Criptoestafas

This documentary is well-made entertainment.

It even does not fall into the Netflix-pitfall of wokeness and judgementalism. Viewers can form their own opinions, and those may vary. Kudos to that.

Is the fraudster telling the truth?

Is he still playing? Can he do anything else?

Is he a sociopath? What went wrong with him? Are his brothers criminals as well?

It's a story we're being told. Is it the real story?

I really want to hear the other guy's telling of it!

As if you have to be rich to travel the world.

You only have to be rich if you don't want to travel and experience the world but just go places, live luxuriously, and think that makes you a success.

Or maybe just a case of SDS.

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.

Bitconned does a very good job of putting the crypto contradiction of trusting nobody but the least trustworthy on full display. All those sucker 'investors' who were told not to trust banks or the government instead put their full faith and credit into the hands of a drug addict's Potemkin company.

Even for those of us who have watched this play out again and again it is always shocking to see just how flimsy these scams are -- the clearly fake profiles and partnerships, quid-pro-quo promotion from unqualified celebrities, an idiotic and plagiarized business plan. Yet they managed to raise millions from the 'skeptical' masses who refuse to place any trust actual institutions with real assets.

The Centra scam really encapsulates the entire Crypto cycle quite well -- these flunkies raised money off the back of a man who predicted a collapse of the western financial system -- and of course it turns out the only financial institutions that collapsed were house of cards crypto companies he promoted.

How people keep falling for this I'll never understand.

People will have a field day psychoanalysing the antagonist in this documentary - rarely do we get such clear insight into the mind of a cold-hearted fraudster. Ray Trapani is also an archetype representing those capable of ripping off other human beings without a flicker of emotion (and there's a higher than average representation of such people in the world of alt crypto) - it's fascinating to see such a disgusting example of humanity reveal himself for what he is. He's so disconnected from what it means to be human that he somehow thought it would be a good idea to show the world what a piece of garbage he is. This documentary is worth a watch simply to see that play out.