YouTubers Get Sued For $1,000,000,000

The influencers who promoted FTX are now being sued for allegedly promoting "unregistered securities", and questions are now floating about whether this lawsuit will go all the way. I spoke to @LegalEagle and @MeetKevin to find out more.

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3D Artist: Ed Leszczynski @LeszczynskiEd
Video Editor: Harry Bagg @HarryRBagg
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This video is an opinion and in no way should be construed as statements of fact. Scams, bad business opportunities, and fake gurus are subjective terms that mean different things to different people. I think someone who promises $100K/month for an upfront fee of $2K is a scam. Others would call it a Napoleon Hill pitch.

[LegalEagle]

I want to set the record straight: Meet Kevin and I are NOT the same person. Even though you've never seen both of us in the same place at the same time, WE ARE DIFFERENT PEOPLE. Allegedly.

[ThePlainBagel]

Influencer marketing in the financial services/products space is such a hazardous practice. There's a reason most (not all) YouTubers with industry experience don't take these deals.

[lawrencebaker]

ALWAYS ignore "gurus" and "influencers"

This IS financial advice.

[TheTravelingTrader]

These finance YouTubers who promoted FTX have no idea how finance works. That interest bearing account is the main reason I said no when FTX approached me. If they’re paying you 8% what shady things are they doing to earn more than that?

[DokaRyan]

I remember buying crypto in 2021, then forgetting about it until today. Diamond hands, or Dimensia hands? Either way, i'm down 92%

[muB]

Despite the hilarious irony, Coffee really has been the one who stands his ground -- staying with the facts, not just people.

[wildcat]

That man doing a video call while operating a moving vehicle tells me everything I need to know about his ability to accurately assess risk.

[Trelior]

"If it succeeds it's because I made you money. If it fails, it's because you were stupid and listened." is what I'm getting from Kevin's attitude.

[dbrakowski]

"Ignore the influencers"---best advice EVER, not just the financial types.

[benno]

I really appreciate how Coffee doesn't pull any punches when he interviews people. Most other journalists don't have the nerve to press people further after receiving the initial response to their questions. But Coffee isn't afraid to put pressure on the other party in pursuit of a full and comprehensive explanation of their side of the story. He gives them room to fully express themselves while not shying away from challenging them on their beliefs and questioning their reasoning. That's how you get a proper statement.

[melyannac]

Influencers try not to scam their fans challenge **impossible**

[keleynal]

A whole month without coffee. I’m going through withdrawals

[yota]

I treat any influencer product advice the same way I would from a stranger at the bus stop.

[genericyoutube]

I'm glad he took it really seriously, and decided to take the interview in his car.

[stephens]

People taking advice from "financial influencers" need to realize that they are not the customer, they are the product.

[mikemian]

Kevin's commentary demonstrates that influencers are sales people. They have thier own interests at heart, first and foremost. They make money from selling not knowing. Ironically knowing is an impedement, as this might give grounds to a lawsuit.

[algi]

I think it is very symbolic that this guy is talking about his responsibility on a phone while driving.

[kelloggscuts]

This is why I NEVER buy anything that’s sponsored, even if it’s from an influencer I trust… if they’re getting paid, I trust it as much as I do a commercial on television

[Karrigsturn]

I remember watching meet Kevin’s video where he said he puts in his rental contract that the tenant has to clean a specific part of the window pane. When one didn’t he said he was going to take it out of their bond. This is the kind of man we’re dealing with.

[oyunkrali]

Bros AZO4RT is going so crazy and unexpected that this is pretty much everywhere and spreads like crazy. Is this the real pandemic?