Criptofraude

I loved the honesty from Ray - other's may despise him but without his honesty, the public wouldn't be able to learn how these types of frauds with ALT Coins happen. The title Bitconned may be a little deceiving imo, since what he was selling was an alt coin (78% of those fail due to different reasons such as fraud, pump and dumps, bad mgmt, etc). BIT and ETH aren't in the same class as alt coins and the title may give some the wrong impression imo. He isn't the only one out there who has done such a thing - but he got caught. He was the first to have such a great idea that has taken off since, which means he has talents, but took the wrong path. He just wanted it now and couldn't wait.

We learn lessons not only on alt coin fraud but identity theft (such as the fake lawyer that they had no idea they hired) which brings me to why I didn't give this a 10 star rating because Netflix just couldn't help themselves but to throw in a Presidential candidate's picture and name and associate it with fraud when he had nothing to do with it. So had to deduct 1 star.

As far as the house issue at the end, I have heard yrs ago (not sure if it still stands today) that FL has some kind of law that your home is protected from being able to be taken in any kind of bankruptcy, monetary claims, lawsuits including civil and it is a way of protecting your money.

All in all, informative.

I am speechless at this highly entertaining and shocking documentary. So well made... if I say anything more then it's too many give aways. Ray Trapani is a very crooked wannabe mafioso and it all starts off as child's play but the further along you get, you see that so many people were so gullible in the scam that you can't even call Ray a genius. He's just the luckiest joker ever. It's very unfortunate what happened to the folks that lost their hard savings, and I do believe they tried to glorify this docu and make Trapani the modern day Jordan Belfort. Which is many ways, he is. His mum is a boss though, I did enjoy watching her and his fabulous grandma on screen.

These guys who conned others with their crypto scam are terrible but their victims are gullible! When will people learn that practically everything having to do with crypto currency, especially something new, and seems too good to be true is a scam?! Some Americans like these guys are also just as sleazy scammers as foreign ones, just usually much more sophisticated at it. Can't believe people fell for this and other crypto scams. Maybe this documentary and other stories will finally teach people to do their due diligence before giving their accounts over to strangers and trusting them to be who they claim to be.

Here's The 4K Lowedown on "Bitconned" (TV-MA - 2024 - Netflix)

Genre: Documentary/True Crime

My Score: 7.0 Cast=4 Acting=7 Trailer=6 Ending=8 Story=9 Visuals=7 Direct=7 Sounds=6 Genre-9 Sub-genre=7

In this true-crime documentary, three guys exploit the freewheeling cryptocurrency market to scam millions from investors and bankroll lavish lifestyles.

"Ever since I was a kid, I wanted to be a criminal." A successful documentary is one that can educate or infuriate...and this was able to achieve both for me. Ultimately not a topic I cared much about, but I had a little knowledge of cryptocurrency. The focus of this documentary is a prick from the word go, but I found myself understanding why people were giving their money to him. If you are interested in true crime or the subject matter, this is worth a watch.

Bitconned (2024) emerges as a captivating and insightful exploration of the Centra Tech crypto scam, a fraudulent scheme that captivated the cryptocurrency world and defrauded investors of millions of dollars. The film delves into the intricacies of the scam, revealing the mastermind behind the operation, Ray Trapani, and the elaborate deception he orchestrated.

Directed by Bryan Storkel, renowned for his compelling documentaries, Bitconned interweaves interviews with victims, former Centra Tech employees, and investigative journalists to paint a comprehensive picture of the scam. We witness how Trapani, fueled by a lifelong fascination with crime and a thirst for wealth, devised a sophisticated scheme that fooled investors worldwide.

The documentary exposes the intricate mechanics of the scam, highlighting the false promises, fake celebrity endorsements, and sophisticated technology used to manipulate investors. We see how Trapani and his associates exploited the unregulated nature of the cryptocurrency market to operate with impunity, raking in millions of dollars while leaving countless victims in financial ruin.

The documentary also delves into the psychology of the scam's participants, exploring the motivations that drove Trapani and his collaborators to commit such audacious fraud. It examines the allure of quick money, the desire for fame and status, and the willingness to bend ethical boundaries in the pursuit of financial gain.

Bitconned serves as a cautionary tale for those considering investing in cryptocurrencies, emphasizing the importance of due diligence, critical thinking, and skepticism when evaluating investment opportunities. It warns against falling prey to overly optimistic promises and unchecked greed, urging individuals to conduct thorough research and understand the risks involved before investing in any cryptocurrency venture.