#35 - The $500 Million FOREX Ponzi Scheme | Matthew Cox

Danny Jones Podcast

Danny Jones

Society & Culture, Documentary, Comedy

4.4 • 777 Ratings

🗓️ 28 February 2020

⏱️ 154 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

This episode of the Koncrete Podcast tells the story of a kid in his mid 20's named Blayne Davis who managed to steal millions of dollars utilizing foreign exchange market trading, otherwise known as "FOREX" trading. Blayne was so slick, that once the market crashed in 2008 and the federal indictments started closing in, he was not only able to syphon millions of dollars offshore, he was able to shift all the blame onto one of his biggest victim investors by the name of Donovan Davis. Blaynes multiple ponzi schemes were ultimately rolled into the largest Forex ponzi scheme in history. Read the full story of "The Gap" here: http://bit.ly/2SXuh3S Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

Click on a timestamp to play from that location

0:00.0	Hello, world. On this week's episode of the Concrete podcast, we're back with everyone's
0:06.9	favorite con man, Matthew B. Cox. This podcast tells the story of a kid in his mid-20s named
0:13.6	Blaine Davis, who managed to steal tens of millions of dollars utilizing foreign exchange
0:18.8	market trading, otherwise known as Forex.
0:22.2	Blaine was so slick that once the market crashed in 2008 and the federal indictment started
0:26.7	closing in, he was not only able to siphon millions of dollars offshore, but he was able to shift
0:32.0	all of the blame of his Ponzi schemes onto one of his biggest victim investors by the name
0:36.8	of Donovan Davis. Blaine's multiple Ponzi schemes were one of his biggest victim investors by the name of Donovan Davis. Blaine's
0:38.5	multiple Ponzi schemes were ultimately rolled into the largest 4X Ponzi scheme in history. Blaine
0:44.7	is scheduled to be released in April of 2021, yet his victim investor Donovan, the one he was
0:50.4	able to shift all the blame onto, and the only innocent man in the story still sits
0:55.4	in prison with a decade left to serve. This might be one of the best stories Matt's ever told
0:59.7	on the show. We really enjoyed it, and I hope you do too. Enjoy the show. What's up?
1:13.4	Double ventas.
1:15.3	They fuck the coffee up.
1:16.3	Matt's rocking the double venti.
1:18.2	What's in that?
1:18.8	What's it missing?
1:20.9	The sugar is probably at the bottom.
1:23.9	It's all right.
1:24.2	I drink a little bit and I'll stir it up.
1:25.6	How much sugar are you put in the coffee again? Eight raw sugars. Eight raw sugars per cup. It's a v I drink a little bit, and I'll stir it up. How much sugar, how much sugar you put in the coffee again?
	...

Please login to see the full transcript.

Previous episode | Next episode

Disclaimer: The podcast and artwork embedded on this page are from Danny Jones, and are the property of its owner and not affiliated with or endorsed by Tapesearch.

Generated transcripts are the property of Danny Jones and are distributed freely under the Fair Use doctrine. Transcripts generated by Tapesearch are not guaranteed to be accurate.