I Destroyed a $500,000,000 Ponzi Scheme

Introduction

The speaker apologizes for the messy finale of the video and introduces the topic of Savant, who is revealed to be the man behind Traders Domain.

Savant's Identity Revealed

• The speaker overheard a conversation about B booking and asked Dave about it. Dave admitted that they switch people from A book to B book if they are going to lose money.

• According to documents, roughly 450 million went into Traders Domain.

• The speaker receives a call from Ted.

Conversation with Ted

• Ted confirms he has been on the case for months and is prepared for the conversation.

• Ted warns that there is no merit in their conversation due to his situation.

• The speaker questions how Ted can claim not to own Traders Domain anymore when he signed an acknowledgment letter admitting he was the ultimate beneficial owner.

Beneficial Ownership

• The speaker explains how beneficial ownership works using the example of Panama Papers.

• Founding documents of Traders Domain show that Ted and David Negus got half of company shares but later appointed a new director named Arthy Kaniger. After Kaniger's appointment, Ted resigned as director but remained as ultimate beneficial owner.

• Kaniger is just a fall guy while Ted still controls Traders Domain.

Acknowledgment Letter

• The speaker confronts Ted about his signature on an acknowledgment letter dated January 17, 2020, where he acknowledges all legal actions which may be taken by the company's director which he did sign over.

Overall, this transcript reveals the identity of Savant as the man behind Traders Domain and how he used beneficial ownership to control the company. The conversation with Ted sheds light on his involvement in Traders Domain and his attempt to distance himself from it.

Ted's Signature and Expired Documents

In this section, Ted is questioned about the validity of a document that doesn't have a seal. The conversation then shifts to expired documents being passed around and why someone would fake Ted's signature.

Validity of Document

• The document in question doesn't have a seal, making it invalid according to Ted.

• However, the other person questions why someone would fake Ted's signature on the document if it wasn't valid.

Expired Documents

• There are documents of Ted's that have been expired and passed around.

• This has happened before, as evidenced by an investigation by the Ontario Securities Commission in 2019.

Investigation into Traders Domain

• Traders Domain was investigated for soliciting Canadian investors in 2019.

• Ted lied his way out of it and even had emails to prove it.

• Ontario investigated them again in 2021 but caught them this time.

Traders Domain Soliciting Canadian Investors

In this section, the conversation revolves around how Traders Domain solicited Canadian investors despite being investigated for it.

Recruiting Canadians

• People from Canada were recruited directly after the investigation in 2019.

• When asked how to open an account, they were told to use "crypto" as the country code.

Second Investigation

• Ontario decided to investigate Traders Domain again in 2021.

• Despite evidence against him, Ted lied again.

Evidence Against Ted

In this section, evidence against Ted is discussed including a video where he admits owning Trader's domain after he wasn't supposed to and a signed document stating he is the ultimate beneficiary owner.

Video Evidence

• A video of Ted admitting to owning Trader's domain after he wasn't supposed to exists.

• This is in addition to a signed document stating he is the ultimate beneficiary owner.

Selling Trader's Domain

• Ted claims he sold Traders Domain for $40,000.

• However, it is questioned why he would sell a company with millions of dollars in deposits and was successful for such a low price.

Ted's Views on Society

In this section, Ted expresses his views on society and how people like the other person are contributing to its downfall through social media.

Views on Society

• Ted doesn't agree with society and thinks people are delusional about what it's doing.

• He believes that people like the other person are contributing to the downfall of society through social media.

Monetizing Social Media

• The other person is accused of monetizing social media through generating revenue based on gossip and information.

• Ted believes this is a gigantic Ponzi scheme where people are suffering.

Overall, the conversation revolves around questioning the validity of documents related to Traders Domain and investigating their practices. Evidence against Ted is discussed including video evidence and signed documents. Additionally, Ted expresses his views on society and accuses the other person of contributing to its downfall through social media.

Investigating Clients' Free Will

In this section, the speaker questions Ted about his responsibility towards clients who were misled and lied to. The speaker expresses anger at Ted's lack of empathy towards the victims.

Lack of Accountability

• The speaker accuses Ted of pushing a narrative that absolves him of any accountability for the damage caused to clients.

• The speaker describes Ted's behavior as sociopathic and lacking in empathy towards the victims.

Disregard for Family Values

• The speaker questions Ted's disregard for family values when he takes money from clients who are trying to support their families.

• The speaker is surprised by Ted's lack of concern for the families affected by his actions.

Responsibility for Running Pam System

In this section, the speaker questions Ted about his involvement in running the Pam system and highlights inconsistencies in his statements.

Memory Lapses

• The speaker asks Ted if he ran the Pam system, but he claims not to remember.

• The speaker points out that victims have evidence of Ted claiming to run the Pam system on Telegram chats.

Lack of Culpability

• Despite evidence against him, Ted denies any culpability for running the Pam system.

• When asked about Algo Capital misleading its clients about running an algorithm bot, Ted refuses to judge them and claims not to know what they do.

Conclusion

In this section, the conversation comes to an end with both parties wishing each other luck with their respective endeavors.

End of Conversation

• The speaker concludes the conversation, thanking Ted for his time and wishing him luck with his monetization scheme.

Investigating Fake Trades

In this section, the speaker discusses the need for solid evidence to prove fake trades and introduces the idea of absolute proof. The speaker also mentions that they have been going through a lot of files and discovered something important.

Evidence Needed for Fake Trades

• The case rests on whether Trader's domain was making real trades or not.

• Solid evidence is needed to prove fake trades.

• Invoices and eyewitnesses are good but not enough.

• Absolute proof is necessary.

Going Through Files

• The speaker has been going through lots of files related to the case.

• People keep sending them stuff because many people hate Ted.

• They have been sleep-deprived for several days due to this investigation.

Leaked Messages Reveal Fake Trades

In this section, the speaker talks about how they found leaked support chats between beta broker and Traders domain. These messages reveal that beta broker was helping Traders domain fake their trades.

Beta Broker's Role in Fake Trades

• Beta broker was used by Traders domain on the back end to make their trades.

• Leaked messages from beta broker help desk show that beta broker was helping Traders domain fake their trades.

• Screenshots between beta broker and Traders domain show what they were asking for help with.

Removing Losing Trades

• Traders domain asked beta broker to remove losses they took in the past on trades so nobody sees that they're there.

• Beta broker knew that the whole point of this is to fake a positive trading history and corrected David when he got confused about which date it happened on.

• This shows in black and white how Traders domain faked this whole thing; they would do these trades but would remove the losing ones and keep the winning ones to create a winning record that looked real in real-time.

Legal Disclaimer

• The speaker is not sure if this is a rogue employee at beta broker doing this or if it's systemic.

• Traders domain couldn't have done this by themselves; they show themselves to be incredibly incompetent, and beta broker was a huge part of their infrastructure to commit the crimes that they did.

Validation of Authenticity

The speaker validates the authenticity of the support chats by comparing them with what people were publicly reporting. They found a Reddit post showing two pictures of their trading account changing once when Ted had lost on a trade and then later that day when those same trades suddenly changed.

Comparison with Public Reports

• The speaker compared requests for order removals with what people were publicly reporting.

• A Reddit post showed two pictures of their trading account changing once when Ted had lost on a trade and then later that day when those same trades suddenly changed.

Support Ticket

• The speaker found a support ticket from Trader's domain for January 20th, which requested to adjust all orders to close price of 1932.41 at 0927 GMT for both master account and all investor accounts.

• David confirmed the request, and all orders have been adjusted accordingly.

Smoking Gun

• The screenshots provided undeniable proof of fraudulent fake trading straight from behind the scenes of Traders domain's own software provider.

• Using leaked emails from Trader's domain, the speaker reconstructed how this Ponzi scheme worked.

Reconstruction of Ponzi Scheme

The speaker used leaked emails to reconstruct how this Ponzi scheme worked. They picked a day near the height of the Ponzi scheme (September 20th, 2022), pulled all the emails using a python script, extracted relevant information such as account balance, names, and account numbers to create a spreadsheet to map out everything.

Leaked Emails

• The speaker used leaked emails from Trader's domain to reconstruct how this Ponzi scheme worked.

• Using a python script, the speaker pulled all the emails and extracted relevant information such as account balance, names, and account numbers.

Amount Owed

• The amount owed in this whole thing was 3.3 billion dollars.

• About 500 million dollars of real money went into the scheme.

Who Money Was Owed To

• Tin Tran was at the top of the list with nearly a billion dollars.

• Ted Safranco had 370 million dollars on September 20th, 2022.

• Holton Bugs had 125 million dollars.

• Algo Capital had 96 million dollars.

• Mike Sims had 84 million dollars.

Omega Pro Scam Exposed

In this section, the speaker discusses how Mike Sims took money from a Ponzi scheme and funneled it into another Ponzi scheme called Trader's Domain. Jordan Belfort was one of the promoters of Omega Pro, which turned out to be a get-rich-quick scam.

The Omega Pro Scam

• Mike Sims took money from a Ponzi scheme supposedly to trade but instead funneled it into another Ponzi scheme called Trader's Domain.

• Jordan Belfort was one of the promoters of Omega Pro, which turned out to be a get-rich-quick scam.

• Omega Pro collapsed along with Trader's Domain, leaving investors poor quickly.

• A list of the top 500 players in Trader's Domain is provided for those who were scammed and want to help with the investigation.

Traders Domain Holders

In this section, the speaker goes through some of the top traders in Traders Domain and their involvement in the scam.

Top Traders in Traders Domain

• Disruptive Tech had 59 million dollars invested in Traders Domain. Gilbert Pardala is associated with Disruptive Tech and has been detained for a different scam called Dag Coin.

• Stormy Wellington had 26 million dollars invested in Traders Domain. She posted a video claiming she bought a million-dollar yacht cash nine months ago.

• Many people who made millions of dollars in Traders Domain did so by taking money from victims they brought into the scam.

Investigation and Conclusion

In this section, the speaker discusses the investigation and what's next for those involved in the scam.

Investigation and Conclusion

• The investigation was complicated but successful with support from patrons.

• Michael Sims and Tin Tran had their assets frozen by the CFTC.

• Sponsors claim to be innocent victims, but their explanations are not convincing.

• Ted Safranco has taken to social media to threaten the speaker and his family.

The Scope of the Fraud

In this section, the speaker argues that the fraud is much larger than the 145 million dollar Ponzi scheme currently being investigated by the CFTC. They believe that only a fraction of those involved and the dollar amount has been uncovered.

The Size of the Fraud

• The fraud is much larger than the 145 million dollar Ponzi scheme currently being investigated by the CFTC.

• Only a fraction of those involved and the dollar amount has been uncovered.

• Crypto transactions prove that more people are involved in this fraud.

Crimes Being Charged

In this section, the speaker discusses how Ted Safranco is only being charged with submitting falsified bank documents, which they believe is not enough given his involvement in other aspects of Trader's Domain.

Charges Against Ted Safranco

• Ted Safranco is only being charged with submitting falsified bank documents.

• This charge alone does not reflect his full involvement in Trader's Domain.

Others Involved in Trader's Domain

• David Negus, co-founder of Trader's Domain, also played a significant role but isn't being charged at all.

• Algo Capital told people that they were handing money over to traders' domain as part of an algorithmic trading bot but haven't been charged either.

• Holton Buggs who owns exotic cars and yachts hasn't been charged either despite taking advantage of the Ponzi scheme.

The Impact on Victims

In this section, the speaker discusses how regular people were affected by Trader's Domain and why it is important to hold those responsible accountable.

The Impact on Regular People

• Regular people invested their livelihood, mortgages, college savings, and some of them had no idea they were invested in Trader's Domain.

• This video series is for those people who lost money in this fraud. They deserve justice because YouTube investigations are not enough.

Importance of Holding Those Responsible Accountable

• If Ted and his cronies get off easy, they'll likely do the same thing all over again only they'll probably get better at hiding the scam.

• It is important to hold those responsible accountable so that a repeat of the same mistake doesn't happen again.

Conclusion

In this section, the speaker concludes their discussion about Trader's Domain and expresses hope that justice will be served for the victims.

Final Thoughts

• The speaker hopes that Ted and his goons don't get away with this because at the end of the day that's who matters here right -the victims.

• Justice needs to be served fully for those involved in Trader's Domain who took advantage of regular people trying to make a better life for themselves.

• For now, our story ends here.

Apology and Banter

In this section, the speaker apologizes for their previous behavior and engages in banter with a friend.

Apology

• The speaker apologizes for their previous behavior regarding the stochastic parrot.

Banter

• The speaker engages in banter with a friend about their social life and drinking.

Signing Off

In this section, the host and sidekick are signing off for the week.

Dr. Maxwell

• The sidekick is impossible, so the host decides to go by Dr. Maxwell.

• The dynamic duo will be back next week indefinitely.

• Click here to see more videos.

Final Thoughts

• The sidekick thing is happening, and the host loves every one of the audience members.

• As we zoom out and fade into black, "Nothing Left to Say Say Say."