1 00:00:00,240 --> 00:00:02,560 Speaker 1: My routine at this point was I would have my 2 00:00:02,640 --> 00:00:05,640 Speaker 1: laptop open everywhere. I was hoping for more investments to 3 00:00:05,680 --> 00:00:10,600 Speaker 1: come in. And one night I'm just sitting there. I'm 4 00:00:10,640 --> 00:00:15,000 Speaker 1: on my balcony smoking a blunt, refreshing it, refreshing it, 5 00:00:15,120 --> 00:00:17,400 Speaker 1: and out of nowhere, it was just chi ching ching 6 00:00:17,560 --> 00:00:31,920 Speaker 1: chi ching. I was like, oh my god, this is crazy. 7 00:00:32,200 --> 00:00:34,839 Speaker 1: You're seeing those numbers come in and it's tough for 8 00:00:34,880 --> 00:00:38,639 Speaker 1: your brain to register this is actually real money. It 9 00:00:38,680 --> 00:00:41,919 Speaker 1: felt like I was looking at a slot machine. Boom jackpot. 10 00:00:54,040 --> 00:00:57,160 Speaker 2: I'm Johnny, be good, and this is creating a con 11 00:00:57,920 --> 00:01:03,080 Speaker 2: The Story of Bitcoin, Episode four. An afternoon with Uncle 12 00:01:03,080 --> 00:01:08,880 Speaker 2: Cliff as Ray and Sam rolled out their new crypto company, 13 00:01:09,000 --> 00:01:12,720 Speaker 2: Center Tech. They started an ICO, or initial coin offering. 14 00:01:13,440 --> 00:01:16,440 Speaker 2: It's like an initial public offering, but for crypto companies. 15 00:01:17,520 --> 00:01:20,200 Speaker 2: It's a process to raise capital by signing a value 16 00:01:20,200 --> 00:01:24,319 Speaker 2: to digital coins and offering them for sale. Ray and 17 00:01:24,360 --> 00:01:28,080 Speaker 2: Sam called their coins Centric Coins, and they were available 18 00:01:28,080 --> 00:01:31,520 Speaker 2: in the open market. Believe it or not, people were 19 00:01:31,520 --> 00:01:35,040 Speaker 2: buying them. Ray and Sam, who also goes by Sorby 20 00:01:35,200 --> 00:01:39,039 Speaker 2: or Sam Sharma, started this ICO to help fund their company. 21 00:01:39,680 --> 00:01:42,760 Speaker 2: Their product would allow customers to spend cryptocurrency in the 22 00:01:42,800 --> 00:01:45,360 Speaker 2: real world using a debit card called a Centric card. 23 00:01:46,520 --> 00:01:50,120 Speaker 2: People back home started to hear of their success. Here's 24 00:01:50,200 --> 00:01:52,880 Speaker 2: Ray's mom, Kerrie raised. 25 00:01:52,600 --> 00:01:56,120 Speaker 3: Telling me, Sam's got this great idea is cryptocurrency. 26 00:01:56,360 --> 00:01:58,600 Speaker 4: This could be big blah blah blah blah blah. 27 00:01:58,840 --> 00:02:01,000 Speaker 1: And really at this point, I'm rolling my eyes. I 28 00:02:01,040 --> 00:02:04,760 Speaker 1: think it's in myself. Oh gee, you know, thanks Sam. 29 00:02:04,600 --> 00:02:05,440 Speaker 4: Here we go again. 30 00:02:05,920 --> 00:02:08,320 Speaker 2: I remember learning about center Tech when Ray called me 31 00:02:08,400 --> 00:02:11,040 Speaker 2: late one night in twenty seventeen. He told me he 32 00:02:11,080 --> 00:02:13,880 Speaker 2: was onto something big. His mouth was running a mile 33 00:02:13,880 --> 00:02:17,239 Speaker 2: a minute. Every other sentence was a job offer. Yeah, 34 00:02:17,280 --> 00:02:19,280 Speaker 2: come down and work for us. Start you off with 35 00:02:19,400 --> 00:02:22,120 Speaker 2: like five k a week, he said. I saw what 36 00:02:22,160 --> 00:02:25,720 Speaker 2: he was making, the money, the lifestyle. It was all tempting, 37 00:02:26,280 --> 00:02:29,880 Speaker 2: but I never pulled a trigger. I was skeptical, so 38 00:02:30,000 --> 00:02:33,600 Speaker 2: were others. It sounded like another quick come up, as 39 00:02:33,639 --> 00:02:37,600 Speaker 2: my sister would say, but others were hopeful. If there 40 00:02:37,639 --> 00:02:40,720 Speaker 2: was one general theme between all of our opinions, it 41 00:02:40,840 --> 00:02:44,040 Speaker 2: was this none of us understood what center Tech was 42 00:02:44,400 --> 00:02:47,200 Speaker 2: or how crypto worked, and we all knew that Ray 43 00:02:47,240 --> 00:02:49,640 Speaker 2: didn't have the background or the education to pull something 44 00:02:49,680 --> 00:02:49,880 Speaker 2: like this. 45 00:02:50,000 --> 00:02:50,240 Speaker 5: Off. 46 00:02:50,960 --> 00:02:54,400 Speaker 2: This was new and way over our heads, including race. 47 00:02:55,000 --> 00:02:57,280 Speaker 6: Someone just told me that, you know, your old business 48 00:02:57,280 --> 00:02:59,160 Speaker 6: partners started this crypto company. 49 00:03:00,240 --> 00:03:03,200 Speaker 2: Raised Former partner Bert remembers learning about CenTra. 50 00:03:05,320 --> 00:03:07,760 Speaker 6: When I first heard about it, I felt like, why 51 00:03:07,800 --> 00:03:10,320 Speaker 6: did they deserve to have a successful company and be 52 00:03:10,520 --> 00:03:14,440 Speaker 6: legit and have all the rewards when they cheated and 53 00:03:14,480 --> 00:03:17,880 Speaker 6: they robbed me that you know that they got to 54 00:03:17,919 --> 00:03:19,200 Speaker 6: this point and not me. 55 00:03:19,680 --> 00:03:23,000 Speaker 2: That's how I felt for our friend Maara. Just like me. 56 00:03:23,840 --> 00:03:25,239 Speaker 2: It was more of a job offer. 57 00:03:25,760 --> 00:03:28,640 Speaker 7: I was asking a shit ton of questions. He was 58 00:03:28,800 --> 00:03:32,040 Speaker 7: trying to get me to be like a part of it. 59 00:03:32,240 --> 00:03:34,280 Speaker 7: He wanted me to like put it in my name, 60 00:03:34,520 --> 00:03:37,240 Speaker 7: and I was like, this has a saying legitimate, absolutely not. 61 00:03:37,600 --> 00:03:40,040 Speaker 7: And to his credit, he was a pretty good bullshitter, 62 00:03:40,280 --> 00:03:42,600 Speaker 7: like even to me. But obviously I know him and 63 00:03:42,720 --> 00:03:45,120 Speaker 7: I know when things aren't right. So I was just like, no, 64 00:03:45,440 --> 00:03:46,520 Speaker 7: I don't trust any of this. 65 00:03:47,040 --> 00:03:49,640 Speaker 2: And Rai's dad Phil, he thought it was too good 66 00:03:49,640 --> 00:03:50,160 Speaker 2: to be true. 67 00:03:50,360 --> 00:03:53,080 Speaker 8: I've never seen any kind of proposition that you give 68 00:03:53,160 --> 00:03:56,480 Speaker 8: me money that quickly legally, And I was telling him, 69 00:03:56,480 --> 00:03:59,120 Speaker 8: I thinking that rebock yup for that shit, because if 70 00:03:59,120 --> 00:04:01,600 Speaker 8: you're not fan back, government's going to get you. 71 00:04:02,360 --> 00:04:05,400 Speaker 2: A week into the ico launch, investments are trickling in, 72 00:04:06,120 --> 00:04:08,880 Speaker 2: but to them it was too slow. Ray and Sam 73 00:04:08,920 --> 00:04:11,000 Speaker 2: knew they had to keep getting the word out about 74 00:04:11,000 --> 00:04:13,000 Speaker 2: CenTra to collect more cash. 75 00:04:13,120 --> 00:04:16,720 Speaker 1: We're getting ten twenty, few hundred thousand over the next 76 00:04:16,800 --> 00:04:18,880 Speaker 1: couple weeks, and it's like slow steady. 77 00:04:19,400 --> 00:04:19,599 Speaker 9: You know. 78 00:04:19,680 --> 00:04:22,600 Speaker 1: Every day we're just in these telegram and slack channels 79 00:04:22,640 --> 00:04:24,680 Speaker 1: just banging away talking to people. 80 00:04:25,120 --> 00:04:27,719 Speaker 2: Ray would keep seeing the same questions, when do I 81 00:04:27,760 --> 00:04:30,800 Speaker 2: get a card? When will the app go live? They 82 00:04:30,880 --> 00:04:34,160 Speaker 2: needed to make a splash. More than just articles impressed. 83 00:04:34,720 --> 00:04:40,920 Speaker 2: They needed to keep people eager, hungry. They needed promotions, marketing, advertising. 84 00:04:41,720 --> 00:04:48,000 Speaker 5: This introducing CenTra your key to the future of money. 85 00:04:48,480 --> 00:04:51,479 Speaker 5: Think of it as a real life pocket bank. CenTra 86 00:04:51,640 --> 00:04:54,640 Speaker 5: can transfer money from one place to another, and from 87 00:04:54,680 --> 00:04:57,320 Speaker 5: one currency to another in the blink of an eye 88 00:04:57,440 --> 00:05:02,400 Speaker 5: and without any fees. The future is in your hands 89 00:05:02,400 --> 00:05:04,279 Speaker 5: with the CenTra card and wallet. 90 00:05:05,800 --> 00:05:09,159 Speaker 2: Centri Tech was cranking ads like this out. Jacob, an 91 00:05:09,200 --> 00:05:12,320 Speaker 2: early investor, remember seeing one of their videos. 92 00:05:12,880 --> 00:05:14,880 Speaker 10: They would push a little bit of promotional material and 93 00:05:14,920 --> 00:05:16,760 Speaker 10: be like, look at our working card that we have, 94 00:05:17,040 --> 00:05:18,240 Speaker 10: or I hope. 95 00:05:18,000 --> 00:05:18,800 Speaker 11: You guys are ready. 96 00:05:18,960 --> 00:05:21,720 Speaker 10: We have some great partnerships in the making, and you know, 97 00:05:21,839 --> 00:05:25,280 Speaker 10: typical marketing that most companies would do. 98 00:05:26,120 --> 00:05:28,960 Speaker 2: The traction center Tech got from that YouTube video was 99 00:05:29,080 --> 00:05:32,240 Speaker 2: nothing compared to what happened next. They were about to 100 00:05:32,240 --> 00:05:34,960 Speaker 2: go viral, and it all happened by accident. 101 00:05:35,600 --> 00:05:39,520 Speaker 4: I go by Crypto Blood on YouTube, Instagram and I 102 00:05:39,640 --> 00:05:41,520 Speaker 4: just got on what is it called tiktik. I just 103 00:05:41,520 --> 00:05:45,640 Speaker 4: got on tiktik, So one more social media for me 104 00:05:45,720 --> 00:05:46,760 Speaker 4: to just waste my. 105 00:05:46,800 --> 00:05:50,120 Speaker 2: Day away with a guy out of Detroit who goes 106 00:05:50,120 --> 00:05:53,719 Speaker 2: by the name Crypto Blood or CB for short. Heard 107 00:05:53,760 --> 00:05:55,680 Speaker 2: about CenTra and was an early investor. 108 00:05:56,480 --> 00:05:59,120 Speaker 4: First time I heard of at centri Tech would be 109 00:05:59,440 --> 00:06:01,600 Speaker 4: from Cliff High. 110 00:06:02,120 --> 00:06:04,200 Speaker 2: You could say that Crypto Blood is a bit of 111 00:06:04,200 --> 00:06:06,520 Speaker 2: a disciple of one of the biggest gurus in the 112 00:06:06,560 --> 00:06:07,320 Speaker 2: crypto world. 113 00:06:07,880 --> 00:06:12,680 Speaker 4: Cliff High is an interesting character. He's a linguistics, very 114 00:06:12,720 --> 00:06:17,320 Speaker 4: smart individual, and he was very popular with the crypto community. 115 00:06:17,680 --> 00:06:20,480 Speaker 4: I coined the term Uncle Cliff, so I call him 116 00:06:20,520 --> 00:06:23,880 Speaker 4: a charlatan. Maybe one of the smartest people I've really 117 00:06:23,960 --> 00:06:24,880 Speaker 4: kind of encountered. 118 00:06:25,279 --> 00:06:26,000 Speaker 2: Here's Cliff. 119 00:06:27,560 --> 00:06:30,120 Speaker 9: I expect ninety seven out of every one hundred old 120 00:06:30,160 --> 00:06:33,640 Speaker 9: coins being created to simply fade away, so there's only 121 00:06:33,680 --> 00:06:35,560 Speaker 9: going to be a few gems and I'm hoping to 122 00:06:35,600 --> 00:06:38,080 Speaker 9: try and help people pick those out of the current 123 00:06:38,120 --> 00:06:39,520 Speaker 9: crop of cryptocurrencies. 124 00:06:40,680 --> 00:06:43,680 Speaker 4: His theory is that we all leak the future in 125 00:06:43,760 --> 00:06:47,120 Speaker 4: some form of fashion through our linguistics, through our language, 126 00:06:47,160 --> 00:06:51,120 Speaker 4: through our text online. With that theory, he created these 127 00:06:51,120 --> 00:06:55,640 Speaker 4: web bots that crawl the Internet and basically picks up 128 00:06:55,640 --> 00:06:59,040 Speaker 4: on what people are talking about and pick up different 129 00:06:59,360 --> 00:07:03,719 Speaker 4: data point put those together into a report he did 130 00:07:03,839 --> 00:07:05,520 Speaker 4: called the Bare neck at Wealth. 131 00:07:05,279 --> 00:07:10,040 Speaker 2: Report the bare Naked Wealth Report. One might think that 132 00:07:10,160 --> 00:07:15,280 Speaker 2: was Miami Exotics monthly newsletter, but no, no, this report 133 00:07:15,320 --> 00:07:20,640 Speaker 2: contained fringe alternative financial advice, and his followers took Cliff's 134 00:07:20,680 --> 00:07:22,400 Speaker 2: advice as the gospel. 135 00:07:24,640 --> 00:07:27,960 Speaker 4: People were utilizing his reports to get an edge on 136 00:07:28,200 --> 00:07:31,720 Speaker 4: what to buy next. It was very clear and made 137 00:07:31,800 --> 00:07:34,800 Speaker 4: a very big point to make sure people didn't take 138 00:07:34,840 --> 00:07:38,040 Speaker 4: this as financial advice. But people did. I mean, that's 139 00:07:38,080 --> 00:07:41,640 Speaker 4: what you spend one hundred dollars on every month to 140 00:07:41,720 --> 00:07:44,560 Speaker 4: find out what the latest web bot crawl was showing 141 00:07:44,600 --> 00:07:48,440 Speaker 4: you as far as you know these crypto projects. 142 00:07:48,000 --> 00:07:50,840 Speaker 2: And gaining that edge that could be the difference between 143 00:07:50,840 --> 00:07:54,120 Speaker 2: investing in a fraudulent shitcoin or taking your investment to 144 00:07:54,160 --> 00:07:57,440 Speaker 2: the moon. People were investing in all kinds of new 145 00:07:57,480 --> 00:08:01,160 Speaker 2: crypto projects. It was a hot market. Now is the 146 00:08:01,200 --> 00:08:02,080 Speaker 2: time to cash in. 147 00:08:02,520 --> 00:08:06,080 Speaker 4: This was in twenty seventeen, middle of the ICO boom. 148 00:08:06,920 --> 00:08:11,080 Speaker 4: The ICO is a version of crowdfunding, which is great. 149 00:08:11,120 --> 00:08:13,520 Speaker 4: I love it, but the SEC doesn't. 150 00:08:13,680 --> 00:08:18,400 Speaker 2: The SEC the Securities and Exchange Commission. They're responsible for 151 00:08:18,440 --> 00:08:23,920 Speaker 2: regulating securities markets and protecting investors. In twenty seventeen, one 152 00:08:23,960 --> 00:08:26,720 Speaker 2: of their main focuses was monitoring where all this new 153 00:08:26,720 --> 00:08:29,680 Speaker 2: crypto money was flowing in a market they didn't control. 154 00:08:30,400 --> 00:08:33,679 Speaker 2: Regulators were just trying to keep up. That will come 155 00:08:33,720 --> 00:08:37,520 Speaker 2: into play later in the story. During the ICO boom 156 00:08:37,559 --> 00:08:41,600 Speaker 2: of twenty seventeen, timing was everything. Ray and Sorby launched 157 00:08:41,600 --> 00:08:44,720 Speaker 2: center Tech as crypto is spiking. Ever, hear the saying 158 00:08:44,760 --> 00:08:47,680 Speaker 2: don't try to time the market. These two couldn't have 159 00:08:47,679 --> 00:08:50,760 Speaker 2: timed it. Better not to mention this happened. 160 00:08:51,200 --> 00:08:55,520 Speaker 4: CenTra Tech ended up being published in Cliff High's latest 161 00:08:55,679 --> 00:08:57,040 Speaker 4: Bare neck At Wealth Report. 162 00:08:57,679 --> 00:09:01,840 Speaker 2: As Cliff's latest newsletter populates raised nightly activity was tracking 163 00:09:01,920 --> 00:09:05,680 Speaker 2: every individual investment that came in. It was his new drug, 164 00:09:06,280 --> 00:09:08,880 Speaker 2: a shot of dopamine. Every time a new bioder came in. 165 00:09:14,160 --> 00:09:16,520 Speaker 1: I'm sitting on my balcony. I'm smoking this blunt and 166 00:09:17,000 --> 00:09:19,200 Speaker 1: I just check it and I just see like one 167 00:09:19,240 --> 00:09:23,640 Speaker 1: hundred thousand invested, five hundred thousands invested, and then it 168 00:09:23,679 --> 00:09:26,240 Speaker 1: hits a million, and within an hour it's at two 169 00:09:26,320 --> 00:09:30,440 Speaker 1: million dollars invested. And I'm like texting Sorbie like little kids. 170 00:09:31,480 --> 00:09:34,520 Speaker 1: We're just kind of geeking out, and we're like, what 171 00:09:34,559 --> 00:09:39,320 Speaker 1: the fuck is going on? And then we're reading the 172 00:09:39,360 --> 00:09:42,800 Speaker 1: Slack channel, the telegram channels, and they're talking about this guy, 173 00:09:42,800 --> 00:09:46,400 Speaker 1: Cliff High, and we had no idea who Cliff High was. So, 174 00:09:46,760 --> 00:09:48,280 Speaker 1: you know, we do a little digging and we see 175 00:09:48,280 --> 00:09:49,760 Speaker 1: he put out an article about us. 176 00:09:50,040 --> 00:09:53,080 Speaker 2: The problem was Cliff fucked up, and it was a 177 00:09:53,160 --> 00:09:57,640 Speaker 2: multi million dollar fuck up. Cliff posted an article intending 178 00:09:57,679 --> 00:10:02,520 Speaker 2: to highlight a different CenTra Instead, his web bots cited 179 00:10:02,559 --> 00:10:03,480 Speaker 2: centri Tech. 180 00:10:03,880 --> 00:10:06,800 Speaker 4: That wasn't where human error could occur. He made the 181 00:10:06,880 --> 00:10:10,840 Speaker 4: mistake of thinking the data that was coming in from 182 00:10:10,920 --> 00:10:14,720 Speaker 4: CenTra Bank was actually for CenTra Tech. 183 00:10:16,880 --> 00:10:19,120 Speaker 2: What Cliff thought was a hot tip on an emerging 184 00:10:19,120 --> 00:10:22,720 Speaker 2: financial institution was really a business started by two twenty 185 00:10:22,760 --> 00:10:25,320 Speaker 2: something smoking blunts in their bedroom while researching what an 186 00:10:25,480 --> 00:10:29,360 Speaker 2: ico was just weeks before launching their own token ridiculous. 187 00:10:29,880 --> 00:10:33,439 Speaker 4: It was a CenTra bank, I believe in the UK 188 00:10:33,679 --> 00:10:37,480 Speaker 4: or somewhere in Europe. So people were buying CenTra Tech 189 00:10:37,960 --> 00:10:39,720 Speaker 4: based on false data. 190 00:10:40,480 --> 00:10:43,960 Speaker 2: Cliff signaled to his subscribers and eighty thousand Twitter followers 191 00:10:44,000 --> 00:10:48,240 Speaker 2: to buy and hold CenTra token. Cliff was mortified. His 192 00:10:48,320 --> 00:10:52,839 Speaker 2: whole image of being this crypto moralist was shattered. Ray 193 00:10:52,880 --> 00:10:55,920 Speaker 2: and Sowerby they had no idea who Cliff was, but 194 00:10:56,000 --> 00:10:59,120 Speaker 2: they certainly liked him. All they knew was Cliff High 195 00:10:59,559 --> 00:11:00,920 Speaker 2: just made them a shitload of money. 196 00:11:01,880 --> 00:11:04,439 Speaker 1: After that Cliffire article comes out, you know, we jump 197 00:11:04,520 --> 00:11:06,520 Speaker 1: in the chats and we're like, oh yeah, cliff Hire, 198 00:11:06,559 --> 00:11:10,040 Speaker 1: we love that guy. He's the best, you know, right 199 00:11:10,040 --> 00:11:12,040 Speaker 1: off the bat. Instead of you know, even questioning who 200 00:11:12,080 --> 00:11:14,040 Speaker 1: the fuck he was, you know, obviously put out an article. 201 00:11:14,040 --> 00:11:16,080 Speaker 1: It made us some money. You know, we love him, 202 00:11:16,200 --> 00:11:18,240 Speaker 1: and you know we've known about cliff Hire our whole lives. 203 00:11:18,640 --> 00:11:21,959 Speaker 4: Centric gets a lot of exposure. People started buying it. 204 00:11:22,559 --> 00:11:25,480 Speaker 4: All his investors they're big guys. They're big investors. You 205 00:11:25,559 --> 00:11:29,880 Speaker 4: have a person that's very popular, tell you X y Z, well, 206 00:11:30,040 --> 00:11:32,720 Speaker 4: you have a say upwards of fifty to six percent 207 00:11:32,760 --> 00:11:37,200 Speaker 4: of those individuals doing what he suggested. In a thin 208 00:11:37,360 --> 00:11:40,680 Speaker 4: market like cryptocurrencies, you're going to move the. 209 00:11:40,600 --> 00:11:45,440 Speaker 2: Coins unintentionally, Cliff, crowds are some serious investments into Center Tech. 210 00:11:46,400 --> 00:11:47,920 Speaker 2: Cliff tried to do damage control. 211 00:11:49,000 --> 00:11:51,760 Speaker 9: I apologize. I did not do my due diligence. 212 00:11:52,240 --> 00:11:55,640 Speaker 4: He came out and made an apology. Sorry, guys, I 213 00:11:55,640 --> 00:11:58,600 Speaker 4: didn't mean to put Central Tech in there. 214 00:11:59,160 --> 00:12:02,040 Speaker 9: My reports screw me over because I believed my data. 215 00:12:02,400 --> 00:12:04,240 Speaker 9: I was tired and as my screw up. 216 00:12:04,640 --> 00:12:07,640 Speaker 2: The boys saw the momentum Cliff created. They didn't want 217 00:12:07,640 --> 00:12:11,200 Speaker 2: this attraction to slow anything down, so Sam Sharma took 218 00:12:11,200 --> 00:12:14,160 Speaker 2: matters into his own hands. He wanted to ensure that 219 00:12:14,280 --> 00:12:22,600 Speaker 2: nothing dimmed the spotlight Cliff just shined on the company. 220 00:12:22,640 --> 00:12:25,600 Speaker 2: After launching Center Tech's initial coin offer in late July 221 00:12:25,720 --> 00:12:29,640 Speaker 2: of twenty seventeen, Ray and Sam Sharma saw modest investment 222 00:12:29,679 --> 00:12:33,480 Speaker 2: steadily coming in, but nothing prepared them for what happened next. 223 00:12:34,360 --> 00:12:38,440 Speaker 2: A misprint by crypto guru Cliff High catapulted centri Tech 224 00:12:38,480 --> 00:12:41,319 Speaker 2: front and Center for the entire crypto community to see, 225 00:12:41,760 --> 00:12:45,880 Speaker 2: which meant one thing for Ray and Sam money. As 226 00:12:45,960 --> 00:12:49,880 Speaker 2: Cliff distanced himself from centri Tech, Sam realized that retraction 227 00:12:50,000 --> 00:12:54,120 Speaker 2: could hurt this newfound popularity, so Sam reached out. 228 00:12:53,960 --> 00:12:57,040 Speaker 4: To Cliff Sam being Sam's like, hey, no, no, no, 229 00:12:57,080 --> 00:12:58,720 Speaker 4: I need to explain this to you guys. You know 230 00:12:58,960 --> 00:13:01,160 Speaker 4: I'll come on your show in now. I'll show you 231 00:13:01,200 --> 00:13:03,800 Speaker 4: that we are with your bots. We're saying we were. 232 00:13:04,920 --> 00:13:07,320 Speaker 12: I want to first take the opportunity to bank you, Cliff, 233 00:13:07,400 --> 00:13:08,880 Speaker 12: for allowing us to come on your show. 234 00:13:09,280 --> 00:13:10,480 Speaker 2: The interview was live. 235 00:13:11,000 --> 00:13:13,319 Speaker 12: I want a first step for the record. I want 236 00:13:13,360 --> 00:13:16,080 Speaker 12: to tell all the viewers that we are one hundred 237 00:13:16,160 --> 00:13:17,600 Speaker 12: percent not a scam. 238 00:13:17,880 --> 00:13:21,079 Speaker 9: That's mine. But your statements, your statements don't mean anything. 239 00:13:21,200 --> 00:13:23,439 Speaker 9: You stating you're not a scam in no way proves 240 00:13:23,480 --> 00:13:24,439 Speaker 9: you're not a scam. 241 00:13:24,800 --> 00:13:28,319 Speaker 2: Once the pleasantries were out of the way, Cliff gets 242 00:13:28,320 --> 00:13:30,000 Speaker 2: down to brass tacks. 243 00:13:30,960 --> 00:13:32,120 Speaker 9: Who wrote the white paper. 244 00:13:32,720 --> 00:13:35,480 Speaker 12: Our white paper was written by our Philippines freelancer. 245 00:13:36,040 --> 00:13:39,880 Speaker 9: Okay, well you're gonna get sued. You don't attribute copyrights 246 00:13:39,920 --> 00:13:42,360 Speaker 9: and trademarks to any other organization whatsoever. 247 00:13:42,880 --> 00:13:46,040 Speaker 2: As they get into their conversation, Cliff was poking at 248 00:13:46,080 --> 00:13:49,679 Speaker 2: their relationships. Centri Tech had been advertising Ray and Sam 249 00:13:49,720 --> 00:13:54,800 Speaker 2: had publicized relationships with banks, specifically Visa, MasterCard, and Bankar 250 00:13:54,960 --> 00:13:58,080 Speaker 2: throughout their white paper, not to mention they had each 251 00:13:58,080 --> 00:14:02,120 Speaker 2: company's logos on Centra's website. How did two kids with 252 00:14:02,200 --> 00:14:06,240 Speaker 2: no financial, banking or crypto experience pull this off? Cliff 253 00:14:06,320 --> 00:14:08,920 Speaker 2: was trying to find out, and Sam felt like he 254 00:14:09,000 --> 00:14:09,720 Speaker 2: had the answers. 255 00:14:09,880 --> 00:14:11,840 Speaker 12: If you look at our terms and conditions, we definitely 256 00:14:11,880 --> 00:14:16,440 Speaker 12: reference to go to our website and. 257 00:14:16,120 --> 00:14:21,560 Speaker 4: You got this middle age ball white guy. This guy 258 00:14:21,720 --> 00:14:24,840 Speaker 4: so much experience. I mean, the guy is smart. 259 00:14:24,920 --> 00:14:25,120 Speaker 2: Right. 260 00:14:25,400 --> 00:14:29,840 Speaker 4: He was calling Sam's son, Look here, Son was cringe worthy. 261 00:14:29,920 --> 00:14:33,200 Speaker 9: Man, who's the fellow that is going to protect your 262 00:14:33,360 --> 00:14:36,280 Speaker 9: ass and is in charge of security for your system? 263 00:14:36,480 --> 00:14:38,560 Speaker 12: Well, we're going to hire action independent company to do 264 00:14:38,600 --> 00:14:39,400 Speaker 12: that with the funds that we. 265 00:14:39,440 --> 00:14:40,360 Speaker 9: Raised, You're fucked. 266 00:14:40,880 --> 00:14:42,840 Speaker 4: I think he was in some type of look like 267 00:14:42,880 --> 00:14:46,240 Speaker 4: a college dorm. That was another thing. I'm like, oh man, 268 00:14:46,280 --> 00:14:48,760 Speaker 4: you just you're raising like millions of dollars and you 269 00:14:48,800 --> 00:14:52,200 Speaker 4: look like you're in a college dorm. 270 00:14:52,400 --> 00:14:55,040 Speaker 2: Cliff question why the inexperienced Sam is the face of 271 00:14:55,120 --> 00:14:58,600 Speaker 2: censritech instead of their elusive CEO Michael Edwards. 272 00:14:59,120 --> 00:15:01,880 Speaker 9: Why are you in that chair now? Instead of the 273 00:15:01,920 --> 00:15:05,280 Speaker 9: CEO here that never really shows up anywhere, Mike. 274 00:15:05,400 --> 00:15:08,880 Speaker 12: Mike was honestly an investor who saw my vision and said, 275 00:15:08,880 --> 00:15:10,560 Speaker 12: you know what, I'm going to do this for you. 276 00:15:10,800 --> 00:15:13,120 Speaker 12: He gave me the opportunity to get where I am today. 277 00:15:13,600 --> 00:15:16,200 Speaker 9: Okay, so so Mike doesn't do shit, then why is 278 00:15:16,200 --> 00:15:18,320 Speaker 9: he the CEO? Does he show up at the office 279 00:15:18,320 --> 00:15:19,920 Speaker 9: every day or is he just the money dude? 280 00:15:20,600 --> 00:15:22,360 Speaker 12: No, to be honest, he's the money dude. 281 00:15:22,800 --> 00:15:24,600 Speaker 2: Cliff was one of the first to ask about the 282 00:15:24,640 --> 00:15:28,720 Speaker 2: money dude, the Harvard educated Michael Edwards. But he wouldn't 283 00:15:28,720 --> 00:15:29,720 Speaker 2: be the last. 284 00:15:32,120 --> 00:15:34,800 Speaker 12: My most important thing, honestly, and to make it last 285 00:15:34,800 --> 00:15:37,320 Speaker 12: statement please, Cliff, is We're not a scam. That's That's 286 00:15:37,320 --> 00:15:38,280 Speaker 12: what I came here to clear up. 287 00:15:38,720 --> 00:15:40,560 Speaker 9: You're not You're not a scam. You're just not very 288 00:15:40,560 --> 00:15:42,160 Speaker 9: good at what you're doing and you haven't really thought 289 00:15:42,200 --> 00:15:42,560 Speaker 9: about it. 290 00:15:44,880 --> 00:15:46,640 Speaker 4: Yeah, it was. It was pretty bad, man. It was 291 00:15:46,680 --> 00:15:50,120 Speaker 4: a bad interview, and it really exposed that Sam didn't 292 00:15:50,160 --> 00:15:53,360 Speaker 4: know what he was doing. He bit off more than 293 00:15:53,360 --> 00:15:53,920 Speaker 4: he could chew. 294 00:15:55,560 --> 00:15:56,400 Speaker 13: It goes awful. 295 00:15:56,640 --> 00:15:58,720 Speaker 1: That call was the first time I've ever seen soor 296 00:15:58,840 --> 00:16:01,560 Speaker 1: be scared while he was talking. Because this guy knew 297 00:16:01,600 --> 00:16:04,880 Speaker 1: every angle of how a debit card should work, and 298 00:16:04,920 --> 00:16:07,880 Speaker 1: how the bank contract should work, everything that our company 299 00:16:07,920 --> 00:16:08,440 Speaker 1: was doing wrong. 300 00:16:08,520 --> 00:16:11,880 Speaker 2: He knew Cliff knew his shit, and he smelled blood 301 00:16:11,880 --> 00:16:16,000 Speaker 2: in the water. The crypto community they went wild. It 302 00:16:16,040 --> 00:16:19,440 Speaker 2: wasn't a good look. Crypto Blood immediately posted a ran 303 00:16:19,600 --> 00:16:22,000 Speaker 2: video from the front seat of his car, supporting a 304 00:16:22,040 --> 00:16:24,200 Speaker 2: flat brim Tiger's lid stogie in hand. 305 00:16:25,080 --> 00:16:30,440 Speaker 4: Today we are talking Cliff High. First, Sammy the Bull 306 00:16:31,000 --> 00:16:34,760 Speaker 4: or Sammy the used car salesman. Cliff High murdered this guy. 307 00:16:35,880 --> 00:16:39,200 Speaker 4: He straight slaughtered this guy. You know, I kind of 308 00:16:39,240 --> 00:16:42,920 Speaker 4: felt bad for the dude, but then again I didn't 309 00:16:43,000 --> 00:16:48,320 Speaker 4: because the guy was delusional, like just had no wherewithal 310 00:16:49,520 --> 00:16:54,200 Speaker 4: on how to execute on this business. In my reaction video, 311 00:16:54,280 --> 00:16:56,840 Speaker 4: I just said, you know, just because you have a 312 00:16:56,880 --> 00:17:00,080 Speaker 4: big sum of money, if you don't know how to 313 00:17:00,520 --> 00:17:03,560 Speaker 4: allocate and utilize those funds in the proper way, you're 314 00:17:03,600 --> 00:17:06,680 Speaker 4: throwing good money after bad. You were just going to 315 00:17:06,800 --> 00:17:10,520 Speaker 4: prolong the crash, right, It'll just be a slow motion 316 00:17:10,680 --> 00:17:12,440 Speaker 4: crash instead of a fast one. 317 00:17:13,160 --> 00:17:16,159 Speaker 2: The buzz online wasn't good and it didn't end with 318 00:17:16,200 --> 00:17:20,600 Speaker 2: the interview. Centro was getting roasted on the forums. Investors 319 00:17:20,600 --> 00:17:24,520 Speaker 2: were running scared, including the investor we met earlier, Jacob. 320 00:17:25,240 --> 00:17:29,440 Speaker 10: That interview was bad, was really really bad. Just watching 321 00:17:29,480 --> 00:17:34,160 Speaker 10: Sam try to defend himself in his bedroom, trying to 322 00:17:34,280 --> 00:17:36,960 Speaker 10: say that it's not a scam, don't worry, and watching 323 00:17:37,000 --> 00:17:41,159 Speaker 10: Cliff just decimate him, it's kind of embarrassing. 324 00:17:41,560 --> 00:17:43,879 Speaker 4: People were like, oh shit, this guy doesn't know what 325 00:17:43,960 --> 00:17:46,040 Speaker 4: he's doing. I want my money back. 326 00:17:46,640 --> 00:17:49,040 Speaker 10: As just a regular person sitting on the outside looking 327 00:17:49,080 --> 00:17:52,040 Speaker 10: at these two people have a conversation, it's hard to 328 00:17:52,080 --> 00:17:53,440 Speaker 10: tell what's fact in fiction. 329 00:17:53,880 --> 00:17:56,919 Speaker 2: But scrolling through the comments section of that video, it 330 00:17:56,960 --> 00:18:01,399 Speaker 2: was apparent with the internet thought gems from the comments section, 331 00:18:02,320 --> 00:18:04,760 Speaker 2: this is what happens when a car salesman meets crypto. 332 00:18:05,320 --> 00:18:08,880 Speaker 2: Anyone who invests in this coin is insane. Who does 333 00:18:08,920 --> 00:18:11,560 Speaker 2: an interview with an unmade bed in the back. He 334 00:18:11,640 --> 00:18:15,240 Speaker 2: had me at Filipino Freelancer and I wouldn't give this 335 00:18:15,280 --> 00:18:18,600 Speaker 2: guy my grandmother's false teeth to hold. So Sam does 336 00:18:18,640 --> 00:18:21,879 Speaker 2: his own damage control and ends up making things worse. 337 00:18:22,200 --> 00:18:26,119 Speaker 4: They tried to report Cliff to Google slash YouTube for 338 00:18:26,240 --> 00:18:30,199 Speaker 4: copyright violation for his video. That's what really got Cliff 339 00:18:30,240 --> 00:18:33,199 Speaker 4: going the Twitter fingers. I don't know if this is 340 00:18:33,240 --> 00:18:37,480 Speaker 4: worse than Meek Mill versus Drake on Twitter or what. 341 00:18:37,760 --> 00:18:42,400 Speaker 2: Man but complete idiot crypto Blood saved some of Cliff's 342 00:18:42,400 --> 00:18:46,680 Speaker 2: posts on Twitter, now known as x We asked him 343 00:18:46,720 --> 00:18:48,800 Speaker 2: to read some of Cliff's tweets around this time. 344 00:18:49,400 --> 00:18:52,560 Speaker 4: He calls them Sam the Sham. That was the funniest. 345 00:18:52,920 --> 00:18:56,200 Speaker 4: Sam the Sham and CenTra complained to Google about their 346 00:18:56,240 --> 00:18:59,359 Speaker 4: logo appearing in the interview. They demanded, I do I 347 00:18:59,400 --> 00:19:04,760 Speaker 4: have email? Sam Sharma volunteered to do the video now 348 00:19:05,000 --> 00:19:08,760 Speaker 4: once it pulled from my sight, Sam Sharma and CenTra 349 00:19:09,119 --> 00:19:12,359 Speaker 4: can go take a step back and fuck their own face. 350 00:19:13,000 --> 00:19:16,240 Speaker 2: Sam back down with Cliff no longer an ally, he 351 00:19:16,359 --> 00:19:19,800 Speaker 2: had to turn to other influencers for support, but the 352 00:19:19,800 --> 00:19:22,119 Speaker 2: community didn't think too highly of Sam the Sham. 353 00:19:22,680 --> 00:19:26,480 Speaker 4: He was very arrogant, right, It was delusions of grandeur. 354 00:19:27,560 --> 00:19:32,240 Speaker 4: I don't know from what, but definitely was very unaware 355 00:19:32,280 --> 00:19:35,320 Speaker 4: of his own lack of understanding of various topics. That 356 00:19:35,640 --> 00:19:36,960 Speaker 4: clip high covered. 357 00:19:37,760 --> 00:19:40,840 Speaker 2: Pat in hand tail between his legs. Sam needed to 358 00:19:40,880 --> 00:19:41,520 Speaker 2: make amends. 359 00:19:42,400 --> 00:19:46,199 Speaker 4: Sam watched my reaction video. He reached out to me. 360 00:19:46,680 --> 00:19:49,600 Speaker 4: He's like, man, I'm sorry, I really effed up. 361 00:19:49,640 --> 00:19:49,840 Speaker 7: Man. 362 00:19:49,920 --> 00:19:53,639 Speaker 4: I was on Uncle Cliff's show and it just embarrassed myself. 363 00:19:54,320 --> 00:19:56,120 Speaker 4: And that's when our relationship started. 364 00:19:56,560 --> 00:19:59,800 Speaker 2: Crypto Blood saw another side of Sam, not the same 365 00:20:00,200 --> 00:20:04,240 Speaker 2: he saw on Cliff's show, a more human, approachable, authentic 366 00:20:04,280 --> 00:20:04,919 Speaker 2: Sam Sharma. 367 00:20:05,280 --> 00:20:09,080 Speaker 4: He was a different person off camera after the interview, 368 00:20:09,560 --> 00:20:12,280 Speaker 4: very humble. I think he realized that he didn't know 369 00:20:12,720 --> 00:20:14,959 Speaker 4: as much as he thought he did as far as 370 00:20:14,960 --> 00:20:18,000 Speaker 4: how to execute on this plan. He came from a 371 00:20:18,040 --> 00:20:21,080 Speaker 4: space of vulnerability and openness, and that's where I began 372 00:20:21,119 --> 00:20:22,639 Speaker 4: to respect him a bit more. 373 00:20:22,960 --> 00:20:26,040 Speaker 2: Sam was realizing his old war tactics weren't going to work. 374 00:20:26,800 --> 00:20:30,640 Speaker 2: He had to be contrite, humble, a leader. They had 375 00:20:30,680 --> 00:20:34,520 Speaker 2: to answer the questions Cliff raised. They could have hired 376 00:20:34,520 --> 00:20:37,400 Speaker 2: a consultant to help them fix these issues, but through 377 00:20:37,440 --> 00:20:40,359 Speaker 2: that interview, Cliff gave them the blueprint. 378 00:20:40,760 --> 00:20:42,679 Speaker 4: I think he went back and watched the video, he 379 00:20:42,720 --> 00:20:45,600 Speaker 4: saw the comments in the video, and then he kind 380 00:20:45,600 --> 00:20:48,639 Speaker 4: of took a step back, and at that point, I 381 00:20:48,640 --> 00:20:50,600 Speaker 4: think that's when things did change. 382 00:20:50,720 --> 00:20:53,960 Speaker 2: And if things didn't change, Sam Sharma would be kicked 383 00:20:53,960 --> 00:20:56,399 Speaker 2: out of the crypto community as quickly as he was 384 00:20:56,560 --> 00:21:01,280 Speaker 2: ingratiated into it. Little did Sam know this media circus 385 00:21:01,440 --> 00:21:03,840 Speaker 2: was just what center Tech needed to take the company 386 00:21:03,880 --> 00:21:14,479 Speaker 2: to the next level. While Sam sowerby Sharma was in 387 00:21:14,520 --> 00:21:19,000 Speaker 2: full fledged damage control repairing his personal and professional image online, 388 00:21:19,560 --> 00:21:22,720 Speaker 2: his partner Ray didn't seem too concerned. After the dust 389 00:21:22,720 --> 00:21:24,720 Speaker 2: settled from that Cliff High interview. 390 00:21:24,840 --> 00:21:29,439 Speaker 1: What's that saying, Oh, publicity's good publicity. That two million 391 00:21:29,440 --> 00:21:32,240 Speaker 1: from Cliff I kickstarted our whole thing. 392 00:21:33,400 --> 00:21:37,240 Speaker 2: You heard that right, Cliff High's little mistake allowed centri 393 00:21:37,320 --> 00:21:40,679 Speaker 2: Tech to collect two million dollars. As bad as that 394 00:21:40,800 --> 00:21:44,240 Speaker 2: interview was, Cliff brought some serious attention to centri Tech. 395 00:21:44,720 --> 00:21:47,359 Speaker 1: Dumb luck, complete dumb luck that first couple million, and 396 00:21:47,400 --> 00:21:50,119 Speaker 1: if that never happens, Centrum may never be what it was. 397 00:21:50,560 --> 00:21:53,639 Speaker 2: CenTra was ready to double down on this newfound spotlight. 398 00:21:54,359 --> 00:21:57,600 Speaker 2: Behind the scenes, Ray and Sam were solidifying other ways 399 00:21:57,640 --> 00:22:02,320 Speaker 2: to promote center Tech's New York Times journalist Nathaniel Popper, 400 00:22:04,200 --> 00:22:05,320 Speaker 2: how do you get. 401 00:22:05,119 --> 00:22:08,159 Speaker 11: Attention for a new product. You can come up with 402 00:22:08,200 --> 00:22:09,919 Speaker 11: a great business. You can come up with a product 403 00:22:09,920 --> 00:22:11,719 Speaker 11: that people like. But in a lot of these cases, 404 00:22:12,080 --> 00:22:15,640 Speaker 11: there wasn't even a product to offer, and so people 405 00:22:16,119 --> 00:22:18,880 Speaker 11: pulled out all the stops and they went to all 406 00:22:19,000 --> 00:22:22,560 Speaker 11: the old familiar methods of selling things. 407 00:22:23,560 --> 00:22:26,200 Speaker 2: These days, cryptocurrency is going mainstream. 408 00:22:26,480 --> 00:22:28,960 Speaker 9: Fortune favors the break. 409 00:22:28,680 --> 00:22:32,360 Speaker 4: Stars like Matt Damon, Paris Hilton, Megan the Stallion all 410 00:22:32,400 --> 00:22:36,480 Speaker 4: pushing crypto and sponsorships. Hey hotties, let's talk about bitcoin. 411 00:22:37,320 --> 00:22:39,679 Speaker 11: Obviously, the people who can get the most attention are 412 00:22:39,720 --> 00:22:44,640 Speaker 11: the celebrities. So unsurprisingly, these initial coin offerings, which were 413 00:22:44,720 --> 00:22:49,520 Speaker 11: operating in a sort of wild West without rules, without laws, 414 00:22:50,400 --> 00:22:54,800 Speaker 11: started going after celebrities and saying, if you tweet about 415 00:22:54,840 --> 00:23:00,560 Speaker 11: my initial coin offerings, I will offer you dollars one 416 00:23:00,640 --> 00:23:05,680 Speaker 11: hundred thousand dollars. A pretty wide array of people got 417 00:23:05,720 --> 00:23:08,720 Speaker 11: in on this action and made it clear that they 418 00:23:08,720 --> 00:23:13,080 Speaker 11: were willing to take money in order to promote these 419 00:23:13,119 --> 00:23:16,480 Speaker 11: point offerings, even if they had no idea what the 420 00:23:16,480 --> 00:23:19,000 Speaker 11: point offering was or how the coin offering worked. 421 00:23:20,200 --> 00:23:23,960 Speaker 2: Center wanted celebrity brand ambassadors to keep driving investments into 422 00:23:23,960 --> 00:23:24,600 Speaker 2: their company. 423 00:23:24,920 --> 00:23:26,480 Speaker 1: Were like, you know, how do we take this to 424 00:23:26,560 --> 00:23:27,240 Speaker 1: the next level. 425 00:23:27,840 --> 00:23:30,479 Speaker 2: Just a few months earlier, Rain Sam were ranting exotic 426 00:23:30,560 --> 00:23:33,879 Speaker 2: cars to some of the biggest athletes, musicians, and celebrities around. 427 00:23:35,160 --> 00:23:36,840 Speaker 2: That's a good place to start. 428 00:23:37,000 --> 00:23:40,000 Speaker 1: We got in touch with Floyd Mayweather, and Floy Mayweather 429 00:23:40,040 --> 00:23:44,600 Speaker 1: does a commercial for us, and he does two Instagram posts, what's. 430 00:23:44,440 --> 00:23:46,840 Speaker 14: Up is the one and only you may and Floyd 431 00:23:46,880 --> 00:23:52,160 Speaker 14: Money Mayweather got my central car, Bigcoin. I'm doing big thing, 432 00:23:53,280 --> 00:23:56,400 Speaker 14: spending some light money the new way things are doing. 433 00:23:56,920 --> 00:23:58,359 Speaker 14: Floyd Money Mayweather. 434 00:24:00,080 --> 00:24:03,800 Speaker 2: Weather has thirty million followers on Instagram. How the hell 435 00:24:03,800 --> 00:24:06,119 Speaker 2: did these guys land a heavyweight influencer like that? 436 00:24:06,520 --> 00:24:08,480 Speaker 1: We paid them two hundred thousand cash and then we 437 00:24:08,520 --> 00:24:10,680 Speaker 1: paid him about eight hundred thousand and centric coins. 438 00:24:10,920 --> 00:24:12,000 Speaker 2: Well, that explains it. 439 00:24:12,840 --> 00:24:17,119 Speaker 11: Floyd Mayweather. You know, his old nickname was Floyd Money Mayweather. 440 00:24:17,240 --> 00:24:21,840 Speaker 11: As a boxer, he started calling himself Floyd Crypto Mayweather. 441 00:24:22,080 --> 00:24:25,000 Speaker 1: And that brings in five ten million right off the bat, 442 00:24:25,000 --> 00:24:26,879 Speaker 1: like so quickly, and we're like, you know, what, fuck it? 443 00:24:27,000 --> 00:24:29,680 Speaker 1: Like me and Sorbi are like into hip hop, and 444 00:24:29,760 --> 00:24:31,240 Speaker 1: you know, we wanted to be cool like these, like 445 00:24:31,280 --> 00:24:33,320 Speaker 1: the people that we looked up to. So we're like, oh, 446 00:24:33,359 --> 00:24:40,080 Speaker 1: let's get Dj Khaled, Big Cal fifty thousand he does 447 00:24:40,200 --> 00:24:42,439 Speaker 1: one or two Instagram posts and that brings in, like, 448 00:24:42,520 --> 00:24:43,719 Speaker 1: you know, a couple million. 449 00:24:45,119 --> 00:24:46,639 Speaker 2: The money was flowing in. 450 00:24:48,520 --> 00:24:50,600 Speaker 1: You can see the excitement and these slack channels. 451 00:24:50,720 --> 00:24:53,080 Speaker 2: When it was all said and done, Ray and Sam 452 00:24:53,119 --> 00:24:54,560 Speaker 2: collected a lot of money. 453 00:24:54,840 --> 00:24:58,800 Speaker 4: They collected thirty million dollars from the ICO. There were 454 00:24:58,840 --> 00:25:01,280 Speaker 4: headlines about it. I got them a lot of attention. 455 00:25:02,880 --> 00:25:05,359 Speaker 3: DJ College as a working card in his hand. I 456 00:25:05,400 --> 00:25:07,879 Speaker 3: remember thinking at the time, Oh, wow, they have the 457 00:25:07,880 --> 00:25:10,840 Speaker 3: Central cards in the picture. I can't wait to get mine. 458 00:25:11,200 --> 00:25:13,960 Speaker 2: Nick Baal was another investor who liked what Center Tech 459 00:25:14,040 --> 00:25:14,440 Speaker 2: was doing. 460 00:25:14,920 --> 00:25:18,000 Speaker 3: They're not small, you know, beat to your celebrities. They're 461 00:25:18,040 --> 00:25:20,879 Speaker 3: not some rapper that had a one hit wonder. They're 462 00:25:21,000 --> 00:25:24,920 Speaker 3: people that everybody knows. And the idea that they would 463 00:25:25,000 --> 00:25:28,439 Speaker 3: endorse these I was ninety nine percent invested, and I 464 00:25:28,440 --> 00:25:30,440 Speaker 3: think that just took that little bit of doubt away. 465 00:25:32,880 --> 00:25:36,960 Speaker 2: With thirty million dollars collected from investors, their war chest 466 00:25:37,080 --> 00:25:40,320 Speaker 2: was established and the value of Center Tech wasn't the 467 00:25:40,359 --> 00:25:43,040 Speaker 2: only thing that grew. So did the community. 468 00:25:43,280 --> 00:25:45,879 Speaker 1: We had probably about three hundred people in our slide channel, 469 00:25:45,920 --> 00:25:48,439 Speaker 1: and then it jumped up like crazy, probably about two 470 00:25:48,520 --> 00:25:51,800 Speaker 1: to three thousand within dates. It's tough to even read 471 00:25:51,880 --> 00:25:54,440 Speaker 1: all the stuff that's coming in because everybody's just fucking 472 00:25:54,480 --> 00:25:55,520 Speaker 1: trying to ask you questions. 473 00:25:55,640 --> 00:25:59,760 Speaker 2: With the exposure came new skeptics. Cliff's questions about CenTra 474 00:26:00,040 --> 00:26:03,480 Speaker 2: were resurfacing. While Ray and Sam were able to avoid 475 00:26:03,520 --> 00:26:06,399 Speaker 2: the heat. New investors were now holding Cenru's feet to 476 00:26:06,400 --> 00:26:09,520 Speaker 2: the fire. How was this product going to work? 477 00:26:09,880 --> 00:26:12,400 Speaker 1: How you know the fee setup would work on the cards, 478 00:26:12,440 --> 00:26:14,800 Speaker 1: and how is it possible that you're able to make 479 00:26:14,920 --> 00:26:17,960 Speaker 1: crypto transactions instant for the debit card to work. 480 00:26:18,240 --> 00:26:20,720 Speaker 2: They needed help fielding all the investors' questions. 481 00:26:20,920 --> 00:26:23,320 Speaker 1: That's why we brought in Farcas to help us go 482 00:26:23,400 --> 00:26:25,639 Speaker 1: through this on a daily basis and kind of clear 483 00:26:25,720 --> 00:26:31,600 Speaker 1: up any sort of FUD quote unquote, yeah, yeah, they 484 00:26:31,680 --> 00:26:35,320 Speaker 1: quote FUDD. So FUD stands for fear, uncertainty of doubt. 485 00:26:36,840 --> 00:26:40,840 Speaker 2: As they say, more money, more problems, and Centri's problems 486 00:26:40,880 --> 00:26:44,320 Speaker 2: came in the form of FUD. Investor Jacob Rensel was 487 00:26:44,359 --> 00:26:46,480 Speaker 2: seeing all this take place from his laptop. 488 00:26:46,760 --> 00:26:50,480 Speaker 10: It definitely started as little things. Somebody would bring something 489 00:26:50,560 --> 00:26:52,240 Speaker 10: up and then I would go and look at that 490 00:26:52,280 --> 00:26:54,040 Speaker 10: and be like, yeah, that is weird what's going on there? 491 00:26:54,359 --> 00:26:56,920 Speaker 2: Each little thing could be the difference between someone sending 492 00:26:57,000 --> 00:26:59,639 Speaker 2: their money in or keeping their money out of CenTra. 493 00:27:00,480 --> 00:27:03,920 Speaker 2: And after a successful ico, Ray and Sam wanted all 494 00:27:03,920 --> 00:27:07,040 Speaker 2: the investors they could find. Farcas was on the front 495 00:27:07,080 --> 00:27:10,000 Speaker 2: lines trying to answer any questions that could create fud. 496 00:27:10,440 --> 00:27:12,800 Speaker 1: You're trying to clear the fud all day long. That's 497 00:27:12,800 --> 00:27:14,480 Speaker 1: all you're doing is clearing the fud. 498 00:27:14,920 --> 00:27:19,359 Speaker 10: While yes, there were people who were legitimately just trying 499 00:27:19,359 --> 00:27:22,800 Speaker 10: to spread fud, there were also individuals like myself asking 500 00:27:23,119 --> 00:27:26,480 Speaker 10: questions like, Hey, something not right here, Why is this happening? 501 00:27:26,520 --> 00:27:27,159 Speaker 10: Where did this go? 502 00:27:27,640 --> 00:27:30,280 Speaker 2: Behind the scenes, Ray and Sam would make a decision 503 00:27:30,400 --> 00:27:33,560 Speaker 2: that would come back to haunt them. 504 00:27:33,720 --> 00:27:36,080 Speaker 1: Everybody's starting to ask us, like all these very serious 505 00:27:36,160 --> 00:27:39,760 Speaker 1: questions about bank contracts. One day, like we took off 506 00:27:39,800 --> 00:27:42,239 Speaker 1: all the bank contract the Visa master cards, and then 507 00:27:42,240 --> 00:27:44,120 Speaker 1: everybody's like, oh, where the fuck are the bank contracts. 508 00:27:44,600 --> 00:27:47,520 Speaker 2: Remember, Centra's main product was a debit card that customers 509 00:27:47,560 --> 00:27:50,600 Speaker 2: could use to spend their cryptocurrency at stores like McDonald's 510 00:27:50,640 --> 00:27:54,000 Speaker 2: or Walmart, and Center claimed that their cards were backed 511 00:27:54,000 --> 00:27:58,280 Speaker 2: by Visa and MasterCard. They literally had pictures of Centric 512 00:27:58,359 --> 00:28:01,119 Speaker 2: Cards with the Visa logo right in the just like 513 00:28:01,160 --> 00:28:04,119 Speaker 2: the credit cards in your wallet. I'm surprised the website 514 00:28:04,160 --> 00:28:07,800 Speaker 2: didn't say CenTra It's everywhere you want to be. But 515 00:28:07,880 --> 00:28:11,200 Speaker 2: when those logos came off the website, it caught investor 516 00:28:11,280 --> 00:28:12,479 Speaker 2: Jacob Rensel's attention. 517 00:28:12,920 --> 00:28:15,080 Speaker 10: One are the big ones for me. Big red flag 518 00:28:15,600 --> 00:28:18,199 Speaker 10: was when there was no more mention of Bangcorp. There 519 00:28:18,240 --> 00:28:20,240 Speaker 10: was no more mention of Visa, there was no more 520 00:28:20,240 --> 00:28:23,959 Speaker 10: mention of MasterCard. All of those logos disappeared. 521 00:28:23,640 --> 00:28:25,600 Speaker 1: And then once everybody asked these questions, we put it 522 00:28:25,680 --> 00:28:27,320 Speaker 1: back on. You know, like that was like our day 523 00:28:27,359 --> 00:28:29,600 Speaker 1: to day was just like just trying to like keep 524 00:28:29,640 --> 00:28:32,760 Speaker 1: everything afloat and not make everybody go crazy in our chat. 525 00:28:33,880 --> 00:28:37,560 Speaker 2: Jacob and the Cenra community were diligent on slack. Investors 526 00:28:37,560 --> 00:28:41,080 Speaker 2: were seeing questions that were concerning maybe CenTra wasn't what 527 00:28:41,120 --> 00:28:44,959 Speaker 2: they thought it was. One thing certainly was apparent. It 528 00:28:45,000 --> 00:28:48,240 Speaker 2: was becoming harder and harder to discertain fact from fiction. 529 00:28:50,720 --> 00:28:52,720 Speaker 2: I've always wondered why Ray and Sam were trying to 530 00:28:52,760 --> 00:28:56,600 Speaker 2: even answer these questions. They weren't over their heads. They 531 00:28:56,600 --> 00:29:01,120 Speaker 2: didn't know this business, remember, said himself. 532 00:29:01,000 --> 00:29:02,680 Speaker 1: To own a tech company. You don't need to be 533 00:29:02,720 --> 00:29:06,360 Speaker 1: a technical guru. You're just incorporating yourself into this space 534 00:29:06,400 --> 00:29:07,760 Speaker 1: because you see there's value there. 535 00:29:08,400 --> 00:29:12,200 Speaker 2: That's why they hired Michael. He worked in the banking industry. 536 00:29:12,280 --> 00:29:15,240 Speaker 2: He had the experience and wherewithal to weather these types 537 00:29:15,280 --> 00:29:19,720 Speaker 2: of storms. With this type of confusion and concern. Typically, 538 00:29:19,800 --> 00:29:22,560 Speaker 2: you'd expect the CEO to come out and reassure investors. 539 00:29:23,640 --> 00:29:29,200 Speaker 2: So where was their CEO? Michael Edwards? On the next 540 00:29:29,200 --> 00:29:31,120 Speaker 2: episode of Creating a Con. 541 00:29:33,000 --> 00:29:36,160 Speaker 13: It's a business where you have to deliver and people 542 00:29:36,480 --> 00:29:37,160 Speaker 13: judge you on that. 543 00:29:38,800 --> 00:29:42,560 Speaker 2: We'll meet their silent investor, the money dude, and hear 544 00:29:42,600 --> 00:29:45,720 Speaker 2: the extraordinary story about how Michael Edwards came to be 545 00:29:45,760 --> 00:29:46,440 Speaker 2: their CEO. 546 00:29:47,040 --> 00:29:50,960 Speaker 13: Your reputation is vital. Are you someone who has a 547 00:29:51,000 --> 00:29:53,400 Speaker 13: record of doing things that can be trusted? 548 00:29:57,440 --> 00:30:00,280 Speaker 2: Creating a Con is a production of Glass podcast Gusts, 549 00:30:00,640 --> 00:30:04,880 Speaker 2: a division of Glass Entertainment Group in partnership with iHeart Podcasts. 550 00:30:05,440 --> 00:30:07,240 Speaker 2: If you would like to reach out to the Creating 551 00:30:07,240 --> 00:30:10,160 Speaker 2: a Con team, email us at Creating a Con at 552 00:30:10,160 --> 00:30:14,160 Speaker 2: gmail dot com. That's Creating a CEO n at gmail 553 00:30:14,240 --> 00:30:18,479 Speaker 2: dot com. We appreciate your support. 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Also be sure to 558 00:30:31,160 --> 00:30:34,240 Speaker 2: check us out and follow us on Instagram at Glass Podcasts. 559 00:30:35,320 --> 00:30:38,640 Speaker 2: The show is hosted and produced by me Johnny be Good, 560 00:30:39,000 --> 00:30:43,840 Speaker 2: with executive producers Nancy Glass, Ben Fetterman, and Andrea Gunning. 561 00:30:44,280 --> 00:30:48,760 Speaker 2: Written and produced by Ben Fetterman and Todd Gans, additional 562 00:30:48,760 --> 00:30:54,080 Speaker 2: writing by Matt Delvecchio, Operations and production support by Christin Melchiori. 563 00:30:54,640 --> 00:30:59,320 Speaker 2: Additional production support Trey Morgan. Our iHeart team is Ali 564 00:30:59,400 --> 00:31:04,360 Speaker 2: Perry and Jessica Crimecheck. Sound editing and mixing by Matt Delvecchio, 565 00:31:05,520 --> 00:31:09,960 Speaker 2: Consulting producer Nathaniel Popper. Creating a CON's theme composed by 566 00:31:10,040 --> 00:31:15,080 Speaker 2: Oliver Bains. 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