Bitconned

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.

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.

This documentary made my blood boil in every way I like. The story was put together well and painted Ray Trapani (the lead scam artist) in a way that made him truly look like a criminal. This is not always done well by Netflix.

If you like documentaries about crime, scams and crypto, than you need to watch this. It will blow your mind what these con artists come up with to make a quick buck off the ignorant.

In the film you will follow Ray, who lays out all the scams he has pulled over his lifetime. This leads up to the biggest scam of all, Centra Tech. I don't want to ruin anything but let me say this, our judicial system is in serious need of some changes here in the U. S. A.

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.

The main character, whose name i dont really care about, some of his partners (not all) as well as his family seem to have no problem while talking about their malicious, greedy way to rip off others... alongside many unbelievably immoral statements this one shows what kind of people the "great" western economic and political system of greed and egoism brings out in people,"... i mean, there was this one guy, who was trying to invest (in centra), and then he gave me his password to his whole crypto account. He ment to send me his passcode to send the Centracoins to.... and he gave me his password. ... And i was in this moment like, " Holy shix, this guy just gave me his password. I logged in, couldn't help myself. I already had millions... this is like 100.000 sitting in his account... What do i do here?! And then i just transfered all to my account..."

This quote itself says everything about his character. You should see his cold, proud grin while saying it.

Btw: the money is still "gone" and this, well, i would call him "cold-hearted psychopath" seems to live a good life, planning new businesses ...

He just plays the game big players in our world, the rich and powerful out there always did and still do ... if it's about tax evasion, political corruption or this kind of fraud... it makes no difference. People who can't get enough, who wanna own more and more, if its money, power, control... are the same kind of misleaded individuals, who just dont get, what life is about.

I wouldnt wonder, if he felt good about this documentary and whats even worse, if quite a few young people out there find this way of life, full of manipulation, lies and betrayal attractive.