YouTubers Get Sued For $1,000,000,000
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- čas přidán 28. 05. 2024
- The influencers who promoted FTX are now being sued for allegedly promoting "unregistered securities", and questions are now floating about whether this lawsuit will go all the way. I spoke to @LegalEagle and @MeetKevin to find out more.
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This video is an opinion and in no way should be construed as statements of fact. Scams, bad business opportunities, and fake gurus are subjective terms that mean different things to different people. I think someone who promises $100K/month for an upfront fee of $2K is a scam. Others would call it a Napoleon Hill pitch. - Zábava
I want to set the record straight: Meet Kevin and I are NOT the same person. Even though you've never seen both of us in the same place at the same time, WE ARE DIFFERENT PEOPLE. Allegedly.
🤨
X - doubt
are you sure? 🧐
Hmmm🤔🤔🤔
Yes allegedly
That man doing a video call while operating a moving vehicle tells me everything I need to know about his ability to accurately assess risk.
That's funny. Well put.
Lol! 💯
Operating a vehicle in the middle of a rainstorm.
Gold
and in the rain, no less
ALWAYS ignore "gurus" and "influencers"
This IS financial advice.
Should be not only a financial advice, it should be a general advice... influencers are the cancer in our society.
But the guy just told us not to trust you.
I still remember Jeff Bezo said on the news not to buy large and expensive appliances, yet people just bad mouth him sooo
@@goldiefox7128
Despite what he may or may not do, or how people (myself included) feel about him, I will admit that is solid advice!
If your job is to "raise awareness", you don't have a job.
"If it succeeds it's because I made you money. If it fails, it's because you were stupid and listened." is what I'm getting from Kevin's attitude.
BAM! You nailed it. Same idea as "heads I win, tails you lose". Scumbags
that's not what he said.
@@pseudonymous8702 "What I'm getting" is called inference, mate. I didn't say that's what he said.
Reading comprehension must be hard.
@@Trelior he didn't imply it either. Pot, kettle, dumbfk
Not only that but he used examples that were him investing in common equity.
Not the collapse of an exchange.
Those are two totally separate types of entities and events.
Influencer marketing in the financial services/products space is such a hazardous practice. There's a reason most (not all) CZcamsrs with industry experience don't take these deals.
ThePlainBagel is here! Yay!
You know it's a great vid if you see The Plain Bagel. Yay!
ThePlainBagel patting his own shoulder, lol
"Yeah, Batman? It's me, Superman. Just letting you know...good work."
Plain Bagel and Patrick Boyle the two channels I listen to mainly. They don't shill scams or tell you something is going to the Moon.
Influencers try not to scam their fans challenge **impossible**
Influencers find out fanbase is exclusively preteens not afraid to steal their moms credit card
**gone wrong**
thats what the title should have been lmfaoo
Ayo 😂🔥
Mr.Beast joins the challenge
Influencers (some) try not to let their pet get sick challenge *impossible*
@@monhi64 its free money!
These finance CZcamsrs who promoted FTX have no idea how finance works. That interest bearing account is the main reason I said no when FTX approached me. If they’re paying you 8% what shady things are they doing to earn more than that?
Even some of the wealthiest banks that are FDIC insured do not pay more than 4%
Bros AZO4RT is going so crazy and unexpected that this is pretty much everywhere and spreads like crazy. Is this the real pandemic?
another sh!!tcoin scam
Emojis in your name 💀💀💀
@U ohhhh we got the next Coffeezilla here!
$LIGMA is really popping off though.
@@thEM1ghtyricer Oh my gosh, based on your comment on CZcams, I want to invest and make $42k/week! How I invest big dollars Sligma right now????????
I remember buying crypto in 2021, then forgetting about it until today. Diamond hands, or Dimensia hands? Either way, i'm down 92%
Oh didn't expect to see a creator I'm subbed to.
Lol 😂
F
Bitcoin is right around the same price it was in 2021…what “crypto” did you buy?
...and now, we wait!
I treat any influencer product advice the same way I would from a stranger at the bus stop.
Smartest comment I've read on here so far.
Thats the way
yes, issue is some people do not have the brain to think whether to trust the guy at the bus station or not.
as a society should we protect these people, or leave it to the survival of the fittest?
actually a question as i think, in some cases, protecting them just prolongs their demise
Exactly
you are young...I recall a time with no cel phones, and the stranger at the bus stop was useful...directions...a light..
Kevin's commentary demonstrates that influencers are sales people. They have thier own interests at heart, first and foremost. They make money from selling not knowing. Ironically knowing is an impedement, as this might give grounds to a lawsuit.
I think it is very symbolic that this guy is talking about his responsibility on a phone while driving.
Right?
Hahahaha so right.
@carlos are you telling me you don't use your phone while driving? lol
Didn’t he also get a dui 😂😂 he doesn’t respect driving very much and now that you point it out
@@shamaneslife Yes, because shockingly the thought my crashing does scare me.
Also, no matter if you do look at it while driving, we can all admit the way he was doing it was incredibly unsafe. He was going so fast that his car was shaking the entire time and still trying to have a conversation and glance at his phone
"Ignore the influencers"---best advice EVER, not just the financial types.
Are you, perhaps, trying to INFLUENCE my decisions ? Therefore I should not trust you ! But then, I shouldn't trust this comment and henceforth trust influencers...including you ! But if I trust you, then I shouldn't trust you !
Most "influencers" kids got triggered after that! And yeah they lost most of their parents' wallets 😂
His youtube bio says hes a financial advisor
It's scientifically proven, influencers are the lowest form of life.
You’re watching an influencer right now lmfao
A whole month without coffee. I’m going through withdrawals
Yeh the coffee withdrawals are bad just now
Bruh fr where is our boy
Jeff Bezos is a visionary. AZO4RT is a long hold
I will just get it now and wait it out until because we are still at the bottom not only global but also with this
The strategy is smart to fill the hole others left and now show how it's really done. GJ
I think with this specific invite the extra you get in AMZ tokens is the highest
There is only one way which is 🚀
Yes AMZ is here who could have thought
Despite the hilarious irony, Coffee really has been the one who stands his ground -- staying with the facts, not just people.
Nice coffee pun.
Coffee grounds strong.
How it should be.😊
He stamps his grounds
It’s not irony. It’s not even a pun. It’s just bad wordplay.
Why creators choose to work with crypto companies at all is beyond me. It's not worth the extra money
Aint you nathanial b
Hold up is that nathaniel b
Greed, baby. Goes hand in hand like stupid on Jake Paul
Fr
Sure until some crypto billionair offers you 10 million to shill his coin. I bet you would jump at that offer tomorrow
I knew that AZO4RT was ahead of the game, but my mind is officially blown
================================================================
Appreciate this update
This is real. I got my tokens yesterday already. I can sell them at any time, it wouldn't ever work like that on a scam
Look at the markets right now and you see this is going wild 🛑
Strong! Have to buy until it runs out! Presale almost over
So the launch of AZO4RT is clearly something which deserves to be known even if it's not related to this content but what are you going to do anyway here? waste time and procrastinate
Deserved all the likes on this!
lol i expected nothing but spam but this is actually real and huge news
What a huge movement!
Major youtubers are not talking about this because they obviously filled their bags.
thank you amazon.
This is why I NEVER buy anything that’s sponsored, even if it’s from an influencer I trust… if they’re getting paid, I trust it as much as I do a commercial on television
@@dustyoldhat not really, it's just common sense, anyone else is just an mindless simp, do your own research before buying like an responsible adult.
Lol Magic Spoon cereal is pretty good. That’s the only thing I’ve ever bought because of a CZcams sponsor
CZcams is the new television, my man
“NEVER” ?? This statement would mean that you never buy any product that advertises on TV. So no cars since they all have commercials. Nothing from any technology company worth talking about, you don’t attend any professional sporting events, no secondary education from any college they all have commercials. I am going to guess that you were being hyperbolic.
that's literally what 'sponsored' means - it's a paid ad. like, what, do people actually think they're NOT ads? i'm confused.
I think its about time we stop popularizing CZcams finance grifters
This part there shouldn’t be a finance section on CZcams at least within them doing sponsorship because we’ve seen so many times where they just ultimately crash
people want to learn about finances online. some will always end up with these or similiar type of people
I think its about time we stop popularizing anyone on the internet..
I do not like meet Kevin but he is good as a news anchor
good luck with that one. you seen how many fans they have simping over them?
It is my belief that Google and CZcams should be held liable allowing this garbage to be promoted on their websites..
I do agree that they should take some responsibility, but it was mainly the influencers that took it in. FBX was a massive crypto company, but crypto is really niche and wouldn’t catch their attention like if a company like Walmart was promoting a massive scam. Plus, it’s mostly FTX/SBF that started the scam, not CZcams.
I think that if people cannot differentiate between financial advice from a CPA or MBA vs an 'influencer', then perhaps the best choice is keeping their cash under their mattress
Then be part of the solution: explain the difference between these to the average Joe.
Go.
@@guyman1570it’s quite simple really. Don’t trust some random person on social media.
Do your own research. Educate yourself. Take in as many viewpoints and clash them together to see any consistencies or inconsistencies. When taken specific advice, do your research on who is giving the advice. Are their credentials impressive?
All in all, everything can be summed into one phrase: be skeptical
People taking advice from "financial influencers" need to realize that they are not the customer, they are the product.
Ouch
Facts.
The best tools against misinformation are a dose of skepticism and come sense. Unfortunately, these tools are not part of schools or university curriculum. These tools are transmitted by the parents and learned from life experiences.
Basically anyone who reads or has read, Chomsky's Manufacturing Consent will understand this. Pretty much what you're paraphrasing here. And it's good advice.
I guess this generation just has to go through their own financial scam. Crypto, NFTs, all these nonsense things with no real value. There will always be scammers with new ideas and suckers to give them money.
Same as people watching Andrew tate being "taught" how to be a man. How condescending. Follow people that aren't just money and talk... not a fan but look ay david goggins an ex seal. At least he can back it up and has real mental strength, experiences
I'm glad he took it really seriously, and decided to take the interview in his car.
Its his new office
@@damianh8606 😂he needs to keep on the move now
Doesn't matter if its in his car
yeah really bad idea to promote driving and calling. Imagine he just died in the interview
@@LETSSTARTGAMING It DOES matter if it's in his car. He's on a PUBLIC road putting OTHER PEOPLE at risk.
Try having some sympathy, empathy, or Humanity. Your lack of it speaks volumes about your lack of character, girlfriend.
You, Coffeezilla, make me very happy doing such an amazing job! Keep pushing :)
Exactly, we want to push onto the stack. If we push we can also pop.
Hope all is well and you’re taking a well-deserved break Coffee.
He has posted on Patreon on recent days. He’s OK. He’s just working on a huge story.
Nothing says “personal responsibility” like doing a video call while driving! Holy shit, Kevin!
At least he is not drunk this time 😅😂
the people who lost their money need go get a tissue and get tf over it.
@@zeuscrypto1550 Was there a time where he was drunk?
@@AW-gj4ji yea it's all on video on CZcams lmao
@@ThatGuy-qg4ww link?
AZO4RT will do x100 until next summer, done deal! Just be patient and HODL
another sh!!tcoin scam
$Borz on bsc went from 25 k mc to 330k over night don’t miss the train
Scammers be scamming
I wonder how many of these "likes" are human
Bots
I remember watching meet Kevin’s video where he said he puts in his rental contract that the tenant has to clean a specific part of the window pane. When one didn’t he said he was going to take it out of their bond. This is the kind of man we’re dealing with.
Yeah i saw similar. Unsubbed a long time ago
Bond? Is that like a deposit?
So basically puts some tiny bs, about the some secluded corner of the house having to be clean at all times, in the small print, and hopes that no one notices?
Yeah, that seems like something that should be illegal. But it's USA after all, no need to take care of the little guy :3
@@webbugt yeah but that’s not even the worst part. If he can hide in the lease that some little corner of the property needs to be cleaned at all times, then he could hide in the lease that the entire property needs to be cleaned at all times. Right?
If I’m correct, then it’s even worse because he weirdly gets some pleasure out of this. He’s only doing it because it makes him feel like he’s so smart and conniving.
He’s worse than scrooge
I used to watch Meet Kevin years ago & Graham when I started wholesaling houses. I got a weird vibe from Kevin years ago so I unsubscribed, Graham just seemed to steer into a different direction on content
I don't think even you understand how important your work is! I love seeing it
Great video man. My motto, stop being influenced by influencers
He did the "driving in the car apology" so you know he's serious
He’s not even moving😂. You see the same backdrop
@@austinbevis4266 it’s just cloudy and rainy and he’s driving in a highway, you can see overpasses, other cars, toll booths…
Not even an apology bozo
he def didn't apologize
Tbh I agree with him, if you're silly enough to put all your money into any financial vehicle because some guy on the internet YOU DONT KNOW! said so... Sorry but that's on you!
It's horrible to hear when people lose their entire life savings. But I will never, ever understand why someone would put all of their eggs in one basket?!
We have a shitty education system that doesn't teach financial literacy or higher order thinking. Con artists and influencers create cults of personality and future prosperity. The initial crowd they gather become preachers of the gospel. If it looked decent and someone invested 20% because they saw bitcoin make some people rich and they have been taught that billionaires are geniuses above reproach. Additionally the paid promoters were high status celebs as well as apparently known influencers who were seen as experts. Again lending a huge amount of clout and legitimacy.
To be clear I don't quite get it but I can try to fit myself into the shoes/mindset of someone who gets caught up in their supposed big break. Who saw parallels of others success and they wouldn't miss out this time, anyways it's not like all these people, Tom Brady, Matt Damon, financial celebs, a giant company run by super wealthy people would have all the money just vanish over night...
totally agree to this. its even more evident in my country. Until most guys reach like age 24-25. They dont have any inkling of Financials knowledge. @@dashvash5440
Worse....it was BORROWED eggs. Yikes.
Because most of the time, they only have such a small amount of eggs, so 'diversifying' is not a viable option since the yield/expected return will be so small/insignificant if they do diversify.
Coffeezilla where are you?????😢
Thats what I'm here to find out! Realised he hadn't posted in a while
Anyone knows , if coffee has been active on another platform?
He said he was getting sued by grant a lil while back. Wonder if he is just busy and in court
That's why I'm here, too. I went to his public twitter and he hasn't posted recently.
I really appreciate how Coffee doesn't pull any punches when he interviews people. Most other journalists don't have the nerve to press people further after receiving the initial response to their questions. But Coffee isn't afraid to put pressure on the other party in pursuit of a full and comprehensive explanation of their side of the story. He gives them room to fully express themselves while not shying away from challenging them on their beliefs and questioning their reasoning. That's how you get a proper statement.
Yeah. That's because most other journalists arent real journalists or really just masquerade as one on TV or whatever. Coffee does a pretty good job of practicing real journalistic standards. Unfortunately money, big corporations, and wealthy people are able to just buy up or create media organizations that train and use faux-journalists
except that last bit he said only to us
Only nowadays. Journalism used to be a real tangible and believable media. They used to report facts. Not just fluff puff pieces. There are still some real hard hitting journalists out there. Mariana from Trafficked is a good example.
It is a pretty old-school technique, sadly not often used anymore in Journalism.
Not to mention, he was colleagues/friendly with Graham and Im sure a few others who promoted FTX, and he crucifies them the same. True integrity.
“Socialise the losses… Privatise the gains” defines what these influencers have done.
They convinced their audience to deposit with FTX. FTX used depositor funds to pay them.
Nicely put, bravo
STONKS GO BRRRR!!
That is literally American capitalism
Socialism in a nutshell
Well done - one of the few CZcamsrs who actually calls out scammers and all the shady practices of influencers.
Kevin clearly states the risks and there's nothing wrong with sharing your predictions and investing in them yourself. His advice was not to put all your money into these things and that's exactly what some people did not his fault nor is he liable. Crypto and stocks are like gambling so many uneducated individuals who know nothing about stocks talking like they did something wrong.
@@orphscookie8047Graham Stephan was the same way. Not one person who lost "their life savings" in FTX was actually following Graham's advice.
And most importantly , he got paid!@@orphscookie8047
There is also a part which Kevin didn't mention that people like to accept the advices which they see can make them easy money, but ignore the security steps which could "limit" the gains.
I still remember Kevin's response to FTX collapse was just
"Alright, I made a mistake. Lesson learned. Let's move on"
He didn't really admit to making the mistake. It felt like "I'm sorry you got hurt but it's not my problem"
@@jemmagordon4439 I am sure he said it. I remembered that line so well it made an imprint on me forever.
But you are right. It felt that way. It was just an empty apology
@@jemmagordon4439 I don't think legally he can admit to fault... to which case, I don't know why bother be on here?
Anyone who listens to these con artists got what they deserve. If you actually know anything about finance it only takes about 2 seconds listening to those guys to know they are full of shit. They make their money on youtube then pretend they made it investing, exactly the same as all the people selling get rich quick real estate courses. I hope this opens people's eyes to all these con artists posing as finance/investing experts.
@@Justcetriyaart legally can’t admit to fault? Haha that’s funny
Where have you been Coffeezilla hope everything is all good with you
Nothing screams sincerity and concern like doing an interview while driving.
At least he seems sober this time.
Least he picked up you degenerate
I mostly agree with what he's saying
Also he's just sitting in his car
@@zimboiii9025he's in the driver's seat of a moving vehicle, so let's do the math.. Every response he gives in his interview is self preservation at best.
@@TheChronicKarma Right? How the fuck is he "just sitting in a car"?!
@@TheChronicKarma people don’t pay attention
Gotta love people giving financial advice and calling it "Not financial advice".
Imagine if someone did that with a workout video or a cooking show.
"This is how you make a sourdough starter, but remember _this is not baking advice!_ "
I agree.
If you're using youtube to make investment decisions then you need to take some responsibility when you lose out...
It’s simply a legal thing
@@D-V-C-N still, it seems bad
Great work! Please don’t stop helping people see the truth
When Kevin showed himself taking this interview while _driving car_ , I knew he gonna gaslight and evade responsibility
Back when Enron collapsed several extremely important investors, such as Warren Buffett, were asked why they refused in invest in Enron. And Buffett and some others all said the same thing. "I can't figure out how they are making their money." So they kept their customers safe because that's the kind of research they did.
@@slinggg4789 When people only concern themselves with the fine print of the law rather than the spirit of the law, the world becomes a much more unforgiving and cold place.
Meet His wallet 💳
He invested in Bank of America, so being right once doesn't count.
@@armorclasshero2103 Clearly he was right more than once.
@@akw1312 and yet still underperforms the NASDAQ average. and was caught multiple times breaking the law. he's been cheating his taxes since the beginning. his supposed wealth is through grift and tax theft.
i seem to remember that "we didn't know! we had no idea! we're victims just like you!" was pretty much the plea of every influencer after fyre-festival, even though they'd profited from it. be interesting to see how this plays out.
if they didn't know, what's wrong with the fact that they profited, they were working as you were in good faith
@@AndrewBouchierUK and then they come to find out that that money came from people that got scammed and duped. I guess if you're a soulless money hungry ghoul then keeping it makes sense
@@AndrewBouchierUK It's not good faith if they don't specify that they are being paid to say what they are. You take what someone is saying with a lot more salt if they begin or end their opinion with "This message is sponsored by the person I am about to promote". An "expert" claiming that they believe in something without saying they've been paid to say that is deceptive and unethical.
@@AndrewBouchierUK "I was just doing my job" is a terrible excuse.
What about the many channels that promo'd Established Titles? Should they now sue Muta @ SomeOrdinaryGamers?
Coffee, congrats on getting an article in Rolling Stone! First time I've been interested in a magazine at the doctor's office in over a decade 😁
The bit was Kevin was funny to me, because recommending a contractor to a client as a real estate agent probably has more liability than a CZcams Finance recommendation. Because the Real Estate agent would be expected to know if the contractor is licensed to do the work in question. I seem to remember a case where a Homebuyer sued and won against their agent because they needed work done on a well, but the agent recommended a plumber who wasn't licensed to do well work.
100% accurate
I think he was saying that the contractors were licensed, they just screwed up the work. You can recommend a great contractor, but they still might mess up an individual job.
@@joeprzybyl4435 Right, if you KNOW theyre a great contractor, but what if you get paid to recommend some contractor that you literally know nothing about? Its a terrible analogy that reflects awful on him
@@bigdubskis8699 that is true, but I think that he was saying they're a great contractor but they messed it up.
But that makes it just a meh analogy, not very good... Much better points to focus on xD
@@bigdubskis8699 I don't think he's very smart. He doesn't seem to appreciate that he presents himself as a financial expert to his audience and that getting paid to promote something he knows so little about that it turned out to essentially be a Ponzi scheme raises major red flags. To me he's basically admitting he doesn't know what he's talking about and will promote anything that he's paid to promote as long as the price is high enough
The interview with the person being sued felt very “its not MY fault you listened to me”
But its true.
literally, his job as an *influencer* is to *influence others* whether that be through legitimate means or reasons isn't set in stone.
That's exactly what he said
Tbh, its not his fault ppl listlen to him.
They get payed to read a script, its not their job to investigate the company which is being ppl promoted.
also taking an interview while driving?? seems unprofsh lol
In all these stories, the main issue is the lack of Accountability.
On the parts of the "victims" as well. This isn't straight up fraud like some of the other stuff Coffee's covered, this is grown ass people gambling with money they can't afford to lose.
lack of consequences
No videos, no social media updates? Something weird about this
Came here to see this. Where is coffeezilla? Hope all is well
Yes weird. At least put out some BS videos to satisfy your subscribers. WTF
Same
Tom Brady’s FTX promos were all CLEARLY adverts though. Whereas the moneytubers blur that line dangerously.
I think Kevin O'Leary and a lot of other financial influencers are finding themselves in the cold with the trust people had in them. In many cases it was an undeserved trust, but it was trust none-the-less. And the sad part is people aren't going to learn anything from this. "Oh, this person is worth millions. I want to be worth millions. Who cares how they did it, I'll listen to what they are saying to do now."
Kevin O was always a punk-ass.
Kevin O’Leary’s credibility collapsed harder than FTX. The amount of grifts he has been a part of is unforgivable, including a psychedelic mushroom company that went bankrupt after meet Kevin helped him promote it.
No doubt it'll come.
A lot of them were directly involved in scam projects or they knew they been supporting scam. A lot of this stuff is on record. Also some people are talking about loosing money when in reality they probably just lost some money but gained a lot more. They know it's a scam so they invest a lot on hype and then instantly gradually withdrawing so at the end they are making a lot of money and losing only a bit sometimes even on purpose (so at the end they have some ability to blend with victims if needed).
Kevin got people trusting him because he would tell people to go on pandemic checks and would teach people how to do it. After the free checks stopped, he started hyping penny stocks and cryptos.
Coffee's house got raided by John Wicky assassin, ordered by people that he exposed.
They were being paid...like an advertisement, yet not disclosing those terms. They pretended it was an unbiased recommendation.
Legal expert here - The case against these guys has zero chance in hell unless they can somehow prove the creators *knowingly* were deceptive and knew FTX was a scam. Otherwise, this will be thrown out immediately.
Actual expert, or CZcams legal-advice influencer?
As it should, no one knew about FTX 's actions behind the scenes.
makes sense. i thought the lawsuit was a bit frivolous. though i also think shirking all sense of accountability when you are an advice channel is ridiculous.
@@alexdromero13 if you don't know then why are you recommending it?
I am a lawyer, not terribly familiar with the Florida law but these CZcamsrs are CLEARLY not agents of FTX so if that's the hook they're using to hold these people liable they will fail
Not surprised at all by Meet Kevin's stance. At least he came out and said it. I hope this is painful enough to these guys to dissuade them from taking promotional deals lightly in the future. I hope it's visibly ugly enough to encourage their audiences to dramatically decrease and/or stop taking what they say at face value.
Made $250k. He will do it again!
I don't think he did anything wrong. They paid him to do a job, he did the job. FTX didn't do their job.
typical finance bro. Say "trust me, I know" but when things go horribly wrong, it's all about blaming their victims and "personal responsibility." These people are scum.
@@mariatamburro That's literally the definition of advertising. And anyone who still VOLUNTARILY indulges in ads despite knowing that they will hollow out your brain and take all your money deserves to end up on the whiney side of darwinism.
@@thomaspaquette6549 the fck u smoking. People look upto him cause he knows his shit, it was he who didnt look thoroughly through ftx and recommended it to his viewers.
Is no one else worried about COFFEEZILLA? Please post a short showing your alive in the 10million dollar studio. Otherwise we have to assume he was kidnapped by coarse sellers.
I had a bad feeling when it was 3 weeks and no new video… he’s a “full time” CZcamsr. Very suspicious
Hopefully he is working on smthing big
He' updated the patreon team. He's making a multi part series on an offshore laundering scheme
Yea where the hell is he man 🤔
No lmao
Where is Coffee!?!? I’ve been checking his page - hoping he’s busy investigating and that nothing is wrong
Hiding
Disappeared 😢
17:10 I like how you put it at the end - when it’s time to make money, they want to be the ones to bring you in. When you get slammed, suddenly it’s on you and they’re not responsible.
But he had a good point. Trying to actually hold him legally liable is... a dangerous precedent. He's just an advertiser. Are you going to hold every advertiser liable if the product doesn't work out?
@@marhawkman303 oh god no - no, they’ll never win that argument legally speaking
100%
@@marhawkman303 False advertising is actually against the law, it 's just a question of whether the influencers can count as advertisers.
@@Neremworld also you would have to prove that they made statements they knew to be false. That's the big thing in truthful advertising suits. did they KNOW it to be false?
Whenever it comes to influencers trying to sell you stuff, particularly when its of a financial nature, its always best to assume that they don't know or care about your interests.
No body does.
and have been paid by the company they are telling you to buy into
Followers are mistaken that it's two way relationship.
@@vivek27789 its one thing when people were selling physical products, but when they're selling subscriptions, advice and shit like that? Ugh
That’s not an assumption, friend!
No one gonna talk about how meet kevin is holding his phone on a facetime as he drives???
Coffee. Where are you
I like that Meet Kevin’s ethics align with him keeping the money
He will surrender "what's left" kek
@@einsiedler9720 he didnt say he would surrender whats left... he said after the ordeal (the lawsuit) is over he has no issue pledging a fund to give back to the losers. in this case he did not even say he would return any money he was paid. hes implying a "pledge". which is a promise to donate later on to the fund of recovery. pledges have also been known to not be legally binding whatsoever. so he could just as easily not donate after claiming such a promise.
but then again i suppose anyone who made money on the FTT price rise during the bull run of said coin before its obvious collapse should also be legally responsible to return any ROI?
@@dantedeloden trying to pull an amber heard 😂
@@yellowstoic7678 What did Amber Heard do wrong?
@@theultimatereductionist7592 CZcams search "Lawyers and Others React | Amber Heard | So what, I lied about giving money to sick children?"
I'll never get over influencers going 'People need to take responsibility' while dodging every bit of it that come their way.
I do think Coffee sometimes infantalizes investors that get scammed though
@@AP-qu2li infanatlizes how exactly?! People literally have never learned this stuff, trust some con man, and then it's THEIR fault? This guy in unreal, it's incredible that anyone defends this crap.
@@mariatamburro That’s what personal responsibility is though. Why invest if you don’t know what you’re doing?
Hi Kevin
Influencers give an opinion, not advice. The have no personal connection with the people doing business with FTX at all, those personal investments are entirely the responsibility of the person doing the investment, not that of an unrelated individual expressing an opinion.
Taking financial advice from a CZcamsr is like taking financial advice from Jim Cramer
At least Jim can serve as a bad example
At least I can inverse Cramer
@@johncantrell9993 No. you can't.
Bear market plays are a little more tricky than long positions on bulls.
Exactly. Kevin isn’t wrong with his last comments - the people who put 100% of their savings into FTX are cut from the same cloth as those who put thousands of dollars into Logan Pauls dumb crypto eggs
@@mattc2674 yes but we should still protect them from frauds. Not everyone has the luxury of being born with an average or high intellect. They didn't choose to be easily manipulated and we should defend the weaker people as a society
where is the new content? did zilla get epstined?
Yo coffee where you at
So basically influencers take all the credit and refuse to take any blame.
no argument with that lmao well said
FTX was paying people in stocks and ownership stakes, I don't know about the damages lawsuit but that should be criminal you telling people to invest in a company you own without disclosing your ownership.
Ice-cold callout on the hypocrisy of sign up codes. Good stuff as always coffee.
That basically does make them an agent of the company.
Well in my opinion,
@@mrsog7468 They're benefitting from direct sales, same as if the person was selling insurance or similar.
@@TheInsomniaddict While I do wish that were true, "agent" in that context has a strict legal definition that promoters will not meet. "Agent" in the context of that law (at least, from my understanding, NAL) means "someone who can sign binding contracts on behalf of the company".
Agree.. the sign up codes brings them closer to the scam in my opinion
Such a great discussion here.
Loved your final thoughts in this video Coffee, said really well
Minority Mindset was the one that actually made me sad. Watched that dude really fall from grace.
You can't trust anyone on the internet!!
@Kyle Korona even if he is a scumbag no need to be a racist POS
Watching him fall made me laugh 😂 glad to see the shillers getting throttled
what happened to that dude i remember that channel
@0zone_X I agree!
I like how Meet Kevin went round and round the whole continent but doesn't answer Coffee's question. He is able to regurgitate all that PR talk, blame the victims and justify himself while driving as if he's memorized this speech by heart. What a piece of work.
This "victims" buzzword is thrown around a little too much . Everyone knows financial advisors don't always make the right choises and don't even outperform the market , I have lost some money listening to some of them a while back , but im not mad at them , we are all adults and blindly trusting a random youtube "financial advisor" its on you , they never guaranteed results . They were oblivious to the whole FTX situation and just wanted sponsorships . Just because they were dumb and recommended it doesn't make them frauds . Its only fraud if they know something is a scam and promote it
you left out how he claims to "be a victim" by only getting paid a quarter million . the guy seems like a scumbag.
I agree he’s kinda a pos
He almost did answer the question, given the answer was "I'm not responsible" as that interview went on I disliked him more and more holy shit
@@dexterrkk3711 i would have to disagree with you on this and say he is a total pos :)
two months and no new uploads, i sure hope cafe is OK :(
JRE steven you made it! Been watching since the early drip days
I watch a lot of financial channels, and I've sometimes thought of setting up my own (I have two university business degrees and I love real-estate and the stock market) but the thought of someone embracing an opinion of mine, losing a ton of money, and blaming me just made me not want to do it.
tell me, is it the part of people losing money because of you or the part where you would get the blame that stopped you?
You have morals. Meet Kevin doesn't.
@@bullpup1337 I'll allocate that 50/50. Both.
@@HelloHello33333 So what would you prefer it be based on? Me claiming to have god-like factual knowledge? You obviously have in mind a better approach. So, please share it.
If you are at all serious about it, I'd consider a less risky subject matter. Depending on your focus, you can just do deep dives, or investigations on different financial institutions, or fields, projects, or whatever. I wouldn't necessarily hype anything up, but just bring a cautious awareness to things. Make it more educational than speculative. If making content is something you are interested in, I'd definitely say you should do it. You seem to have experience and it is never fun seeing someone get discouraged.
Of course Meet Kevin is on a video call while driving. At least this time he’s not drunk.
He was probably drinking
Savage!
Shows how much focus he needs to keep lying and covering his bottom. NONE, he's an expert at it!
You cooking something bro???
Coffee, where you at?
Influencer: “I didn’t influence anybody into anything”
Coffee: "Should you pay that money back?"
Kevin: "Ultimately, I agree with you. There needs to be more due diligence. "
All this guy did was avoid answering the actual questions and basically just said, "Not my fault. Individuals should be smarter"
He’s not wrong
Well he’s right
they should be smarter and stop watching people like him
He did not dodge the question you dimwit, he was willing to work on a fund to give back when its all settled. Its not a yes or no question SBF held 99.99% of the lost money, the 0.01% of influencer money isnt gona make anybody happy, they can shove that dime im gona get from them to their ass.
Keep watching he answers the question. Might not be a popular response but he did ultimately answer the question
The biggest damage that I think the people can do to these CZcamsrs is to stop watching them
I already stopped watching these clowns long ago.
This!
I'm afraid that's not gonna happen.
It's actually that simple. Blocked most of them.
Nah, sue em.
Something just happened to Coffeezilla
Coffee it's been 3 weeks, come backkkkk
Oh yeah, Kevin feels soooso terrible. He can barely get through his scams lately. Just brings a tear.
It shocks me how few subscribers these guys lost after everything that happened. They moved on relatively unscathed. So many of their viewers were complaining in the comments section, but it appears that most weren't angry enough to unsubscribe.
I think a lot of their subs are bought shills. If we had access to the real stats with the removed shill subscribers I’d wager that their popularity would be noticeably diminished in comparison.
That's partly because they didn't JUST talk about crypto, and a few even mentioned the risk, to do your own research, and to not do it simply because they say.
Minority mindset talked mainly about investing in the broad market, living below your means, and investing the rest.
Graham Stephan was similar. These two were the probably the least to sell out vs Jeremy Andrei and Kevin.
People never listen to the warnings. We all know that investing, unless dividend investing, is a huge gamble. If you're dumb enough to put your life savings in than that's a you problem.
No such thing as bad PR. The debacle just made them more famous.
@@shaereub4450 nah they're all sellouts. Anyone with any financial understanding would recognize a pyramid scheme from the get go.
I hope he is okay man. Been a while he is not active in his Twitter.
Who, Kevin?
Coffee lol
@@KingxDavid2024 he on a coke n h*e binge. He got that big money now
Prolly died in a car crash after answering phone calls
Someone may have exposed his ass. Lol
As shitty as it is, I don’t think due diligence is the issue at hand when the company in question was intentionally concealing their fraudulent activity and those in charge should be held liable as opposed to their paid promoters at the end of the day.
That shows you just how much research these "gurus" are doing when they're recommending you to invest in something
What is there to research? The only purpose of crypto is to scam people. There is literally no other reason to promote it.
Bruh how are you this naive to marketing. You think the majority of people who endorse a product even use it. Take sports. Nike had to pay athletes to wear their shoes during games but at home they could not own a single Nike product. Gal Gadot did an android shoutout on twitter from her iPhone. There is a huge difference between a sponsored recommendation vs a non sponsored.
They’re researching how much they’re getting paid. If you don’t know that then that’s on you.
To be fair, there's no amount of research that anyone could've done with FTX without getting back-end access - something impossible - that would have pointed to any issues. The entire world thought FTX was legitimate. The only people questioning it were just guessing, it wasn't based on any actual evidence. So saying to "do more research" in this specific case doesn't work.
But on that note, it IS a good lesson to just not trust promotions period. Virtually nobody uses the crap they promote, whether they're a celebrity, expert, or influencer.
@Thejodad234 advertising a product or service is not at all the same as advertising and lying about expensive investments on the promise that they'll make investors money.
Hi Stephen. I wrote you on Instagram about something you might be interested on. It amazes me all the work and effort you put on all these crazy stories, it isn't only extraordinary, but NECESSARY. We need more "yous" in the world. THANK YOU!
Lytos, I don't understand Spanish, but you spit fire 🔥
Lol I have 1K that you got nowhere
That one influencer got paid almost $300,000 to promote FTX and shifts the blame right back onto his viewers. What a tool.
Ya as someone talking who received 235k I take his words with a grain of salt
Where's Coffee?!?!
I didn't realize it's been two months since I last watched coffee's content and he hasn't uploaded anything since then
This is either because he's dealing with some sort of law suit or he is getting death threats forcing him to stop creating content
Hopefully it's neither of the two and he's just going on a lengthy vacation..
More like no deceptive crypto news is good news. Why make a video if there's nothing to report.
@@mrdaxtercrane because we miss him
You would think he would at least post somewhere on one of his accounts tho right? From what i can tell he hasn’t posted anything that i can tell of since 2 months ago
@@mrdaxtercrane there is always a scam going on in crypto world
Maybe he took a payout 😮
You're so polite and yet ask better questions than any "news" station.
Facts
Agreed!
This is just WILD!
coffee are you good mate?
Its literally in the name of their job, influencer. They get paid to influence peoples decisions. Great video coffee keep it up!
That's a good point.
Too true.
They influence you, they don't take your money from you and use it however they want it's up to you to do your research if a phone reviewer gets paid to make a video about a phone and you go buy and it turns out you don't really like it who is to blame you or the phone reviewer?
@@starguardianshaco5054 That's a bad comparison. If the phone turned to be a scam then yeah you can blame the reviewer.
And as an ADULT it's your RESPONSIBILITY to NOT BE INFLUENCED BY NON-EXPERTS ON CZcams.
where in the world is coffeezilla?