Jake Paul & Logan Paul - Youtuber, Viner, Team 10, Former Disney Star, Expert Doxxer

[jimmybags]

Actually, yes, telling someone to buy something because you like it and it is good, when the express purpose is to drive the value up, IS ILLEGAL. that is insider training. It's fraud. Paying someone else to do it for you is still illegal, and the only purpose these cryptos serve is to be specialties tools to keep the greater fool scams going.

Isn't insider trading private? Like if Jake DM'd Lil Yachty and told him to buy a bunch of Safemoon the day before he shills it to increase its value? Publicly advertising it wouldn't count as insider trading.

 

[Bec]

Oh look, "Soulja Boy" is involved in yet another fucking scam.

Why do people keep giving this nigger money?

Dude got famous by uploading"crank that" onto limewire under the names of whatever songs were on the billboard top 20
So he's been tricking people since the beginning.

 

[no-exit]

Actually, yes, telling someone to buy something because you like it and it is good, when the express purpose is to drive the value up, IS ILLEGAL. that is insider training. It's fraud. Paying someone else to do it for you is still illegal, and the only purpose these cryptos serve is to be specialties tools to keep the greater fool scams going.

Isn't insider trading private? Like if Jake DM'd Lil Yachty and told him to buy a bunch of Safemoon the day before he shills it to increase its value? Publicly advertising it wouldn't count as insider trading.

It's kinda semantic, but I'm pretty sure the crime of Insider trading (at least in the USA) concerns the stock and bond markets, not (crypto)currency markets. Safemoon isn't a publicly traded company like AAPL or AMZN. Insider trading is typically when someone makes a trade based on "non-public information". Anyone that possibly has that information can still make trades, it just has to be disclosed far in advance to the feds and made public. That's how we know about those big trades that politicians and CEO's make.

It gets really confusing because all these assets are on graphs that look the same, but bonds, commodities, equities, derivatives, currencies blah blah blah have totally different rules and regulations. it's confusing af, apologies if I got something wrong

 

[Elwood P. Dowd]

all these pump and dump crypto schemes is going to cause governments the world and international financial organizations to really start regulating crypto.

Its already a literal Mark of Cain on Page 1 of your US tax return. But IRS will be totally forthcoming and just use this data for informational purposes, I'm quite sure.

I'm guessing the next step is to somehow hey presto magicko the whole crypto industry to get it securities treatments, meaning 1099-B reporting to IRS (both proceeds and basis) or something similar from trading sites.

 

[Orange Rhymer]

Feds are gonna shut this shit down like they did eGold.

They said "Not Financial Advice" (NFA) so they will be fine.
NFA protects you just like "In Minecraft".

Days without Jewish Paul Brothers tricks: 0
(they're the same thing)

 

[GamerGirl18]

We all know the only punishment that would hurt the Pauls would be imprisonment. Nevertheless, i begrudge the two of course pretty much everything bad because they deserve it and hope that they still lose real money with their damn crypto shit.

 

[Chandler Bing]

So he stole the names of other artists songs and used them as a disguise to get others to listen to his music.

Way to live up to the stereotype you nigger. Thief.

Dude got famous by uploading"crank that" onto limewire under the names of whatever songs were on the billboard top 20
So he's been tricking people since the beginning.

 

[timewave0]

Thats what you get for listening to Jake fucking Paul and someone called Lil' Yachty. Hope at least a few retards lost good money

Yeah, if you make financial decisions based on the advice of wigger youtuber/boxers then you kind of deserve to lose your money. It’s everyday bro

 

[Orange Rhymer]

Why are we saying "...allegedly a punp-n-dump scheme".
Safemoon is the _definition_ of a pump and dump.

Jake Paul, you are a low IQ THIEF and a SCAMMER.
Not 'allegedly'.

 

[Wormy]

Dude got famous by uploading"crank that" onto limewire under the names of whatever songs were on the billboard top 20
So he's been tricking people since the beginning.

So the console shit wasn't enough. How has this nigger not been charged and locked up with as much fraud as he's perpetrated?

 

[Ratoyan]

im surprised Pump my Dump isnt used in sexual conversations at this point.

 

[TheBeanz]

someone named "little yachty"

I always refer to him as 'boat'

 

[moocow]

This entire thing brings up a question in my mind. Who's the guilty party? The moron who does zero research into something before buying in, or the person trying to get people to buy in?

The people who bought the worthless coin are the victims. Stupid victims, but victims nonetheless. The people who promoted and sold them were the guilty party (they committed fraud).

Isn't insider trading private? Like if Jake DM'd Lil Yachty and told him to buy a bunch of Safemoon the day before he shills it to increase its value? Publicly advertising it wouldn't count as insider trading.

It's kinda semantic, but I'm pretty sure the crime of Insider trading (at least in the USA) concerns the stock and bond markets, not (crypto)currency markets.

Correct. Pedantically speaking, it's not insider trading. Everyone's collective stupidity was out in the open for the world to see. In further celebration of pedantry, it's also not a "pump and dump" or other flavor of securities fraud either because it's not legally considered a security in the first place.

They sold something they knew was worthless to buyers they mislead into thinking it had value. It's just plain old fraud. It wouldn't be a tough sell to a jury to call it "wire fraud" either.

 

[Blacklight]

The people who bought the worthless coin are the victims. Stupid victims, but victims nonetheless. The people who promoted and sold them were the guilty party (they committed fraud).

I haven't looked SUPER deep into this thing, but how is it a scam? From my limited research this seemed like it had value until the ads stopped at which point the value dropped as well. How would that be considered fraud?

 

[moocow]

I haven't looked SUPER deep into this thing, but how is it a scam? From my limited research this seemed like it had value until the ads stopped at which point the value dropped as well. How would that be considered fraud?

They propped it up with ads and shills to make it look valuable, sold it while it looked valuable, then stopped the ads and ran with the money. Classic fraud.

 

[IAmNotAlpharius]

why is he constantly getting himself into trouble with these scams? i thought he was worth millions.

He’s greedy.

It's kinda semantic, but I'm pretty sure the crime of Insider trading (at least in the USA) concerns the stock and bond markets, not (crypto)currency markets. Safemoon isn't a publicly traded company like AAPL or AMZN. Insider trading is typically when someone makes a trade based on "non-public information". Anyone that possibly has that information can still make trades, it just has to be disclosed far in advance to the feds and made public. That's how we know about those big trades that politicians and CEO's make.

It gets really confusing because all these assets are on graphs that look the same, but bonds, commodities, equities, derivatives, currencies blah blah blah have totally different rules and regulations. it's confusing af, apologies if I got something wrong

No worries your explanation helps those of us who know less on the subject.

 

[RapidUnplannedDisassembly]

The only thing I knew about 'Lil Yachty' prior to this crypto scam news, was that his face was on the box of Reese's Puffs cereal. I had never even heard of this generic soundcloud stoner looking guy; I assumed Reese's Puffs was just desperate to grab at the 'urban' marketing dollar. I guess I know two things about the asshole now.

 

[Big moth tiddies]

I have no sympathy for the idiots who fall for this shit. Same for NFT's. All you need to do is look at the people who are hawking these things to know not to put your money up. When the likes of Gwenyth Paltrow are pushing NFT's, it's a red flag not to jump in. When a nigger like Soulja boy puts his name to a coin, it's a red flag not to jump in. People who do so anyway are too stupid to help.

On a side note, as it stands, there really isn't a reason to own an NFT except that others might think it's popular enough to buy from you. Every pipe dream that shithouses like game publishers try to sell you on like, "You can use this DLC NFT on all of your Ubishit games!" are just that, pipe dreams. They're not actually going to give you a gold headband in asses creed 69 that you can use in rainbow gay parade siege. That's too much work, and their goal really is just to collect middleman monies.

There might be some use for them in the future, but today is not the future. A single moment of thinking why a company would introduce NFT's shows you that you're the fucking moron for buying it. All solid benefits to them, risky, potential benefits MAYBE to you in the future if you can find some person more retarded than you to buy it.

 

[heatboss]

maybe jake should rig more fights to pay for this lawsuit

 

[HomeboyScotty]

Dude got famous by uploading"crank that" onto limewire under the names of whatever songs were on the billboard top 20
So he's been tricking people since the beginning.

As well as porn files
Everything was either him or Dane Cook