1 00:00:02,000 --> 00:00:07,000 Downloaded from YTS.MX 2 00:00:06,840 --> 00:00:08,967 -[man 1] This is full-service. -[man 2] Always the best. 3 00:00:08,000 --> 00:00:13,000 Official YIFY movies site: YTS.MX 4 00:00:09,551 --> 00:00:11,177 [tense music playing] 5 00:00:15,807 --> 00:00:18,435 [interviewer] In the eyes of society, you're looked at as a criminal. 6 00:00:18,518 --> 00:00:19,853 What are your thoughts about that? 7 00:00:19,936 --> 00:00:22,605 I don't mind being looked at as a criminal, really. 8 00:00:23,606 --> 00:00:26,026 It's tough. I mean, I just was doing crimes my whole life. 9 00:00:26,901 --> 00:00:28,153 Scamming and shit like that. 10 00:00:28,236 --> 00:00:30,363 -[man 1] A scammer, huh? -[man 2] Yeah, a scammer. 11 00:00:30,447 --> 00:00:31,865 I just think things have changed. 12 00:00:31,948 --> 00:00:34,784 You know, it's not that easy to just work hard and buy a house. 13 00:00:34,868 --> 00:00:37,829 Nowadays, you gotta figure out some sorta of way to finesse the system. 14 00:00:37,912 --> 00:00:39,789 That's the modern-day American Dream. 15 00:00:41,875 --> 00:00:43,877 [interviewer] How much did you make in total? 16 00:00:44,419 --> 00:00:46,546 Uh, on paper, 32 million. 17 00:00:46,629 --> 00:00:48,965 But, like, in reality, we made like a few hundred million. 18 00:00:50,050 --> 00:00:52,761 -[interviewer] Well, that's good. [laughs] -Yeah. Trapanis. 19 00:00:53,428 --> 00:00:54,971 [interviewer] Would you do it again? 20 00:00:55,055 --> 00:00:59,642 Uh… I always go back to this point of, if I knew it 100% that I was gonna make 21 00:00:59,726 --> 00:01:02,604 $30 million doing something illegal, would I do it? Would I not? 22 00:01:06,608 --> 00:01:08,902 I would lean on that I would take the risk. 23 00:01:10,653 --> 00:01:14,491 [tense music ends] 24 00:01:22,123 --> 00:01:23,083 [upbeat music playing] 25 00:01:23,166 --> 00:01:26,878 [man] I was at the New York Times covering the cryptocurrency universe. 26 00:01:27,629 --> 00:01:31,883 I was the only person at the paper who took it seriously. 27 00:01:34,511 --> 00:01:38,098 Most of the editors at the paper continued to view this as a joke. 28 00:01:38,181 --> 00:01:40,683 It was sort of my job to say, 29 00:01:40,767 --> 00:01:44,521 "You know, there's something real going on here that is worth covering." 30 00:01:44,604 --> 00:01:49,109 The people who cared about Bitcoin really cared about Bitcoin. 31 00:01:49,192 --> 00:01:52,779 I trust the Bitcoin. I believe in the Bitcoin. I worship the Bitcoin. 32 00:01:52,862 --> 00:01:56,574 [Popper] I actually started to get captivated by this thing. 33 00:01:57,283 --> 00:01:59,244 This was like digital gold. 34 00:01:59,327 --> 00:02:02,080 [man] Your boy is officially a Bitcoin millionaire. 35 00:02:02,163 --> 00:02:04,332 You guys have no idea how much this means to me. 36 00:02:04,958 --> 00:02:07,043 [Popper] It tapped into something in people. 37 00:02:07,127 --> 00:02:11,214 Sixty-four thousand dollars in a couple of days doing zero work. 38 00:02:12,590 --> 00:02:15,426 [Popper] And then, in the middle of 2017, 39 00:02:15,510 --> 00:02:19,180 you had the rise of the initial coin offering. 40 00:02:20,014 --> 00:02:22,308 Every day there was a new project 41 00:02:22,392 --> 00:02:25,645 that overnight raised tens of millions of dollars. 42 00:02:25,728 --> 00:02:27,981 It became this, like, total phenomenon. 43 00:02:28,064 --> 00:02:33,611 Every day I see three or four new offerings of Bitcoin number three. 44 00:02:33,695 --> 00:02:35,989 "This'll be better than Bitcoin. You'll get rich overnight." 45 00:02:36,072 --> 00:02:37,365 Crypto-mania rages on. 46 00:02:37,448 --> 00:02:39,659 The future of the financial system. 47 00:02:39,742 --> 00:02:41,703 [reporter 1] He became a millionaire at 24. 48 00:02:41,786 --> 00:02:43,621 [reporter 2] ICOs are gonna change the world. 49 00:02:43,705 --> 00:02:45,748 -We will write history. -[audience cheers] 50 00:02:45,832 --> 00:02:48,293 [Popper] I mean, it was an economic frenzy 51 00:02:48,376 --> 00:02:52,547 that really had not been seen before cryptocurrencies. 52 00:02:52,630 --> 00:02:55,508 There may not be anything there. Companies weren't really incented 53 00:02:55,592 --> 00:02:58,011 to actually do anything with the money besides spending the money. 54 00:02:58,094 --> 00:03:02,056 [Popper] ICOs allowed anybody to start selling 55 00:03:02,140 --> 00:03:05,852 and marketing financial products without a bank account. 56 00:03:06,436 --> 00:03:09,230 There was just scams and frauds everywhere. 57 00:03:09,814 --> 00:03:12,066 Anybody could create an ICO, 58 00:03:12,650 --> 00:03:14,068 and anybody did do it. [chuckles] 59 00:03:14,152 --> 00:03:17,030 [mellow music playing] 60 00:03:19,282 --> 00:03:24,537 Centra was the archetype of what was wrong with cryptocurrency. 61 00:03:25,622 --> 00:03:28,333 Crypto was just this new, unfound territory. 62 00:03:28,416 --> 00:03:30,418 Completely unregulated by the SEC. 63 00:03:30,501 --> 00:03:32,962 And anytime you find a market like that, 64 00:03:33,046 --> 00:03:35,215 you just have to figure out how to exploit that market. 65 00:03:35,298 --> 00:03:37,300 [pensive music playing] 66 00:03:38,092 --> 00:03:40,178 We didn't know anything about this fucking business. 67 00:03:40,845 --> 00:03:43,681 But it didn't matter at all. It was too easy. 68 00:03:44,224 --> 00:03:45,767 We lied, we cheated, 69 00:03:46,309 --> 00:03:48,019 and made millions of dollars. 70 00:03:48,645 --> 00:03:50,939 And now I'm facing over 100 years. 71 00:03:54,609 --> 00:03:56,027 [music fades] 72 00:03:56,110 --> 00:03:59,530 Ever since I was a kid, I've always wanted to be a criminal. 73 00:03:59,614 --> 00:04:03,243 I was never like, "I'm gonna be a doctor," or, "I'm gonna be a scientist." 74 00:04:03,326 --> 00:04:06,996 If I could have put it in my yearbook, I would have put, "I wanna be a criminal." 75 00:04:07,080 --> 00:04:07,914 [chuckles] You know. 76 00:04:07,997 --> 00:04:09,749 [pensive music playing] 77 00:04:09,832 --> 00:04:10,833 That explains it. 78 00:04:15,630 --> 00:04:18,591 My mom was a single mom of three boys. 79 00:04:19,550 --> 00:04:22,262 I wish my dad was around. He just wasn't. 80 00:04:22,345 --> 00:04:25,265 He was a complete fucking loser, and, you know, that's that. 81 00:04:29,644 --> 00:04:31,396 [man] Ray's always tried really hard. 82 00:04:31,896 --> 00:04:33,564 He was trying to be someone from the street, 83 00:04:33,648 --> 00:04:35,358 and he's not someone from the street. 84 00:04:35,858 --> 00:04:37,151 He's from Atlantic Beach. 85 00:04:37,652 --> 00:04:39,070 Where beaches are. 86 00:04:39,153 --> 00:04:40,613 [seagulls cawing] 87 00:04:40,697 --> 00:04:42,282 [intriguing music playing] 88 00:04:42,365 --> 00:04:46,202 At the time, that area was so flooded with oxy 89 00:04:46,286 --> 00:04:49,205 we were already full-blown drug addicts, for sure. 90 00:04:49,914 --> 00:04:51,582 I loved the kid at the time. 91 00:04:51,666 --> 00:04:54,210 Ray was, like, one of the first best friends I had. 92 00:04:57,130 --> 00:04:59,048 We started, you know, filling scrips. 93 00:04:59,132 --> 00:05:00,883 [pills rattling] 94 00:05:00,967 --> 00:05:03,636 We met some kid who stole a prescription pad. 95 00:05:04,304 --> 00:05:06,556 That prescription pad got stolen from him. 96 00:05:06,639 --> 00:05:08,766 [Ray] We write out 120 oxys, 97 00:05:08,850 --> 00:05:10,643 took that prescription and went to a Walgreens. 98 00:05:10,727 --> 00:05:12,061 [intriguing music continues] 99 00:05:13,479 --> 00:05:14,731 They filled it. 100 00:05:16,607 --> 00:05:19,027 It's always a cool feeling when you hit that first mark. 101 00:05:19,110 --> 00:05:20,194 Fucking all amped up. 102 00:05:20,278 --> 00:05:23,990 You have the whole prescription pad, knowing this is an unlimited money glitch. 103 00:05:25,450 --> 00:05:27,910 My freezer was just thousands of pills. 104 00:05:27,994 --> 00:05:29,787 [interviewer] How much were you making? 105 00:05:30,204 --> 00:05:33,333 We were making like 5000 a day, you know, on a good day. 106 00:05:33,416 --> 00:05:35,668 [interviewer] At this age you're making that kind of money. 107 00:05:35,752 --> 00:05:36,919 What're you spending money on? 108 00:05:37,003 --> 00:05:37,837 [inhales] 109 00:05:38,421 --> 00:05:40,131 More drugs. [laughs] 110 00:05:43,051 --> 00:05:44,302 Just having fun. 111 00:05:49,474 --> 00:05:50,475 And then… 112 00:05:51,225 --> 00:05:53,353 [sirens wailing] 113 00:05:53,436 --> 00:05:54,562 Ray got in trouble. 114 00:05:55,271 --> 00:05:58,316 He got pulled over, and they found the bottle that said, 115 00:05:58,399 --> 00:06:00,651 you know, a name on it that was probably not his name. 116 00:06:01,235 --> 00:06:03,529 They asked him where he got it, and he ratted on me 117 00:06:03,613 --> 00:06:05,573 and… and everyone else that filled out scrips. 118 00:06:05,656 --> 00:06:07,116 -[interviewer] Really? -Yeah. 119 00:06:07,200 --> 00:06:10,203 -[interviewer] Did you get in trouble? -Yeah. I mean, I did. 120 00:06:10,870 --> 00:06:13,456 I was going back and forth to court for like two years. 121 00:06:13,539 --> 00:06:15,291 [interviewer] What did Ray get? 122 00:06:15,375 --> 00:06:16,501 Uh, nothing. 123 00:06:18,503 --> 00:06:19,587 -Why? -[chuckles] When-- 124 00:06:19,670 --> 00:06:22,840 When you talk to the police, you're, you know, you're good. 125 00:06:23,633 --> 00:06:25,802 [solemn music playing] 126 00:06:25,885 --> 00:06:29,889 So it surprises me that he has a tattoo of "loyalty" on his ribs, 127 00:06:29,972 --> 00:06:32,558 and he's never been loyal to not one of his friends. 128 00:06:33,601 --> 00:06:36,479 It's disappointing that he turned out to be the way he is. 129 00:06:39,899 --> 00:06:41,984 Ray's a piece of shit, you know? 130 00:06:42,068 --> 00:06:44,278 -[synthwave music playing] -[car engine revving] 131 00:06:50,451 --> 00:06:54,997 Sex, drugs, money. Anything that releases endorphins, I am instantly, fucking, 132 00:06:55,081 --> 00:06:57,875 I go, "I'll drop everything for this right now." [laughs] 133 00:06:57,959 --> 00:06:59,168 [music continues] 134 00:07:01,796 --> 00:07:05,007 I have a good brain for, you know, making money at whatever it is. 135 00:07:05,091 --> 00:07:07,927 So when Bert reached out to me with a legitimate business idea, 136 00:07:08,010 --> 00:07:08,845 I was game. 137 00:07:08,928 --> 00:07:11,013 [car engine revving] 138 00:07:11,097 --> 00:07:13,266 [man] I've known Ray since third grade. 139 00:07:14,225 --> 00:07:17,603 He's always been fascinated with money. He's obsessed with it. 140 00:07:17,687 --> 00:07:19,689 That's his one true love. 141 00:07:20,189 --> 00:07:21,023 That's Ray. 142 00:07:23,317 --> 00:07:26,112 [Ray] Bert was always in the car business, so he knew the market. 143 00:07:26,195 --> 00:07:29,949 And we came up with Miami Exotics, which is a car rental business. 144 00:07:30,032 --> 00:07:31,325 Luxury cars. 145 00:07:32,743 --> 00:07:34,287 Rolls Royce, Lamborghinis. 146 00:07:34,370 --> 00:07:35,788 [synthwave music ends] 147 00:07:35,872 --> 00:07:38,291 [car engine revving] 148 00:07:38,791 --> 00:07:42,086 This was my transition into having a legitimate company. 149 00:07:43,004 --> 00:07:45,882 I've done a lot of fraudulent scams and all this type of shit, 150 00:07:45,965 --> 00:07:48,050 but I don't really know business yet. 151 00:07:51,596 --> 00:07:54,307 But Bert knew the perfect guy, and, you know, I knew him also. 152 00:07:54,390 --> 00:07:55,892 So we brought in Sorbee. 153 00:07:55,975 --> 00:07:59,020 -[car engine revving] -[upbeat music playing] 154 00:07:59,103 --> 00:08:01,731 [upbeat music playing] 155 00:08:01,814 --> 00:08:05,109 And Sorbee was a kid from high school that I fucking hated. [chuckles] 156 00:08:09,071 --> 00:08:10,865 He was always the smart kid, 157 00:08:10,948 --> 00:08:13,743 but he was never a kid that I trusted or liked. 158 00:08:14,327 --> 00:08:18,289 [Bert] Ray and Sorbee were never friends. They always disliked each other. 159 00:08:20,791 --> 00:08:23,961 He just had this weaselly way where he thought he was super cool. 160 00:08:24,045 --> 00:08:27,131 Like, kind of wanted to be ghetto but sounded super nerdy. 161 00:08:27,215 --> 00:08:30,635 He was known for being a scammer or, like, ripping people off. 162 00:08:30,718 --> 00:08:33,763 I don't know, he just wasn't my type of people. He does add value. 163 00:08:33,846 --> 00:08:37,016 Me and Bert are very good at, like, relationships and being able to just be, 164 00:08:37,099 --> 00:08:39,810 like, the charismatic people that can make the money. 165 00:08:40,353 --> 00:08:43,814 And so, like, having Sorbee there is very beneficial. 166 00:08:43,898 --> 00:08:46,400 You can just keep him in a room working all day. 167 00:08:46,484 --> 00:08:48,945 It's not like everybody's just good at the same shit. 168 00:08:49,028 --> 00:08:50,488 [upbeat music ends] 169 00:08:50,571 --> 00:08:53,241 [interviewer] How much money did you need to raise to start this? 170 00:08:53,324 --> 00:08:55,493 Uh, roughly half a million dollars. 171 00:08:56,619 --> 00:08:59,497 You know, Ray called me and he said, you know, "We just need financing." 172 00:08:59,580 --> 00:09:00,706 [happy music playing] 173 00:09:00,790 --> 00:09:03,334 So he went to my parents. 174 00:09:04,043 --> 00:09:06,462 He's been saying he's gonna be rich since he could talk. 175 00:09:07,380 --> 00:09:09,632 Probably comes from my father. 176 00:09:10,424 --> 00:09:14,637 My dad was a very good man, and he always took care of my family. 177 00:09:16,639 --> 00:09:19,600 [Ray] Growing up, my grandfather was my only father figure that I had. 178 00:09:19,684 --> 00:09:20,685 We all called him Pop. 179 00:09:21,978 --> 00:09:23,896 My grandfather was, all in all, a great guy. 180 00:09:24,897 --> 00:09:27,567 Doing criminal shit doesn't mean you're a bad person. 181 00:09:27,650 --> 00:09:28,985 I always looked at my grandfather 182 00:09:29,068 --> 00:09:31,320 like he was the biggest mob boss there ever was. 183 00:09:31,404 --> 00:09:34,323 He was able to support my family financially. 184 00:09:35,533 --> 00:09:37,868 I was like, "You know, I'm gonna be a criminal 185 00:09:37,952 --> 00:09:40,037 and support my family financially also." 186 00:09:40,121 --> 00:09:44,250 I don't know if he saw, like, you know, suitcases of cash like I did. 187 00:09:44,834 --> 00:09:47,003 -[interviewer] You saw suitcases of cash? -Yeah. 188 00:09:47,503 --> 00:09:49,880 What are you trying to say? He's in the mafia? 189 00:09:49,964 --> 00:09:53,342 No, I'm more in the mafia than he was. [laughs] 190 00:09:54,218 --> 00:09:55,678 [Pat laughing] 191 00:09:55,761 --> 00:09:58,431 Bill did something to do with the elevator business. 192 00:09:58,514 --> 00:09:59,765 [elevator dings] 193 00:10:01,475 --> 00:10:04,520 We went down to Florida to visit him, me and Bill. 194 00:10:05,021 --> 00:10:06,606 Met his partners. 195 00:10:07,148 --> 00:10:09,150 [gentle music playing] 196 00:10:11,152 --> 00:10:13,696 He saw me happy, which was, like, the big thing for him. 197 00:10:14,280 --> 00:10:15,823 They just believed in me and were like, 198 00:10:15,906 --> 00:10:19,201 "Here's an opportunity. Make it whatever you think you're gonna make it." 199 00:10:19,285 --> 00:10:22,913 Bill would do anything for Ray, and so he was the father figure. 200 00:10:23,539 --> 00:10:26,459 My grandfather signed, you know, a quarter million-dollar loan 201 00:10:26,542 --> 00:10:28,669 against his house, a home equity line of credit, 202 00:10:28,753 --> 00:10:31,130 to give me some sort of opportunity of having this business. 203 00:10:33,382 --> 00:10:35,885 We took that opportunity and tried to go fully legit. 204 00:10:39,930 --> 00:10:41,932 ["Going Off" by P-Lo playing] 205 00:10:42,683 --> 00:10:45,061 ♪ P-P-P-Lo, time to bring the bass back ♪ 206 00:10:46,270 --> 00:10:47,897 ♪ Ayy, ouu-woo-woo-woo… ♪ 207 00:10:47,980 --> 00:10:51,776 [Ray] The business was generating probably about 60,000 a month profit. 208 00:10:51,859 --> 00:10:55,321 We were renting cars to Rick Ross, everybody under the sun. 209 00:10:56,322 --> 00:10:59,700 I would go home, fill up my closets, have my beautiful apartment 210 00:10:59,784 --> 00:11:02,828 with all my shoes and all my nice shit that I'm buying. 211 00:11:02,912 --> 00:11:04,997 It's the unlimited money glitch once again. 212 00:11:05,081 --> 00:11:05,998 ♪ I'm going off ♪ 213 00:11:08,334 --> 00:11:09,669 ♪ Three, two, one ♪ 214 00:11:09,752 --> 00:11:10,753 ♪ I'm going off ♪ 215 00:11:11,295 --> 00:11:14,340 And I was proud of him, you know, that he was, you know, doing well. 216 00:11:14,423 --> 00:11:15,466 ♪ I'm going off ♪ 217 00:11:15,549 --> 00:11:17,968 This is great, you know. We can breathe. 218 00:11:18,052 --> 00:11:19,929 [Ray] And I was just enjoying life. 219 00:11:20,012 --> 00:11:21,931 Driving any car we wanted. 220 00:11:22,807 --> 00:11:24,016 There was a good minute there, 221 00:11:24,100 --> 00:11:26,769 everything was pretty… pretty fun and enjoyable. 222 00:11:26,852 --> 00:11:28,270 [car alarm beeps] 223 00:11:28,354 --> 00:11:29,480 [car engine revving] 224 00:11:30,272 --> 00:11:33,067 The issue was that the spending was out of hand. 225 00:11:33,150 --> 00:11:35,152 [brooding music playing] 226 00:11:37,697 --> 00:11:42,034 If the company is generating a profit of 60,000, between the three of us, 227 00:11:42,118 --> 00:11:44,620 somehow we were spending more than that every month. 228 00:11:46,080 --> 00:11:49,750 I ended up getting more loans for roughly a half a million dollars. 229 00:11:49,834 --> 00:11:54,171 Just about everybody in my family, my aunts, my mom, her husband, my grandma, 230 00:11:54,255 --> 00:11:57,842 co-signed some sort of car loan or credit card loan. 231 00:11:57,925 --> 00:11:59,677 I saw Sorbee on Instagram. 232 00:11:59,760 --> 00:12:02,555 He posted a big vacation that he had in the Bahamas. 233 00:12:02,638 --> 00:12:04,849 And that's when I was like, "What is this kid doing?" 234 00:12:05,349 --> 00:12:07,810 Obviously, you know, something was not right. 235 00:12:07,893 --> 00:12:09,562 [brooding music continues] 236 00:12:18,237 --> 00:12:20,197 Vacations, hotels. 237 00:12:21,699 --> 00:12:23,868 Whether it be, like, Sorbee going out to the club, 238 00:12:23,951 --> 00:12:26,620 or me just gambling, or whatever it may be. 239 00:12:26,704 --> 00:12:28,289 Bert buying a fucking dog. 240 00:12:28,372 --> 00:12:29,832 [panting] 241 00:12:29,915 --> 00:12:33,711 Bert went and he bought, like, a $2,000 dog on the company card. 242 00:12:33,794 --> 00:12:36,380 [Ray] Money was leaking out left and right in these weird areas. 243 00:12:36,464 --> 00:12:38,924 And then, like, sometimes just checks would be cashed. 244 00:12:39,008 --> 00:12:41,677 Sorbee robbed the company. That's what happened. 245 00:12:41,761 --> 00:12:44,138 But the checks were written in Bert's name. So, you know. 246 00:12:44,221 --> 00:12:46,599 Sorbee was forging my name 247 00:12:47,183 --> 00:12:50,060 and signing it to himself and cashing them. 248 00:12:50,644 --> 00:12:53,522 I don't fucking know who was writing those checks. I still don't know. 249 00:12:54,023 --> 00:12:56,942 Bert and Sorbee had no skin in the game as far as finances. 250 00:12:57,026 --> 00:13:00,738 I'll give anything to my family, but not to you… you little pricks. 251 00:13:00,821 --> 00:13:01,655 Really. 252 00:13:02,490 --> 00:13:05,534 And there was always the excuse of, "Oh, you're spending crazy money also." 253 00:13:05,618 --> 00:13:09,747 But, you know, the thing is, those debts were all my debts to… to deal with, 254 00:13:09,830 --> 00:13:10,915 my family's loans. 255 00:13:10,998 --> 00:13:14,001 So that's where, like, I just started to go fucking crazy. 256 00:13:14,919 --> 00:13:17,004 [Kerri] They 100% took advantage of him. 257 00:13:17,087 --> 00:13:19,882 [interviewer] Do you think he took advantage of you guys? That Ray did? 258 00:13:19,965 --> 00:13:22,384 Do I think that Ray took advantage? Yes, I do. 259 00:13:22,468 --> 00:13:25,721 [somber music playing] 260 00:13:25,805 --> 00:13:29,183 He really thought that it would develop into this great business. 261 00:13:29,266 --> 00:13:32,186 [Ray] I was in embarrassment of how much in debt I was 262 00:13:32,269 --> 00:13:34,939 that I was telling him Miami Exotics is doing great. 263 00:13:35,439 --> 00:13:36,816 But the money is just gone. 264 00:13:36,899 --> 00:13:38,943 He was the one that always extended his arm for me, 265 00:13:39,026 --> 00:13:41,737 and I… I just didn't want to disappoint my grandfather. 266 00:13:42,613 --> 00:13:46,242 We had about 100,000 left. I was, like, "Fuck it, I'll take it to the casino." 267 00:13:46,992 --> 00:13:50,329 "I'm gonna take all this money and just take one last chance." 268 00:13:52,498 --> 00:13:54,583 I played baccarat all night. 269 00:13:56,252 --> 00:13:58,337 I ended up losing everything I had. 270 00:14:00,047 --> 00:14:02,216 Fuck it. You know, I'm gonna kill myself. 271 00:14:05,761 --> 00:14:08,305 I just knew he'd be so disappointed. 272 00:14:08,389 --> 00:14:09,515 [Pop] Raymond? 273 00:14:09,598 --> 00:14:11,934 [Ray] When you're depressed, you lose sight of everything. 274 00:14:12,017 --> 00:14:13,853 It's a rabbit hole of shit. 275 00:14:15,229 --> 00:14:18,983 I remember just opening that bottle and just chugging 'em. 276 00:14:19,066 --> 00:14:20,109 I took about 50, 277 00:14:20,192 --> 00:14:22,278 which just about anybody would die from. 278 00:14:22,361 --> 00:14:24,613 It's 100 milligrams of Xanax. 279 00:14:25,906 --> 00:14:27,908 [Kerri] He called me after he woke up. 280 00:14:28,868 --> 00:14:32,037 I mean, it's… it's heartbreaking, you know, to see… see your kid like that. 281 00:14:32,121 --> 00:14:33,205 You know, it's… 282 00:14:34,248 --> 00:14:35,457 You know, it's, um… 283 00:14:40,838 --> 00:14:44,425 You know, I feel sorry for him because I felt like, you know, like… 284 00:14:44,508 --> 00:14:45,676 You know, he's… 285 00:14:45,759 --> 00:14:47,261 Even though he could be a little shit, 286 00:14:47,344 --> 00:14:49,597 you know, he always had a vulnerability about him, 287 00:14:49,680 --> 00:14:52,850 even when-- No matter what he was doing, you know. 288 00:14:55,144 --> 00:14:58,564 No, we just-- You know, we cried. We both cried and, you know, 289 00:14:59,231 --> 00:15:00,858 I just basically said, 290 00:15:01,692 --> 00:15:03,736 "You can figure it out. We'll get this figured out." 291 00:15:05,070 --> 00:15:07,156 Like, "You know, you're really smart." 292 00:15:07,239 --> 00:15:10,659 [somber music playing] 293 00:15:10,743 --> 00:15:13,954 [Ray] I'm sitting in Miami Exotics' office. 294 00:15:14,622 --> 00:15:16,081 [Bert] Ray was super upset. 295 00:15:16,165 --> 00:15:17,041 And then… 296 00:15:18,667 --> 00:15:21,712 Sorbee came up and started talking to Ray. 297 00:15:22,963 --> 00:15:26,091 [Ray] Yeah, so at that point, I just hated Sorbee completely 298 00:15:26,175 --> 00:15:28,093 'cause I just felt, like, so betrayed. 299 00:15:29,887 --> 00:15:32,640 And then he starts talking about cryptocurrency. 300 00:15:33,140 --> 00:15:35,768 I'm like, "What the fuck is this kid even talking about?" 301 00:15:35,851 --> 00:15:37,686 [chuckling] "What the fuck is that?" 302 00:15:38,395 --> 00:15:42,650 You can just see, like, the light in his eyes, that this was something. 303 00:15:42,733 --> 00:15:44,401 And they came to the conclusion 304 00:15:44,485 --> 00:15:46,862 that it was best to kick me out of the company, 305 00:15:47,863 --> 00:15:51,659 and that he would make more money with Sorbee than with me. 306 00:15:51,742 --> 00:15:54,078 That's what parlayed right into Centra. 307 00:15:54,620 --> 00:15:56,163 [suspenseful music playing] 308 00:16:01,085 --> 00:16:03,212 Sorbee's actually like the idea guy. 309 00:16:03,295 --> 00:16:06,298 You know, he's… he's super good at just coming up with ideas. 310 00:16:08,175 --> 00:16:09,593 Or just sitting behind a computer 311 00:16:09,677 --> 00:16:13,055 and… and, you know, knowing where to steal ideas from. 312 00:16:13,973 --> 00:16:16,642 One of the clear problems with cryptocurrencies at that time 313 00:16:16,725 --> 00:16:18,394 was that it was hard to use them. 314 00:16:18,477 --> 00:16:21,939 People have gotten rich with Bitcoin, 315 00:16:22,022 --> 00:16:25,734 and you could not spend your cryptocurrency. 316 00:16:26,902 --> 00:16:29,071 [Sorbee] Cryptocurrency started getting really popular. 317 00:16:29,154 --> 00:16:32,408 And I jumped on just like everyone else about three years ago 318 00:16:32,491 --> 00:16:35,244 and was trading Bitcoin and, uh, Ethereum, etc. 319 00:16:35,327 --> 00:16:37,413 And then, one day, I was just sitting home, 320 00:16:37,496 --> 00:16:38,789 and I was like, "You know what?" 321 00:16:38,872 --> 00:16:42,584 "What if I could just go spend my Bitcoins and the profits I've made 322 00:16:42,668 --> 00:16:44,044 and just go buy stuff with it 323 00:16:44,128 --> 00:16:46,964 without having to worry about withdrawing, depositing, et cetera?" 324 00:16:47,047 --> 00:16:50,759 And that's where kind of the idea manifested for Centra Card. 325 00:16:54,221 --> 00:16:57,099 Our pitch to the world was we were gonna create a debit card 326 00:16:57,182 --> 00:16:59,727 where you'd be able to spend cryptocurrency in real-time, 327 00:16:59,810 --> 00:17:00,853 anytime, anywhere. 328 00:17:00,936 --> 00:17:02,771 [suspenseful music continues] 329 00:17:02,855 --> 00:17:05,816 We're gonna create a… a marketplace for cryptocurrency. 330 00:17:05,899 --> 00:17:08,277 We're gonna have our own exchange, our own wallet. 331 00:17:08,360 --> 00:17:09,903 -[beeps] -[whirs] 332 00:17:09,987 --> 00:17:12,281 Basically, everything you need in cryptocurrency, 333 00:17:12,364 --> 00:17:14,366 we were gonna put it in one central place. 334 00:17:15,617 --> 00:17:16,535 [beeps] 335 00:17:18,871 --> 00:17:20,122 [Popper] During the ICO boom, 336 00:17:20,205 --> 00:17:24,126 you had people doing these serious projects. 337 00:17:24,209 --> 00:17:28,213 Kids, you know, with PhDs from Stanford, from MIT, 338 00:17:28,297 --> 00:17:31,175 at the same time as you had these kids 339 00:17:31,258 --> 00:17:35,054 who were agents at rental car companies in Miami, 340 00:17:35,137 --> 00:17:40,184 who were raising the exact same amount of money as the PhDs from MIT, 341 00:17:40,267 --> 00:17:46,356 without any experience in this universe that they were building in. 342 00:17:47,357 --> 00:17:49,193 And it was just too easy to do. 343 00:17:49,276 --> 00:17:52,988 [tense music playing] 344 00:17:53,072 --> 00:17:55,741 We created the basis of the whole company. 345 00:17:57,618 --> 00:18:01,538 First thing, we have to create a LinkedIn and put our universities. [chuckles] 346 00:18:02,498 --> 00:18:03,916 [tense music continues] 347 00:18:03,999 --> 00:18:06,293 [keyboard clacking] 348 00:18:12,007 --> 00:18:13,300 We all went to Harvard. 349 00:18:15,928 --> 00:18:18,680 [laughs] We were trying to make ourselves look as smart as possible. 350 00:18:22,059 --> 00:18:24,895 Creating the business plan that you present to the world 351 00:18:24,978 --> 00:18:26,230 was the next thing. 352 00:18:26,313 --> 00:18:28,816 There's a company called TenX in Singapore 353 00:18:29,358 --> 00:18:31,026 that created a debit card, 354 00:18:31,110 --> 00:18:33,445 and they just raised roughly $20 million. 355 00:18:33,529 --> 00:18:36,740 We're like, "Let's just take that idea and make it our own." 356 00:18:36,824 --> 00:18:39,076 We hired a guy on Upwork, 357 00:18:39,576 --> 00:18:41,620 and he just took their website 358 00:18:41,703 --> 00:18:45,374 and changed the word TenX to Centra just about on every page. 359 00:18:48,794 --> 00:18:50,546 [tense music continues] 360 00:19:06,478 --> 00:19:07,688 [man] I'm a developer 361 00:19:07,771 --> 00:19:11,441 and worked as a freelancer to develop Centra Tech. 362 00:19:12,067 --> 00:19:13,777 [gentle piano music playing] 363 00:19:16,321 --> 00:19:20,868 I was hired to work as a developer for Centra project. 364 00:19:20,951 --> 00:19:24,621 I was like five when I start working with computers. 365 00:19:26,456 --> 00:19:28,667 Some people might think I'm a genius. 366 00:19:28,750 --> 00:19:30,961 [both laughing] 367 00:19:31,044 --> 00:19:34,715 I think every problem can be solved if you put enough effort. 368 00:19:34,798 --> 00:19:38,343 There is literally nothing that can't be solved. 369 00:19:39,511 --> 00:19:43,599 Well, we were freelancing at that time. Working on different projects. 370 00:19:46,059 --> 00:19:52,191 And one day we got a request for a number, and we meet this guy on the phone. 371 00:19:52,274 --> 00:19:53,483 His name was Sam. 372 00:19:54,693 --> 00:19:55,694 [Sorbee] It's very simple. 373 00:19:55,777 --> 00:20:02,117 It's a lightning speed, real-time, uh, crypto asset to fiat conversion system 374 00:20:02,201 --> 00:20:06,580 that's designed to work with an endless amount of assets of our choice. 375 00:20:06,663 --> 00:20:09,041 Currently, we support eight. We're gonna go to 12. 376 00:20:09,124 --> 00:20:11,084 [Martin] And we were pretty excited for the project 377 00:20:11,168 --> 00:20:14,213 because that kind of technology was not present on the market, 378 00:20:14,296 --> 00:20:17,090 so it was very good idea to be developed. 379 00:20:17,174 --> 00:20:19,760 Centrachain is going to be our own blockchain. 380 00:20:20,677 --> 00:20:23,597 [interviewer] Are you guys personally interested in crypto? 381 00:20:24,389 --> 00:20:26,183 -Um… -Well, it's a trend. 382 00:20:28,352 --> 00:20:29,478 [keyboard clacking] 383 00:20:31,063 --> 00:20:34,608 Usually the people with ideas have very little knowledge in technology 384 00:20:34,691 --> 00:20:36,318 or how the things are done. 385 00:20:36,902 --> 00:20:38,737 So we put it together. 386 00:20:38,820 --> 00:20:40,822 [crickets chirping] 387 00:20:42,658 --> 00:20:46,078 People need to understand that our product is going to be the best, hands down. 388 00:20:46,954 --> 00:20:48,372 -[music ends] -[dog panting] 389 00:20:51,667 --> 00:20:52,793 [slurping] 390 00:20:55,921 --> 00:20:57,005 [pensive music playing] 391 00:20:57,089 --> 00:21:02,886 [man] I was invested in Ethereum, Bitcoin, and I made good choices. 392 00:21:02,970 --> 00:21:04,638 Pretty smart investments. 393 00:21:05,264 --> 00:21:07,182 [interviewer] What excited you initially about it? 394 00:21:07,266 --> 00:21:09,810 Was this just like an investment thing, or was it more than that? 395 00:21:10,894 --> 00:21:12,896 [man] Um, can I be, like, really honest? 396 00:21:13,563 --> 00:21:15,691 I wanted to be wealthy, right? Yeah. 397 00:21:19,778 --> 00:21:21,613 I wanted to make money quickly, 398 00:21:22,322 --> 00:21:23,323 travel the world… 399 00:21:25,617 --> 00:21:27,035 be financially free. 400 00:21:30,706 --> 00:21:34,126 The issue at that time is, how do you spend cryptocurrency? 401 00:21:34,793 --> 00:21:36,712 And I came across Centra Tech. 402 00:21:38,297 --> 00:21:39,631 It was exciting at the time. 403 00:21:39,715 --> 00:21:42,759 I was all about Centra Tech. I was like, "Look at this, this makes sense." 404 00:21:44,344 --> 00:21:48,682 I was young, and as a military member, I did not get paid that much money. 405 00:21:49,308 --> 00:21:52,602 I got hooked because of the opportunity to make money. 406 00:21:53,270 --> 00:21:55,689 [exciting piano music playing] 407 00:21:55,772 --> 00:21:58,150 But then also having a utility device 408 00:21:58,233 --> 00:22:02,029 that would allow me to spend my newly-acquired financial freedom. 409 00:22:07,909 --> 00:22:10,329 All of the technology sounded good. 410 00:22:13,081 --> 00:22:15,667 They had a real team that could build that tech. 411 00:22:19,379 --> 00:22:22,299 They had backing from Visa and Bancorp. 412 00:22:24,509 --> 00:22:26,928 And there was the CEO. 413 00:22:33,060 --> 00:22:36,688 Michael Edwards was the one that stuck out, big-time, for everyone. 414 00:22:39,566 --> 00:22:43,445 There's no technology company or credit card company that's two people. 415 00:22:43,528 --> 00:22:45,155 [inspirational music playing] 416 00:22:45,238 --> 00:22:48,241 Michael Edwards was a seed investor in Centra Tech. 417 00:22:48,325 --> 00:22:49,785 You know, he believed in our concept. 418 00:22:51,203 --> 00:22:53,663 You know, he had business experience in this field. 419 00:22:54,373 --> 00:22:56,291 He didn't really want to be a part of operations. 420 00:22:56,375 --> 00:22:59,252 He just believed in the concept and wanted us to get going. 421 00:23:01,004 --> 00:23:04,633 We made him the CEO because we didn't want anybody to see 422 00:23:04,716 --> 00:23:07,135 that young kids were the owners of this company. 423 00:23:07,219 --> 00:23:10,680 We wanted somebody that would represent a strong older figure. 424 00:23:12,099 --> 00:23:15,936 To have somebody that's, like, respectable and presentable to the public. 425 00:23:18,897 --> 00:23:19,981 We had everything. 426 00:23:21,274 --> 00:23:23,777 How would you not be interested in this company? 427 00:23:25,278 --> 00:23:28,365 Once we created the website and launched the Slack channel, 428 00:23:28,448 --> 00:23:31,785 there was just an influx of people interested so fast. 429 00:23:32,869 --> 00:23:35,705 [Jacob] Slack was the direct communication portal 430 00:23:35,789 --> 00:23:38,250 from the founders to investors. 431 00:23:41,253 --> 00:23:43,588 I was interested in the metrics that they were pushing. 432 00:23:43,672 --> 00:23:46,508 They're like, "You're gonna be one of the first investors in, 433 00:23:46,591 --> 00:23:50,595 and that means you have the maximum amount of benefit you can generate from this." 434 00:23:50,679 --> 00:23:52,848 And that's the way that I looked at it at the time. 435 00:23:53,348 --> 00:23:57,060 You guys who can get into the ICO, may be very worthwhile to do. 436 00:23:57,144 --> 00:24:00,021 I'm excited for Centra. I'm gonna be buying. 437 00:24:00,105 --> 00:24:02,190 [man 1] And they have a really great team behind them. 438 00:24:02,274 --> 00:24:05,402 [man 2] Real professional. Seems like they have their stuff together. 439 00:24:06,194 --> 00:24:07,696 [suspenseful music playing] 440 00:24:10,031 --> 00:24:12,033 [beeping] 441 00:24:14,077 --> 00:24:15,829 [interviewer] What'd he tell you he was doing? 442 00:24:15,912 --> 00:24:17,330 What did you ask about his business? 443 00:24:17,414 --> 00:24:21,418 You know, he would just basically would tell me, "It's an electronic money." 444 00:24:21,501 --> 00:24:25,380 "And it's the currency of, you know, the next generation." 445 00:24:25,464 --> 00:24:27,424 Something about Bitcoins or something? 446 00:24:28,800 --> 00:24:30,343 I don't even know what it is. 447 00:24:30,427 --> 00:24:31,428 [pensive music playing] 448 00:24:31,511 --> 00:24:32,846 [laughs] 449 00:24:32,929 --> 00:24:35,599 [beeping] 450 00:24:35,682 --> 00:24:37,976 You can see here they have their token sale 451 00:24:38,059 --> 00:24:41,897 starting tonight at midnight. All right, so that's coming up soon. 452 00:24:42,397 --> 00:24:45,317 Uh, that's why I want to get this video out to you stat. 453 00:24:45,400 --> 00:24:47,903 [pensive music continues] 454 00:24:51,615 --> 00:24:54,034 [clock ticking] 455 00:24:54,117 --> 00:24:57,078 [Ray] Our ICO had been live for a few weeks. 456 00:24:58,038 --> 00:25:01,583 It's not really, like, this big success at all at first. 457 00:25:05,545 --> 00:25:06,463 It sucked. 458 00:25:08,465 --> 00:25:12,636 About a month goes by, we made ten, twenty, fifty thousand. 459 00:25:13,345 --> 00:25:16,556 We're rolling. We're rolling. Sixty, seventy, eighty thousand. 460 00:25:16,640 --> 00:25:18,683 [ticking rapidly] 461 00:25:19,476 --> 00:25:20,560 And then one night, 462 00:25:22,062 --> 00:25:24,272 tons of money just starts flooding in. 463 00:25:24,356 --> 00:25:26,107 A hundred thousand, another hundred thousand, 464 00:25:26,191 --> 00:25:27,526 five hundred thousand. 465 00:25:29,194 --> 00:25:31,154 Within another hour, we had $2 million. 466 00:25:31,238 --> 00:25:34,533 We're like, "What the fuck, is this even real? What is going on here?" 467 00:25:37,118 --> 00:25:39,538 [Jacob] It was pretty exciting to watch it go up. 468 00:25:40,163 --> 00:25:41,831 Just watching something go up 469 00:25:41,915 --> 00:25:45,377 and become extremely valuable, it's like a drug, like adrenaline hitting you. 470 00:25:45,460 --> 00:25:48,797 You're so excited that your investment is making a ton of money. 471 00:25:48,880 --> 00:25:51,967 It brings up all these different opportunities in your mind. 472 00:25:52,050 --> 00:25:53,426 "What can I do with my life now?" 473 00:25:54,553 --> 00:25:57,472 [Ray] Clearly there was a reason why all this big money was coming in. 474 00:26:01,268 --> 00:26:02,978 People in our chat room started saying, 475 00:26:03,061 --> 00:26:05,021 "Clif High wrote this article. You guys see that?" 476 00:26:05,105 --> 00:26:07,107 Me and Sorbee, like, jumped in there. We're like, 477 00:26:07,190 --> 00:26:10,318 "Of course we know Clif High. We love Clif High. Yeah, he's the man." 478 00:26:10,402 --> 00:26:11,861 We had no fucking idea who he was. 479 00:26:11,945 --> 00:26:15,156 The whole, uh, banking system is failing. 480 00:26:15,240 --> 00:26:18,326 But in the… in the meantime, we're all going to be dealing with 481 00:26:18,410 --> 00:26:21,496 real money in the form of gold, silver, and cryptos. 482 00:26:21,580 --> 00:26:25,083 And the cryptos are going to be, um, the fluid part of it. 483 00:26:25,166 --> 00:26:27,836 And he was, like, a crypto guru type of guy. 484 00:26:27,919 --> 00:26:29,879 He's just some, like, some old nerd. 485 00:26:31,715 --> 00:26:34,092 He was saying this is gonna be a big thing. 486 00:26:34,175 --> 00:26:37,012 He put out this press release telling all his big investors 487 00:26:37,095 --> 00:26:39,097 to put out their money for Centra. 488 00:26:43,059 --> 00:26:45,770 We went from having, like, 200 people in our Slack channel 489 00:26:45,854 --> 00:26:49,149 to having like 2,000 people within, like, you know, a couple hours. 490 00:26:49,816 --> 00:26:52,694 Time to go to the stratosphere. This company's takin' off. 491 00:26:53,486 --> 00:26:55,155 [printer whirring] 492 00:26:56,072 --> 00:26:58,074 [upbeat music playing] 493 00:27:02,912 --> 00:27:04,581 With ICOs, it's like you're printing money. 494 00:27:04,664 --> 00:27:06,499 That's what you're doing. You're printing money. 495 00:27:06,583 --> 00:27:07,876 You're allowed to print money. 496 00:27:07,959 --> 00:27:12,088 That moment was probably the best moment of Centra, like, as far as feelings. 497 00:27:13,173 --> 00:27:16,301 It's the craziest shit to think we were able to raise that much money 498 00:27:16,384 --> 00:27:18,595 with having absolutely nothing but a website. 499 00:27:20,847 --> 00:27:23,099 I figured it wasn't, like, aboveboard, right? 500 00:27:23,183 --> 00:27:25,852 Like, I just, I kind of put two and two together on that. 501 00:27:25,935 --> 00:27:28,897 But I also, like-- You got to realize it was very par for the course. 502 00:27:28,980 --> 00:27:32,609 I knew Ray was gonna be a millionaire. Like, he's been saying it forever. 503 00:27:32,692 --> 00:27:35,570 Like, if he didn't, I'd be shocked, to be honest. 504 00:27:38,281 --> 00:27:42,410 Even as a kid, he was just always interested in making money. 505 00:27:42,494 --> 00:27:46,539 And committing crimes seemed to be, like, his main motivating force. 506 00:27:47,499 --> 00:27:49,751 He has such a fucked-up moral compass. 507 00:27:49,834 --> 00:27:53,755 He's always, like, figuring out these weird systems and how to manipulate them. 508 00:27:53,838 --> 00:27:56,966 Whether that be exploiting people or scamming, that's who he is. 509 00:27:58,593 --> 00:27:59,552 They have nothing. 510 00:27:59,636 --> 00:28:01,846 The investors think they have all this shit built. 511 00:28:01,930 --> 00:28:04,808 So, the whole thing is to now make themselves 512 00:28:04,891 --> 00:28:07,560 as legitimate as possible to secure this investment. 513 00:28:08,353 --> 00:28:10,021 It is a good idea, right? 514 00:28:10,563 --> 00:28:11,564 [footsteps approaching] 515 00:28:11,648 --> 00:28:14,484 ["Are You My Woman (Tell Me So)" by The Chi-Lites playing] 516 00:28:14,567 --> 00:28:15,402 [inhales] 517 00:28:16,820 --> 00:28:20,573 My name is Raymond Trapani, Chief Operating Officer of Centra Tech. 518 00:28:23,201 --> 00:28:25,662 After the Clif High interview, we had a few million dollars, 519 00:28:25,745 --> 00:28:27,414 and we're like, "We have to get an office." 520 00:28:27,497 --> 00:28:30,125 The pressure was on. We needed something to present to the world. 521 00:28:30,208 --> 00:28:33,086 Up until that point, we were working in a small bedroom. 522 00:28:33,169 --> 00:28:36,005 We get a beautiful office. And it was perfect. 523 00:28:36,089 --> 00:28:39,884 Let's give you guys a quick tour. Hopefully, I'm still live right now. 524 00:28:39,968 --> 00:28:42,345 -[phone ringing] -[Ray] Glass windows, really sleek. 525 00:28:44,973 --> 00:28:47,851 It just looked like a tech-based company would live there, right? 526 00:28:48,476 --> 00:28:50,437 We hired roughly 50 people. 527 00:28:51,146 --> 00:28:55,108 [Sorbee] So this is our offices. This is our customer support area. 528 00:28:55,191 --> 00:28:56,609 -Say hi, girls. -Hi. 529 00:28:57,694 --> 00:29:00,739 [Ray] You have, you know, hot girls who can do, like, assistant work. 530 00:29:00,822 --> 00:29:05,326 Then you can have customer service, which also could be half hot girls. Uh… 531 00:29:05,410 --> 00:29:08,329 -[Sorbee] That's our COO, Raymond Trapani. -How's everybody doing? 532 00:29:08,413 --> 00:29:10,623 You're hiring real developers to build real tech. 533 00:29:10,707 --> 00:29:12,876 [Sorbee] This is what we call the brain room right here. 534 00:29:12,959 --> 00:29:15,670 As many people know, we work with many talented individuals. 535 00:29:15,754 --> 00:29:18,548 [Ray] You know, I don't think any of us really knew what the process was. 536 00:29:18,631 --> 00:29:20,425 We were just shooting at the hip from day one. 537 00:29:21,551 --> 00:29:24,929 The employees definitely thought the company was fully legit. 538 00:29:25,013 --> 00:29:28,933 All right, we got the man, the myth, the legend, Mr. Farkas right here. Say hi. 539 00:29:29,017 --> 00:29:29,976 [music stops] 540 00:29:30,059 --> 00:29:32,228 What's up, everybody? This is Robert Farkas. 541 00:29:32,312 --> 00:29:34,481 I just wanted to give our community an update 542 00:29:34,564 --> 00:29:37,192 about what we've been working so diligently towards. 543 00:29:38,276 --> 00:29:40,987 When Sam originally told me about Centra Tech, 544 00:29:41,863 --> 00:29:45,241 he said, "I have this new technology. It's gonna be the future of finance." 545 00:29:45,325 --> 00:29:49,037 And it was probably the most exciting thing I've ever experienced in my life. 546 00:29:49,537 --> 00:29:51,080 Everyone wanted to be part of it. 547 00:29:51,164 --> 00:29:54,709 Even if you didn't know much about crypto, you were like, "Wow, that's really cool." 548 00:29:54,793 --> 00:29:58,588 "You created a debit card that connects magic internet money to the real world?" 549 00:29:58,671 --> 00:30:01,299 [mellow music playing] 550 00:30:01,382 --> 00:30:03,343 You know, he needed help. He needed employees. 551 00:30:03,426 --> 00:30:04,969 He was doing too much on his own. 552 00:30:05,053 --> 00:30:09,015 He was juggling a million things, and that's when mistakes happen. 553 00:30:10,350 --> 00:30:12,060 I said, "I'm not a software engineer, 554 00:30:12,143 --> 00:30:15,313 but I can add value to the company some way, shape, or form." 555 00:30:15,396 --> 00:30:18,483 Robert Farkas was Sorbee's girlfriend's brother. 556 00:30:18,566 --> 00:30:21,027 We told him to quit his job and come work for us. 557 00:30:21,110 --> 00:30:22,821 [interviewer] Was he qualified to be a CFO? 558 00:30:22,904 --> 00:30:25,031 Definitely not qualified to be a CFO. 559 00:30:25,532 --> 00:30:27,200 [audience cheering] 560 00:30:27,283 --> 00:30:29,619 He was a stripper in his past life. 561 00:30:30,578 --> 00:30:31,788 [laughs] 562 00:30:33,039 --> 00:30:34,749 You know, once we raised enough money 563 00:30:34,833 --> 00:30:36,835 and we had a lot of people in the chat rooms, 564 00:30:36,918 --> 00:30:39,420 we needed someone that would just sit on there all day 565 00:30:39,504 --> 00:30:41,714 and just talk to these fucking thousands of people. 566 00:30:42,215 --> 00:30:44,551 [Robert] So many chats funneled into our company. 567 00:30:44,634 --> 00:30:46,803 We had to juggle all these different forums. 568 00:30:46,886 --> 00:30:48,096 I was doing conferences, 569 00:30:48,179 --> 00:30:50,932 setting up booths, getting the community involved. 570 00:30:51,432 --> 00:30:53,351 It felt like we were changing the world. 571 00:30:56,187 --> 00:30:59,440 Sam had been coding since he was 13 years old. 572 00:30:59,524 --> 00:31:01,818 He was a go-getter, a hustler, a smart kid. 573 00:31:01,901 --> 00:31:02,944 I think he's a genius. 574 00:31:04,779 --> 00:31:06,948 Sam got things set up in light speed. 575 00:31:07,031 --> 00:31:08,867 A speed that has never been seen before. 576 00:31:08,950 --> 00:31:12,662 So this is a lot of project work that we're doing with a lot of engineers. 577 00:31:13,413 --> 00:31:14,873 Let's start this journey! 578 00:31:14,956 --> 00:31:17,333 [cheerful music playing] 579 00:31:17,417 --> 00:31:22,297 We have a 50,000 card order that's being prepared for manufacturing. 580 00:31:22,380 --> 00:31:24,799 So mass production is right around the corner, guys. 581 00:31:25,383 --> 00:31:29,053 December is our… our timeline on getting these cards to you guys. 582 00:31:29,137 --> 00:31:30,096 [phones ringing] 583 00:31:30,179 --> 00:31:33,933 We promised people they would be getting the cards out before Christmas. 584 00:31:34,017 --> 00:31:38,563 We figured if we could just provide that, none of the other stuff matters. 585 00:31:40,064 --> 00:31:42,692 We're solving problems on the project pretty fast. 586 00:31:43,776 --> 00:31:45,570 The development was speeding up. 587 00:31:46,362 --> 00:31:50,366 [Jonny] This shady company just graduated to, like, the next level, right? 588 00:31:51,159 --> 00:31:52,327 For Sorbee, 589 00:31:52,410 --> 00:31:56,831 the whole thing is to now make themselves as legitimate as possible, right? 590 00:31:56,915 --> 00:31:59,500 I'm a researcher as well as my teams are researchers. 591 00:31:59,584 --> 00:32:02,378 [Jonny] Sorbee did a lot of research. He fucking did it. 592 00:32:02,879 --> 00:32:05,673 He wants to figure it out, like, actually do it. 593 00:32:05,757 --> 00:32:08,092 [cheerful music continues] 594 00:32:09,218 --> 00:32:11,638 [Robert] We literally stayed up all night every night. 595 00:32:14,140 --> 00:32:17,060 We were just running on adrenaline and Monsters. 596 00:32:17,143 --> 00:32:19,520 Yeah, we were working more than full time. 597 00:32:20,605 --> 00:32:23,566 I don't remember Ray contributing much of anything. 598 00:32:25,193 --> 00:32:26,361 [ice clinking] 599 00:32:27,070 --> 00:32:29,489 He had like this little mafioso vibe. 600 00:32:29,572 --> 00:32:31,658 Loved gambling and loved money. 601 00:32:34,869 --> 00:32:36,579 And the whole time he was, um, 602 00:32:38,414 --> 00:32:39,248 medicated. 603 00:32:43,795 --> 00:32:45,088 [music fades] 604 00:32:45,171 --> 00:32:47,799 [Ray] My first thing, I went and bought all beautiful suits. 605 00:32:47,882 --> 00:32:48,967 I bought Armani suits. 606 00:32:49,801 --> 00:32:51,594 I get them all tailored perfect. 607 00:32:52,178 --> 00:32:54,847 -How many suits did you get? -I was in the mall every day. 608 00:32:54,931 --> 00:32:56,849 -Going to Saks every single day. -Really? 609 00:32:56,933 --> 00:32:58,309 My suit guy just like-- 610 00:32:58,393 --> 00:33:00,812 -[interviewer] He must have loved you. -Yeah. 611 00:33:01,646 --> 00:33:03,815 We were making about a half million dollars a day. 612 00:33:03,898 --> 00:33:05,483 Money just was flying in. 613 00:33:05,566 --> 00:33:07,944 I went from, like, having a few hundred thousand in the bank, 614 00:33:08,027 --> 00:33:10,613 to just having millions in your own personal bank account. 615 00:33:12,281 --> 00:33:14,283 -At 24 in Miami. -[interviewer] Yeah. 616 00:33:15,910 --> 00:33:16,786 [Ray] Got a new car. 617 00:33:16,869 --> 00:33:18,913 -[car engine starts, revs] -[tires screeching] 618 00:33:18,997 --> 00:33:22,166 We were trying to put as much money to the side as we possibly could. 619 00:33:22,667 --> 00:33:26,004 You can always just cash out more. Essentially print more money. 620 00:33:26,087 --> 00:33:28,673 [interviewer] It was coming in so easy that it really didn't matter. 621 00:33:29,215 --> 00:33:31,801 [Ray] I remember one time during the ICO, 622 00:33:31,884 --> 00:33:34,554 there was this one guy who was trying to invest, 623 00:33:34,637 --> 00:33:37,890 and then he gave me his password to his whole crypto account. 624 00:33:37,974 --> 00:33:40,977 He meant to send me his passcode to send the Centracoins to, 625 00:33:41,060 --> 00:33:42,353 and he gave me his password. 626 00:33:42,437 --> 00:33:44,272 And I was in this moment. I was like, 627 00:33:44,355 --> 00:33:46,482 "Holy shit, this guy just gave me his password." 628 00:33:46,566 --> 00:33:49,110 I logged in. Couldn't help myself. I already had made millions. 629 00:33:49,193 --> 00:33:51,821 This is like 100,000 sitting in his account. 630 00:33:51,904 --> 00:33:55,283 And what do I do here? I just transferred it all to my account. 631 00:33:56,701 --> 00:34:01,330 This guy trusted me, and I felt like I genuinely robbed this guy, you know? 632 00:34:02,874 --> 00:34:04,584 That was a fucked-up moment for sure. 633 00:34:05,084 --> 00:34:06,961 [Robert] Ray always had a lot of cash on him. 634 00:34:07,045 --> 00:34:09,630 Like, he literally had it in his hoodie, and he's dropping it, 635 00:34:09,714 --> 00:34:10,631 and he's, like, wasted. 636 00:34:10,715 --> 00:34:12,925 And everyone's like, "What's up with this guy?" 637 00:34:13,009 --> 00:34:14,260 Ray was in his own world. 638 00:34:14,343 --> 00:34:15,678 [club music playing faintly] 639 00:34:15,762 --> 00:34:17,555 He just wanted to stuff his pockets. 640 00:34:17,638 --> 00:34:19,640 [pensive music playing] 641 00:34:26,856 --> 00:34:28,691 [music fades] 642 00:34:28,775 --> 00:34:30,777 [Ray] It wasn't like you had to do much work 643 00:34:30,860 --> 00:34:32,653 to get these people to be interested. 644 00:34:32,737 --> 00:34:35,323 You know it's gonna be easy to pump this company up. 645 00:34:36,282 --> 00:34:39,452 You know, it's really all marketing. 646 00:34:39,535 --> 00:34:42,080 [Sorbee] Sounds good, brother. Thank you. All right, bye. 647 00:34:44,624 --> 00:34:47,168 Just spoke to fucking, motherfucking Floyd Mayweather! 648 00:34:47,251 --> 00:34:48,628 [Ray laughs] Yes! 649 00:34:48,711 --> 00:34:49,962 [tense music playing] 650 00:34:50,046 --> 00:34:52,423 [reporter] Next up, we have some pretty crazy news coming out 651 00:34:52,507 --> 00:34:53,966 from the Floyd Mayweather camp. 652 00:34:54,050 --> 00:34:56,135 [contemplative music playing] 653 00:34:56,969 --> 00:34:58,471 [Ray] How can we promote this company, 654 00:34:58,554 --> 00:35:01,432 now that we have this amount of money, to get it to the next level? 655 00:35:02,016 --> 00:35:04,435 Let's get an endorsement from a major celebrity. 656 00:35:04,519 --> 00:35:07,688 [Robert] This was the peak of Mayweather's career, where he just went 50-0, 657 00:35:07,772 --> 00:35:09,190 and Sam was like, "I can get him." 658 00:35:09,273 --> 00:35:12,443 -We're like, "Get the fuck out of here." -We know how to network, guys. 659 00:35:12,527 --> 00:35:15,530 We know how to be able to put the connectivities of brands to us. 660 00:35:16,030 --> 00:35:18,282 Oh, what's up, champ? How's everything, boss? 661 00:35:18,366 --> 00:35:21,285 He's down, and he, you know, he obviously wants a lot of money, 662 00:35:21,369 --> 00:35:23,204 and we're, like, trying to secure the deal. 663 00:35:23,287 --> 00:35:26,249 We ended up somehow pitching Floyd Mayweather 664 00:35:26,332 --> 00:35:30,336 to take 200,000 in cash and take 800,000 in Centracoins. 665 00:35:30,419 --> 00:35:33,047 You know, he's not the brightest guy, so he accepts it. 666 00:35:33,131 --> 00:35:35,133 [music continues] 667 00:35:39,053 --> 00:35:43,391 What's up? It's the one and only… your man, Floyd "Money" Mayweather. 668 00:35:45,601 --> 00:35:47,979 I get my card out, my Centra Card. 669 00:35:49,397 --> 00:35:50,356 Bitcoin. 670 00:35:51,023 --> 00:35:53,860 The new way things are done. Floyd "Money" Mayweather. 671 00:35:54,819 --> 00:35:56,779 As y'all can see, the number changed from before. 672 00:35:56,863 --> 00:36:00,408 He does a commercial, and the commercial goes crazy for us. 673 00:36:02,118 --> 00:36:05,037 [Jacob] It was an amazing thing. I mean, any good publicity 674 00:36:05,121 --> 00:36:07,665 that's going to pump your coin is gonna make you more wealthy. 675 00:36:09,750 --> 00:36:12,503 This is a huge moment for Centra. 676 00:36:12,587 --> 00:36:15,006 So let's see how they capitalize off of that. 677 00:36:15,089 --> 00:36:18,009 So I'm in the lab. My man put me up on this Centra vibe. 678 00:36:18,092 --> 00:36:20,761 Then we secured the second endorsement deal with DJ Khaled. 679 00:36:20,845 --> 00:36:23,723 The Centra vibe is that Bitcoin, I'm sayin'. 680 00:36:23,806 --> 00:36:25,808 [music continues] 681 00:36:28,603 --> 00:36:31,272 You know, I started like that. That's that Billy talk. 682 00:36:31,772 --> 00:36:34,400 [Ray] Instantly, millions of dollars are coming in. 683 00:36:35,276 --> 00:36:38,279 We're making millions of dollars… every day. 684 00:36:39,488 --> 00:36:44,160 This is such a revolutionary technology. You can't really stop it. 685 00:36:46,329 --> 00:36:48,623 [Mayweather chuckles] Yes, I told y'all. 686 00:36:49,624 --> 00:36:53,544 Got my Centra Card. Bitcoin. I'm doing big thing. 687 00:36:53,628 --> 00:36:56,172 [Popper] When I first started covering this, 688 00:36:56,255 --> 00:36:57,506 my starting point was, 689 00:36:58,132 --> 00:37:00,092 I'm gonna look at these coins 690 00:37:00,176 --> 00:37:03,638 that are getting endorsements from celebrities. 691 00:37:04,847 --> 00:37:06,682 It just didn't make sense. 692 00:37:07,767 --> 00:37:12,605 You had the people in the world who have to know the least about technology, 693 00:37:12,688 --> 00:37:18,444 pretending as though they are some sort of experts on which of these projects 694 00:37:18,527 --> 00:37:22,365 are the right ones for you to put your millions of dollars into. 695 00:37:22,448 --> 00:37:25,368 And it was clear they were all getting paid to do this. 696 00:37:25,451 --> 00:37:28,287 They have to disclose that they're getting paid 697 00:37:28,371 --> 00:37:31,332 if they're gonna promote something on social media. 698 00:37:31,415 --> 00:37:32,833 Somebody needs to dig into this 699 00:37:32,917 --> 00:37:35,169 and figure out what the hell is going on here. 700 00:37:36,128 --> 00:37:38,798 This one project stood out. 701 00:37:38,881 --> 00:37:41,968 The Centra vibe is that Bitcoin, I'm sayin'… 702 00:37:42,593 --> 00:37:44,178 [keyboard clacking] 703 00:37:45,054 --> 00:37:46,264 [Popper] Things looked funny. 704 00:37:46,347 --> 00:37:48,432 [pensive music playing] 705 00:37:48,516 --> 00:37:51,018 You just went to their website, 706 00:37:51,602 --> 00:37:54,563 you scrolled down and looked at the pictures 707 00:37:54,647 --> 00:37:57,692 they had of their staff and founders. 708 00:37:57,775 --> 00:38:00,403 The pictures didn't even look like real people. 709 00:38:00,486 --> 00:38:05,283 And then they had the LinkedIn profile for each of these employees. 710 00:38:05,366 --> 00:38:07,827 The ones where the LinkedIn accounts did work, 711 00:38:07,910 --> 00:38:11,956 the employees all had degrees from Harvard, 712 00:38:12,039 --> 00:38:15,209 and they were executives at Wells Fargo. 713 00:38:15,293 --> 00:38:20,339 I mean, nobody at Wells Fargo was working in the cryptocurrency universe. 714 00:38:20,423 --> 00:38:23,259 It just-- None of it seemed plausible. 715 00:38:24,427 --> 00:38:26,595 I found these Instagram accounts 716 00:38:26,679 --> 00:38:31,142 that made it clear that their LinkedIns were totally untrue 717 00:38:31,225 --> 00:38:34,854 and that, in fact, they worked at some sort of car dealership. 718 00:38:34,937 --> 00:38:37,106 So I started digging further. 719 00:38:37,815 --> 00:38:39,817 [line ringing] 720 00:38:39,900 --> 00:38:43,112 One day, I got a call from an author for the New York Times. 721 00:38:43,195 --> 00:38:46,907 "Hey, we're doing a story on celebrities involved in crypto." 722 00:38:46,991 --> 00:38:48,367 So I put Ray the phone. 723 00:38:49,285 --> 00:38:50,578 [Ray] Hi, how you doing? 724 00:38:50,661 --> 00:38:52,079 [Popper] Hey, that's Ray? 725 00:38:52,747 --> 00:38:54,081 [Ray] Yeah, speaking. How are you? 726 00:38:54,165 --> 00:38:56,208 [Popper] You have a second to talk? Endorsements-- 727 00:38:56,292 --> 00:38:58,961 -[Ray] What company are you from? -[Popper] The New York Times. 728 00:38:59,045 --> 00:39:02,131 -[Ray] All right. What's your name, sir? -Nathaniel Popper. 729 00:39:02,631 --> 00:39:04,550 [Ray] You're an author for the New York Times? 730 00:39:04,633 --> 00:39:06,427 [Popper] I'm a reporter for the New York Times. 731 00:39:06,510 --> 00:39:10,348 I've been reporting on Bitcoin and blockchain stuff for several years. 732 00:39:10,431 --> 00:39:13,100 -[Ray] So you know your stuff. I get you. -[Popper] I'm following-- 733 00:39:13,184 --> 00:39:16,812 [Ray] Centra, in my opinion, is the future of cryptocurrency 734 00:39:16,896 --> 00:39:19,857 and the financial industry at the same time. 735 00:39:19,940 --> 00:39:22,318 [Popper] Okay. Um, good, well, um-- 736 00:39:22,401 --> 00:39:24,362 [Ray] It's gonna be able to make cards 737 00:39:24,445 --> 00:39:27,573 that they're able to spend their cryptocurrency on in real time. 738 00:39:27,656 --> 00:39:29,784 Just like an iPhone coming to the world in-- 739 00:39:29,867 --> 00:39:31,243 [Popper] Um, mm-hmm. 740 00:39:31,327 --> 00:39:33,954 Yeah, it felt great. New York Times? We're all from New York. 741 00:39:34,038 --> 00:39:35,373 You know, how can you beat that? 742 00:39:35,456 --> 00:39:36,457 Whoa. 743 00:39:36,540 --> 00:39:37,625 It was amazing. 744 00:39:37,708 --> 00:39:42,046 A great opportunity to get our name out to the United States market. 745 00:39:42,129 --> 00:39:43,923 They want to send a photographer over. 746 00:39:44,006 --> 00:39:45,966 I said, "No problem. You know, send them over." 747 00:39:46,050 --> 00:39:48,719 "Sorbee will come to the office, and we'll all take these pictures." 748 00:39:50,596 --> 00:39:54,975 [Popper] After my first call, I told the photographer to rush down there 749 00:39:55,059 --> 00:39:59,397 to get the photos before they, sort of, second-guessed all this. 750 00:40:01,482 --> 00:40:03,067 And their offices actually existed. 751 00:40:04,151 --> 00:40:07,947 It really seemed like this had started as a scam, 752 00:40:08,030 --> 00:40:10,366 and then they suddenly started to think, 753 00:40:10,449 --> 00:40:14,537 "You know what, maybe we'll just do this. Maybe we'll just make a credit card." 754 00:40:14,620 --> 00:40:17,123 Anybody can come here to our offices. Doors are open. 755 00:40:17,206 --> 00:40:19,667 You can meet the staff. They're intelligent people. 756 00:40:20,251 --> 00:40:21,919 [Popper] Let's hire some programmers 757 00:40:22,002 --> 00:40:25,089 and put something on the blockchain, and we'll create the next bank. 758 00:40:25,172 --> 00:40:29,552 Even though no part of the building blocks that they were working from were real. 759 00:40:31,095 --> 00:40:33,222 [Ray] We all got, like, our best suits on. 760 00:40:33,305 --> 00:40:35,307 [wondrous music playing] 761 00:40:35,391 --> 00:40:36,267 [shutter clicks] 762 00:40:52,324 --> 00:40:54,452 [music fades] 763 00:40:54,535 --> 00:40:55,411 [car engine revving] 764 00:40:56,579 --> 00:40:58,080 [Kerri] Yeah, it was exciting 765 00:40:58,164 --> 00:41:01,500 because I saw, you know, the spiral down after Miami Exotics, 766 00:41:01,584 --> 00:41:02,877 and now he's feeling good. 767 00:41:02,960 --> 00:41:05,254 He was making money. He was successful. 768 00:41:05,337 --> 00:41:08,382 [Pat] Ray came to the door. He had a Harvard shirt on. 769 00:41:08,466 --> 00:41:12,261 I said, "Where did you get that?" He says, "Oh, online." [chuckles] 770 00:41:12,344 --> 00:41:15,181 Then he started laughing. He said, "I went to Harvard." 771 00:41:15,806 --> 00:41:18,142 "I started this big company." 772 00:41:18,809 --> 00:41:22,980 It was just kind of, "Okay, let's hope that everything's gonna be okay." 773 00:41:23,481 --> 00:41:24,857 [car engine revving] 774 00:41:24,940 --> 00:41:26,942 [phone ringing] 775 00:41:28,569 --> 00:41:30,237 [Popper] Um, Ray? 776 00:41:30,988 --> 00:41:35,451 I've been coming across other questions that have come up around Centra. 777 00:41:35,534 --> 00:41:37,870 The first thing is Visa has said 778 00:41:37,953 --> 00:41:40,873 nobody has applied to issue a Centra Card. 779 00:41:42,374 --> 00:41:45,586 [Ray] I mean, I… I know-- I know details about that. 780 00:41:45,669 --> 00:41:47,213 I mean, you know, I mean-- 781 00:41:47,796 --> 00:41:51,342 But, I mean, I… I can't give you direct answers on that. 782 00:41:52,510 --> 00:41:56,764 These guys say that they're issuing a card with Visa. 783 00:41:56,847 --> 00:41:58,599 They have pictures up on their website 784 00:41:58,682 --> 00:42:01,185 that have cards that have the Visa logo on it. 785 00:42:01,268 --> 00:42:04,063 One of the first things I did was call Visa. 786 00:42:04,146 --> 00:42:07,107 They said, "We have no idea who these guys are, 787 00:42:07,191 --> 00:42:10,110 and there is no record of an application." 788 00:42:10,194 --> 00:42:12,404 "They're gonna have to take that off of their website." 789 00:42:13,489 --> 00:42:15,574 [Ray spluttering] I can't… 790 00:42:17,117 --> 00:42:18,786 [Popper] Okay, I mean Visa's just saying 791 00:42:18,869 --> 00:42:22,248 this company Centra is not allowed to issue a card with Visa on it. 792 00:42:22,331 --> 00:42:25,459 [Ray] Till we do the mass order, they're never gonna speak on that. 793 00:42:25,960 --> 00:42:28,879 Anytime somebody tells you, you know, 794 00:42:28,963 --> 00:42:32,174 "I… I don't really feel comfortable answering that question," 795 00:42:32,258 --> 00:42:33,884 or, "These are questions that are very…" 796 00:42:33,968 --> 00:42:37,429 [Ray] Very, very tough for me to answer here. You know, I mean, like-- 797 00:42:37,513 --> 00:42:40,057 …you know that there's something going on here. 798 00:42:40,140 --> 00:42:41,976 [pensive music playing] 799 00:42:42,059 --> 00:42:46,230 I was looking at this and just trying to come up with an explanation 800 00:42:46,313 --> 00:42:51,443 that could sort of plausibly explain how they had raised that kind of money… 801 00:42:51,527 --> 00:42:54,697 [Clif] And the channel is "Clif_High." 802 00:42:54,780 --> 00:43:00,077 …when it was so clearly fraudulent and a lie. 803 00:43:00,661 --> 00:43:03,330 [Ray] You know? And then once we went public, what happened? 804 00:43:03,414 --> 00:43:05,457 I mean, overnight it blew up. 805 00:43:05,541 --> 00:43:08,085 Bang, one of the biggest guys in crypto wrote, 806 00:43:08,168 --> 00:43:11,088 "Centra Tech is the best company in the world to invest in." 807 00:43:11,171 --> 00:43:14,425 It got us to where we are now, which is a big chunk of change. 808 00:43:14,508 --> 00:43:15,467 [Popper] Okay. 809 00:43:15,551 --> 00:43:18,971 A lot of corporations are gonna die. Lots and lots of them. 810 00:43:19,054 --> 00:43:22,141 Along with some of the Cryptos, right? Um… 811 00:43:22,224 --> 00:43:26,979 Clif High understood this project and, you know, believed in the project… 812 00:43:27,062 --> 00:43:28,689 [arcade game music plays] 813 00:43:28,772 --> 00:43:32,359 …and then realized that it was 814 00:43:33,152 --> 00:43:34,194 a scam. 815 00:43:34,278 --> 00:43:35,904 -[tense music plays] -[printer clatters] 816 00:43:39,867 --> 00:43:41,201 The shit hit the fan with Clif. 817 00:43:41,285 --> 00:43:42,911 [Ray] The whole article was a fuck-up. 818 00:43:42,995 --> 00:43:45,497 I… I probably never even read the fucking full article. 819 00:43:45,581 --> 00:43:47,082 [whirring] 820 00:43:47,166 --> 00:43:49,877 [Jonny] Clif High used these things called web bots, 821 00:43:49,960 --> 00:43:53,255 which make AI-generated summaries of news articles. 822 00:43:53,922 --> 00:43:55,758 This web bot fucked up 823 00:43:55,841 --> 00:43:59,803 and put Centra's name in this article about this bank called Centra. 824 00:44:00,429 --> 00:44:04,892 Clif High had thought this bank was part of them, which would have been huge news. 825 00:44:04,975 --> 00:44:08,687 Imagine if Bank of America, or something, partnered with, like, Ethereum. 826 00:44:10,064 --> 00:44:14,443 Clif High reaches out and was like, "Hey, I fucked up big time." 827 00:44:14,526 --> 00:44:17,905 Clif reaches out to us, and he asks if we can go live with him 828 00:44:17,988 --> 00:44:19,490 in front of an audience. 829 00:44:19,573 --> 00:44:22,076 And we agree. We agree to it. We're like, "Fuck it." 830 00:44:22,159 --> 00:44:25,120 Like, how bad can it go? Sorbee's very good at talking. 831 00:44:25,204 --> 00:44:27,498 You know, we've had people ask us questions so many times, 832 00:44:27,581 --> 00:44:28,874 and it always goes so well. 833 00:44:29,750 --> 00:44:32,503 And then the first thing Sorbee says in that call is… 834 00:44:32,586 --> 00:44:35,798 We are one hundred percent not a scam. 835 00:44:35,881 --> 00:44:40,177 Starting off saying "this is not a scam" is the most bizarre thing in the world. 836 00:44:41,220 --> 00:44:44,014 No one ever says that unless it's actually a scam. 837 00:44:44,098 --> 00:44:46,934 Okay, that's… that's fine, that's fine, but your statements… 838 00:44:47,017 --> 00:44:48,477 your statements don't mean anything. 839 00:44:48,560 --> 00:44:51,480 You stating you're not a scam in no way proves you're not a scam. 840 00:44:51,563 --> 00:44:54,733 I'm not here to scam anybody. I wouldn't have raised $4.5 million, 841 00:44:54,817 --> 00:44:56,151 came on here to scam anybody. 842 00:44:56,235 --> 00:44:58,946 [Clif] You're listed as the Chief Technical Officer on LinkedIn. 843 00:44:59,029 --> 00:45:01,782 And for some reason, you're still using an email account 844 00:45:01,865 --> 00:45:04,201 from a business, uh, that is a car dealership. 845 00:45:04,284 --> 00:45:05,119 [laughing] 846 00:45:05,202 --> 00:45:07,913 [Clif] I don't think you have your technical, uh, shit together here. 847 00:45:08,497 --> 00:45:11,500 What have you got in the way of equipment? What's your server farm like? 848 00:45:11,583 --> 00:45:12,793 I don't know the details of it. 849 00:45:12,876 --> 00:45:14,878 The tech director that did that for me, to be honest. 850 00:45:14,962 --> 00:45:17,589 -I'm a startup. I haven't been-- -Jesus Christ. 851 00:45:17,673 --> 00:45:19,800 I've been in business less than a year and a half. 852 00:45:19,883 --> 00:45:21,885 [Ray] He asked about the bank contracts. 853 00:45:21,969 --> 00:45:24,263 -[Clif] My question comes to this-- -[Sorbee] Bancorp Bank-- 854 00:45:24,346 --> 00:45:25,931 Absolutely. I'm getting right to it. 855 00:45:26,014 --> 00:45:27,599 Bancorp Bank, they're our managers. 856 00:45:27,683 --> 00:45:30,018 And we go directly through their licensing agreement. 857 00:45:30,102 --> 00:45:33,689 [Clif] So that locks you out of, like, 34 states instantly because of the costs. 858 00:45:33,772 --> 00:45:35,441 Not 34. It's 36 states. 859 00:45:35,524 --> 00:45:40,195 So it's about… it's about 28 states. Because there's 51, 52 states, I think. 860 00:45:40,279 --> 00:45:41,280 -Right? -[laughs] 861 00:45:41,363 --> 00:45:42,906 [Clif] All right, guy. [laughs] 862 00:45:42,990 --> 00:45:45,784 I'm not good with words, okay? Let's just make it blunt and honest. 863 00:45:45,868 --> 00:45:47,661 I haven't-- I just know what we're doing. 864 00:45:47,745 --> 00:45:49,455 You're not a… You're not a software engineer, 865 00:45:49,538 --> 00:45:51,039 you're not a coder, not a blockchain-- 866 00:45:51,123 --> 00:45:53,250 Me personally, no. And I… I told you that. 867 00:45:53,333 --> 00:45:56,253 I'm the guy who leads them to be able to design my vision. 868 00:45:56,336 --> 00:45:58,881 [Clif] So Mike doesn't do shit then? Why is he the CEO? 869 00:45:58,964 --> 00:46:01,925 -To be honest, he's the money dude. -And what's his role in this? 870 00:46:02,009 --> 00:46:04,720 Mike… Mike… Mike was, honestly, an investor 871 00:46:04,803 --> 00:46:06,138 who saw my vision and said, 872 00:46:06,221 --> 00:46:07,973 "You know what? I'm gonna do this for you." 873 00:46:08,056 --> 00:46:10,225 He gave me the opportunity to get where I am today. 874 00:46:10,309 --> 00:46:12,519 We're not the brightest, smartest people. 875 00:46:12,603 --> 00:46:15,355 -We're not gonna sit here and say we are. -[Clif] Why bring that up? 876 00:46:15,439 --> 00:46:17,649 [Sorbee] I went and did my due diligence… 877 00:46:19,193 --> 00:46:23,030 I didn't wanna believe anybody in this universe until they prove things to me, 878 00:46:23,113 --> 00:46:27,868 so I immediately start asking about their alleged CEO, Michael Edwards. 879 00:46:27,951 --> 00:46:29,119 [line ringing] 880 00:46:29,203 --> 00:46:33,165 Michael Edwards, is he, um, I mean, is he someone I can speak to? 881 00:46:33,248 --> 00:46:36,585 Just so I can understand, sort of, his role and what his view of this is. 882 00:46:36,668 --> 00:46:40,130 [Ray] He stops by the office, you know, once in a while to check up on things. 883 00:46:40,214 --> 00:46:42,925 In regards to speaking to him, what do you wanna speak to him about? 884 00:46:43,008 --> 00:46:46,261 [Popper] I'm just wondering if there's a person there that I could talk to? 885 00:46:46,345 --> 00:46:48,055 [Ray] Yeah, I can probably put that together. 886 00:46:48,138 --> 00:46:51,266 Only in regards to, you know, being that it's a New York Times article. 887 00:46:51,350 --> 00:46:54,978 [Popper] I mean, you had him as your CEO. Is he still your CEO? 888 00:46:55,062 --> 00:46:59,691 [Ray] He's more of our original money guy before we got everything in place. 889 00:46:59,775 --> 00:47:01,401 [pensive music playing] 890 00:47:01,485 --> 00:47:04,196 There was so much heat on us that we knew we're just trying to remove 891 00:47:04,279 --> 00:47:07,157 everything that was fake, every misrepresentation, all at once. 892 00:47:07,241 --> 00:47:10,035 [pensive music continues] 893 00:47:15,958 --> 00:47:17,626 We gotta clear all the Fufu. 894 00:47:17,709 --> 00:47:20,003 [enchanting music playing] 895 00:47:20,087 --> 00:47:21,839 Fugazi, fake stuff. [chuckles] 896 00:47:23,340 --> 00:47:25,801 Bancorp was the bank that we had listed on our website. 897 00:47:25,884 --> 00:47:28,971 They faked that too, so I would just get out while I still could. 898 00:47:29,638 --> 00:47:33,058 [Robert] For the prototype card, Sam used Bancorp prepaid cards. 899 00:47:33,141 --> 00:47:35,686 So he was like, "Fuck it. Let's just say Bancorp." 900 00:47:35,769 --> 00:47:37,271 Because technically, it was Bancorp. 901 00:47:37,354 --> 00:47:38,313 [Sorbee] Approved. 902 00:47:39,314 --> 00:47:41,650 [Robert] And one day, we got a cease and desist 903 00:47:41,733 --> 00:47:42,985 from the Bancorp Bank. 904 00:47:46,738 --> 00:47:48,448 It was pretty nerve-wracking. 905 00:47:51,910 --> 00:47:55,122 Sam found a law firm called Pope and Dunn. 906 00:47:57,374 --> 00:48:01,169 They were a super reputable firm out of New York on Water Street. 907 00:48:01,879 --> 00:48:04,214 Eric Pope was this ex-SEC attorney. 908 00:48:04,298 --> 00:48:05,132 [phone ringing] 909 00:48:05,215 --> 00:48:07,593 A smart, witty guy on the phone. 910 00:48:07,676 --> 00:48:10,512 He said, "Listen, I'm gonna handle all your legal stuff." 911 00:48:10,596 --> 00:48:14,516 You know, he consoled us about any hiccups that we had early on in the company. 912 00:48:15,058 --> 00:48:18,061 [Eric] We're definitely on top of it. We have the best legal team on top of it. 913 00:48:19,521 --> 00:48:22,065 [Robert] We sent the cease and desist to Eric Pope. 914 00:48:22,149 --> 00:48:25,944 "Eric, what do we do?" He said, "Just take it off your website." 915 00:48:26,028 --> 00:48:29,239 "Don't worry about it. Just abide by the cease and desist and keep moving." 916 00:48:31,283 --> 00:48:34,745 [Jacob] I started noticing that things were changing on their website. 917 00:48:35,245 --> 00:48:37,873 Bancorp disappeared off their white paper. 918 00:48:37,956 --> 00:48:38,957 Why is that gone? 919 00:48:40,083 --> 00:48:41,001 What's going on here? 920 00:48:41,084 --> 00:48:43,420 Where's the technology that you're promising? 921 00:48:45,964 --> 00:48:47,966 [music fades] 922 00:48:48,050 --> 00:48:49,468 [crickets chirping] 923 00:48:49,551 --> 00:48:51,845 [Sorbee] We have reasons we don't disclose certain things. 924 00:48:51,929 --> 00:48:54,890 We have technology to protect. Our technology is our backbone. 925 00:48:54,973 --> 00:48:57,100 Without our technology, we don't have a product. 926 00:48:57,184 --> 00:49:00,354 Our goal is not to not be transparent. Because we understand 927 00:49:00,437 --> 00:49:02,689 how cryptocurrency can take non-transparency 928 00:49:02,773 --> 00:49:04,816 and run with it as a scam, so we get that. 929 00:49:04,900 --> 00:49:06,902 [suspenseful music playing] 930 00:49:08,779 --> 00:49:10,614 [Ray] Everything that we would go back to, like, 931 00:49:10,697 --> 00:49:12,449 when we'd get caught into something was like, 932 00:49:12,532 --> 00:49:14,660 "Oh yeah, it's great we have Michael Edwards 933 00:49:14,743 --> 00:49:16,453 to rely on for all this advice, 934 00:49:16,536 --> 00:49:18,497 and he's really bringing our vision to life here." 935 00:49:18,580 --> 00:49:20,832 So I'm gonna go back to reading some of the questions 936 00:49:20,916 --> 00:49:23,919 to see what people have been asking. So I'm just gonna scroll up top. 937 00:49:24,002 --> 00:49:26,713 [contemplative music continues] 938 00:49:28,465 --> 00:49:30,842 [Ray] Of course, people wanted to meet Michael Edwards. 939 00:49:30,926 --> 00:49:32,177 [exhales] 940 00:49:39,893 --> 00:49:43,230 People would come into our chats talking shit. Just talk and talk. 941 00:49:43,313 --> 00:49:46,400 "When are you gonna have Michael Edwards come on and talk to everybody? 942 00:49:46,483 --> 00:49:48,902 "Did he work here? Did he go to this college?" 943 00:49:48,986 --> 00:49:51,571 "Is there somebody named Michael Edwards 944 00:49:51,655 --> 00:49:55,575 who lives in Miami, who is this age, who has this picture?" 945 00:49:55,659 --> 00:49:59,121 [man] Where is the alleged co-founder and CEO? 946 00:49:59,204 --> 00:50:00,414 "Michael Edwards." 947 00:50:01,081 --> 00:50:04,334 That's when we… we really knew that we had to get rid of Michael Edwards 948 00:50:04,418 --> 00:50:05,335 as soon as possible. 949 00:50:05,419 --> 00:50:07,462 [contemplative music continues] 950 00:50:21,143 --> 00:50:24,021 [dramatic music plays] 951 00:50:24,104 --> 00:50:25,480 Stupid mistake. 952 00:50:25,981 --> 00:50:27,983 [contemplative music continues] 953 00:50:30,777 --> 00:50:32,237 [Ray] Put out a press release. 954 00:50:32,904 --> 00:50:35,824 Michael Edwards, our CEO, died in a car accident. 955 00:50:35,907 --> 00:50:38,785 It was a crazy, terrible car accident. God bless the dead. 956 00:50:38,869 --> 00:50:40,579 And, you know, that was that. 957 00:50:46,001 --> 00:50:47,044 [music ends] 958 00:50:48,253 --> 00:50:50,255 [footsteps approaching] 959 00:50:56,636 --> 00:50:57,471 Hello. 960 00:50:58,096 --> 00:50:59,431 I'm Michael Edwards, 961 00:50:59,514 --> 00:51:02,309 founder and CEO of Centra Tech. 962 00:51:04,144 --> 00:51:06,480 [interviewer] Is that, uh, who you really are? 963 00:51:07,522 --> 00:51:09,399 No, that's not who I really am. 964 00:51:10,025 --> 00:51:14,112 I'm Dr. Andrew Halayko. I'm a professor at the University of Manitoba. 965 00:51:14,905 --> 00:51:19,785 "On August 25th, Michael Edwards suddenly left this world." 966 00:51:19,868 --> 00:51:22,871 "He leaves behind his French bulldog, Stanley, 967 00:51:23,538 --> 00:51:26,875 and an accomplished career as an investor and VP 968 00:51:26,958 --> 00:51:28,543 for Wells Fargo and Chase." 969 00:51:28,627 --> 00:51:32,506 "He graduated with an MBA from Harvard University, 970 00:51:32,589 --> 00:51:36,301 which prepared him for his most recent venture as co-founder 971 00:51:36,384 --> 00:51:41,098 and chief executive officer of Centra Tech in Miami Beach, Florida." 972 00:51:42,724 --> 00:51:44,017 That's pretty creepy. 973 00:51:44,101 --> 00:51:45,560 Uh… [chuckles] 974 00:51:46,728 --> 00:51:48,688 Wow. Well, at least I had an MBA, 975 00:51:48,772 --> 00:51:51,858 and I was… I was well-trained at Harvard. [chuckles] 976 00:51:51,942 --> 00:51:55,612 I hadn't realized that they had actually gone to that extent. 977 00:51:55,695 --> 00:51:56,530 Um… 978 00:51:57,405 --> 00:52:01,118 Michael Edwards was never even a real person, not at all. 979 00:52:02,369 --> 00:52:04,412 We completely created him from scratch. 980 00:52:04,996 --> 00:52:07,207 The photos for Michael Edwards were just taken off Google. 981 00:52:07,290 --> 00:52:09,000 We just looked up "old white guy…" 982 00:52:09,668 --> 00:52:10,877 [keyboard clacking] 983 00:52:10,961 --> 00:52:14,005 …looked at all the images, and found an old white guy. [laughing] 984 00:52:14,589 --> 00:52:17,467 And just took that image, and, you know, that was Michael Edwards. 985 00:52:18,510 --> 00:52:19,553 [chuckles] 986 00:52:19,636 --> 00:52:21,805 [pensive music playing] 987 00:52:21,888 --> 00:52:24,724 [Dr. Halayko] It's infuriating that you are being manipulated 988 00:52:25,225 --> 00:52:27,978 and used to someone else's benefit. 989 00:52:28,937 --> 00:52:31,439 [Ray] After Michael Edwards was killed off, 990 00:52:31,523 --> 00:52:34,025 what we were trying to do is find a new CEO. 991 00:52:35,777 --> 00:52:39,698 And that's where we asked my grandfather if he wanted to be the CEO of the company. 992 00:52:39,781 --> 00:52:42,242 And at the time, he had cancer, so, like, he really didn't care. 993 00:52:42,325 --> 00:52:44,286 He was like, "Fuck it. Yeah, just put me up there." 994 00:52:44,369 --> 00:52:45,871 You know, we took his picture. 995 00:52:47,539 --> 00:52:49,416 And we had a new CEO. 996 00:52:49,499 --> 00:52:51,209 [suspenseful music playing] 997 00:53:01,636 --> 00:53:05,515 [Popper] Um, so look, since we last spoke, 998 00:53:05,599 --> 00:53:10,061 the original CEO, Michael Edwards, um, his picture was the picture 999 00:53:10,145 --> 00:53:13,440 of this guy from Canada who wasn't named Michael Edwards. 1000 00:53:13,523 --> 00:53:17,527 I saw that you deleted the original LinkedIn profile that he had up. 1001 00:53:17,611 --> 00:53:18,862 [Ray] You see, that's the thing. 1002 00:53:18,945 --> 00:53:21,364 [spluttering] He wanted to be a ghost investor. 1003 00:53:21,448 --> 00:53:24,910 [Popper] But that LinkedIn profile disappeared then, right? 1004 00:53:25,493 --> 00:53:28,246 [Ray] When… When was that? I'm not… I'm not even sure about that. 1005 00:53:28,330 --> 00:53:30,832 -[Popper] There was a LinkedIn-- -[Ray] I just have one question. 1006 00:53:30,916 --> 00:53:34,044 Where… Where are you getting at with the… like, the… the end point of this? 1007 00:53:34,127 --> 00:53:34,961 [Popper] Um… 1008 00:53:35,545 --> 00:53:37,422 [Jacob] After Michael Edwards passed, 1009 00:53:37,505 --> 00:53:39,883 I needed to know who William Hagner was. 1010 00:53:41,426 --> 00:53:44,763 I researched the founders, whatever I could find. 1011 00:53:44,846 --> 00:53:46,973 [keyboard clacking] 1012 00:53:48,850 --> 00:53:52,229 I started looking into Raymond Trapani and his entire background 1013 00:53:52,312 --> 00:53:54,105 on his Facebook page. 1014 00:53:56,316 --> 00:53:58,526 Wow, what is this? 1015 00:53:59,027 --> 00:54:01,905 William Hagner is actually Raymond's grandfather. 1016 00:54:02,739 --> 00:54:04,407 It was very suspicious. 1017 00:54:07,661 --> 00:54:09,955 I was sounding the alarm in the Slack channel. 1018 00:54:10,038 --> 00:54:10,872 [keyboard clacking] 1019 00:54:12,707 --> 00:54:14,417 [Robert] We were getting some backlash. 1020 00:54:15,669 --> 00:54:18,046 There was always, like, a troll that we had to shut up. 1021 00:54:18,588 --> 00:54:20,090 People say they don't have a CEO. 1022 00:54:20,173 --> 00:54:24,261 There's a few other things that people think there's a fraud involved here. 1023 00:54:24,344 --> 00:54:27,055 [Jacob] There was a post on a YouTube channel 1024 00:54:27,138 --> 00:54:29,683 breaking down everything on the website that didn't make sense. 1025 00:54:29,766 --> 00:54:32,978 I'm not too concerned about YouTube and Reddit. 1026 00:54:33,061 --> 00:54:34,562 We're not gonna engage with this. 1027 00:54:34,646 --> 00:54:35,814 [Jacob] When that came out, 1028 00:54:35,897 --> 00:54:39,359 Centra Tech offered money to take this down, 1029 00:54:39,442 --> 00:54:42,362 and then he took that, and he posted it onto Slack. 1030 00:54:44,239 --> 00:54:48,076 It's like, "Hey look. I just got offered by them money to take this down." 1031 00:54:50,078 --> 00:54:51,830 [suspenseful music continues] 1032 00:54:51,913 --> 00:54:56,293 [Robert] Every day there was somebody spreading FUD in all our chats. 1033 00:54:56,376 --> 00:54:58,211 Fear, uncertainty, and doubt. 1034 00:54:59,796 --> 00:55:03,591 And a lot of these trolls, we actually turned them into Centra believers. 1035 00:55:04,551 --> 00:55:06,886 [interviewer] Was that by paying them? 1036 00:55:06,970 --> 00:55:09,180 Did you pay them to remove unfavorable posts? 1037 00:55:10,390 --> 00:55:11,975 I don't know about that. [laughs] 1038 00:55:12,058 --> 00:55:14,477 [Ray] We were paying people off all day. That's all we did. 1039 00:55:14,561 --> 00:55:17,480 "I know this is all bullshit, but here's, you know, twenty grand." 1040 00:55:17,564 --> 00:55:19,316 "Can you fucking take this shit down?" 1041 00:55:20,442 --> 00:55:22,193 [Jacob] "Where did your partnerships go?" 1042 00:55:22,277 --> 00:55:24,738 "Where is the actual proof that this works?" 1043 00:55:25,405 --> 00:55:29,617 And as I continue to push that, uh, people were getting upset. 1044 00:55:29,701 --> 00:55:31,494 I feel bad for you guys. 1045 00:55:31,578 --> 00:55:33,496 You guys have nothing better to do with your lives 1046 00:55:33,580 --> 00:55:35,790 than try to troll a company. 1047 00:55:35,874 --> 00:55:38,585 [Jacob] They were basically saying, "Oh, I'm spreading FUD." 1048 00:55:39,085 --> 00:55:40,503 [Ray] Anytime that's in a chat room, 1049 00:55:40,587 --> 00:55:43,381 you're just trying to get that out of the chat room as fast as possible. 1050 00:55:43,465 --> 00:55:45,842 You know, some people, you can just tell right off the bat 1051 00:55:45,925 --> 00:55:47,177 they're not gonna be bought. 1052 00:55:47,260 --> 00:55:49,971 And they decided it would just be worth it to ban me 1053 00:55:50,055 --> 00:55:51,848 so I could no longer spread FUD. 1054 00:55:54,184 --> 00:55:56,436 I was extremely angry. 1055 00:55:56,519 --> 00:55:57,645 These people are awful. 1056 00:55:57,729 --> 00:55:59,731 [tense music playing] 1057 00:56:13,828 --> 00:56:17,582 I was a… I was a…a dirtbag when I was younger. 1058 00:56:17,665 --> 00:56:20,085 More like a Raymond Trapani, if you will. 1059 00:56:21,169 --> 00:56:23,797 A lot changed when I went on my first deployment 1060 00:56:23,880 --> 00:56:25,507 and experienced what I did. 1061 00:56:27,300 --> 00:56:28,385 [shell casing clinks] 1062 00:56:28,468 --> 00:56:29,719 I was in Afghanistan. 1063 00:56:30,804 --> 00:56:33,556 Loss takes you aback, 1064 00:56:33,640 --> 00:56:36,101 and you really have to question, what are you here for? 1065 00:56:36,768 --> 00:56:40,355 It just changed, uh, everything… pretty quickly. 1066 00:56:41,898 --> 00:56:45,360 We all have to grow at some point to have something to live for 1067 00:56:45,443 --> 00:56:46,444 other than money. 1068 00:56:47,153 --> 00:56:49,489 It can buy you a lot of things, but at the end of the day, 1069 00:56:49,572 --> 00:56:54,327 the… the person that you were in life will outlive the money that you have. 1070 00:56:56,704 --> 00:56:58,039 After I got banned, 1071 00:56:58,957 --> 00:57:01,501 I became obsessed with Centra and, uh, 1072 00:57:02,669 --> 00:57:04,504 absolutely wanted to take them down. 1073 00:57:05,088 --> 00:57:06,047 [gun fires] 1074 00:57:09,676 --> 00:57:12,137 Yeah, it was a personal vendetta at that point. 1075 00:57:12,220 --> 00:57:14,222 [tense music continues] 1076 00:57:20,979 --> 00:57:24,816 [man on video] So the two main guys who recently completed the Centra ICO, 1077 00:57:24,899 --> 00:57:28,278 they're basically just scam artists. So be careful. 1078 00:57:29,154 --> 00:57:32,365 [Ray] You know, day-to-day, there would be people making YouTube videos 1079 00:57:32,449 --> 00:57:36,077 about how Centra is doing this wrong, and these contracts aren't real. 1080 00:57:36,161 --> 00:57:39,330 You know, at that moment I remember just thinking in my head, like, 1081 00:57:39,414 --> 00:57:40,957 this is the end of it. 1082 00:57:43,960 --> 00:57:46,588 And, out of nowhere… 1083 00:57:46,671 --> 00:57:49,299 [hopeful music playing] 1084 00:57:52,927 --> 00:57:54,596 …fucking South Korea. 1085 00:58:02,770 --> 00:58:05,648 [Robert] Bitsset, a South Korean company. 1086 00:58:08,443 --> 00:58:11,112 There wasn't a lot of information about them, 1087 00:58:11,196 --> 00:58:12,822 but we knew they had a lot of money. 1088 00:58:12,906 --> 00:58:17,160 They loved Centra Tech, and they wanted to help us grow in the Asian market. 1089 00:58:17,827 --> 00:58:20,330 [Ray] They'll invest five million dollars upfront, 1090 00:58:20,413 --> 00:58:23,666 and then you guys will come to Korea and show us proof of concept, 1091 00:58:23,750 --> 00:58:25,251 and then we'll invest the rest. 1092 00:58:25,752 --> 00:58:28,046 So they invested five million. 1093 00:58:28,129 --> 00:58:30,006 And from there, we're like, 1094 00:58:30,089 --> 00:58:33,843 "All right, we're going to fly down to Korea and get the shit going." So… 1095 00:58:34,719 --> 00:58:37,597 [interviewer] You were like, "We have to have an app now." 1096 00:58:38,848 --> 00:58:39,974 [uplifting music playing] 1097 00:58:40,058 --> 00:58:41,017 [Ray] Yeah, yeah, yeah. 1098 00:58:41,100 --> 00:58:44,270 We had already created a fake app for other presentations, 1099 00:58:44,854 --> 00:58:48,775 so that we could make a video and show that on the app, "Oh, look…" 1100 00:58:48,858 --> 00:58:50,360 [whirs, beeps] 1101 00:58:50,443 --> 00:58:54,113 "The correct amount of Bitcoin is being removed after I swipe my card." 1102 00:58:56,783 --> 00:58:58,493 But we needed a better fake app. 1103 00:58:58,576 --> 00:59:00,578 [gentle music playing] 1104 00:59:02,288 --> 00:59:06,709 We were given task. "Can you create us interface when we press a button, 1105 00:59:06,793 --> 00:59:08,878 that it proves the concept that works?" 1106 00:59:08,962 --> 00:59:11,506 We were building the application with the deadline. 1107 00:59:11,589 --> 00:59:15,218 At that one moment they told us they will go to Korea to test the application. 1108 00:59:15,301 --> 00:59:17,887 They were worried about will this work. 1109 00:59:19,472 --> 00:59:24,310 To prove the concept that works, he had people in-house to enter data manually. 1110 00:59:25,812 --> 00:59:27,772 I'm not sure you can count it as fake. 1111 00:59:28,815 --> 00:59:31,526 It was working but not scalable. 1112 00:59:32,610 --> 00:59:33,945 It's just a prototype. 1113 00:59:35,113 --> 00:59:37,824 [Ray] We put our whole technology team. 1114 00:59:37,907 --> 00:59:39,742 We took their focus off the real app 1115 00:59:40,243 --> 00:59:42,620 and made them focus on building a fake app… 1116 00:59:44,455 --> 00:59:47,959 that would work in real-time when Sorbee was going to Korea. 1117 00:59:48,459 --> 00:59:50,837 [interviewer] Why not have them keep focusing on the real app? 1118 00:59:50,920 --> 00:59:51,838 [laughs] 1119 00:59:51,921 --> 00:59:54,716 I was just sitting there like, "Oh shit, Korea." 1120 00:59:54,799 --> 00:59:56,217 [gentle music continues] 1121 01:00:00,388 --> 01:00:01,848 [Ray] I was not going to South Korea. 1122 01:00:01,931 --> 01:00:04,517 I don't really like going into foreign territories 1123 01:00:04,601 --> 01:00:07,812 when, you know, you're not doing something that's legitimate. 1124 01:00:11,566 --> 01:00:13,109 Sounds risky. [sighs] 1125 01:00:13,192 --> 01:00:14,652 We send Sorbee. 1126 01:00:14,736 --> 01:00:17,155 [Robert] He was like, "Hold down the office. I'm out of here." 1127 01:00:17,238 --> 01:00:19,449 He just jumped on a flight and went there by himself. 1128 01:00:20,867 --> 01:00:22,035 They don't have dick. 1129 01:00:22,535 --> 01:00:25,330 So they make an app that charges your debit card 1130 01:00:25,413 --> 01:00:28,082 and makes it seem like it's spending your crypto directly. 1131 01:00:28,166 --> 01:00:29,334 [Ray] We take that debit card. 1132 01:00:29,417 --> 01:00:32,253 We send it to a guy in California, made it into a metal Centra Card. 1133 01:00:32,337 --> 01:00:34,964 Now we have this metal Centra Card that when we swipe it, 1134 01:00:35,048 --> 01:00:36,966 it just takes money from our bank account. 1135 01:00:37,050 --> 01:00:40,970 We would just press a button so that it presents as it's a real app 1136 01:00:41,054 --> 01:00:42,305 and it's working correctly. 1137 01:00:42,388 --> 01:00:46,684 So on our end, we just had to do all those transactions behind the scenes. 1138 01:00:46,768 --> 01:00:50,188 So we're going to transfer that value that you guys, you know… 1139 01:00:50,271 --> 01:00:51,898 [Ray] So now he's down in Korea. 1140 01:00:51,981 --> 01:00:53,066 …we're also going to… 1141 01:00:53,149 --> 01:00:55,360 [Ray] Now he has to do a filmed presentation 1142 01:00:55,443 --> 01:00:57,111 in front of their team. 1143 01:00:59,781 --> 01:01:02,575 I believe that a partnership with Centra Tech and Bitsset 1144 01:01:02,659 --> 01:01:04,410 will be powerful in the Asian market 1145 01:01:04,494 --> 01:01:07,038 as well as promotion of cryptocurrencies worldwide. 1146 01:01:07,121 --> 01:01:09,540 [man in Korean] When you search Centra on the internet, 1147 01:01:09,624 --> 01:01:11,876 many people say it's a scam. 1148 01:01:11,959 --> 01:01:14,087 Why do they think that? 1149 01:01:14,170 --> 01:01:17,131 And what are your thoughts regarding the accusation? 1150 01:01:18,007 --> 01:01:21,511 [Sorbee in English] A lot of the accusations came from competitors 1151 01:01:21,594 --> 01:01:23,971 that felt that our product was a threat. 1152 01:01:24,055 --> 01:01:27,350 The Centra Card is the world's best cryptocurrency debit card. 1153 01:01:27,433 --> 01:01:29,102 These accusations are false. 1154 01:01:29,185 --> 01:01:30,561 It was pretty stressful. [chuckles] 1155 01:01:31,646 --> 01:01:34,107 [Ray] He was all excited. He got his game face on. 1156 01:01:34,190 --> 01:01:37,694 Hyping him up though text messages, "You got this, you're gonna kill it." 1157 01:01:37,777 --> 01:01:40,738 [Robert] This was his audition to, like, lock in this company 1158 01:01:40,822 --> 01:01:42,281 and… and seal the deal. 1159 01:01:42,365 --> 01:01:44,492 [indistinct chatter] 1160 01:01:46,327 --> 01:01:48,705 When he's doing the presentation with Bitsset… 1161 01:01:53,918 --> 01:01:55,586 [tense music playing] 1162 01:01:55,670 --> 01:01:56,879 …we press the button… 1163 01:02:01,050 --> 01:02:03,010 and it didn't correct on the app. 1164 01:02:03,511 --> 01:02:04,971 It didn't work at all. 1165 01:02:05,722 --> 01:02:07,974 Live performance in a foreign country. 1166 01:02:08,558 --> 01:02:10,351 [tense music continues] 1167 01:02:10,435 --> 01:02:12,103 I was sweating. 1168 01:02:12,812 --> 01:02:14,564 [Ray] And then we lost contact. 1169 01:02:15,732 --> 01:02:17,650 [Robert] We have no idea what's going on. 1170 01:02:18,693 --> 01:02:20,403 [Ray] What the fuck is going on? 1171 01:02:20,486 --> 01:02:21,779 [clock ticking] 1172 01:02:23,573 --> 01:02:26,284 Three hours pass, and we're in shock. We're like, "Fuck." 1173 01:02:26,367 --> 01:02:28,828 [Robert] We're over here hoping he makes it out alive. 1174 01:02:29,996 --> 01:02:32,415 Is he gonna be killed? We thought he was dead. 1175 01:02:32,498 --> 01:02:36,085 [clock ticking] 1176 01:02:40,715 --> 01:02:42,759 [tense music intensifies] 1177 01:02:42,842 --> 01:02:43,676 Finally… 1178 01:02:46,012 --> 01:02:47,096 [music fades] 1179 01:02:47,180 --> 01:02:48,055 he texts us. 1180 01:02:48,139 --> 01:02:49,098 [cellphone chimes] 1181 01:02:51,100 --> 01:02:52,769 "Yo. That shit didn't work." 1182 01:02:54,645 --> 01:02:57,190 "But, um, they're still gonna invest." 1183 01:02:58,274 --> 01:03:00,485 ["Going Off" by P-Lo playing] 1184 01:03:00,568 --> 01:03:03,112 ♪ P-P-P-Lo, time to bring the bass back ♪ 1185 01:03:04,322 --> 01:03:05,656 ♪ Ayy, ouu-woo-woo-woo ♪ 1186 01:03:05,740 --> 01:03:07,617 ♪ Ayy, yeah ♪ 1187 01:03:07,700 --> 01:03:09,118 ♪ First off let me say… ♪ 1188 01:03:09,702 --> 01:03:13,414 That same day, they invested another $15 million in our company. 1189 01:03:14,415 --> 01:03:16,793 ♪ Rep the coast but still it for the bay ♪ 1190 01:03:16,876 --> 01:03:21,172 Somehow he just talked them into being complicit in this whole operation. 1191 01:03:21,756 --> 01:03:23,216 [exhales, laughs] 1192 01:03:23,800 --> 01:03:25,885 ♪ If you thinkin' that I need you Never need one ♪ 1193 01:03:25,968 --> 01:03:28,638 [Ray] He tells us that, you know, they're actually editing the video 1194 01:03:28,721 --> 01:03:30,348 to make it look like it worked. 1195 01:03:30,848 --> 01:03:32,517 ♪ I ain't got no time to hang ♪ 1196 01:03:32,600 --> 01:03:34,310 ♪ Like, I need cheese ♪ 1197 01:03:34,393 --> 01:03:37,438 If they're going to be down and complicit in this whole thing, 1198 01:03:37,522 --> 01:03:39,065 fuck it, like, let it be. 1199 01:03:40,274 --> 01:03:42,026 Our new partners, Bitsset. 1200 01:03:42,109 --> 01:03:43,945 ♪ I'm just tryna get my point across ♪ 1201 01:03:44,028 --> 01:03:45,279 ♪ I'm going off ♪ 1202 01:03:45,988 --> 01:03:47,323 ♪ God ♪ 1203 01:03:48,282 --> 01:03:49,408 ♪ I'm going off ♪ 1204 01:03:51,869 --> 01:03:52,912 ♪ Three, two, one ♪ 1205 01:03:52,995 --> 01:03:54,330 ♪ I'm going off ♪ 1206 01:03:55,331 --> 01:03:56,207 ♪ God ♪ 1207 01:03:57,667 --> 01:03:58,626 ♪ I'm going off ♪ 1208 01:04:01,170 --> 01:04:02,463 [song ends] 1209 01:04:03,589 --> 01:04:07,927 [Popper] In a sense, Centra was the story of crypto itself, 1210 01:04:08,511 --> 01:04:12,723 which is an endeavor that has something real underneath it, 1211 01:04:12,807 --> 01:04:17,478 but keeps failing and keeps running into problems. 1212 01:04:17,562 --> 01:04:20,314 And yet, people keep coming back to it. 1213 01:04:20,398 --> 01:04:26,529 There's something so alluring there that people can't give up on the promise. 1214 01:04:28,281 --> 01:04:31,284 And… And part of that promise is just the simple one 1215 01:04:31,367 --> 01:04:33,244 that you can get rich quickly. 1216 01:04:34,328 --> 01:04:36,122 [Ray] We had that ICO at such a perfect time. 1217 01:04:36,205 --> 01:04:38,040 Everyday Ethereum was going up in price, 1218 01:04:38,124 --> 01:04:40,334 and every day they're investing that Ethereum into Centra. 1219 01:04:40,418 --> 01:04:42,920 -[cash register dings] -Boom. [laughs] 1220 01:04:43,004 --> 01:04:44,422 [car engine revving] 1221 01:04:44,505 --> 01:04:46,757 I could not have seen a better life for me. 1222 01:04:50,094 --> 01:04:51,762 I never wanted that to stop. 1223 01:04:51,846 --> 01:04:54,223 [ethereal music playing] 1224 01:05:09,322 --> 01:05:10,656 [Popper] The strangest thing to me 1225 01:05:10,740 --> 01:05:13,576 is that neither of you have any experience in blockchain. 1226 01:05:13,659 --> 01:05:15,578 How did you decide to go into this business? 1227 01:05:15,661 --> 01:05:18,998 [Ray] Me and Sam have been, you know, kind of little nerds since we were young. 1228 01:05:19,081 --> 01:05:21,083 You know, we always loved computers and whatnot. 1229 01:05:21,167 --> 01:05:22,335 [Popper] I kept thinking 1230 01:05:22,418 --> 01:05:24,754 that once I started asking harder questions, 1231 01:05:24,837 --> 01:05:28,758 they were gonna shut down and realize this was not going to be good for them. 1232 01:05:28,841 --> 01:05:31,010 [popcorn popping] 1233 01:05:31,093 --> 01:05:36,057 And again, I think they actually started to believe their own excuses. 1234 01:05:36,682 --> 01:05:37,516 [beeps] 1235 01:05:40,436 --> 01:05:42,605 [mellow music playing] 1236 01:05:42,688 --> 01:05:44,690 [keyboard clacking] 1237 01:06:01,958 --> 01:06:04,085 [Kerri] I was actually at my mother's house. 1238 01:06:05,795 --> 01:06:07,797 And we all kind of read it at the same time, 1239 01:06:07,880 --> 01:06:09,507 and we all said this is not good. 1240 01:06:10,174 --> 01:06:13,052 [Ray] I'm reading it, and I was just, like, in disbelief. 1241 01:06:15,096 --> 01:06:18,724 At the time, I hoped no one's gonna actually read the article. 1242 01:06:19,600 --> 01:06:21,185 [upbeat music playing] 1243 01:06:31,278 --> 01:06:32,238 [upbeat music ends] 1244 01:06:32,321 --> 01:06:35,449 -[somber music playing] -[birds chirping] 1245 01:06:38,577 --> 01:06:42,248 [Jacob] I wrote an email to my lawyer. I was like, "Did you see this?" 1246 01:06:43,165 --> 01:06:46,877 Right afterwards, I sold everything because I knew that there was no more. 1247 01:06:48,129 --> 01:06:49,839 I took a considerable loss. 1248 01:06:50,548 --> 01:06:51,424 [Jacob sighs] 1249 01:06:51,507 --> 01:06:53,300 -Fuck. -[dog whimpering] 1250 01:06:53,384 --> 01:06:54,301 [laptop closes] 1251 01:06:57,263 --> 01:06:59,348 [Ray] "A basic background check would have turned out 1252 01:06:59,432 --> 01:07:02,560 the numerous run-ins with the law the company president has had." 1253 01:07:03,060 --> 01:07:04,729 "The boxer's endorsement of Centra, 1254 01:07:04,812 --> 01:07:08,357 along with similar endorsement from popular rapper DJ Khaled, 1255 01:07:09,025 --> 01:07:11,444 lent a patina of credibility to a project 1256 01:07:11,527 --> 01:07:13,654 that ended up with more than a few problems, 1257 01:07:13,738 --> 01:07:17,324 including a chief executive who does not appear to have been a real person, 1258 01:07:17,408 --> 01:07:19,285 and a shaky, fast-shifting business plan." 1259 01:07:19,368 --> 01:07:22,038 [Jonny] I remember him calling me, and he was livid. 1260 01:07:22,121 --> 01:07:23,748 And he was like, "I'm gonna sue 'em." 1261 01:07:23,831 --> 01:07:26,751 I'm like, "You're gonna sue the New York Times?" 1262 01:07:26,834 --> 01:07:28,377 And I was like, "Good luck, man." 1263 01:07:28,461 --> 01:07:31,297 "I don't think it's gonna work out the way you think it is." 1264 01:07:31,839 --> 01:07:34,425 [Robert] The author was gonna write a slander piece no matter what. 1265 01:07:34,508 --> 01:07:36,469 His whole mentality was, 1266 01:07:36,552 --> 01:07:40,097 anyone involved in crypto is a degenerate, and they need to be exposed. 1267 01:07:40,181 --> 01:07:42,058 He just had his sights set on us. 1268 01:07:45,895 --> 01:07:49,023 [Ray] Farkas set up the whole article, and I'm like, 1269 01:07:49,106 --> 01:07:51,275 "Did you not ask, like, what they're writing about?" 1270 01:07:51,358 --> 01:07:55,863 You know, like, "You just agreed to do this article and take pictures, 1271 01:07:55,946 --> 01:07:59,241 and fucking you didn't ask what this article is about at all?" 1272 01:07:59,325 --> 01:08:01,285 [interviewer] Why didn't you ask what it was about? 1273 01:08:01,368 --> 01:08:03,370 He had already spoken to the New York Times. 1274 01:08:03,454 --> 01:08:07,041 You know, he was the person that we had put in charge of doing tests like that. 1275 01:08:08,000 --> 01:08:10,002 [Robert] Ray blames me for not vetting him? 1276 01:08:10,086 --> 01:08:13,923 I don't think Ray remembers where he was in 2017. 1277 01:08:14,548 --> 01:08:15,883 He was high as a kite. 1278 01:08:16,425 --> 01:08:21,013 [Ray] He's dumb, naive, all of the above. He was just a yes-man, right? 1279 01:08:21,097 --> 01:08:24,892 He had no experience in any sort of thing that required you to use your brain. 1280 01:08:24,975 --> 01:08:25,935 Fuck him. 1281 01:08:27,144 --> 01:08:28,854 I think just speaking to Ray 1282 01:08:29,438 --> 01:08:31,774 pissed him off even more because he realized that 1283 01:08:32,983 --> 01:08:34,610 he's not a… a good guy. 1284 01:08:38,531 --> 01:08:39,782 [music fades] 1285 01:08:39,865 --> 01:08:42,076 [man] The New York Times article was really important. 1286 01:08:42,159 --> 01:08:44,203 When things get that kind of public attention, 1287 01:08:44,286 --> 01:08:47,248 and there's that big of a question about whether something's real, 1288 01:08:47,331 --> 01:08:49,333 and when people are raising a lot of money, 1289 01:08:49,416 --> 01:08:50,835 that makes the SEC interested. 1290 01:08:50,918 --> 01:08:53,712 There was an aspect of Centra that was really brazen. 1291 01:08:53,796 --> 01:08:58,676 They were saying things that did not take a lot of work to prove were not true, 1292 01:08:58,759 --> 01:09:01,512 like relationships with credit card companies and banks. 1293 01:09:01,595 --> 01:09:04,807 Using photos of fake people with fake biographies 1294 01:09:04,890 --> 01:09:07,518 and thinking that that was going to work long term. 1295 01:09:07,601 --> 01:09:10,896 It's just hard to understand how anyone would think that would work. 1296 01:09:10,980 --> 01:09:12,231 And maybe they were joking, 1297 01:09:12,314 --> 01:09:15,276 but to make up a story that the CEO died in an accident… 1298 01:09:16,569 --> 01:09:20,072 that that would work, it… it's just hard to imagine. 1299 01:09:20,156 --> 01:09:23,033 We are fully on board with any regulatory bodies 1300 01:09:23,117 --> 01:09:24,869 to make sure everything's done correctly. 1301 01:09:24,952 --> 01:09:28,747 Centra's here to last for a long time. We're doing everything we can by the book. 1302 01:09:29,373 --> 01:09:32,877 [Ray] Centra was completely illegitimate nonsense at first. 1303 01:09:32,960 --> 01:09:35,337 But once we started generating millions of dollars, 1304 01:09:35,421 --> 01:09:38,132 we saw that there was actually a chance to go fully legit. 1305 01:09:38,215 --> 01:09:40,384 [Robert] We needed a good lawyer to help us get there. 1306 01:09:40,467 --> 01:09:41,302 [phone ringing] 1307 01:09:41,385 --> 01:09:43,804 The main thing we had Eric Pope work on 1308 01:09:43,888 --> 01:09:46,974 was making sure that Centracoins weren't securities. 1309 01:09:48,184 --> 01:09:51,270 Because we didn't want to be in hot water with the SEC. 1310 01:09:56,066 --> 01:09:57,735 Our secretary got the mail, 1311 01:09:57,818 --> 01:10:01,447 and there was a 500-page subpoena from the SEC. 1312 01:10:02,198 --> 01:10:04,700 We're a company that wants to comply, um, 1313 01:10:04,783 --> 01:10:08,037 with the laws and regulations here in the United States. 1314 01:10:08,120 --> 01:10:11,165 That's when we hired in-house counsel, Allan Shutt. 1315 01:10:11,248 --> 01:10:13,709 General Counsel and Chief Compliance Officer at Centra Tech. 1316 01:10:13,792 --> 01:10:18,214 Allan Shutt started asking questions about who our legal counsel was. 1317 01:10:18,297 --> 01:10:20,466 And we told him, "Hey, listen, it's this guy Eric Pope 1318 01:10:20,549 --> 01:10:22,218 from Water Street in Manhattan." 1319 01:10:22,301 --> 01:10:25,763 [Ray] "Who has, like, 20 years of business experience as a lawyer." 1320 01:10:25,846 --> 01:10:29,516 [Robert] "His website's beautiful. He's quick on the phone. He's perfect." 1321 01:10:30,267 --> 01:10:31,143 Uh… 1322 01:10:31,227 --> 01:10:33,812 And he said, "Okay, I can't find his bar license." 1323 01:10:35,940 --> 01:10:37,107 "What do you mean?" 1324 01:10:37,191 --> 01:10:38,400 Um… 1325 01:10:38,484 --> 01:10:41,695 And he said, "This guy's a fraudster." "What are you talking about?" 1326 01:10:42,696 --> 01:10:43,864 "It's a scam." 1327 01:10:44,365 --> 01:10:49,411 Eric Pope ended up being a college kid from Virginia… 1328 01:10:49,495 --> 01:10:51,413 -Hey, are you going to the party later? -[exhales] 1329 01:10:51,997 --> 01:10:53,582 -Uh… No. -Okay. 1330 01:10:54,250 --> 01:10:55,834 [Robert] …named John Lambert. 1331 01:10:56,669 --> 01:10:58,504 [gun firing in video game] 1332 01:10:59,672 --> 01:11:03,634 I see Donald Trump as reviving the Republican Party. 1333 01:11:04,593 --> 01:11:07,388 [Robert] And he was one of the founders of Students for Trump. 1334 01:11:08,597 --> 01:11:11,141 [Ray] He was in college. You know, we… we paid him. 1335 01:11:12,142 --> 01:11:14,937 And so we got finessed by this young college kid 1336 01:11:15,020 --> 01:11:18,774 into believing we were abiding by the SEC's rules. 1337 01:11:18,857 --> 01:11:20,067 [phone ringing] 1338 01:11:20,150 --> 01:11:23,654 Just take it off your website and abide by the cease-and-desist, no problem. 1339 01:11:24,363 --> 01:11:25,614 You're a utility token. 1340 01:11:26,198 --> 01:11:29,743 Most companies start with a vision, and they build it into a reality. 1341 01:11:29,827 --> 01:11:32,746 [Robert] All the emails he sent us with the SEC were fake. 1342 01:11:33,539 --> 01:11:35,582 Everything was… was a lie. 1343 01:11:35,666 --> 01:11:37,543 It was, like, this young kid… [laughs] 1344 01:11:37,626 --> 01:11:38,460 Fucking maniac. 1345 01:11:38,544 --> 01:11:42,298 My partner thought it was a legit lawyer the whole time he was talking to him, 1346 01:11:42,381 --> 01:11:45,884 and he basically scammed a company that was already scamming. 1347 01:11:45,968 --> 01:11:47,428 -It was-- -[man] Double scamming. 1348 01:11:47,511 --> 01:11:50,306 -He was scamming the scammer, huh? -Yeah, crazy. 1349 01:11:54,101 --> 01:11:56,854 [Cohen] The SEC will build the foundation of the case, 1350 01:11:56,937 --> 01:12:00,983 and then the FBI and Department of Justice sort of takes that foundation, 1351 01:12:01,066 --> 01:12:02,943 and then they go forward on the criminal side. 1352 01:12:04,403 --> 01:12:07,156 [man] I read Nathaniel Popper's New York Times article, 1353 01:12:07,239 --> 01:12:11,118 where there's a photo of the three co-founders of Centra Tech. 1354 01:12:11,201 --> 01:12:14,455 And they're in these snazzy suits, and they look very happy. 1355 01:12:14,538 --> 01:12:18,208 It's like giving a middle finger to the FBI and saying, "Come get me." 1356 01:12:19,168 --> 01:12:23,005 There was rampant fraud going on in this market. 1357 01:12:23,088 --> 01:12:24,840 Way, way too many cases. 1358 01:12:24,923 --> 01:12:29,386 We were just looking for what are the most egregious examples of conduct, 1359 01:12:29,470 --> 01:12:31,889 where we need to send a… a message to the market. 1360 01:12:32,848 --> 01:12:35,351 When you're sitting there as a prosecutor, your first thought is, 1361 01:12:35,434 --> 01:12:37,311 "Maybe there's an explanation for some of this." 1362 01:12:37,394 --> 01:12:38,896 "Maybe they did have a license." 1363 01:12:38,979 --> 01:12:41,231 "Maybe Mike Edwards is a real person." 1364 01:12:41,815 --> 01:12:43,734 [anchor] Basically, he got compensation to promote 1365 01:12:43,817 --> 01:12:46,528 this initial coin offering and didn't disclose it. 1366 01:12:46,612 --> 01:12:50,949 [Cohen] The SEC filed complaints against DJ Khaled and Floyd Mayweather. 1367 01:12:51,033 --> 01:12:54,244 They had to give back the money they'd been paid for these promotions. 1368 01:12:54,328 --> 01:12:55,871 They also paid penalties. 1369 01:12:56,497 --> 01:13:01,210 After that, Centra started taking actions to try and hide things right away. 1370 01:13:01,293 --> 01:13:02,961 Money started going out of accounts. 1371 01:13:03,045 --> 01:13:05,923 And that really accelerated everything coming apart. 1372 01:13:06,840 --> 01:13:09,760 -[interviewer] Were you nervous, man? -Nah, nothing really fazed me at all. 1373 01:13:09,843 --> 01:13:12,679 I had so many-- Xanax makes you not really feel anything. 1374 01:13:15,891 --> 01:13:18,102 [Jacob] One day, I got messaged. 1375 01:13:19,645 --> 01:13:22,815 "Hey, do you know of Centra Tech? We're gonna file a lawsuit." 1376 01:13:23,941 --> 01:13:27,736 I ended up contacting them and saying, "Hey, listen, I collected all this data." 1377 01:13:27,820 --> 01:13:30,739 And I… I presented all the information. 1378 01:13:30,823 --> 01:13:32,658 And they said, "Hey, you're the right guy." 1379 01:13:32,741 --> 01:13:35,119 "Would you represent this class action lawsuit?" 1380 01:13:35,744 --> 01:13:38,622 I did accept the role of becoming the lead plaintiff. 1381 01:13:38,705 --> 01:13:40,999 [dramatic music playing] 1382 01:13:41,083 --> 01:13:44,086 The SEC would eventually use our information 1383 01:13:44,169 --> 01:13:47,214 from our lawsuit to take down Centra Tech. 1384 01:13:47,881 --> 01:13:50,342 [Cohen] The SEC worked together with the Department of Justice 1385 01:13:50,426 --> 01:13:53,762 to put together a case so that the FBI could go arrest these guys. 1386 01:13:54,763 --> 01:13:58,767 This was the first big, high-profile fraud case 1387 01:13:58,851 --> 01:14:01,228 that the SEC brought in the cryptocurrency world. 1388 01:14:03,772 --> 01:14:06,275 [Ray] When the SEC investigation was going on… 1389 01:14:07,901 --> 01:14:12,573 me and Sorbee were fighting over debt that we had made from Miami Exotics. 1390 01:14:13,782 --> 01:14:15,534 I go to Sorbee, and I'm like, 1391 01:14:15,617 --> 01:14:18,036 "Yo, we have to take, you know, half a million dollars, 1392 01:14:18,120 --> 01:14:20,330 pay off all this debt that I had sitting there." 1393 01:14:20,831 --> 01:14:23,709 I just wanted to pay that all off because it was all in my family's name. 1394 01:14:23,792 --> 01:14:27,379 Let's take, you know $500,000 in Ethereum. I'll cash it out, 1395 01:14:27,463 --> 01:14:30,549 pay all my family's debt that we had built together. 1396 01:14:30,632 --> 01:14:31,467 Only fair. 1397 01:14:32,342 --> 01:14:34,052 I wanted it to come from Centra. 1398 01:14:34,136 --> 01:14:35,846 He says, "Yo, go fuck yourself." 1399 01:14:35,929 --> 01:14:38,891 I almost got in a fistfight with him, like, in the office. 1400 01:14:38,974 --> 01:14:42,936 If Sorbee had paid that debt, I swear I would have never fucked him. 1401 01:14:44,188 --> 01:14:46,982 I stepped down from the company. I was like, "Fuck you." 1402 01:14:48,525 --> 01:14:52,196 I just started cashing out millions of dollars in Centracoin myself. 1403 01:14:52,696 --> 01:14:56,200 I mean, it was bad. You know, everything was crazy. 1404 01:14:56,742 --> 01:15:01,580 Bill, Pop, knew nothing about everything that was going on, how bad it was. 1405 01:15:03,081 --> 01:15:05,417 [Kerri] He was very sick. He was having chemotherapy. 1406 01:15:05,501 --> 01:15:06,752 He had brain surgery. 1407 01:15:07,461 --> 01:15:09,379 [music ends] 1408 01:15:10,047 --> 01:15:11,798 My father died in the middle of it. 1409 01:15:14,092 --> 01:15:16,094 [somber music playing] 1410 01:15:17,429 --> 01:15:19,139 [young Ray] Whoa, we're high. 1411 01:15:19,223 --> 01:15:21,558 Oh, that's awesome. Look at that. 1412 01:15:21,642 --> 01:15:22,476 [Pop] You like this? 1413 01:15:22,559 --> 01:15:23,810 [Kerri] He totally loved Ray. 1414 01:15:24,478 --> 01:15:26,355 You know, and he loved my father. 1415 01:15:26,855 --> 01:15:29,149 -[Pop] Say hello to Pop. Look at me. -[Ray] Hello. 1416 01:15:30,192 --> 01:15:31,527 [Pop] Say, "Hello, Poparoo." 1417 01:15:36,698 --> 01:15:38,116 Ray was devastated. 1418 01:15:39,701 --> 01:15:41,537 [Ray] I'm going off on a bender. 1419 01:15:41,620 --> 01:15:44,122 [Kerri] He was in, like, the height of addiction. 1420 01:15:44,831 --> 01:15:46,833 Yeah, I mean, it-- I was fearful. 1421 01:15:49,086 --> 01:15:51,630 Taking Xanax like they were M&M's. 1422 01:15:56,843 --> 01:15:58,845 At that point, I was like, "Fuck this company." 1423 01:15:58,929 --> 01:16:01,473 I'm gambling every day, doing drugs every day. 1424 01:16:01,557 --> 01:16:03,225 And, you know, why work? 1425 01:16:03,308 --> 01:16:06,186 I don't have any more responsibility, and I have all this money. 1426 01:16:09,064 --> 01:16:11,984 I'm playing a high-stakes poker game, and Sorbee calls me. 1427 01:16:12,776 --> 01:16:14,111 [tense music playing] 1428 01:16:18,365 --> 01:16:20,325 And he tells me he got arrested for security fraud. 1429 01:16:27,791 --> 01:16:29,793 You know, I'm like, "I'm fucked," of course, 1430 01:16:29,876 --> 01:16:32,337 but, you know, I… I try to think positive. 1431 01:16:32,421 --> 01:16:36,258 I'm pretty good at compartmentalizing and thinking positive in any given moment. 1432 01:16:36,341 --> 01:16:37,926 Before I left the casino that day, 1433 01:16:38,010 --> 01:16:40,846 I just took as many drugs as possible to kind of make sure 1434 01:16:40,929 --> 01:16:44,516 if I'm getting arrested, I'm gonna be high when I get arrested. 1435 01:16:45,017 --> 01:16:47,102 [sirens wailing] 1436 01:16:47,769 --> 01:16:49,771 [brakes screeching] 1437 01:16:57,487 --> 01:16:59,406 [Kerri] His attorney called me, 1438 01:16:59,489 --> 01:17:01,533 and she said, "You know, I have bad news." 1439 01:17:01,617 --> 01:17:04,411 "He's facing like 240 years in federal prison." 1440 01:17:05,370 --> 01:17:08,457 Man, this is some scary stuff, you know? 1441 01:17:09,333 --> 01:17:10,584 I was terrified for him. 1442 01:17:11,668 --> 01:17:13,045 I didn't wanna lose my son. 1443 01:17:14,129 --> 01:17:18,091 Centra are accused of masterminding a fraudulent initial coin offering, 1444 01:17:18,175 --> 01:17:22,512 that Centra offered a debit card it said was backed by Visa and MasterCard. 1445 01:17:22,596 --> 01:17:26,016 But the SEC says that Centra had no relationship with either company. 1446 01:17:26,683 --> 01:17:30,646 [Jacob] It felt good to know that justice was gonna get served in some capacity. 1447 01:17:30,729 --> 01:17:33,523 [interviewer] Did you feel like you had played a part in that? 1448 01:17:34,024 --> 01:17:37,611 Absolutely. SEC, Homeland Security, they were using our case. 1449 01:17:38,111 --> 01:17:42,324 I was charged with security fraud, conspiracy to commit security fraud, 1450 01:17:42,407 --> 01:17:45,327 wire fraud, and conspiracy to commit wire fraud. 1451 01:17:46,244 --> 01:17:48,997 And at that point, I start, like, reaching out to my lawyers, 1452 01:17:49,081 --> 01:17:51,083 and I'm like, "What's going on here?" 1453 01:17:51,166 --> 01:17:54,711 They were like, "Well, what you can do is you can cooperate if you want." 1454 01:17:54,795 --> 01:17:59,174 I tell my lawyer, I'm like, "I would 100% cooperate, no problem, whatever it takes." 1455 01:17:59,257 --> 01:18:02,552 And I met with them to try to cooperate, and they were like, 1456 01:18:02,636 --> 01:18:05,472 "You're… You can't even speak you're on so many drugs." 1457 01:18:05,555 --> 01:18:08,475 "Like, how you gonna cooperate?" And they sent me to rehab. 1458 01:18:19,486 --> 01:18:20,904 I've been to rehab 13 times. 1459 01:18:21,571 --> 01:18:24,991 But this time, you know, I was just like, "You know what? Fuck it. I'm done." 1460 01:18:30,497 --> 01:18:33,709 Today is my sentencing for 11 felonies. 1461 01:18:35,502 --> 01:18:36,920 Facing over 100 years. 1462 01:18:39,005 --> 01:18:42,718 The biggest thing is to have the judge believe you're not gonna do more crime. 1463 01:18:43,969 --> 01:18:46,221 The whole point of putting someone in jail is to make it 1464 01:18:46,304 --> 01:18:49,141 so they don't commit more crimes and hurt the, uh, the community, 1465 01:18:49,224 --> 01:18:50,392 or whatever the fuck they say. 1466 01:18:50,976 --> 01:18:53,270 [lawyer] So how is the baby? 1467 01:18:53,353 --> 01:18:55,605 [Ray] My wife is actually in the hospital. [chuckles] 1468 01:18:56,189 --> 01:18:59,359 -[lawyer] No way, dude. -Yeah, her water broke this morning. 1469 01:18:59,443 --> 01:19:01,611 -[lawyer] Oh my God. -Yeah, I took her to the hospital. 1470 01:19:01,695 --> 01:19:03,530 [lawyer] Do you want to go to the hospital? 1471 01:19:03,613 --> 01:19:05,949 -[Ray] I'm gonna go after. -[lawyer] Is she going to make it? 1472 01:19:06,032 --> 01:19:07,242 Yeah, I mean, her water broke. 1473 01:19:07,325 --> 01:19:10,412 She thinks she's gonna be there all day, but she doesn't want me… Like… 1474 01:19:10,495 --> 01:19:13,415 No one wants me to delay this court date. She doesn't want me to. 1475 01:19:13,498 --> 01:19:15,500 [intriguing music playing] 1476 01:19:18,962 --> 01:19:20,422 Do I look like a criminal? 1477 01:19:22,257 --> 01:19:24,968 I met my wife while I had an ankle bracelet on. 1478 01:19:27,471 --> 01:19:30,223 I felt like she was the one, and I… I ran with it. 1479 01:19:31,600 --> 01:19:33,560 Like, within a month, she was pregnant. 1480 01:19:34,603 --> 01:19:35,854 It wasn't a planned thing. 1481 01:19:35,937 --> 01:19:38,482 Obviously, like, you know, you're finishing in her, 1482 01:19:38,565 --> 01:19:41,735 so it's like, you know, you kind of know that there's a possibility. 1483 01:19:43,779 --> 01:19:44,696 I got sober. 1484 01:19:44,780 --> 01:19:46,782 I cooperated with law enforcement. 1485 01:19:46,865 --> 01:19:50,118 I cooperated with the FBI, the SEC. I gave them everything I know. 1486 01:19:51,745 --> 01:19:53,830 If you work with the FBI, they work with you, 1487 01:19:53,914 --> 01:19:58,043 and… and you kind of, you know… It just requires complete honesty. 1488 01:19:59,461 --> 01:20:01,421 I gave the FBI enough information 1489 01:20:01,505 --> 01:20:05,133 to be able to put Sorbee away for eight years and Farkas away. 1490 01:20:05,217 --> 01:20:07,219 [somber music playing] 1491 01:20:19,481 --> 01:20:23,318 So this is the room where Sam got sentenced… 1492 01:20:26,404 --> 01:20:27,489 on Zoom. 1493 01:20:27,572 --> 01:20:29,241 Sam was sitting right there. 1494 01:20:29,908 --> 01:20:32,577 His mother, his father, my whole family. 1495 01:20:33,537 --> 01:20:34,704 Eight years is… 1496 01:20:36,832 --> 01:20:37,833 It's fucked up. 1497 01:20:39,292 --> 01:20:40,335 [exhales] 1498 01:20:41,461 --> 01:20:43,171 [man] I think it was really drastic. 1499 01:20:44,047 --> 01:20:47,008 I don't agree with the sentencing across the board in this case. 1500 01:20:47,843 --> 01:20:50,303 Farkas just didn't strike me as the type. 1501 01:20:51,388 --> 01:20:54,015 He was just sort of a deer in the headlights. 1502 01:20:54,099 --> 01:20:57,310 I think his biggest mistake was getting involved 1503 01:20:57,394 --> 01:21:00,272 and… and relying on… on what he was being told. 1504 01:21:01,273 --> 01:21:02,399 But Ray Trapani… 1505 01:21:03,817 --> 01:21:05,527 Ray Trapani's a real criminal. 1506 01:21:12,367 --> 01:21:14,911 [Ray] The fact that I cooperated means a lot. 1507 01:21:14,995 --> 01:21:17,789 So, you know, I'm in hopes that I get less time. 1508 01:21:19,207 --> 01:21:20,834 [hopeful music playing] 1509 01:21:21,668 --> 01:21:24,337 You know, I am sorry for what I did. 1510 01:21:26,006 --> 01:21:28,466 It's always been very hard to find empathy 1511 01:21:28,550 --> 01:21:31,303 and these feelings towards people that I've never really met. 1512 01:21:31,386 --> 01:21:32,929 I've always been like that. 1513 01:21:33,763 --> 01:21:37,225 I think that's something that I need to build on myself and really get there, 1514 01:21:37,309 --> 01:21:41,354 where it's like I can feel for, you know, Joe Schmo that's in China. 1515 01:21:43,732 --> 01:21:45,734 [music continues] 1516 01:21:47,652 --> 01:21:50,405 [woman] Mister Trapani, I'm very much influenced 1517 01:21:50,488 --> 01:21:53,199 by the government's report of your cooperation. 1518 01:21:53,283 --> 01:21:55,911 I'm not sure I've ever heard the word "extraordinary" 1519 01:21:55,994 --> 01:22:00,624 used in connection with cooperation, and now I've heard it multiple times 1520 01:22:00,707 --> 01:22:02,959 at every stage of the case, 1521 01:22:03,043 --> 01:22:07,130 from the investigation to sentencing of your co-defendants. 1522 01:22:07,964 --> 01:22:12,010 So, Mister Trapani, it is the judgment of the court 1523 01:22:12,093 --> 01:22:17,057 that you are sentenced to a term of imprisonment of time served. 1524 01:22:17,140 --> 01:22:19,893 I really didn't want to interrupt the path that you are on, 1525 01:22:19,976 --> 01:22:22,395 because you seem to be doing so well. 1526 01:22:22,479 --> 01:22:24,272 [suspenseful music playing] 1527 01:22:24,356 --> 01:22:26,358 [inaudible] 1528 01:22:28,485 --> 01:22:30,654 -We did it. No jail time. -[wife on phone]Yeah. 1529 01:22:30,737 --> 01:22:32,489 I love you so much. I'm so happy. 1530 01:22:32,572 --> 01:22:33,531 [Ray] I love you. 1531 01:22:33,615 --> 01:22:35,784 I'm coming now. I'm coming straight to you then. 1532 01:22:36,368 --> 01:22:38,995 Yeah, hold out. An hour and a half, I'll be there. 1533 01:22:39,079 --> 01:22:40,330 [laughs] 1534 01:22:42,290 --> 01:22:44,250 [laughing] 1535 01:22:46,169 --> 01:22:48,296 It's shocking to me, with his record 1536 01:22:48,380 --> 01:22:51,967 and as much of a scumbag as he admits he is, 1537 01:22:52,592 --> 01:22:57,097 that he winds up with literally the lowest sentence in this case. 1538 01:22:57,180 --> 01:22:58,014 Why? 1539 01:22:58,723 --> 01:23:01,101 Well, because he cooperated with the government. 1540 01:23:01,184 --> 01:23:02,644 All of a sudden, 1541 01:23:02,727 --> 01:23:07,691 it puts an aura on somebody that somehow justifies treating them differently. 1542 01:23:09,901 --> 01:23:11,820 [Ray] No time, bitch. [laughs] 1543 01:23:11,903 --> 01:23:12,988 [Kerri] Well, she loved you. 1544 01:23:13,071 --> 01:23:15,573 [lawyer] Comparing it to Sorbee's is like night and day. 1545 01:23:16,074 --> 01:23:18,201 He's facing 175 years. 1546 01:23:18,284 --> 01:23:21,287 [Petrruzzi] With cooperators, when you completely absolve them of everything, 1547 01:23:21,371 --> 01:23:23,999 and you reduce a sentence from 20 years to zero, 1548 01:23:24,082 --> 01:23:25,834 are you sending any message at all? 1549 01:23:25,917 --> 01:23:27,127 You shouldn't commit crimes, 1550 01:23:27,210 --> 01:23:29,796 or just the next time that you carjack somebody, 1551 01:23:29,879 --> 01:23:33,967 rat out the person that you did it with, and you can go home. 1552 01:23:34,050 --> 01:23:35,719 He's a criminal through and through. 1553 01:23:36,219 --> 01:23:38,221 I can almost guarantee 1554 01:23:38,304 --> 01:23:41,891 that of the three people that were prosecuted in this case, 1555 01:23:41,975 --> 01:23:45,770 the one most likely to wind up in federal court again is Ray Trapani. 1556 01:23:45,854 --> 01:23:48,314 And it's not civil court either. It'll be criminal. 1557 01:23:50,608 --> 01:23:52,861 [phone ringing] 1558 01:23:53,903 --> 01:23:56,197 Yeah. Oh my God. 1559 01:23:56,281 --> 01:23:57,407 -[lawyer] Oh. -[Kerri] Aw. 1560 01:23:57,490 --> 01:23:58,450 [laughing] 1561 01:24:00,076 --> 01:24:02,162 Hey, babe. [laughs] 1562 01:24:02,245 --> 01:24:04,706 -How's he doing, babe? -Where are you? 1563 01:24:04,789 --> 01:24:08,334 I'm, uh, about 20 minutes to 30 minutes out. 1564 01:24:08,418 --> 01:24:09,753 All right, I'll be there soon. 1565 01:24:10,378 --> 01:24:11,296 -Okay. -[Ray] Goodbye. 1566 01:24:11,379 --> 01:24:12,547 [Kerri] Aw. 1567 01:24:13,548 --> 01:24:14,466 Ouch. 1568 01:24:14,549 --> 01:24:16,551 [joyful music playing] 1569 01:24:21,639 --> 01:24:24,350 -[lawyer] Jeez, what a day, right? -[Kerri chuckling] 1570 01:24:25,560 --> 01:24:26,895 A little fucking Liam. 1571 01:24:29,189 --> 01:24:30,899 [all laugh] 1572 01:24:32,275 --> 01:24:33,693 He wasn't even crying. 1573 01:24:33,777 --> 01:24:35,361 [joyful music continues] 1574 01:24:44,120 --> 01:24:46,539 [Liam crying] 1575 01:24:53,505 --> 01:24:54,547 [Robert] He's a degenerate. 1576 01:24:55,298 --> 01:24:58,218 The audacity of the government to praise him as a good guy. 1577 01:25:03,473 --> 01:25:07,268 [interviewer] Ray Trapani just received his sentencing last month. 1578 01:25:07,352 --> 01:25:09,145 -Oh? -[interviewer] He got no time. 1579 01:25:09,646 --> 01:25:11,106 -Time… Time served. -Really? 1580 01:25:11,689 --> 01:25:12,524 Wow. 1581 01:25:14,901 --> 01:25:16,653 -Wow, that's incredible. -[interviewer] Yeah. 1582 01:25:17,153 --> 01:25:17,987 Yeah. 1583 01:25:18,947 --> 01:25:19,906 That upsets me. 1584 01:25:20,448 --> 01:25:21,533 That upsets me. 1585 01:25:22,617 --> 01:25:24,953 -Can I walk now? I'm gonna-- -[interviewer] Okay, yeah. 1586 01:25:27,205 --> 01:25:28,373 [Jacob] Oh! 1587 01:25:33,586 --> 01:25:34,504 [door opens] 1588 01:25:37,257 --> 01:25:38,341 Oh man. 1589 01:25:38,424 --> 01:25:40,218 [interviewer] Do you think he's really changed? 1590 01:25:40,301 --> 01:25:43,555 I hope so, but that doesn't absolve him from what he's done in his past. 1591 01:25:43,638 --> 01:25:45,056 That, you know, um… 1592 01:25:46,266 --> 01:25:48,143 And likely-- And likely 1593 01:25:48,768 --> 01:25:52,105 there might be more funds out there that he still has from other people. 1594 01:25:52,605 --> 01:25:54,399 You know? Um… 1595 01:25:54,941 --> 01:25:56,734 [interviewer] What happened with your money? 1596 01:25:59,571 --> 01:26:02,198 -We gotta stop that one. -[interviewer] Yeah. 1597 01:26:02,282 --> 01:26:05,160 Now, Sorbee supposedly ha-- You know, before he got arrested, 1598 01:26:05,243 --> 01:26:07,745 they were saying that he has a whole new fleet of cars. 1599 01:26:08,371 --> 01:26:11,416 I told the FBI that there's more money out there, you know. 1600 01:26:11,499 --> 01:26:13,126 It's up to them to find it. 1601 01:26:13,668 --> 01:26:16,087 [somber music playing] 1602 01:26:24,846 --> 01:26:26,764 -[interviewer] You're buying a house? -[Ray] Yeah. 1603 01:26:26,848 --> 01:26:28,558 -[interviewer] How are you buying a house? -[Ray] Money. 1604 01:26:28,641 --> 01:26:30,560 -That's usually how it goes. -[interviewer] Yeah. 1605 01:26:30,643 --> 01:26:33,313 How do you have money to pay for the house? How's he buying a house? 1606 01:26:33,396 --> 01:26:36,065 Ray? Ask him. I don't know. 1607 01:26:36,149 --> 01:26:38,151 [interviewer] How did Ray buy a house? 1608 01:26:38,234 --> 01:26:39,194 Ray bought a house-- 1609 01:26:39,277 --> 01:26:43,489 His… His, um, father-in-law co-signed with his wife, yeah. 1610 01:26:43,573 --> 01:26:46,826 I don't know any single person sub-40 buying a house. 1611 01:26:46,910 --> 01:26:51,289 They're all just-- They get a "good job," and they're just working, fucking, 1612 01:26:51,372 --> 01:26:53,333 and living in an apartment for their whole life. 1613 01:26:54,125 --> 01:26:56,711 [interviewer] You never know. Like, all of a sudden there's a house. 1614 01:26:56,794 --> 01:26:58,713 Why are you telling me that now? Because-- 1615 01:26:58,796 --> 01:27:00,798 [interviewer] I'm just-- I'm just curious, like-- 1616 01:27:00,882 --> 01:27:05,261 There's no locked, uh, millions of dollars in crypto hidden anywhere? 1617 01:27:05,887 --> 01:27:08,181 I wish there was because I would cash it all out, 1618 01:27:08,264 --> 01:27:11,142 and I would move somewhere away from this crazy country. 1619 01:27:12,477 --> 01:27:13,311 [laughs] 1620 01:27:13,811 --> 01:27:14,646 Really. 1621 01:27:14,729 --> 01:27:17,857 [Ray] Like, our parents, they were able to buy a house for like 20 grand, 1622 01:27:17,941 --> 01:27:20,735 keep it forever, and now they're millionaires. It's fucking ridiculous. 1623 01:27:20,818 --> 01:27:22,445 [Kerri] I said it from the very beginning. 1624 01:27:22,528 --> 01:27:25,114 If you make him look like a scumbag, I'm really gonna be pissed. 1625 01:27:25,198 --> 01:27:27,784 Because I… I swear to God, you'll be in big trouble. 1626 01:27:29,035 --> 01:27:29,869 I'm not kidding. 1627 01:27:29,953 --> 01:27:31,412 [interviewer] How do people trust 1628 01:27:31,496 --> 01:27:33,665 that Ray doesn't have money or Sorbee doesn't have money? 1629 01:27:33,748 --> 01:27:35,166 [Kerri] Sorbee definitely has money. 1630 01:27:35,250 --> 01:27:37,585 You're gonna tell me that when all this money was made 1631 01:27:37,669 --> 01:27:39,379 that he didn't hide it somewhere? 1632 01:27:39,462 --> 01:27:41,422 And that he knows when he gets out in eight years 1633 01:27:41,506 --> 01:27:43,299 that he's gonna be perfectly fine? 1634 01:27:43,383 --> 01:27:45,885 Why do you think his girlfriend's staying with him? 1635 01:27:45,969 --> 01:27:48,012 You think that there's… there's nothing there? 1636 01:27:48,096 --> 01:27:49,889 She just loves him so much? 1637 01:27:50,515 --> 01:27:54,018 I'm not saying she doesn't love him. I don't know if she loves him or not. 1638 01:27:54,102 --> 01:27:57,397 There's no way that Sorbee does not have money put somewhere. 1639 01:27:57,480 --> 01:27:58,439 [laughs] 1640 01:27:58,523 --> 01:28:00,441 [interviewer] You say the only way to buy a house 1641 01:28:00,525 --> 01:28:02,568 is to do something shady or to get help from someone-- 1642 01:28:02,652 --> 01:28:04,320 -Yeah. -[interviewer] You're buying a house. 1643 01:28:04,404 --> 01:28:05,530 Which one did you do? 1644 01:28:05,613 --> 01:28:07,657 I did something shady, clearly. 1645 01:28:08,157 --> 01:28:10,368 My fucking whole story is shady shit. 1646 01:28:11,327 --> 01:28:12,161 You know. 1647 01:28:13,371 --> 01:28:15,373 ["Everybody Knows" by Leonard Cohen playing] 1648 01:28:21,337 --> 01:28:25,258 ♪ Everybody knows That the dice are loaded ♪ 1649 01:28:25,758 --> 01:28:29,971 ♪ Everybody rolls With their fingers crossed ♪ 1650 01:28:30,054 --> 01:28:32,348 Once they got their 100,000 Ethereum, 1651 01:28:33,141 --> 01:28:33,975 they kept it. 1652 01:28:34,559 --> 01:28:36,352 Was it really about the "victims," 1653 01:28:36,436 --> 01:28:40,315 or was it about their headlines, their promotions, their pockets? 1654 01:28:40,398 --> 01:28:44,110 ♪ Everybody knows the fight was fixed ♪ 1655 01:28:44,193 --> 01:28:46,404 ♪ The poor stay poor ♪ 1656 01:28:46,487 --> 01:28:48,323 ♪ The rich get rich ♪ 1657 01:28:48,406 --> 01:28:51,284 ♪ That's how it goes ♪ 1658 01:28:53,578 --> 01:28:56,414 ♪ Everybody knows ♪ 1659 01:28:56,497 --> 01:28:58,750 [chuckling] We didn't get our last payment. 1660 01:28:58,833 --> 01:29:01,252 Ten months of intensive work. 1661 01:29:01,336 --> 01:29:02,837 Yeah, no money on Centra. 1662 01:29:03,713 --> 01:29:06,674 [Popper] The basic idea behind cryptocurrencies 1663 01:29:06,758 --> 01:29:11,429 was really that you shouldn't have to trust these banks anymore. 1664 01:29:11,512 --> 01:29:13,348 You shouldn't have to trust Wall Street. 1665 01:29:13,431 --> 01:29:15,683 You don't need to trust any of these institutions. 1666 01:29:15,767 --> 01:29:21,147 The sort of grand irony is it created a new financial system 1667 01:29:21,230 --> 01:29:24,817 that has basically taught everybody that they can trust nobody. 1668 01:29:24,901 --> 01:29:28,529 ♪ And a long-stem rose ♪ 1669 01:29:30,198 --> 01:29:33,618 ♪ Everybody knows ♪ 1670 01:29:35,036 --> 01:29:39,040 ♪ Everybody knows That you love me, baby ♪ 1671 01:29:39,665 --> 01:29:43,211 ♪ Everybody knows that you really do ♪ 1672 01:29:44,253 --> 01:29:47,840 ♪ Everybody knows That you've been faithful ♪ 1673 01:29:47,924 --> 01:29:52,970 My entrepreneurial spirit won't get dimmed down by my 12 felonies. 1674 01:29:53,471 --> 01:29:57,183 ♪ Everybody knows you've been discreet ♪ 1675 01:29:57,266 --> 01:30:01,813 ♪ But there were so many people You just had to meet ♪ 1676 01:30:01,896 --> 01:30:04,982 ♪ Without your clothes ♪ 1677 01:30:06,943 --> 01:30:10,780 ♪ And everybody knows ♪ 1678 01:30:11,406 --> 01:30:12,323 [song ends] 1679 01:30:25,336 --> 01:30:27,338 [solemn music playing] 1680 01:32:56,028 --> 01:32:57,613 [music ends]