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The Passionate Few

The $300 Million Deal: How a 24-Year-Old Ex-Arms Dealer Inspired "War Dogs"

The Passionate Few

OMAR ELATTAR

Education, Entrepreneurship, Self-improvement, Business

4.9602 Ratings

🗓️ 9 January 2025

⏱️ 155 minutes

🧾️ Download transcript

Summary

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Transcript

Click on a timestamp to play from that location

0:00.0

What's it like the day you get a call saying at 24 years old, you just want a $300 million government contract? No fucking way. If you're willing to grind, you can make a lot of money in this business, but it's not easy money. What was it like that you found out a movie was going to be made of money? Oh, that was crazy. David Packout, the man who inspired the movie War Dogs, went from being described by Rolling Stone as the stoner arms

0:21.9

dealers to convicted felons who defrauded the U.S. government.

0:26.9

Government contracting is the business of selling to the government.

0:30.6

Once you learn the system, it's just a never-ending sea of opportunity.

0:34.5

How does the big contract come about?

0:36.2

I bumped into my old friend

0:37.7

Efferman. He shows me his Bank of America account and he had 1.8 million sitting in his account

0:42.6

at 18 years old. So he started teaching me the whole system. So they put out the solicitation for a

0:49.7

massive contract. Everything from like pistol ammo, machine gun, one million grenades.

0:55.0

Yeah, it was a submission deadline. He sees the postal officer about to lock the door.

1:00.0

He like pushes the guy out of the way. And he's like, I'm sorry, this is a matter of national security.

1:05.0

We have to get this out today.

1:07.0

Oh, f***. We're, we're f***.

1:09.0

Our contract specifically said no Chinese ammunition go off.

1:12.6

We didn't know that the ammunition in Albania was Chinese.

1:15.6

Holy shit.

1:16.6

Yeah.

1:17.6

Aircraft load, we submitted the certificate of conformance.

1:20.6

And one of the things on this document was place of origin.

1:24.6

And we put Albania and they said what you knew it was actually China

1:29.3

so each submission of this document is an act of fraud 71 acts of fraud so you're

1:37.3

looking at 355 years in prison unless unless Hey guys, welcome to this episode of The Passionate View Podcast.

...

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