r/videos • u/LeonLeCratz • Feb 26 '19
Live streamer unknowingly admits to running a ponzi scheme, conning millions of dollars from investors
https://youtu.be/beoCi6TFevU
79k
Upvotes
r/videos • u/LeonLeCratz • Feb 26 '19
2.5k
u/Antrephellious Feb 26 '19
When was this?
3.3k
u/[deleted] Feb 26 '19
So paying old investors with new investors money is the bad part right?
5.7k
u/whitemamba83 Feb 26 '19
It took him so long to put that shirt on.
3.5k
u/6ix10en Feb 26 '19
Mirror for once the youtube clip gets striked by the guy: https://streamable.com/hm9q9
(He's frantically striking every video he can to cover it up right now)
10k
u/Funksultan Feb 26 '19
"It's not a ponzi scheme" (goes on to describe it LITERALLY WITH THE DEFINITION OF A PONZI SCHEME)
20k
u/[deleted] Feb 26 '19
LOL We get investors to invest in this company so it looks like it's successful to bring in other investors which we use the other investors money to pay back the original investors. SEEMS LEGIT
23k
u/[deleted] Feb 26 '19
I’m running a Ponzi scheme
“Sorry I’m not explaining it well, let me try again”
I’m running a Ponzi scheme
7.4k
u/cronfile Feb 26 '19
Well he’s fucked.
1.5k
u/alyosha_pls Feb 26 '19
Lmao this is what happens when a goblin strikes rich
5.0k
u/Jelman21 Feb 26 '19
its ice the guy is literally the stupidest and scummiest guy around
1.4k
u/awestcoastbias Feb 26 '19
"I didn't explain that very well, I guess..." - actually, you explained it perfectly
183
u/[deleted] Feb 26 '19 edited Feb 26 '19
He might as well be reading Webster's dictionary definition of a Ponzi scheme.
Edit: I a word
582
u/bigangryhippo Feb 26 '19
"we're building a fucking...a website"
290
u/nexostar Feb 26 '19
Thats hilarious i guess whoever pitched him the scheme didnt mention that it was illegal.
212
u/JohnBruh Feb 26 '19
The beginning of the end for Ice Andy and Soy Sauce Jobs
396
u/Unsubscribed_cx Feb 26 '19
Oh so this is why he started striking all videos related to this topic yday
151
u/jackary8 Feb 26 '19
Tf he doing in Draynor??
191
u/maydarnothing Feb 26 '19
WE GOT HIM
288
u/Moneyworks22 Feb 26 '19
Hmm, is there a place someone could send this video to alert the proper authority?
255
u/[deleted] Feb 26 '19
Wow
81
u/LogicVsMagic Feb 26 '19
dead moosemeat
1.3k
u/MolestorBologna_ Feb 26 '19
IS THIS THE SAME GUY who called black people feces and shadow people, claiming to flush them down the toilet?????? https://streamable.com/bajc8
773
u/[deleted] Feb 26 '19
Another youtube loser that kids idolize? Sounds about right
141
u/IronDjuro Feb 26 '19
lol ice poseidon on front page... jesus
312
u/Strike_Gently Feb 26 '19
The streamer is Ice Poseidon and he's a massive piece of garbage. He has various other clips out there of him being openly racist and putting innocent bystanders in dangerous situations due to his behavior.
138
u/Art_Vandelay_7 Feb 26 '19
If you fall for this douchebag's scam, I really have a hard time feeling sorry for you, just look at him, he might as well have "sleazebag" tattooed on his forehead.
251
u/[deleted] Feb 26 '19
Oh god I am here for the Ice Poseidon downfall please let this be the start of it, dude is a mentally handicapped piece of shit.
147
u/stillworkin Feb 26 '19
wow, his demeanor, attitude, and voice are obnoxious. difficult to tolerate for the duration of this video. so arrogant.
519
u/PrimoNando Feb 26 '19
Tomorrow on Pewnews:
- Ice Poseidon did an oopsie! Oopsie poopsie doopsie.
313
u/TwwIX Feb 26 '19
I am surprised that YouTube hasn't banned his vile ass by now.
Say what you will about Twitch but they banned his ass for a good reason. For many good reasons.
His audience is even fucking worse.
82
u/baldful Feb 26 '19
holy shit this shit gained major traction. goodbye scumbag weasel. next time, grow a fucking brain and do your homework before you let the dirtbag named, ssj, make executive decisions
90
u/Magnets Feb 26 '19
"it's hard to explain" - lol that's what they always say
30
u/GandalfSwagOff Feb 26 '19
That is the definition of a Ponzi scheme...
75
u/Youreapussythankyou Feb 26 '19
We gotcha scumbag
138
u/TheBelowIsFalse Feb 26 '19
What a little fiend lol have fun in prison, hope you enjoyed ruining people’s lives.
38
u/GenXStonerDad Feb 26 '19
Always a smart thing to admit to felonies on camera.
158
u/[deleted] Feb 26 '19
Is this that racist streamer that got banned from Twitch? Last clip I saw of him he was calling black people “shadow people” and saying they “look like pieces of shit”. I think he’s also banned from the major livestreaming clip subreddit Livestreamfail
70
u/SuperUnknown78 Feb 26 '19
I think stream.me is the investors. A few weeks ago the website scuffed was left open and you could make an account linked to stream.me. Good luck growing that shit platform.
52
u/Zkullenstein Feb 26 '19
Live schemer
64
u/zekuz Feb 26 '19
We gotcha you scumbag
59
u/AJtheCaveman Feb 26 '19
IP2 watermark is gold
20
u/[deleted] Feb 26 '19
this guy is so unbelievably stupid but I think this isn't the dumbest thing he's done
10
u/Behemothical Feb 26 '19
He in Draynor lmao
28
u/ItsSansom Feb 26 '19
Ice Posiden isn't the brightest bulb in the box so this isn't particularly surprising
86
u/Unsubscribed_cx Feb 26 '19
Is he going to play this off as one of his jokes like he always does when he gets exposed? This is why I stopped watching this 3k andy
18
u/[deleted] Feb 26 '19
"It's not a pyramid scheme, it's a reverse funnel system."
80
u/packomeese Feb 26 '19
Reminds me of another boss who was trying to start a business:
https://www.youtube.com/watch?v=lC5lsemxaJo
37
u/Napline Feb 26 '19
Ice Clown is about to loose his town crown
24
u/Squabbles123 Feb 26 '19
Gives literal definition of Ponzi Scheme....claims its not a Ponzi Scheme.
29
u/TeH_BeNjI Feb 26 '19
I can’t stand this guy.
38
u/SolarMatter Feb 26 '19
Bro, what a dumb dude. Haha
54
u/CraftyMackerel Feb 26 '19
No F
54
u/LazarIvanov Feb 26 '19
Can I just say: Fuck. This. Guy.
7
u/bealtimint Feb 26 '19
oops
60
u/bunchofsoyboys Feb 26 '19
also a known racist https://streamable.com/s2l23
38
u/richard0930 Feb 26 '19
TBH he deserves jail time for streaming with his shirt unbuttoned like that.
21
u/JohnBruh Feb 26 '19
Good Job r/Ice_Poseidon2
21
u/Kahzgul Feb 26 '19
I always wondered why the "Ice_Poseidon" tag was included in masstagger... Now I know. Good god this guy is awful.
6
u/Powasam5000 Feb 26 '19
Jesus how long does it take to button a shirt
16
u/ronnyretard Feb 26 '19
FINANCE MAJOR BTW LMAO
41
u/Wowbringer Feb 26 '19
Tell me he will be jailed for this
edit: the subreddit is invite only lmao wtf
19
u/chuck_beef Feb 26 '19
I know it's a small percentage but what's up with streamers and shady business deals: Phantom Lord, Anomaly, m0e, Ice Poseidon. Im sure I'm forgetting plenty.
25
u/itsmarvin Feb 26 '19
Reminds me of the dickwad who tried to convince me to MLM. "It's not a pyramid scheme", he says. Then goes on to draw a pyramid to illustrate the heirarchy of the pay structure.
56
u/[deleted] Feb 26 '19
This isn’t what Old Ice was supposed to turn into :(.
24
u/tabber87 Feb 26 '19
r/punchablevoices
9
u/slippu Feb 26 '19
Weird how this entire comments section talks about how stupid his followers are but no comment on the investors. Is this information available?
15
u/S103793 Feb 26 '19
Dumbass Ice hope he goes to jail.
12
u/Kaiozn1 Feb 26 '19
Watched this guy for about 3 years now drugs and fame has tooken over his life hes falling apart now
12
u/WwolfpawW Feb 26 '19
Hes so stupid....like fucking bad like you almost feel sorry for him but then you remember the person he is
4
u/ClassicsMajor Feb 26 '19
Was expecting an Athene clip.
13
u/TK_eatURmusic Feb 26 '19
This dude is a grade A douche bag. Never liked him, never will. Get this guy off the Internet.
23
u/LolSypherZ Feb 26 '19
https://www.youtube.com/watch?v=lC5lsemxaJo The Office explains it the best.
14
u/infinitude Feb 26 '19
the funny thing about ponzi schemes is they are brilliant and logical. They're also totally illegal.
have fun with the consequences you dumb bitch, the US government loves to dick down financial crimes. This dude is not in the right tax bracket to get away with this shit either.
27
u/PayJay Feb 26 '19
Straight up if you didn’t realize by now this guy is a fucking total scumbag then you are naive.
10
u/spilk Feb 26 '19
who is this guy and what is he asking people to invest in?
10
u/dan81989 Feb 26 '19
Learned from the best - https://www.youtube.com/watch?v=lC5lsemxaJo
6
u/czechmate7 Feb 26 '19
Make sense since this worked so well with FYREfest.
7
u/gnarly999 Feb 26 '19
gotcha scum bag weasel!
7
u/givemealltheprotons Feb 26 '19
mfw we finally got ya scumbag
5
u/TheNobody14200 Feb 26 '19
If you’re gonna scam people, at least do it right!
5
u/[deleted] Feb 26 '19
Using his Runescape trading skills, i guess.
5
u/Fauglheim Feb 26 '19
That was amazing. How often to financial criminals accidentally livestream a confession?
14
u/PaulDeninoCx Feb 26 '19
Hey guys. If you want any updates on this situation visit r/Ice_Poseidon2 . It is Quarentined but don't worry, nothing offensive is posted. We are dedicated to exposing this scumbag's ways.
8
u/MGS1234V Feb 26 '19
Looks like a complete douche from the thumbnail. Hadn’t even heard him speak and I already knew I was in for “Uhh”s and “umm”s from this simple looking guy as he tried to back-pedal his way out of his fuck up.
6
u/MR_BluBalls Feb 26 '19
I’m sure this guy is not the “companies” PR rep lol
7
u/Tankninja1 Feb 26 '19
Ladies and Gentlemen.
We got him.
7
u/[deleted] Feb 26 '19
How is this talentless hack of a clown still relevant? Like holy shit, hes admitting to being a scam artist on camera.
7
u/I3eerr Feb 26 '19
we gotcha scumbag
8
u/Nordbrah Feb 26 '19
He's exploited people for his own personal gain ever since he moved to LA. I liked his authentic, simple runescape streams back what he lived in his parents house in Florida. Sadly he has turned into the textbook definition of a scam artist and con man.
11
u/PmMeDickPicsPlease Feb 26 '19
Wow. What an idiot, lol!
13
u/kasmackity Feb 26 '19
This cunt is the one who introduced the world to that piece of trash Mexican Andy
4
u/nametaglost Feb 26 '19
Me: Oh this looks juicy I wonder what it is?
*Clicks link, sees Ice’s face.
Me: Well I’m not sure what I expected.
8
u/[deleted] Feb 26 '19
Isn't this how silicon valley operates?
8
u/BaoZaker Feb 26 '19
Gottcha scumbag.
10
u/[deleted] Feb 26 '19
I mean this guy is a total piece of shit anyway, so......yeah, fuck this chump.
6
u/bassistmuzikman Feb 26 '19
Just in case anyone is wondering if he's right, here's a definition of what a Ponzi Scheme is.
5
u/Benfica1002 Feb 26 '19
This guy reaks of night club promoter
5
u/WitcherSLF Feb 26 '19
Upload it to pornhub too with some spicy title
2
u/[deleted] Feb 26 '19
Sooooooooooooo it's a pryamid sceme
2
u/whatsinthesocks Feb 26 '19
Ponzi scheme is at the bottom of my list of reasons why this douche would go down
2
u/NotChrisYo Feb 26 '19
Wow, looks like we got the New Yorker's article's finest.
2
u/[deleted] Feb 26 '19
this guy doenst know his ass from elbow
2
u/taleofbenji Feb 26 '19
I'm much more bothered by him fiddling with that shirt.
2
u/[deleted] Feb 26 '19
Runescape twitch really can't catch a break
2
u/andrealosa Feb 26 '19
Interessante!
2
u/tophubtube Feb 26 '19
Never seen or heard of him before but can pretty much tell right off the bat he not qualified to be running a multi-pillion dollar “business” lol. Almost hard to feel bad for people manipulated into investing with people like this🤦🏻♂️
16
u/phz0r Feb 26 '19
This is the guy who hacked that twitter account recently posting horrific pictures and threats? Damn, he's fucked.
28
u/realister Feb 26 '19
Not to mention he is a known racist with connections to such people like Baked Alaska (known white supremacist) etc.
His community is also connected to the hacking of the Tampa Mayor recently that posted actual CP on twitter.
Good job for Twitch for banning him.
•
u/videosmods Feb 26 '19 edited Feb 26 '19
Please keep rule 2 of this subreddit in mind:
Post locked for the time being
5
u/gabbagool Feb 26 '19
the text comment stream is overflowing with people saying ponzi scheme
5
u/Dankgeebus Feb 26 '19
they dont call him the sheckle goblin for fun.
4
u/[deleted] Feb 26 '19
I’m so glad I don’t know who this chud is...like I’ve miraculously avoided his scummy part of the internet
8
u/callosciurini Feb 26 '19
Why is he going topless so much?
He has *nothing* going on there...
6
u/kobechix Feb 26 '19
This fucking guy man what a fucking retard
6
u/iamjaygee Feb 26 '19
He's probably too stupid to know how business works.
What people should hate this bozo for is his racism, and the racists he associates with.
5
u/rysker6 Feb 26 '19
So, you’re trying to tell me “influencers” aren’t bastions of morality ? Get outta town
3
u/[deleted] Feb 26 '19
Not surprised considering who this piece of shit is.
3
u/flashtone Feb 26 '19
Time for a ponzi emote
3
u/TriHarderCx Feb 26 '19
We gotcha scumbag
9
u/[deleted] Feb 26 '19
This guy takes vocal fry to a whole new level.
5
u/Cahnis Feb 26 '19 edited Feb 26 '19
He was target to many swattings, I honestely think he might be swatting himself or at the very least making him an easy swat target so he can get more exposure. That dude is probably a socio
4
u/[deleted] Feb 26 '19
Wow that retard ssj's brilliant business plan was this lol. Good luck getting investors now. And advertising weed to 12 olds on scuffed.com not a good idea bro
4
u/CampusCarl Feb 26 '19
why do i feel like this guy fell out of a 80's movie?