36 Year Old Man Accused of Scamming $1.5 Billion

43 thoughts on “36 Year Old Man Accused of Scamming $1.5 Billion”

1. Correction: The "war-torn Cairo" statement was from a GQ magazine profile written on Shafi. It appears that there was no war in Egypt during the 80's. So either Shafi lied to GQ magazine to embellish the story of his upbringing or GQ magazine made up that fact. Either way it was a faulty source that made it into the video so apologies for that and I wanted to correct the record.

2. I truly enjoy your videos. They are so informative and well made. Thank you!

3. “War torn Cairo” ??? Please review your sources, there was no war in Cairo in the 80s

4. Nice. Now do Elon Musk.

5. So basically pied piper from the Silicon Valley serie

6. Anyone go to prison? … justice is everything but just nowadays… no wonder more and more ppl try their luck …

7. Dude scams over a billion dollars. Then wears his Coffeezilla cosplay in the thumbnail. Youre not fooling anyone, sir.

8. What does being 36 years old have to do with that amount of money or the scam. 1.5 billion dollars seems like big boy money

9. Very nice ❤❤🎉🎉

10. @1:11 "in the 1980s, his father fled war-torn Cairo" what?? What war? There was no war in Cairo…. everything about this guy and his history (and his father's) seems to be a lie..

11. Oh no how will the meet now

12. "Fame and fortune is too alluring." Nah, it's called entitled greed.

13. Sources in description would be great

14. Elon Musk us next!

15. Most people have no idea how much extra money is sloshing around in investors pockets, thanks mostly to capital gains taxes being capped at 15%. The losses due to these scammers are a tiny chunk of the pie. For many investors, actualized losses are a good tax deduction or simply a rounding error.

16. thumbnail of scammer in Coffeezilla fit made me click this

17. Yawn…. Yet another USA scammer….. there’s millions of them

18. Lol same old story. Fraud

19. Too funny. Not one person verified the user database by doing a representative verification statistically😅

20. It seems Twitter got away with this for years

21. I am making an app just like this. Better than this. Hopefully we can create a better society together.

22. Exposing a scam like this literally takes 5 seconds of research. I don’t know how these investors got scammed

23. Nobody does it but… look at the CEO of the company you're buying from. Do like, 4 seconds of research. Also, anything tied to SoftBank is probably an L

24. they all do this

25. He got greedy! He SHOULD have stopped at $500k and BOUNCED to the Philippines where he would have got 5 1/2 to one on his money!

26. IRL what a stupid name. What happens when the IRS fines you at a loss…you call youself IRL. It’s like Abraham was trying to create a URL but it was all about him “I” so he called it IRL.

27. I doubt (3:00) that IRL had a quote on their website that said “the best way to solve the loneliness epidemic is with another mobile app.” Perhaps ColdFusion is paraphrasing because “another mobile app” just sounds too sarcastic.

28. there is never a lifetime in jail, maybe 10 years with parol after 5 with good behaviour and when the hype dies around the case, then released and some hidden funds a few mills is worth to risk the thing

29. YESSSS

30. The thing here comes with a dream from someone that has the money to someone that has "or faked" the idea. Sadly there are many sellers out there trying to rise money without a product or service. The only question that comes to me is, what is benefit behind investors giving money like that to later be fighting at court?

31. Both. Future startup gurus should be warned. If you do something bad, Dagogo & Cold Fusion will know all about it.

32. If you didn’t scam SoftBank, do you actually exist?

33. These investors are too old/stupid to understand what they buy, so they use this losses as marketing costs/tax losses. By then they own the model, and bring it to Blackrock.

34. I thought that was Kegan Michael Keye from Keye & Peele, from the thumbnail for a second

35. I think that there is both more fraud and we are also getting better at detecting it.

36. This is the same for Tinder, Bumble, and 100s of similar apps. Tinder hires female workers to talk to guys.

37. Investors should’ve just asked one genzeer about the app to realize nobody knew it existed

38. Sir please make a Video of new Huawei P60 Pro with Groundbreaking China made 7nm Chip.

39. how many bad investments has softbank made so far?

40. Also (as far as the US goes) it already has its stable of near trillion dollar modern tech companies (helped along by the cough cough cough backed investors of the 90's/00's) to give it the edge heading into the tech age. everyone else wanting to get rich in sm/tech at this point is probably going to be an over-eager run-of-the-mill sociopathic hack/fraud, more likely than not… and why? there's just not a lot of room to innovate, again USA already got its tech giants, plus investors prefer mild rehashes of already proven ideas (great for true innovation) with the cherry on top being that the economic conditions are worse than ever for these kind of nth-wave techno-bullshit "future companies"

41. what lessons can be learned? stop putting billions of dollars behind pixels on phones… "death of the real economy" is right mate

42. Yeah, if you claim that your app is that big but no one has ever heard of it it's definitely a scheme, did those investors do no due diligence?

43. Nowadays, the kids are faking almost everything. Why? They don't have love of truth.

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