How This 31 Year Old Woman Scammed JP Morgan
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- čas přidán 10. 05. 2023
- In this episode, we take a look at the story of Charlie Javice. A young entrepreneur who lied her way into a deal with the largest bank in America, JP Morgan. The bank quickly found out about the fraud and she could now be facing 100 years in jail.
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Outro: Burn Water - Adomania
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Producer: Dagogo Altraide - Věda a technologie
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I find it ironic that she defrauded JP Morgan Chase out of hundreds of millions and faces 100 years in jail while they have been convicted several times of defrauding people out of billions and no executives have faced any jail time whatsoever.
It is because (((they))) are considered too big to fail, and too big to jail.
Exactly, looks at those recent banks failures, and none of them went to jail and the fed know well they were defrauding investors..
True
There is no justice in this world
@D never was. The difference is that the bankers lobby (pay) politicians to put laws in place for their interests. This was never a 'meritocracy', 'democracy', ' or even a 'republic'. Europe had the monarchs, clergy and the serfs. They brought it here. The owners, managers (i.e politicians, executives) and worker bees.
Had she defrauded the public, she'd have been let go with just a slap on the wrist, unfortunately for her, she messed with the banks!
Fortunately for the public.
@@lovefitstudio well I'm glad someone is thinking of those poor billion-dollar banks! Thank goodness, what would we do without you?
But what if a bank messes up? A lot of cover ups, of course
I was thinking the same thing. Con $200K out of old retired person the cops won't even bother investigating, steal from a corrupt major bank and they will throw every resource they have to bring you to justice :p
A true hero. An inspiration for all Statesman of the US.
"didn't scam students, but scammed the bank"
👑 you dropped this
This might be the worst scam I’ve ever heard. Her plan was to hope that JPM would continue, for the rest of her life, not knowing they weren’t actually in contact with real customers. It’s absolutely brilliant
well, when you put it this way!!! hahaha.
Worse scam? I guess you have never heard of Bernie Maddof
Australian con artist did the same - on a much larger scale - $480m Aussi dollars - took off and now lives in Greece - untouchable by the Aussies.
This is what makes me think she might be innocent....scam is just so dumb....
@@semper7717Bernie was on another level. He got away with it for decades.
she stole money from someone who stole money.
Based
From someone who steals*
That the first thing I thought. "JP Morgan steals millions of dollars everyday!"
Is this woman Jewish? 👃
Has been stealing and continues to steal.
A prime example of "When the poor stole from the rich is called criminal, when the rich stole from the poor is called bussiness".
Exactly 💯
A prime example of "When the poor stole from the rich is called criminal, when the rich stole from the poor is called just another day".
She was born Rich tho
She was not poor.
It takes a thief
Charlie, had a contract, where JPM paid her legal fees. She billed them for $5.4 million in legal fees using 77 lawyers, and even there overbilled by $830,000. She cannot help herself.
She's kinda cute. I'd love to meet her.
Killing any chance of ever getting hired again besides McDonalds
....I don't blame her for stealing Dollars. It's the fastest devaluing currency on earth.
@@noneshere Your country, Russia. $1 USD equal 25 Rubles just 15 years ago. Today, $1 USD equal 97 Rubles. A 300% gain in just 15 years. 10 years ago, $1 USD bought 0.60 Pounds. Today it buys 0.80 pounds. 33% increase
Internationals hate the US because their immense power and wealth. No one likes the rich. However, when it comes to their money, they flock to invest in US companies, stocks, and the dollar. That shows what someone thinks. Don't listen to what they say, watch what they do with their money. People will bad talk out of jealousy, spite and there's no downside to it, but when it comes to money, they'll do what they truly think underneath it all because their is downside to it.
@@noneshere 100% opposite. US dollars have lowest inflation on earth. In 2009 1 euro was worth $1.40. Today 1 euro is $1.07. USD has gained 30% on the euro. The Japanese yen is even more of a gain. 1 dollar can buy 2x as much Yen as 10 years ago. Other countries definitely experience more inflation than the US. There's more faith in the US than other countries which is why countries like Argentina immediately cash out their paychecks and convert it to the US dollar to avoid their hyperinflation.
18K only for the professor? He virtually single handedly held up that scam.
looks like the prof made out like a bandit if there were no charges against him
That's what you get when you do business with these desert people.
@@alainportant6412 and here we go.... is there a shortage of gentile scammers?
seems he didnt do a very good job as most of the emails were junk
Well, he didn't do a very good job coz those emails were found to be fake. He should have created fake emails with bots such that when the emails are sent, the bots can open them and all would have been fine for this hot looking girl. Or she should have hired some Indians to open the emails. She should have understood that sooner or later JP Morgan would have found out.
Great decision by the engineer denying the request. Those are the types of responsible and trustworthy people we need.
Yep it’s all about character
I'm thinking she probably didn't know that you could track marketing e-mails. She likely thought "yeah if you send an e-mail and the address doesn't exist it's just gone into the void right?". The engineer knew lol
The engineer was questioning the legality of it, not if it's ethical. He might have still done it if it was legal.
She will get a slap on the wrist and walk away with a big chunk of the money she earned.
Engineers are held to high standards
Especially ethical standards, violate those and you’ll be in absolutely massive trouble
facing 100 years when not a single banker went to prison in 2008 . such a corrupt world
If the world was fair, all eight billion people would be wearing one shoe only and living in a cardboard box.
@@bmoshareholderappleshareho855 Typical brainless comment of a republican
Well if they didn't make an example of her,more people would partake in elaborate scams against the financial institutions then there would be a financial collapse in that country.
@@bmoshareholderappleshareho855 Funny, though inaccurate. We'd probably only have 2.5 billion people since the excessive number of people comes from a large amount of poor people having many children and those also all having many children. As wealth goes up, number of kids goes down. Many people have multiple pairs of shoes so I'm sure we'd average out to a pair a person just fine, especially with fewer people. And there's plenty of space to house everyone. So no, if the world was fair you'd have 2.5 billion people with shoes and a roof over their head living a decent life. But this assumes that part of fairness is that humans don't bring greed or other negative traits into the mix.
If the world was fair everyone would have birth control
"Because of her personality, we didn't trust she could get started in a real way" That is hella cold bruv
1% of the emails sent out by JP Morgan were opened: that's 4000! I'd hate to see the number of tabs she had open that day.
There were still 300,000 real customer profiles that emails would’ve been sent to
Now if she had been working for the bank and was scamming people like this, she would've been promoted in a heartbeat.
Yup, employee of the year award and all!
That part!
Working for the portion of the slave system marketed with specific fiction that includes bank? Arent you faking banks?
Who told you slaves can do finance when theyre lied about as citizens.
She'd run for Congress haha
I was just feeling half surprised they didn't just tell her to give the cash back
then treat the whole scam as an A+ audition for jobs w/ Morgan & Chase
As soon as I heard she was in Forbes' "30 under 30", I knew she was a crook.
Lol I have learned not to listen too much into what Forbes has to say
Everyone in the forbes list is a crook
Yep, Forbes is like a gallery of fraudsters, crooks and perverts.
@The LIM Report and it was made worse with good old Sam Bankman Fraud.
Lol. Exactly
I've said this for years and years. Some people have too much confidence for their own good.
Steve Jobs was one these "Some people" :-)
How many 30 under 30's have gone to prison. Forbes needs to work on their selection.
Until you realize that Forbes is colluding with the FBI to "catch" fraudsters. Too bad they aren't doing that to internet scammers and phone fraudsters
What baffles me is that when a common person wants a small loan u get turned inside out , but when it comes to 50 million or more a nice story will do🤔
Boy, wait until you hear about capitalism...
A nice story and 4.5 million users.
@@ingvarhallstrom2306 you sure it ain't nepotism? Or group favoritism, after all she's a wealthy New Yorker.
@@ingvarhallstrom2306 What does any of that have to do with letting people own their own money? Or do you just not know what capitalism is?
@@La0bouchere Maybe you don’t know. ☺️
I am not surprised that Chase overlooked the fake accounts. I tried to use them for a mortgage, and no one knew what they were doing throughout the whole process. I was passed off to about 15 people in total and each person didn't tell the next person what was going on with the mortgage. They would ask for the same documents again and again. Terrible company.
That happens at a lot of companies lol its annoying
Having previously worked at a few financial institutions, there are many high-severity risks that must be managed. Prevention of embezzlement, conspiracies to defraud, illegal business actions, and even simple addition errors can each destroy a company. Unfortunately and historically, one of the most practical and effective methods to manage those risks is compartmentalization of every business unit possible. If you've ever heard the saying about big companies that the right hand doesn't know what the left had is doing, then imagine that on a millipede with large financial institutions like JPMC.
It is mildly convenient that their due diligence missed this but they have a built-in scapegoat. I'm shocked that there's gambling going on at this establishment!
Did you get your mortgage?! lol
Not surprised, considering that Jamie Dimon openly scams the market on a regular basis as part of his business plan- falsify paper gold certificates, make 50 billion, pay 1 billion in fines to the SEC, rinse and repeat. This is how Wall Street operates
This is a very well done video. Surprised that I had not heard of this case before.
Defrauded a company, that along with most Wall Street banks, have been doing the same for decades
It's not that difficult to defraud those who are already blinded by greed.
The J - People are a greedy lot.
A great Conman, The Yellow Kid who lived during 1875 until his death in 1975, scamming and conning his entire life through an everchanging world said that was the one single constant in his swindles. Scamming, especially those attempting criminal acts, is the perfect method, as criminals have no legal recourse, and it personally helps the conman sleep better at night.
His first Con was working in an insurance company. He discovered his workers created bullshit extra charges that they pocketed directly from the customers. He wrote an anonymous letter for them all to give him 80% of it or he'd blow the whistle on it, and he created a safedrop system so he couldn't be caught.
There's a little bit of cope in his story. For the Insurance customers are of course being swindled, but now these Conman are stuck doing their misdeeds for extremely little.
Or blinded by wokeness.
@@toddbellows5282wokeness? Omg bro grow up. Banks aren’t woke. Any person using “woke” is being brainwashed into hate
right on
She just did exactly what they have done to us for the longest!
They are just ashamed because they got scammed!
FYI, It's extremely antisemitic to criticize her or them!
@ENFIELD ENFIELD No, it's not. They didn't say anything about filthy Jews. 😂
@@ENFIELDENFIELD how so? Just feels like a trigger sentence
#blockchain
Absolutely Chase scammed home owners in 2008 out of homes illegally and they were rewarded by the government with bailouts
I worked for Chase in my early 20s. I took a two week paid vacation and just never returned. They kept paying me for like 6 months before they finally realized. Nothing ever happened.
Dagogo. Thank you for you clear and compelling work. I enjoy your presentations. Keep on keeping on!
I watched her in a interview. She sounded really genuine and trustworthy. I really have to brush up on my skills in identifying a sociopath.
Maybe you could learn from her and develop some skills of your own . . . at making an impression.
Maybe she is genuine and trustworthy, but doesn't see a problem with defrauding the fraudsters.
Isn't that the point of a sociopath? They fake empathy and give an outward impression of being a nice person but they're not
@@basedalcoholism who do you think foots the bill when banks fail antbrain? Ordinary people
so she's a sociopath, so what do you call the banker who are stealing from you every day? Role models? fuck this western society man
Wow. She labelled her company "Frank" referring to honesty, yet she lied repeatedly about her customer base.
Someday a startup should name itself "LIE LLC", or "TrickedYou Inc."...but I'm to lazy to look them up, probably somebody already did, and banks gave them money anyway thinking the name was edgy and cool lol
That and "PoverUp" sounds like a way to increase poverty, not reduce it
A name like that is a red flag.
@@jayplay8140 That name was meant to appeal to the contributors, employing a gaming analogy to do so. By the way the dance group Straw Hatz has a fantastic Power Up video, among many others.
Do you think bank holds your money too?😂
Wow! She just couldn’t stop! Thinking she was invincible and finally she got caught.
Thank you for interesting story and very good explanation.
You should do one on the so called Forbes prestigious list and its history of picking fraudsters over the years.
Warch how money works channel immediately
oy vey! anti-semite!
Forbes is a paid for list.
Pretty much everyone on the forbes 30 under 30 list is a fraud to varying degrees. Some just manage to get away with it and make millions while others just get caught. In the end there are more frauds than legit business people on these lists.
This gonna blow up, faster than James Charles getting cancelled
Is unbelievable that JP Morgan was so utterly stupid as to not verify the database BEFORE handing her anything. As Michael Corleone said, "I don't trust anyone. That's why I'm still alive."
I don't remember Michael Corleone saying that in any of the Godfather films, which I've watched dozens of times. Is this a line from the Mario Puzo novel that never made it to the films?
Your right JP Morgan should of verified her customer list, but they were to greedy and for that they lost the millions.
@@salvo9718 Judging by 2008 crisis, they could have the same "fake it until you make it" motto, or have no problem supporting people that do.
Just like how the investment industry didn't verify the loans they were buying prior to the 08 meltdown
Desperate folks do desperate things
Great report. Thank you. Just subscribed.
Great video! You made the story interesting. Free money and social media help to enable fraudsters, but people have always been lazy about due diligence and there is a hysteria to find female entrepeneurs that makes the situation ripe for an unethical person who has the right look.
the strangest thing and almost impressive thing is how confident these people are to run with complete fake stuff and never crumble under the pressure. amazing , i couldnt do it
You underestimate yourself, I have faith in you.
Digital_Sam - You do it DAILY.. operating from a facade-self which is emotionally invested it maintaining it's own self-illusion and delusion for any number of deep soul-related reasons operating at essentially the sub-conscious level.. thus affecting how you operate in the matrix and viscerally experience it. You are a half-soul whose spirit body has a rose cord connecting you to the other half of yourself also incarnate on Earth and determining your sexual preference. You know NONE OF THIS AS TRUE YET (in your evolution).. yet look how "confidently" you operate from a set of falsehoods you do not know as yet as UNTRUE.
A lot of narcist (look at TRUMP) lie as easy as they breathe. Their brains are wired different way than moral normal people who know right and wrong and are empathetic towards others as these narcist need to win/get ahead is the most important end goal. Look up the article on LA Times: "The truth behind Trump’s need to lie".
@@jdwyer5708 whoa
Classic bullshit artists with new toys called the computer the laptop the internet the cell phone. You just knew is was going to happen when you were looking at fake AOL pages in a different shade of blue.
When people say "fake it until you you make it" they mean that as a way of combatting imposter syndrome when taking on a new career and building confidence/skills. They don't mean literally fake your entire life and commit fraud until you make it 🥴
in the same vein, I'd like to point out that "feeling like an imposter" doesn't count as imposter syndrome if the person is legitimately an imposter or is genuinely incompetent at their role
You don’t need to find a hidden noble meaning for something that spells out loud "deceive as much as you can". 😂
@@jansix4287 But that IS the meaning of the term, it's not finding a "hidden meaning". It's being misused by a scammer, that doesn't change it's actual meaning.
@@Nikki_the_G Nobody ever heard of this so-called true meaning. As far as I know there is no cure for the imposter syndrome. Just a description of the condition. If you google for both terms, you will hardly find them mentioned together. But you’ll find countless situations in which "fake it till you make it" means quite literally "fake it". Not just to convince yourself, but everyone around you.
Well, that's the positive version anyway. There are plenty of examples of people faking success and acumen, turning that into more prestige, then doing well enough to be hired to do something else. Trump is probably the best example - he's lost more money than he's made, and yet...
Got a new drinking game. Everytime he says “QUOTE” you have to take a shot…….OMG IM HAMMERED🤣🤣🤣🤣
Love your work.
JP Morgan to Charlie Javice: You can't scam people, that's our job.
😂
😂perfect!!
😂😂
In that case it's kinda surprising she was fired.
Moral of the story: you don’t get away with scamming the scammers.
😂😂😂😂😂😂😂😂😂
The insanity of taking a job at the company she scammed, and to not delete the emails that proved her deceit
As a marketer, I get frustrated when people say that scams just had “great marketing.” Great marketing isn’t lying. If I could lie, I’m sure my marketing would be more convincing. But then the customers would find themselves with a medical device that doesn’t do what they thought it would.
@@izc1697 You’d have a point if you were just saying that a product doesn’t have to be great for the marketing of said product to be great. But that doesn’t have to do with what I said. I just said that great marketers don’t have to lie. Even if the product sucks, it could still be marketed well while still being honest. Your statement “that’s what everyone does” is concerning and untrue. For example, if I lied in my marketing, my company would get shut down by the FDA, and rightfully so.
They're your customers, not your victims!
It always blows my mind how there’s people that are “supposedly” smart enough to create a fake business, yet dumb enough to actually think their scam would work.
😂 so true
lol
I mean… it did work. They gave her the money, she just got caught after.
@@babyvia6712 then it didn’t work 😂it only works if you never get caught . Your better off doing it legit 😂
you’d be surprised how many scams actually worked and we just don’t know about them
If people like Charlie can scam banks that easily, then the U.S financial system needs a Herculean overhaul.
Nah. Change Charlie with a black young intelligent guy and that scam becomes impossible.
She only scammed them temporarily. The remarkable thing about this story is that she thought she would get away with such a stupid scheme.
What about the professor that fabricated the customers for 18k... Wonder why the education system became woke indoctrinating...
@@KarlBunkeryeah really, at least scrape REAL emails!
@@hydrohasspoken6227 Nope, black people commit more crimes than anyone, half of them even though they claim to be an “oppressed minority”, this scam doesn’t care about race, Steve Jobs was half syrian and that din’t stop him from being successful, face it racism isn’t real but rather an idea created from people who don’t want to work, im albanian and ive seen albs be racist, but i have NEVER seen an american be racist towards me or anyone (except black people)
🤣🤣🤣 Anyone notice that Wharton produces famous conmen and conwomen graduates?!?! 🤣🤣🤣
the idea of micro-loan comes from a comedy called "yesman" starting jim carry !! 😃😃😃
You should make a whole video about the Forbes 30 under 30 list, which is mostly filled up with people who paid to be listed there. I wonder how many of them actually run scams or end up in prison over the next several years
you will know- check the background on Janice, JP morgen, National reserve fund...check what all these people have in common.
Patrick Boyle has a vid on it
"... or end up in prison ..." lol, good joke
@@ThomasVWorm also Liz Holmes, Theranos?
You should search Patrick Boyle. He's already done a video on what you said.
The Hypocrisy of the banks is absolutely mind-boggling.
FYI, It's extremely antisemitic to criticize her and/or criticize banks!
#blockchain
#bitcoin
@@ENFIELDENFIELD That's not even a real term. It was made up from the adl after a guy named Leo had murdered and violated the body of a young girl and tried to cover it up. The town ended up hanging him thankfully.
Personally….I think it was quite brilliant. Americans and other foreigners are scammed everyday by hidden fees, or companies taking your money quick but getting your money back in 5-7 business days, etc…
Sounds about wyte!
Creating wealth Through the right information.
I think most people want to try out a financial advisor but the amount of information on the internet is overwhelming. I would recommend anyone out there to work with Emily Capehart.
A well rounded portfolio should be a mixture of both categories. One way to minimize the anxiety out of stock market, is to make sure you keep a large cash cushion start now.
dude yall need to up your bot thread game, ive seen ones with like 20 comments and you are out there with 2 lol
"Wind Beneath My Wings" plays "Did you ever know that you're my hero, you're everything I wish I could be..." crooked ass banks
I'm astounded by the fact that JPMC in its due diligence report failed to confirm a simple email list was fraudulent before the deal closed, not 2 months later. Like buying a car being told it runs great. Then after the purchase, discover there is no engine.
😂😂
there are strict data privacy laws which prevent them from seeing if those email addresses are real... Javice is smart to exploit those but still too stupid on how everything works
😂😂😂😂
@@PrivateJoker0119 A smart company would have asked her to show them the email list in operation.
@@hb1338 no, no, there are data privacy laws which protect user data which includes their email address.. there are other ways to verify those email list without actually seeing those exact email addresses, and even then there would still be holes which Javice can also exploit
You should also highlight the fact the 30 under 30 is actually an income source for Forbes. People can legit buy a spot on that list.
👍Just like people buy Hollywood street stars.😊
No wonder it’s a list full of scammers.
30 under 30 is a massive joke. All scumbag scammers.
Ironic how she defrauded JP Morgan Chase - Probably the most corrupt bank / open money laundering service.
Ah so you also watch How Money Works
@@dosmastrify Dang, you beat me to it :D
Greetings, fellow HMW viewers!
excellent video dude, thanks
Jp Morgan's desperation and greed explains why they got duped. Greed looks past all the red flags and chooses to believe lies
We are infatuated with these young, "brilliant" doers. Most of them are frauds, narcissists and incredibly spoiled children
To much zeal to make quick money by any means
There was a saying in the 60's to not trust anyone over 30. That should be changed these days to not pay any attention to anyone under 30.
I agree 100%
some are, its true. I had a managing director who was so convinced that anyone under 27 had all the answers he started this in-house thing called "Future Leaders of Tomorrow" and they all had to go and listen to him talk about himself after work once or twice a week. Not once did any of them ever come up with even a sliver of a fresh idea. Company went broke and now that MD is working as a construction site manager and probably copping heat from many people he ripped off on the way down.
@@ZoomStranger Damn, that's the saddest story I've heard all week!
The worst part of this is if she had just been a tiny bit more careful she could just get away with it. Makes me often wonder how many very successful companies that we know about are simply scams that managed to avoid being detected.
So many startups do this, its actually insane. and often investors do not care as long as it inflates their return. JP Morgan only freaked out because they were at the to of the pyramid
I wonder about that too because I've worked for borderline scam companies in the past. I interned in email delivery ops for a digital marketing company ~15 years ago-- our main clients were shitty for-profit universities. We would generate leads (aka ensnare prospective students) for them and our revenue came from what those FPUs allocated as part of their marketing and outreach budget. They took in all this federal loan money + tuition payments and we got a cut of it. We also purchased lists of emails from data brokers and sent those people the dumbest clickbait ads from our other scammy clients-- this involved some dark UX patterns that made it very easy to opt-in but rather hard to unsubscribe (we did get fined for this occasionally under CAN-SPAM).
There's a spectrum of scamming and grifting... hard to know exactly what's happening within any given company unless you're working there.
I was 9 years old when I picked up my dad’s warren buffet book in a basement spring clean out and read -if you can’t understand how a company is making money -don’t invest. Do your research, but if it doesn’t make sense -don’t invest.
Ai will trace them in faults anything developed by autistics is honest
@@nnn4341 I just wrote a similar comment about using purchased lead lists before stumbling onto yours, which makes me wonder. If I, and some random stranger 2 comments below mine, thought up a better way to get away with this - how TF is it possible someone gets JPMC to dish out millions to them, while I'm over here grinding away at whitehat shit for pennies? 🥴
Goes to show how badly money corrupts. From the bottom to the top the money scammers will always flop!
the irony here is actually painful. I hope she takes it to trial...I cannot imagine a true jury EVER finding her guilty
When the banks press charge against you, you get 100 years in jail, but when you press charges against the bank, they get sentenced to a 100 day vacation with pay and bonuses.
...THAT PART...
Yes it's a rotten as system!
Can't win in their court Tribunal Courts for Crooks
That's how we roll, baby! Churn 'em and burn 'em!
Did you seriously expect to live in a world without hierarchy?
Its extremely stupid to think that one can fake over four million email accounts and send the fake data to "the top most bank" and not get caught. Sometimes I have personally seen in the startup world that young people overestimate themselves and rather than build a robust business they are more about chasing a self image about themselves.
They're just imitating what they think they see without having enough intelligence or cunning to see the complexity just beneath the surface.
She was too busy "working on her brand" lol.
Thing is, with better people around her, she could have actually gotten away with creating 4 million fake accounts that were maintained by bots and continued to trick JPMC long into the future. It's the lack of attention to detail that I think makes her a typical millennial - a sort of naivety that comes with not properly understanding how the internet and fintech work because they came into it a bit late in the game.
That is what I am starting to understand. After watching a few videos about these types of frauds. That, in this Age of Social Media, people are getting 'hooked' on building a 'Social Image'. And thinking that the whole world puts as much stock in that '[social] Media Image' as the people they see around them (on social media) do. Thats why they seem to be living in another world; one where they wont get caught in a blatant lie...
I'm thinkin', why dont they just put that energy, effort and all their resourses into getting their platform to work. If it can't be done, then at least they tried everything!
But I like the point this video makes about grifters trying to catch Money that they missed out on that they saw other people make during a period of expansion; that the economy just is not in a condition to payout. I'm also noticing that some of the HUGE GAINS that were reported in the the press recently -- didn't exist; Those Huge Gains were falseley cited / exaggerated by FTX or NFT Promoters, etc.. as part of ads and promotions. Only the founders were getting paid those amounts from the Ponzi scheme; and the allready wealthy Rock Stars, Rappers and Movie Stars, that the scammers paid to say "I made massive amounts of money from NFT's/etc.." they made a bit of cash for doing some of the publicity.
she had 2 months to get out of US and live a life of luxury with her millions in thailand or cambodia or any other south east asian nation...she needed to use another persons name to create a fake passport and get out with the cash...by plane or boat ir any way possible...banks in south east asia will open your account when you got the cash but in western nations not so easy
It’s crazy that people murder and are sentenced to less time than 100 years, yet she is sentenced to potentially that long for fraud
Micro Loans... Brilliant!! Same idea Jim Carey had in Yes Man. LOL.
Ive never understood how scammers can be so knowledgeable and lack the skills to make money legally.
because they get away with it for so long. Look at Donald Trump. He's gotten away with it, for the most part, for most of his life. You think people see him as a cautionary tale? NO! They see him as something to aspire to. If you can fake it till you make it long enough you too could be president.
Honestly, maybe the majority of billionaires are fraudsters, but the playbook skews in their favor.
@@robynpayne9448 Name one
@@nonyadamnbusiness9887bernie madoff
She’s not that knowledgeable. There are rules for running a successful con. JP Morgan not only quickly found out they were conned, but she was still around when they did 😂
She really thought she was some sort of businesswoman, when she was really just a con artist.
the scarier thing would have been if she decided to start an MLM company and hurt ordinary people directly instead of a giant corporation, and she would've still been duping people to this day and get away with it
This is hurting ordinary people.
Like JP Morgan?
Peter feel foundation… I definitely misheard that 😂😂
Great job!!
Love your work, but this one really hit close to home!
From the span of 2002 to 2014, I co-developed and admin'd three progressively better online systems to ease the FAFSA process for Louisiana students (working under my state's Dept. of Ed, under two agencies and a number of grants)... the idea of a 5-minute FAFSA is even more absurd than the Theranos' blood drop scam. On a related note, I was often in contact with other states doing the same thing, so one reason she wasn't getting business is because there are a lot of states that have very robust guidance and assistance applications that are truly top notch (and free for citizens of those states).
Sorry for the ramble, brilliant video as always.
Hey your comment was quite insightful- ramble on
That is noble work.
The fact that the system itself is complicated enough that essentially everyone needs guidance to do it, says a lot more about FAFSA than it does scammers.
@@L33tSkE3t - ah, I just happen to be a geek fortunate enough to be a tiny gear in a larger machine! After that role, I went private sector for a few years, but now I work with the state health dept. Doesn't pay as well, but it's more fulfilling.
I mean, at a company, you're working for someone else's dream, but at least where I am in state-level grunt/dev work, I'm working for my dreams and my neighbor's in a way. It's really, really rewarding. I really am the lucky one.
But why can't there be a unified fafsa platform, I think that's the goal she was getting at.
How do these people live with the anxiety of being caught? I can’t keep the secret that I took an extra Oreo without confessing.
🤣they're born without a conscience, like this predecessors
Without conscience and look at their bank account
Psychopathy has no anxiety. No morals. No fear. Even when caught, it is confident it will be released to resume it's normal function and consumption. These things are not human.
There are so called "People of the lie" as per psychiatrist M. Scott Peck. Interesting read.
...THAT's where the Oreo went!!! How dare you!
100 years?! Damn! One of the oldest and biggest known scammers in history has friends in high places for those who scam it.
Great pres my friend! Wow " Fake it til you make it" is just astounding mentality indeed. I am a baby boomer and cannot understand this on any level. They are way too overconfident IMHO.
The irony of her naming her company Frank based on the definition of honesty is hilarious
MindGeek (the parent of Pornhub and other adult entertainment platforms) was acquired by a Canadian private equity firm called Ethical Capital Partners.
ironic too.
Scammers like to say they are honest.
@@indrapratama7668😊
@@dennisgorelik honestly they're scammers 😂😂😂😂
Another amazing video!
Nice
nice 👍👍
Nice
Good
Hi
Watching all these scam videos makes me feel so inadequate 😂
this would make an interesting movie. I remember a girl claiming to be a rich socialight
From 2000 to 2022 JPMorgan has paid over 26 billion dollars in penalties for their own defrauding and financial offenses. And that's only the ones they got caught for.
They get really aggravated when someone tries to beat them at their own game.
💯💯💯💯💯💯💯💯
You took the words right out of my mouth!
Yes but this is why we invented companies - to take personal liability and shot it to entity liability- you are not punished the same if you do things under umbrella of a corporation and pretend “you didn’t do it on purpose”
lol
So two wrongs DO make a right? Got it.
The difference between this story and the FTX story is that in this story, she tried to steal from the legacy system, which is absolutely NOT allowed. With FTX, they were stealing from regular people, which seems to be totally fine with the SEC, etc…
To be fair. people go crypto specifically BECAUSE they want to avoid any regulations and government oversight. They got what they paid for.
@@teniente_snafu I don’t mind having oversight & regulations… if those put in charge of those were not corrupt AF. I don’t think I’m alone it that sentiment.
FTX and Bitcoin and all that are grey markets. The government and Big Bank don't have control over it. That's precisely their sales pitch yet also their downside.
If someone steals legacy money in a legacy market from you, you'll be amazed to find law and bank will side with you.
Then there is also no motivation to help people who get scammed in Crypto for the very reason I just outlined.
By going Crypto, you send the message that you want something alternative. Listen to what agents of Big Bank say about crypto. Warren Buffet for instance has repeatedly said, he'd never deal in crypto, not even if the deal was lucrative and skewed in his favor. Because Crypto isn't a real asset, it has no real grounding.
So whenever people get scammed in crypto, you can assume all legacy powers to rub hands and laugh, prolly quipping a oneliner outlining how it's your own fault by giving your trust to these crypto entities.
If the legacy system is ok with FTX why was their founder extradited and imprisoned?
@@kethmarhkfy7luf.263 Yes, FINALLY. It took them long enough! Sam Bankman Fried was NOT handled in the same way another person who committed a similar crime would have been.
If she went and pivoted to a marketing agency she'd be famous rn
One would think someone clever enough to steal that much money would be clever enough to hide it.
All this literally tells me is that JP Morgan does not know how to run a due diligence on a database. A bank not knowing how to verify KYC details on potential customers sums up the brains behind the enterprise.
Yes they should be fined
Are you saying they should put diligence over their policy of diversity and inclusion? The company was run by a woman. Ever think that may have played a role?
Anyone could have said and should still say, "Jaime Diamond is a tool...", but imagine the social media backlash, with accusations of misogyny, white privilege and bias you'd have suffered, had you spoken out about this great "social justice warrior" as her scam was gaining traction...
This all could’ve been avoided if JP asked their interns if they’ve even heard of the business😂😂😂
lol! I was thinking the same!!!
Common sense isn't common, even to big banking companies
Brilliant!
@@burntnougat5341 For them, it's all about money. Common sense is dead to them.
The intern would have heard of it. The company was all over the media. It was in fact an actual functioning company with real customers. The problem is that the number was no where near what she was selling to JP.
Forbes 30 under 30 translates to “the 30 best fraudulent people under 30 years old”.
One way to tell if your being scammed or not, is if everyone else thinks they are charming. They are good talker's and everyone loves them. I remember a couple of years ago even Oprah said if you have good communication skills you can get by with anything. It's true, dress nice, good talk, be humble and you have people falling at your feet.
I think you can specify it a bit further and call it suspicious when the person gets more attention than what they allegedly made. If you think of all successful companies the CEO isn't a celebrity
I love this comment. Thank you!
The Pied Piper Affect
People love to feel good rather then do good
Worked for Ted Bundy, for a whlie.
The irony is that JP may have still been interested in 300k and she would have got capital to turn it into 4mil, but at a smaller valuation. It’s not money that’s the route cause of all evil. It’s greed. Clearly didn’t think it through though in desperation. Buying 4 million legit emails would have been a way better option than generating fake ones. Like how did she think that they wouldn’t notice the first time an email was sent 🤷🏻♀️
I don't agree. Even with the smaller number of subscribers after digging enough it would have been obvious that there was zero value. Her only skill was her ability to look great on social media. The end.
It never was 'money is the root of all evil', It was 'the LOVE of money is the root of all evil', which means 'making money your god' . Big difference.
I like to think that JP would have been fine with 300k but for some reason I feel like in the investment world that JP Morgan hovers over, they probably only chase the go big or go home type of businesses. Meaning if you are too small, they won’t bother, but if you are a giant business , it will be “worth the effort” to take over that business
I doubt that she even has 300000. I think this number is simply the number of emails that accidentally happened to be real...
@@teksal13Amen! I was going to point out the same distinction. Greed is a by-product of the LOVE of money.
I think it's interesting that people think that the fafsa is hard to fill out. the first fafsa I filled out was daunting, but then it took me like maybe 30 minutes to do it for the next 8 years (Bachelors and masters). It's not hard, you just add your tax return forms and you're pretty much done.
I don't know how people can do stuff like this and not have to fear of having to look over your shoulder every second of your life
She's the real life example of "Fake it till you make it, until you don't"
Nice. That was my motto . Not the "until you don't" part. I crossed the line in a small way several times. My first mortgage...giant mortgage company... The loan broker handed me a stack of paper and said ..sign them.... we'll fill in the rest. Then he asked me "how much would your boss say you make"?
I realized Bruce .. really Bruce.....not even really my boss as I was a subcontractor, he would also sign anything not outrageous.... I got the loan obviously....later when I became a builder I found this was the norm. ...appraisers would ask me what the appraisal needed to be!!!!!! I never defaulted!!!!! I thought about going into the big numbers....I'm not sure what stopped me!!!!!
@@vincentconti-jb3hd maybe it was right dude that something stopped you, maybe it was your own subconscious , you fly too close to the sun , you get your wings burned. That's where the " until you don't " part comes from.
How she went on a media frenzy tour with podcasters and youtubers and influencers. That kind of thing spirals out of control and gets a life of its own.
@@simulationkoyo You can scam almost anyone in today's age by involving influencers, look at all the crypto and NFTs scams and its the common gullible folks who suffers and these influencers profits off the losses of the masses. Zero Accountability, Zero Regret.
She wasn't "fakin" it or "makin" it...she was just takin' it 😂
Imagine how many fraudulent/shady companies are currently operating right now that we don't even have a clue.
and once you start looking at their OY-BERGSTEIN-VEY surnames you'll find they all have the same thing in common
@@bitcoinisfreedommoney.fckt2663 Reeeeee!!! Stop noticing!!!!!
We run into them from time to time. That's when we all get scammed.
Sounds about wyte!
She is a genius as she understands how the real world works! Only if she admitted to herself putting her ego aside and do it properly which is not racing towards success with madness, not risking it as she knew that there will be a depper search in the fake list, knew the bank mean serious business when it comes to amount of money and will herself in the mud, and she knew it all along but took that kind of risk. Many people are giften with a sharp mind, the problem comes when they realize it and know how to use it to its full potential and be overconfident about their moves. To end those old people she said in her quote have experiences which is far greater than the sharp and bring mind and intelligence she has! Careful and being cautious which was what she needed and she was already being praised and marketed for free, one example is forbes and the rest is history!
Scamming the scammers. Love it. ❤
Crazy how you get a longer jail sentence stealing money fron a bank than attempted murder (which is usually 15 to 25, but many cases where its under 10)
I understand your point. Then again It's All About the Money. So sad ... I am disabled critical care nurse( the nurse that keeps you alive until a Dr. arrives). Now, bank foreclosed on my home in the middle of a mortgage loan in 2016. The bank robbed from
Me...
If for es wallet put me in photo on construction but fails to let me log my put it in print costs. N awards of worlds richest models things all the jobs lists places switches to hide I guess on so many alerts
Forbes wallet n rental offices n school n things. It's such a mystery build a boat movie or bridge or temp travel DVD n giftcard webpage changed access
its because of the number of crimes commited
JP Morgan should have hired her as the marketing head instead of sending her to jail. She fleeced them so well.
Marketing is a far more professional discipline than you think. It is a key strategic function - not the 'con' department! Grow up, you clearly have very little business experience at all.
^^ oh look we found the marketing guy.
@@cybercat1531 You bet!
hire her to do more frauds and let Jpm lose billions for frauds?
Netflix will to make another show.
You are brilliant.
When you scam a scammer you should get a medal 😅
Less than 300k customers could have also be impressive. Maybe she felt the need to lie just as some CZcamsrs feel the need to create click-bait video. Thanks for honest high quality content as always!
As a small business owner, I made similar comment on news site when this broke. 300K customers and she couldn't make an honest go of it.
300k wouldn't get her an acquisition let alone almost 200 million, see how they already lost a previous offer because the numbers were too low.
@@ingusmant
Depends on what she was willing to sell for 🤷🏽♂️
I agree with you how much investors love start ups 300k people would probably still be interesting enough
@@ingusmant Right, but in a year it could be more and she could start a progressive performance based relationship with future buyer.
Wanting to "solve poverty" is one of the most juvenile "ideas" a young person can come up with. It's literally the standard answer at beauty competitions.
but her personalititties are fine so i'll let it slide
Whirled Peas
Right, and notice how it often comes from idealism coddled by affluent upbringing?
'The poor you will always have with you.'
some people in our nation....dont have maps!
Interesting...she was and should have just gone into the sales division of a bank....apparently she has the knack of pulling deals off. Well she is done now professionally for the rest of her life. If she got to keep the money, which I am sure she someone hide it away., she has no future. Done. It''s a shame because I bet she is really smart, attractive and charming. Like a said...a perfect salesman.
What no one is talking about is why the Department of Education had such a complicated application process in the first place.
Also, it seems like she had a decent shot with legitimate business given she already had 300K people using the service.
She scammed the rich. That ALWAYS has consequences
No good deed goes unpunished
Should've just stuck to scamming the middle and poor class like the current people in power.
That was why Madoff got more time than killers.
Scam the public not so much....
More accurately, she scammed the jews. No one gets away with that
How could they have accepted that deal and paid her without checking the customer list is real? That's incredibly poor due diligence!
Not sure how you'd do that based on the info they provided, I've received emails claiming to be from my bank etc, I immediately flag them as SPAM and block and report the sender. That should be everyones reaction, banks have to communicate some other way, they can call me or send me a letter. If they call me, I typically ask them for paper mail regarding what was said as confirmation.
@@noth606 They could check with FAFSA. If there was a jump in students claiming those scholarships or not. If there was no change in trend, then the company whether had or not had 4.5billion students is worthless. Seeking trends is relatively easy. Paid info for sure, but relatively easy for organisation like JPMC.
Combination of both trust and privacy issues it would bring. Checking private citizens financial details by a third party is a rather big no-no. Which basically meant they both legally and for the stability of the deal couldn't check until it was already finished.
Actually it's not, it's just pure GREED! :-) They thought it's a great opportunity to make money off the back off poor students, and took a byte! 🙂
Its wild the bank didnt pick up on any of this for a while
Girl defrauds JP Morgan - goes to jail
Now do the story where JP Morgan consistently defrauds millions of people and ... Nevermind
Banks are scamms publicly accepted lmao
Exactly.
It's because she's garbage at scamming.
SBF and Bernie Madoff -- those are the ones that make the headlines.
Plus she probably started crying and offering BJ's in order to be let go.
Everyone rolled their eyes and then just let her go.
Trump defrauds America - goes to white house.
@@simulationkoyo someone starts developing dementia and gets shoved into the white house.
What i learned in the 2000s is to be rich you have to be a fraud.
Everyone in 30 under 30
This is the crux of the matter, IMO. The bulk of my life has been post-2008, as a young millennial / older Zoomer. I grew up in the wreckage of the monumental financial fraud perpetuated by the big banks, and I've been working in an unhealthy economy distorted by abnormally low interest rates for all of my adult life. It feels like the only way to achieve "success" in this environment is not with hard work and discipline, but with hand-greasing, exaggeration of claims, and lucky connections. I'm saddened and disgusted, but also not entirely surprised, that younger folks with zero moral compunctions, feel that brazen fraud is the only way for them to get ahead.
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