilty to fraud in relation to pitching different
"get-rich-quick schemes", penny stocks; what are we to make of your involvement in a new
ponzi scheme, and promotion of risky investments like this?
[Question]
How do you think this reflects on claims that you've "changed" since your wolf-of-wall-st days?
I'm contacting you to give you a chance to respond prior to publication about your
statements and involvement with OmegaPro, and Traders Domain. Please respond
within 24 hours.
--
Thanks,
Coffeezilla
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other details from the lawsuit:
1. The tenants (Mr. Lok, Mrs. Lok, Desmond Soon) vacated the rental property on or about Dec. 31, 2019, leaving the home in a “state of disrepair,” according to the petition.
2. On Jan. 1, 2020, the tenants failed to pay rent to the landlord pursuant to the fixed-term lease, says the petition.
3. tenants found that there were “numerous” deficiencies including problems with the heating, plumbing and electrical components and that “certain issues create a health risk and render the house unfit for habitation.”
4. The landlord responded by getting a home inspection of his own... “Notably, our report outlines that there are absolutely no deficiencies that would render the rental property ‘unfit for habitation’ as you had suggested in your earlier emails. As such, I would suggest your clients to think twice if they wish to end their tenancy on such false pretences.”
Dan says it was “false” of Murray to claim that he is owed rent, noting that he had ended the lease in December.
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please subscribe so I can repay my broker thx.
Lyrics:
(Hey)
You took my money away
You said that it was safe but I'm rugged and I don't feel okay
I trusted you, you said that it was alright
But now I'm broke, and my wallet's real light
Pancakeswap sushiswap uniswap, I ain't got no eth
I got greedy now my friend's make fun of me
Those altcoins I thought were clean, are now dirty
They promise you the moon but I burned up in re-entry
(Oh Hey)
You took my money away
You said that it was safe but I'm rugged and I don't feel okay
I trusted you, you said that it was alright
But now I'm broke, and my wallet's real light
Telegram, discord, twitter communities
Devs have been gone for three years but the boys they ain't sellin
buy the dip
buy the dip
buy the dip
buy the dip
I bought the dip
I bought the dip
I bought the dip
Wait--no-----It was the top
(Oh Hey)
You took my money away
You said that it was safe but I'm rugged and I don't feel okay
I trusted you, you said that it was alright
But now I'm broke, and my wallet's real light
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Want to address this so I'm pinning it. I know multiple brokerages had restrictions, not just robinhood and I know about the reason "why" these brokerages did what they did. So why am I so focused on Robinhood still?
1. Transparency: If you look at the other interviews, (example webull) the CEO came out and stated clearly what happened. Vlad stumbled across his reasons in multiple interviews eventually triangulating on the same answer webull's ceo gave. My point is not that something nefarious DID happen, that you can not trust Vlad to let you know what is going on, and in critical outages like $GME it's clear that transparency is needed. Vlad is time and time again showing himself 'slippery' with facts like his own company's liquidity and his actions seem at odds with his stated mission. Which brings us to point2.
2. Mission hypocrisy: According to him Robinhood's mission is to: "democratize finance for all. We believe that everyone should have access to the financial markets, so we've built Robinhood from the ground up to make investing friendly, approachable, and understandable for newcomers and experts alike."
At first, this seemed true. At first they said monetary strategy was Robinhood gold and interest.
But the SEC case, we find out that actually, Robinhood had omitted the most important way it made money and hid the ways that it did not always benefit the consumer.
For me those two things really rub me the wrong way against Robinhood and I personally wouldn't want to do business with them.
And YES: maybe I'm a tinge biased towards WSB, but I try to be openminded, so thanks for the criticism.
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UPDATE: Matt Tran removed the doxxing articles and apologized today. Techlead also responded but just complained that he had been “dragged into this”.
I think Matt Tran held more culpability here, since he obviously pulled the trigger, but Techlead gave him the gun, and of the two of them, Techlead had the worst response. Techlead never addresses his own blackmail of Tren Black, he never addresses him doxxing Tren Black to Matt Tran, (which is confirmed by Matt Tran), and in general seems to think he’s above criticism. He also ends his video by saying that if you use any footage of him, he’ll simply falsely DMCA your video until you give him your information and the 14 day counter notification window expires, which is just a blatant abuse of the copyright system. Ridiculous.
Doxxing, blackmailing and threats have no place on this platform and Youtube needs to set a precedent here. They also need to fix their BROKEN system.
I demonetized this video and the last one because I don't want to profit from this "drama" (disgusting situation).
Please limit all your anger/frustration to this comment section, do not go harass anybody involved please.🙏
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Small little disclaimer guys before you subscribe: nothing in this video can possibly be construed as prison advice or otherwise. Coffeezilla LLC makes no guarantees and literally cannot be held liable if you go to prison because you did not enact these steps.
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Our website has been prepared for informational purposes only and is not intended to be used as a complete source of information on any particular company. Our live streams are provided on a best effort basis, they are operated during market hours and may occasionally be unavailable for various reasons. An individual should never invest in the securities of any of the companies’ mentioned based solely on information contained on our website. Individuals should assume that all information provided regarding companies is not trustworthy unless verified by their own independent research.
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To the fullest extent of the law, we will not be liable to any person or entity for the quality, accuracy, completeness, reliability, or timeliness of the information provided in the report, or for any direct, indirect, consequential, incidental, special or punitive damages that may arise out of the use of information we provide to any person or entity (including, but not limited to, lost profits, loss of opportunities, trading losses, and damages that may result from any inaccuracy or incompleteness of this information). Every trade you make is your own trade and you are fully responsible for any gain or loss you shall incur. Coffeezilla, nor any moderators are held liable for any losses you shall have at any time you are with our service or after. If you do not agree with this then do not sign up and leave immediately.
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tl;dr: I haven't quit, I've just shifted focus, which results in less uploads on Coffee Break.
Full answer, the slower upload schedule and inconsistent viewership was difficult to make work and I felt bad asking for money on Patreon. The truth is: Youtube makes it brutal to be an educational creator. They want sensationalism, snappy explanations and "trendy topics". See the kind of educational stuff that does work: Mark Rober (not knocking the guy, just the reality).
They also punish long research cycles and slower upload schedules, which you need if you want to make the kind of content I was interested in. I was spending 1 month+ on every single video, and each video I'd want to do more research into increasingly esoteric topics. It's not sustainable on a freemium/ad site like Youtube. So I've shifted focus to something I enjoy equally, talking about scammers, which is doable on a much faster production cycle. I still will make videos on Coffee Break, I haven't quit, but I just can't rely on it.
This isn't to say that no one can make Educational Youtube work, some people like 3blue1brown are doing what I consider to be high quality educational videos, and not necessarily doing "trendy" videos, but Youtube just makes it unbelievably difficult. Hope that makes sense. :)
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Your right, the market is the great equalizer, but OVER TIME. So rather than some cherrypicked wins, tell me your RaR after 10 years.
It's not a "stereotype", it's statistics that most retail traders lose money.
Also, I said day-trading successfully without any relevant background is extraordinarily unlikely. The fact that you poo-poo finance backgrounds, experts, mathematicians and CS PhD's who are working their whole lives to gain an edge in the market, is embarrassingly telling. My point is, if you think you're going to day-trade successfully as a high school dropout or college dropout, the odds are stacked ridiculously against you.
It's like someone who's 5'11" becoming an NBA player having never even played college ball.
It's not that it can't happen, it's that it probably won't.
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