Confessions of a College Ponzi Scheme Mastermind: My Shocking Path to a Supermax Prison | Syed Arbab

Locked In with Ian Bick

Ian Bick

Society & Culture

4.8 • 745 Ratings

🗓️ 3 September 2024

⏱️ 131 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

Listen to the astonishing true story of Syed Arbab, a college student who sought to escape his normal and religious upbringing by attending a notorious party school. What started as a way to reinvent himself soon spiraled out of control when his legitimate business began to crumble, leading him to mastermind a Ponzi scheme. But Syed's troubles didn't end with his arrest. Even in federal prison, his actions continued to draw attention, ultimately leading to his transfer to a Supermax facility where he spent time with some of the most prolific inmates in United States History.. In this candid confession, Syed Arbab reveals the shocking details of his rise and fall, the critical mistakes that led to his downfall, and the harsh realities of life behind bars in one of the toughest prisons in the world. #PonziScheme #SupermaxPrison #TrueCrime #WhiteCollarCrime #PrisonLife #CrimeStory #Fraud #FinancialScam Hosted, Executive Produced & Edited By Ian Bick: https://www.instagram.com/ian_bick/?hl=en https://ianbick.com/ Thank you to our sponsors this week: My Bookie: Go to https://www.mybookie.ag/ and use promo code LOCKEDIN to claim a bonus up to $1,000 on your first deposit. Connect with Syed Arbab: https://www.linkedin.com/in/syed-arbab-ab5656326?utm_source=share&utm_campaign=share_via&utm_content=profile&utm_medium=ios_app https://www.instagram.com/saa90285/ Presented by Tyson 2.0 & Wooooo Energy: https://tyson20.com/ https://woooooenergy.com/ Buy Merch: https://lockedinbrand.com Use code lockedin at checkout to get 20% off your order Timestamps: 00:00:00 - Connecting with a Fellow Indictee 00:08:28 - Changing Mindsets After Incarceration 00:16:34 - Boundaries and Cultural Differences 00:24:22 - Differences in Cultural Upbringing 00:32:59 - From College to Investment Fund 00:41:57 - The Beginning of the Downfall 00:50:23 - Financial Devastation and Legal Consequences 00:58:23 - Stalling Tactics and Manipulation in Financial Fraud 01:06:22 - The Consequences of Messing Everything Up 01:14:27 - The Breakup and the Prison Phone 01:22:23 - Getting Caught and Facing Consequences 01:30:22 - Investigation and Designation 01:38:27 - Incarceration and Life in Prison 01:46:37 - Life in Prison, Education, and First Step Act 01:54:57 - Adjusting to Life After Incarceration 02:02:49 - Focusing on Education During Incarceration 02:10:50 - Farewell from the City Powered by: Just Media House : https://www.justmediahouse.com/ Creative direction, design, assets, support by FWRD: https://www.fwrd.co Learn more about your ad choices. Visit podcastchoices.com/adchoices

Transcript

Click on a timestamp to play from that location

0:00.0	Diyad, welcome to Lockton. This has been like, what, five years, I think, in the making.
0:05.3	We can, well, you tell the people the story how we connect it.
0:08.2	In, I think 2018, 2019, when I originally got indicted, right, I had just Google searched
0:16.9	like cases where 20-year-old indicted of securities fraud and shit like that,
0:23.7	um, and see what they went through. And there were like two searches that came up. One dude
0:27.3	in New York, right? He got like three months and a slap on the wrist. And I had read about
0:31.0	this dude named Ian Bick, you, who had, um, inevitably gotten three years in prison. Um, And then I saw that you had already came home
0:41.5	and I had reached out to. I think it was on Facebook or Instagram. I was like, bro, my name is Syed. I know
0:49.3	you don't know me, but I'm about to go to prison. Could you please help me out? Like what did you do when you got indicted? And
0:57.1	I think you were like kind of wary of the text at the time because I think you were still on probation.
1:02.3	So I don't think you responded, but I was like pleading. I was like, bro, I just need some fucking advice. Could you please give it to me? And then you had actually given me
1:10.7	retrospectively probably the best advice I could have gone. Look, me and then you had actually given me retrospectively probably the best
1:12.2	advice I could have gone look bro what you need to do is you need to first get yourself situated
1:20.7	and not like rush into like buying an attorney whatever whatever, right? And then also
1:28.1	bring the case to trial.
1:30.7	And, you know, at that time, I had already gotten an attorney, right?
1:33.8	A defense attorney.
1:34.9	And he had actually told me that it was probably the worst thing I could do was
1:39.2	was taking to trial.
1:40.0	And I agreed with him for a second because, you know,
1:44.0	the charges that I was facing, right, ran up to 20 years of imprisonment because they could have got me on wire fraud, check fraud, mail fraud, and securities fraud.
1:55.3	So I was just scared.
	...

Please login to see the full transcript.

Previous episode | Next episode

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

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