Inside a Celebrity Crypto Scandal | $32M Crypto Scam Exposed
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How did Ray Trapani’s early life and childhood shape his path to crime?
Got a developer to create the coin. I figured out this method where I would just keep pumping the price of it. Two million comes in over a couple hours. Floyd Mayweather endorsed it. Ten million comes in. DJ Khaled, he brings in a couple million. In the documentary, the first line is, I always wanted to be a criminal. The messed up part is, I spoke for about an hour about my childhood abuse, and they cut that part out. i was born in long island my childhood then like when i was very little the only really like fucked up part was like i got hit by a bus when i was like five six dragged like a hundred yards uh but just because like my mom was like guarding in the front kids running around my brother was uh or actually my one of my friends across the street was jumping on the school bus and he was uh like i was just going to say goodbye i was riding my little bike across the street
And then as I was driving back, bus took off. It caught me and went under 100 yards. The craziest thing is the fattest kid on the block was the one that ran and caught the bus and stopped the bus. Like, even, like, at a young age, I still remember that. That's, like, my one trauma vision as a child was fucking being ran over by a school bus. I don't understand how you were dragged. What do you mean you were dragged? Were you in the wheel well or something? Like, basically, like, I went under, and the bike was underneath me. And then, like, my hands, I grabbed onto the bottom, and my hands were burnt. And then they basically picked me up in, like, a helicopter. Right by, like, where I lived, there was, like, this, like, over the bridge, there was, like, this grass area.
A helicopter landed. like flew a helicopter to the hospital i was fine just like burnt hands but yeah that was uh like my first fucked up story as a kid you know um and i you know i was okay and then from there my grandfather was like the connected i don't know what exactly he did but he was definitely well connected you know in the documentary they portray it as like mafia i mean like i don't know what he did he always had money he was always like uh the handler of everything right um so then my mom went to nursing school as a single mom became a nurse and she was just the one supporting us then married this guy dave and he was air traffic controller did decent and we were able to move into like a bigger house so it was like a shitty house and then we moved into like a bigger house but he had two stepbrothers
Uh, so like I ended up having, he had two step kids, two step kids. Oh, he had two kids. Right. Right. So I ended up having me, my two brothers and then two other boys that are both older than me. So it was five boys. And then my stepdad and my mom, and then they both worked like crazy hours. My mom was a ICU nurse working like, you know, 60 hours a week, busting her ass. And, and my stepdad was like an alcoholic air traffic controller. Cause he's just sitting in a dark room all day. Tell him planes were comforting. My childhood was pretty decent, right? Like Atlantic Beach was like a good town to live in. uh, but we just didn't really have like a lot of supervision cause both parents were working a lot. Right.
And he was just like, kind of like he would drink and then just be absent and just be in his room. And my mom would be busting her ass. And like the mortgage was probably over both of their heads. Like essentially like a lot of, you know, typical jobs. I think that's like what leads a lot of people into crime is like, they see their parents just working like as a wagey or whatever the fuck you would call it. Right. And,
uh,
don't
want to do
that yeah they're like i don't want to i don't want
to these these people are just work they're they're never around they work all all day and they
still don't have money
yeah and you're a little kid and you're like and we still have nothing
yeah so then my two older brothers they were both selling selling pot um so like i was like you know that seems like an avenue there and then my my best friend at the time his older brother had ended up being like the biggest pot dealer in all of new york like so my two older brothers are basically getting there from him
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Chapters
8 chapters
1
How did Ray Trapani’s early life and childhood shape his path to crime?
0:00–19:51
2
What role did drug dealing and early “Venmo” scams play in funding his later ventures?
19:51–36:16
3
How did the high‑end car‑rental business give Ray the capital to launch a crypto startup?
36:16–51:52
4
What sparked the creation of Centra Tech in early 2017 and how was the ICO structured?
51:52–1:07:05
5
How did celebrity endorsements (Floyd Mayweather, DJ Khaled) fuel the $32 M fundraising?
1:07:05–1:25:50
6
What were the key fraud tactics (fake cards, fake CEO, market pumping) that led to the SEC investigation?
1:25:50–1:40:51
7
How did the FBI raid, arrest, and sentencing unfold for Ray and his partners?
1:40:51–1:56:18
8
What is Ray doing now and what lessons does he share about the crypto industry?
1:56:18–1:58:35
Speakers
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