This Influencer Stole $8 Million Dollars - The Jay Mazini story
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Who is Jay Mazini and what did he do?
Weißt du, die Influencer, die sich selbst Geld an random Strangers auf der Straße anbieten? Nun, du wirst überrascht werden, dass einige davon Skammer sind. Z.B. dieser hier. Sein Name ist Jay. Und Jay ist 23 Jahre alt, lebt in New Jersey und er ist einer der Influencer, die sich selbst Geld an Strangers anbieten.
How did Jay Mazini build his following?
And he has built himself up a nice following doing that, getting nearly a million followers on Instagram. But one day in 2019, he starts screwing it all up. Because bro gets greedy and he starts thinking, I'm gonna start conning my fans. Stealing from his fans is actually pretty easy for him. I mean, they trust him. Because not only does he come across as a guy who's already very wealthy and successful at business, but more importantly, on social media, he really presents himself as a very spiritual guy, a devout Muslim who would never rip anyone off. I mean, look at these videos he makes of himself looking all religious. Apparently not.
What fraudulent schemes did Jay Mazini operate?
Because at some point Jay starts an investment company called Halal Capital LLC. And he calls it Halal because with this he's going to target mostly his Muslim American following. So he tells his followers to invest with him because he's doing it the Halal way. And that he's going to in turn invest their money into stocks, electronics, PPE equipment, stuff like that.
What was Halal Capital LLC and how did it work?
He also starts teaching his own online courses where he teaches people how to get rich quick. For the first thousand people to sign up, they'll be mentored by me personally. Yeah, huge red flag. Now, investment companies are nothing new. But here's the problem with Jay's investment company. He doesn't really seem to be investing it or putting it towards stocks at all. Instead, he takes their money and just pockets it and puts it into his own personal bank account. And of course, he spends a lot of it on himself. Like he's got to make himself look rich and successful to flex to his followers on Instagram. Er verwendet es auch, um die viralen Gifte zu finanzieren, in denen er sich filmt, Geld an einzelne Anwesende zu geben. Und so werden viele dieser Leute, was im Grunde genommen Steuern von Geld, angeboten. Egal, diese Gifte werden wirklich populär.
How did Jay's Ponzi scheme unfold?
In der Tat, im Jahr 2020 sind sie so populär, dass etwa 50 Cent in einem seiner Videos erscheint. Und da sieht man Jay, dem Arbeiter Geld anbieten, durch den Fahrrad. Und hier sieht man 50 Cent rollen. He also gets the rapper Fabulous to appear in a video. And that's all great for Jay, that his videos are doing well, but eventually some of those people who invested with his investment company, they come asking for their money. And Jay doesn't have it. So he starts taking money from new investors to pay off the old investors. And this is where he gets into a Ponzi scheme. And this Ponzi scheme actually works for a while.
What desperate measures did Jay take to maintain his scheme?
But pretty quickly Jay runs up his tab so high that it just isn't enough anymore. So he comes up with yet another even douchier plan to con more money from his followers. One day he gets on social media and he offers to buy out his followers Bitcoin from them in exchange for cash. And here you can see he's holding up a sign explaining exactly what he's trying to do. And he claims he's going to buy it from them for more than what it's worth. So they would be making money by selling it to him. Und wenn du sagst, Ray, das macht keinen Sinn. Ich stimme zu, aber es ist ein Verbrechen und Verbrechen sind auf Lügen gebaut. Sie müssen keinen Sinn machen. Ansonsten geben viele Leute ihm ihre Bitcoins, erwartend Geld zurück.
Aber wenn es an der Zeit kommt, ihnen das Geld zu bezahlen, wird Jay sagen, dass er die Geld transferiert hat und er schickt sogar Bildschirme von einer Verkündung, die er gemacht hat. Aber leider endet die Verkündung falsch. Ich glaube, er photoshoppt sie oder so. Egal wie, das funktioniert für Jay und es funktioniert wirklich gut.
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Chapters
6 chapters
1
Who is Jay Mazini and what did he do?
0:27–0:48
2
How did Jay Mazini build his following?
0:48–1:37
3
What fraudulent schemes did Jay Mazini operate?
1:37–2:00
4
What was Halal Capital LLC and how did it work?
2:00–2:53
5
How did Jay's Ponzi scheme unfold?
2:53–3:36
6
What desperate measures did Jay take to maintain his scheme?
3:36–8:43
Speakers
2 identifiedMore from Ray William Johnson: True Story Podcast
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