4.8 • 2.8K Ratings
🗓️ 28 April 2021
⏱️ 45 minutes
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Louis Jay Pearlman (June 19, 1954 – August 19, 2016) was an American record producer. He was the creator of successful 1990s boy bands such as Backstreet Boys and NSYNC. In 2006, he was accused of running one of the largest and longest-running Ponzi schemes in US history, leaving more than $300 million in debts. After being apprehended, he pled guilty to conspiracy, money laundering, and making false statements during a bankruptcy proceeding. In 2008, Pearlman was convicted and sentenced to 25 years in prison.[3][4] He died in federal custody in 2016.
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0:00.0 | And so I said what if you were allowed to watch and how do you take that worse? |
0:06.7 | Can you believe that I can't yeah, yeah, I can |
0:09.6 | Okay, well then I don't understand |
0:12.2 | Holy crap you like what did you do? No, no, this isn't me. This this is too organized for my shenanigans |
0:20.2 | Hey fellas, hey, no, no, it was me. Let me get these. Let me turn these off |
0:24.3 | Keith, what are you doing here? What's what's with all the sound stuff? Oh, I sold it for computer |
0:30.9 | It's not he what not for computers Tom for woods coin woods coin. Yeah, what's woods coin that doesn't count for the score |
0:40.2 | It's a bit coin that we made with the face of James woods on it |
0:45.0 | But why well we're thinking about this week's essay and we realized what's a better scam than Bitcoin |
0:51.8 | Bitcoin's not a scam. It's just like |
0:55.0 | Money made of math problems, right? Right, right? |
0:58.6 | But there's a bunch of smaller coins that work on the same system and since they're all traded anonymously and without regulation |
1:03.8 | They're perfect for a pump and dump scheme. Okay. Yeah, so we made woods coin |
1:09.3 | We tell people who listen to our podcast to buy it while it's low and then once it goes up |
1:14.3 | We tell everyone to dump it. Okay. Yeah, but for that to work we need other people to buy it we |
1:20.6 | We can just sell and buy bitcoins to our listeners. Okay, but that's where James woods comes in exactly |
1:27.6 | See woods is a Trump supporting big it asshole |
1:30.6 | So when the price of the coin goes up Nazis and memeers will buy it as a joke or they'll buy it because they're Nazis and memeers and they're stupid |
1:39.2 | Yeah, right exactly, but it doesn't matter at that point |
1:42.6 | So so we tell our podcast listeners to buy the ironically problematic coin |
1:47.9 | Mm-hmm assholes notice and drive the price off exactly and then we and our listeners dump it and we leave the assholes |
1:57.4 | Holding the building the bag exactly. Yeah, you got it. I mean that has to be illegal though, right? |
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