A 34 year old insurance educator from Massachusetts invested $53,000 into a dying video game store that nobody wanted. Wall Street laughed. Then it turned into $48 MILLION and he brought the entire hedge fund industry to its knees.
– Keith Gill worked a regular 9 to 5 job at MassMutual insurance in Massachusetts.
– He spent his evenings posting stock analysis videos on YouTube under the name Roaring Kitty. He had almost no viewers.
– In 2019 he invested $53,000 into GameStop.
– A struggling mall video game store that every Wall Street hedge fund was betting against.
– They were so confident it would fail they had shorted the stock meaning they had borrowed and sold shares expecting to buy them back cheaper when the price collapsed.
– Gill posted his analysis on Reddit's WallStreetBets forum.
– Argued GameStop was undervalued and the hedge funds were wrong. Most people ignored him.
– Then ordinary people started reading his posts. Retail investors with $500 and $1,000 accounts started buying GameStop shares in their thousands.
– In January 2021 GameStop stock went from $3 to $483 in three weeks. A 16,000 percent increase.
– The hedge funds that had shorted the stock were now in a catastrophic position.
– As the price rose they were being forced to buy back shares at prices they never imagined. Melvin Capital lost $6.8 BILLION in a single month.
– Robinhood and other brokers under pressure from Wall Street suddenly restricted ordinary people from buying GameStop while letting institutions sell freely. The internet exploded.
– Gill was called to testify before the United States Congress.
– He sat in front of the entire House Financial Services Committee in a headband and said: "I am not a cat. I am not a hedge fund. I like the stock."
– His $53,000 had turned into $48 MILLION at its peak.
– He quietly posted his final Reddit update in April 2021 showing a profit of nearly $20 MILLION. Then disappeared completely from the internet.
– A Hollywood film called Dumb Money was made about him in 2023 starring Paul Dano.
– He has given no interviews. Made no public appearances. Nobody knows exactly what he did with the money.
A regular guy with $53,000 and a YouTube channel no one watched turned a dying mall store into a weapon that wiped $6.8 BILLION from a hedge fund in one month.
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A failed actor from Indiana told investors he had secret deals with Netflix and HBO to distribute films across Latin America. He raised $650 MILLION. He had no deals, had no film and used the money to buy courtside NBA seats and throw parties in Hollywood while posting it all on Instagram.
– Zachary Horwitz grew up in Indiana dreaming of being a Hollywood star.
> He moved to Los Angeles and got a few minor acting roles. Nothing significant.
– In 2014 he started a company called 1inMM Capital.
– He told investors the company had exclusive deals with Netflix and HBO to license and distribute films across Latin America.
– The returns he promised were extraordinary. 35 to 40 percent annually.
– The deals were completely fabricated.
– He forged official Netflix and HBO letterhead to make them look real. Created fake email correspondence. Produced fake contracts.
– Over six years he raised $650 MILLION from hundreds of investors using nothing but forged documents and confidence.
– While the money came in he lived like a celebrity. Courtside seats at Lakers games. A $5.7 MILLION mansion in the Hollywood Hills, Private jets, Lavish parties, Designer clothes and he posted everything on Instagram.
– He used new investor money to pay returns to old investors to keep the scheme running. A classic Ponzi structure.
– When COVID hit in 2020 the entertainment industry froze. He could no longer raise enough new money to pay existing investors. Payments stopped.
– Investors contacted Netflix and HBO directly to ask about the distribution deals.
– Both companies said they had never heard of him or his company.
– He was arrested in April 2021. Pleaded guilty to wire fraud.
– Sentenced to 20 years in federal prison.
A man forged Netflix and HBO contracts, raised $650 MILLION from real investors, and spent it on courtside seats and Hollywood parties while posting it all on Instagram.
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“Welcome back, you’ve been in coma for 7 years”
“What’s the price of $ETH? 10k?, I bought it at $1,700 in 2020”
A 34 year old insurance educator from Massachusetts invested $53,000 into a dying video game store that nobody wanted. Wall Street laughed. Then it turned into $48 MILLION and he brought the entire hedge fund industry to its knees.
– Keith Gill worked a regular 9 to 5 job at MassMutual insurance in Massachusetts.
– He spent his evenings posting stock analysis videos on YouTube under the name Roaring Kitty. He had almost no viewers.
– In 2019 he invested $53,000 into GameStop.
– A struggling mall video game store that every Wall Street hedge fund was betting against.
– They were so confident it would fail they had shorted the stock meaning they had borrowed and sold shares expecting to buy them back cheaper when the price collapsed.
– Gill posted his analysis on Reddit's WallStreetBets forum.
– Argued GameStop was undervalued and the hedge funds were wrong. Most people ignored him.
– Then ordinary people started reading his posts. Retail investors with $500 and $1,000 accounts started buying GameStop shares in their thousands.
– In January 2021 GameStop stock went from $3 to $483 in three weeks. A 16,000 percent increase.
– The hedge funds that had shorted the stock were now in a catastrophic position.
– As the price rose they were being forced to buy back shares at prices they never imagined. Melvin Capital lost $6.8 BILLION in a single month.
– Robinhood and other brokers under pressure from Wall Street suddenly restricted ordinary people from buying GameStop while letting institutions sell freely. The internet exploded.
– Gill was called to testify before the United States Congress.
– He sat in front of the entire House Financial Services Committee in a headband and said: "I am not a cat. I am not a hedge fund. I like the stock."
– His $53,000 had turned into $48 MILLION at its peak.
– He quietly posted his final Reddit update in April 2021 showing a profit of nearly $20 MILLION. Then disappeared completely from the internet.
– A Hollywood film called Dumb Money was made about him in 2023 starring Paul Dano.
– He has given no interviews. Made no public appearances. Nobody knows exactly what he did with the money.
A regular guy with $53,000 and a YouTube channel no one watched turned a dying mall store into a weapon that wiped $6.8 BILLION from a hedge fund in one month.
Show more
The crypto fear and greed index has now moved to 23
The sentiment is finally changing again
We are so back
The Step Finance exploiter has started to move funds
After 5 months of dormancy, the exploiter just sold 261,933 $SOL worth $21.4 MILLION
He then bridged the funds to Ethereum and bought $12,128 $ETH.
And then deposited the $ETH into Tornado Cash to launder the funds
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Andrew Tate $DADDY is up ~80% today
Why??
Gm to those who say Gm back ☀️
A gas station owner in New Zealand applied for a $100,000 bank overdraft. The bank made a typo and gave him $7 MILLION by mistake. He spent it all in 28 days, fled to China, and triggered an international manhunt.
– Hui Gao owned a small gas station in Rotorua, New Zealand with his mother. In April 2009 he applied to Westpac Bank for a $100,000 overdraft to help run the business.
– The bank approved it. But when the employee typed in the figure they added two extra zeros by mistake.
– Gao woke up the next morning and checked his account. $7 MILLION was sitting there.
– He called his girlfriend and told her he was "f***ing rich" and had MILLIONS of dollars.
– They did not call the bank.
– In less than 28 days the couple withdrew $6.8 MILLION from the account. Transferred it to accounts in Hong Kong and China.
– Then Gao fled to Hong Kong. His girlfriend followed days later. They left behind her six year old daughter.
– New Zealand police launched an international manhunt. Interpol also got involved.
– He was eventually caught. Sentenced to four years and seven months in prison.
– His girlfriend got nine months of home detention.
– The court ordered her to pay back the money at $60 a week.
– At $60 a week it would take her approximately 2,192 years to pay it back.
A man applied for a $100,000 bank overdraft. The bank employee added two extra zeros by mistake. He spent $6.8 million in 28 days, fled to China with his girlfriend, and left her six year old daughter behind.
Show more
A man sold a website with no profits to Yahoo for $5.7 BILLION on April Fool's Day. Yahoo thought it was the deal of the century. They shut it down three years later.
– Mark Cuban grew up in Pittsburgh selling garbage bags door to door at 12 to afford basketball sneakers.
– In 1995 he started a company called The idea was simple. Let people listen to out of town sports radio on the internet. That was the whole company.
– In 1998 he took it public. On the first day of trading the stock jumped 250 percent. The company hit $1 BILLION in value. Cubans owned 30 percent of it.
– They had 570,000 users. The company had never made a single dollar of profit.
– Yahoo was in a war with AOL and Microsoft to become the dominant homepage of the internet.
– They were spending BILLIONS buying anything that looked like the future.
– On April 1 1999, April Fool's Day Yahoo bought for $5.7 BILLION. Cuban's personal share was $1.4 BILLION.
– But Cuban was nervous. The dot-com bubble was clearly out of control. So he paid $20 MILLION in fees to Wall Street banks to lock in a guaranteed price on his Yahoo shares before the market crashed.
– Six months later the bubble burst. Yahoo stock fell from $300 to $5 per share. Had he held on his $1.4 BILLION would have been worth $25 MILLION.
– He walked away with every dollar. Wall Street called it one of the top ten trades of all time.
– Yahoo shut down in 2002. Three years after paying $5.7 BILLION for it.
– In 2017 Verizon bought all of Yahoo for $4.5 BILLION. Less than what Yahoo paid for Cuban's website alone.
– Cuban used the money to buy the Dallas Mavericks NBA team and became one of the most famous investors on Shark Tank.
A website with no profits sold for $5.7 BILLION on April Fool's Day and shut down three years later.
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A gas station owner in New Zealand applied for a $100,000 bank overdraft. The bank made a typo and gave him $7 MILLION by mistake. He spent it all in 28 days, fled to China, and triggered an international manhunt.
– Hui Gao owned a small gas station in Rotorua, New Zealand with his mother. In April 2009 he applied to Westpac Bank for a $100,000 overdraft to help run the business.
– The bank approved it. But when the employee typed in the figure they added two extra zeros by mistake.
– Gao woke up the next morning and checked his account. $7 MILLION was sitting there.
– He called his girlfriend and told her he was "f***ing rich" and had MILLIONS of dollars.
– They did not call the bank.
– In less than 28 days the couple withdrew $6.8 MILLION from the account. Transferred it to accounts in Hong Kong and China.
– Then Gao fled to Hong Kong. His girlfriend followed days later. They left behind her six year old daughter.
– New Zealand police launched an international manhunt. Interpol also got involved.
– He was eventually caught. Sentenced to four years and seven months in prison.
– His girlfriend got nine months of home detention.
– The court ordered her to pay back the money at $60 a week.
– At $60 a week it would take her approximately 2,192 years to pay it back.
A man applied for a $100,000 bank overdraft. The bank employee added two extra zeros by mistake. He spent $6.8 million in 28 days, fled to China with his girlfriend, and left her six year old daughter behind.
Show more
Never forget this Warren Buffett quote 😹
A man sold a website with no profits to Yahoo for $5.7 BILLION on April Fool's Day. Yahoo thought it was the deal of the century. They shut it down three years later.
– Mark Cuban grew up in Pittsburgh selling garbage bags door to door at 12 to afford basketball sneakers.
– In 1995 he started a company called The idea was simple. Let people listen to out of town sports radio on the internet. That was the whole company.
– In 1998 he took it public. On the first day of trading the stock jumped 250 percent. The company hit $1 BILLION in value. Cubans owned 30 percent of it.
– They had 570,000 users. The company had never made a single dollar of profit.
– Yahoo was in a war with AOL and Microsoft to become the dominant homepage of the internet.
– They were spending BILLIONS buying anything that looked like the future.
– On April 1 1999, April Fool's Day Yahoo bought for $5.7 BILLION. Cuban's personal share was $1.4 BILLION.
– But Cuban was nervous. The dot-com bubble was clearly out of control. So he paid $20 MILLION in fees to Wall Street banks to lock in a guaranteed price on his Yahoo shares before the market crashed.
– Six months later the bubble burst. Yahoo stock fell from $300 to $5 per share. Had he held on his $1.4 BILLION would have been worth $25 MILLION.
– He walked away with every dollar. Wall Street called it one of the top ten trades of all time.
– Yahoo shut down in 2002. Three years after paying $5.7 BILLION for it.
– In 2017 Verizon bought all of Yahoo for $4.5 BILLION. Less than what Yahoo paid for Cuban's website alone.
– Cuban used the money to buy the Dallas Mavericks NBA team and became one of the most famous investors on Shark Tank.
A website with no profits sold for $5.7 BILLION on April Fool's Day and shut down three years later.
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Ansem wallet is up over $200M
He's holding about 58% of the $ANSEM total supply
With about 106k holders, if he decided to airdrop every single one $1,000 worth of $ANSEM
He'd still be up over $50M
Bro can do the craziest thing right now
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The giveaway is still ongoing
Make sure you complete all the tasks to stand a chance 🤝
Running another 100 giveaway ( 4 winners )
Make sure you:
‣ Follow
@aisarcore and have notifications on
‣ Join:
‣ Like, comment & RT
‣ Tag 2 friends
Will be picking winners in the next 48 hours
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Ansem wallet is up over $200M
He's holding about 58% of the $ANSEM total supply
With about 106k holders, if he decided to airdrop every single one $1,000 worth of $ANSEM
He'd still be up over $50M
Bro can do the craziest thing right now
Show more
ethereum:native PRICE ON 4TH OF JULY
2016: $11.88
2017: $203.87
2018: $433.87
2019: $218.44
2020: $345.94
2021: $2,539
2022: $1,680
2023: $1,855
2024: $3,233
2025: $3,697
2026: $1,759
Happy 250th America 🤝
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Why is hamster kombat $HMSTR up ~84% today??
Is it TON season again 👀
Running another 100 giveaway ( 4 winners )
Make sure you:
‣ Follow
@aisarcore and have notifications on
‣ Join:
‣ Like, comment & RT
‣ Tag 2 friends
Will be picking winners in the next 48 hours
Show more