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Betrayal Weekly

Introducing: Creating a Con: The Story of Bitconned

Betrayal Weekly

iHeartPodcasts | Glass Podcasts

True Crime, Relationships, Society & Culture

4.2 • 8.4K Ratings

🗓️ 3 April 2024

⏱️ 5 minutes

🧾️ Download transcript

Summary

We are excited to let you know that ALL episodes of Creating a Con: The Story of Bitconned are available and 100% Ad Free exclusively with an iHeart True Crime+ subscription on Apple Podcasts, so you can binge the entire season! Go to Apple Podcasts and search for iHeart True Crime+ and subscribe today! " Episodes will be premiering free to listeners starting Wednesday, April 3rd, on the iHeartRadio App, Apple Podcasts, or wherever you get your podcasts. Creating a Con is a true crime anthology podcast that goes inside the minds of the most prolific modern-day con artist. Their schemes may be new, but their tactics are tried and true. In Season One, you’ll meet Ray Trapani – a 26-year-old whose schemes targeted pharmacies and a payment app before he created his biggest con yet: a tech startup endorsed by DJ Khaled and Floyd Mayweather that was built on empty promises, fake executives, and millions of dollars from unsuspecting investors.

Listen here and subscribe to Creating a Con: The Story of Bitconned on the iHeartRadio app or wherever you get your podcasts!

See omnystudio.com/listener for privacy information.

Transcript

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0:00.0

In the summer of 2017, my best friend founded one of the hottest startups in the world.

0:06.3

I went from working construction hating my life.

0:08.8

To just making nine grand, ten grand, twelve grand grand, just living like a maniac.

0:14.1

His company instantly became a massive success.

0:17.7

He was the poster child of an emerging market.

0:20.5

Even the New York Times profiles of his company.

0:23.0

But here's the thing about my best friend Ray.

0:25.0

I always wanted to be a criminal.

0:28.0

If someone's like, oh, what's your best way of making money?

0:30.0

I might go, we should start some sort of scheme.

0:33.4

Ray had this crazy ability to find a loophole and turn it into millions.

0:38.1

He's like, this market's so untapped. We should definitely jump on this.

0:42.4

Anytime I see flaws in something like this, I have

0:46.1

to export I cannot help myself. My best friend found himself at the helm of a cutting edge

0:51.1

technology company. His business, Centratech, was going to the what this company could be.

1:03.2

They collected $30 million.

1:05.7

There were headlines about it.

1:07.3

Even some of the biggest celebrities jumped on board.

1:10.0

You really got DJ Callit and Floyd Manning Mayweather to endorse Centrata?

1:15.3

Wow. When something sounds too good to be true, chances are it is.

1:23.4

As just a regular person sitting on the outside,

1:25.9

it's hard to tell what's fact and fiction.

...

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