How Logan Paul Scammed People Out of Millions

Re:How Logan Paul Scammed People Out of Millions by _fat_santa on Sunday December 18, 2022 @01:20PM (#34040686)

I watched the video the other day when it came out and he interviewed several people that invested between 10k and 500k into the project. Seems like all those folks got taken up by the hype but the part I just can't wrap my head around is even then, how do you just dump that much money into something without any due diligence.

All the "due dillegence" that these guys seemed to have done is: "well Logan is rich and famous so this must be legit". I would have a hard time investing $50 of my own money just based off that, I don't know how you can convince yourself that investing thousands into this one crypto project is a good idea.

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Re:How Logan Paul Scammed People Out of Millions by bobbob1921 on Sunday December 18, 2022 @01:34PM (#34040926)

I agree with all of this, my only guess as to how some of these people could dump that much money into something without any due diligence, is perhaps their source of the investment was other crypto gains so it didn’t seem like real money in the first place. (Ie was not money they actually work for/earned nor ever had in their “fiat bank account”, so it all seemed fake/like Monopoly money.

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Re:How Logan Paul Scammed People Out of Millions by nerdponx on Sunday December 18, 2022 @01:34PM (#34040934)

Did they invest that much, or are they conspirators saying that they invested that much in order to convince other people to invest that much?

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Re:How Logan Paul Scammed People Out of Millions by eldenwrong on Sunday December 18, 2022 @01:33PM (#34040918)

Side effects of easy monetary policy and low education of the wealthiest population in the world.

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Re:How Logan Paul Scammed People Out of Millions by rightbyte on Sunday December 18, 2022 @01:43PM (#34041117)

> how do you just dump that much money into something without any due diligence.

They believe they are scammers too, not the victims?

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