This TikTok Star Scammed $22,000,000 - The Gavin Mayo story

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Now, where did Mayo get all this money? Well, that's where it gets interesting. Because Mayo, he has a TikTok channel with about 250,000 followers. Not bad. And there, he likes to teach people about crypto and investing. And people follow him and they listen to his advice.

50.16 - 52.462 Gabriel Hay

See, crypto is that easy, guys. Follow him for more.

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And so he makes a bit of money in the stock market and soon he gets really into buying and selling NFTs. Now, eventually he moves to Los Angeles and there is where things really take off for him because that's where he comes up with a plan to multiply his money. And so Mayo teams up with a friend of his, this guy, Gabe. And together, Mayo and Gabe plan to create their own NFTs, completely theirs.

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And they use Mayo's online popularity to promote them. So they make a Twitter and a website for this NFT project. And Mayo, he starts hyping the project up on social media. And they release this promo video. And people are pumped about it. And by the way, these are the actual NFTs they're selling if you wanted to see them. I don't know why anyone would pay money for these, but here they are.

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But anyway, bam, they launch it and Mayo and Gabe watch the investments pour in. And after they've collected over like a million dollars, kaboom, they allegedly sell off and abandon the project. And of course, this crashes the value of all the NFTs and the people who invested in it are super pissed. because they lost all their money.