Fraud Week: How Crypto Convict Made Millions Before Getting Caught, with Ray Trapani and Jonny B Good | Ep. 816

The Megyn Kelly Show

SiriusXM

News, Society & Culture, News Commentary

4.4 • 38.5K Ratings

🗓️ 12 June 2024

⏱️ 75 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

On this episode of "Fraud Week," Megyn Kelly is joined by Ray Trapani, whose story was told in the Netflix doc "Bitconned," and his "Creating a Con" podcast co-host and friend Jonny B Good. They discuss Trapani's life growing up, the challenges he faced, his early life of crime, how he scammed pharmacies, exposing the flaws in the system, the "bold" fraud that brought in millions before anyone caught on, the logistics of crypto, the way a crypto journalist mistakenly validated Trapani's company, how much fraud exists in the crypto universe, the "fake CEO" installed as the head of Ray Trapani's crypto company who they found by googling "old white man," the way they ultimately "killed" him off, how the South Koreans resurrected the crypto con, how the company eventually imploded, how Trapani turned his life around and got married and had kids, and more. Trapani & Good- https://link.chtbl.com/CAC_kelly

Transcript

Click on a timestamp to play from that location

0:00.0	Welcome to the Megan Kelly Show, live on Serious XM channel 111 every weekday at New East.
0:07.0	Ray Trippani was always fascinated with money. Those who knew him as a child
0:16.2	knew that he would someday become a millionaire but they couldn't imagine how.
0:19.6	In the mid-2010s he was broke and hundreds of thousands of dollars in debt, but then he and a business partner set out on a mission to create a Bitcoin debit card.
0:32.0	The company they created and the technology they promoted, however, was all a lie.
0:39.2	And it did not take long for everything to come crashing down. Today we bring you the story that was the focus of the Netflix documentary,
0:46.0	BitCon with the man at the center of it all.
0:49.0	Ray Trepani is the founder and former C.
0:52.0	O. O. of Bitcoin Bitcoin company Centratech.
0:54.4	He's joined today by his high school best friend and co-host of his new
0:57.5	podcast, Creating a Khan, the story of Bitcoin.
1:02.4	Johnny be good. that's his friend.
1:05.0	Guys, welcome to the show.
1:07.0	Thanks for having us.
1:08.0	Nice to see you.
1:09.0	Okay, so I watched the Netflix documentary and Ray, I to tell you the truth you found you completely charming in so many ways and I ended the series thinking he's definitely still a criminal. Am I wrong? Yeah, you're definitely wrong in that regard.
1:25.0	I've changed a lot.
1:28.0	You have.
1:29.0	Okay, well like what did it?
1:31.0	Getting convicted because you didn't have to serve jail. I can see how actual prison time would reform a guy. But what did it?
1:38.5	So I was addicted to drugs since I was 12. So then basically once I got arrested this time is the first time being sober since for you know 15 years of drug use so that really is what changed me you know all, all these crimes I did, I always did them under the influence.
1:56.7	I really feel like, not for nothing, but we've interviewed many felons on this show and some guys did a lot of frauds over the course of their
	...

Please login to see the full transcript.

Previous episode | Next episode

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

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