Took Out a $200,000 Loan And Lost It All In A Crypto Scam

The Ramsey Show Highlights

Ramsey Network

Self-improvement, Education, Investing, Business

4.6 • 682 Ratings

🗓️ 13 July 2025

⏱️ 8 minutes

🔗️ Recording | iTunes | RSS

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Transcript

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0:00.0	Brought to you by Xander Insurance, identity theft protection isn't a luxury in today's world.
0:08.3	It's a necessity. Get yours at Xander.com.
0:11.2	So I have a question. I am in a very complicated position right now.
0:17.8	Thinking about filing chapter 13, 13 bankruptcy or take a second loan towards my house.
0:26.6	It's a long store, but I'm going to try to make a short.
0:31.6	And I apologize if I say anything in English incorrect. It's my second language. So I'm married, have kids.
0:41.3	We had the whole debt situation. I found you in 2022.
0:47.3	We got into doing the plan together by May of 2024.
0:53.3	We debt free paid off like 80k just owned the house it was
1:00.4	wonderful so my husband started talking to friends about the cryptocurrency and he started
1:10.4	invested small start start to make money. He, um, he, you know, made a big move
1:19.6	behind my back. You know, he took a big loan of $200,000. Oh my gosh. And he invested that money in crypto XRP, Trump coins, and all their stuff.
1:32.8	He told me after he did it, I panic.
1:36.3	I was in totally panic when he told me that.
1:41.6	And that was March of this year.
1:43.8	And I thought things couldn't get worse.
1:49.1	And he did.
1:51.3	He got a phone call.
1:53.7	He was expecting a phone call from the company.
1:57.6	He was making the whole Bitcoin thing.
2:01.0	The name of the company was Pyonix, P-I-O-N-E-X, P-O-N-E-X.
2:06.6	He was doing crypto towards with this company, and he had over $200,000.
	...

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