Summary of I UNCOVERED A BILLION DOLLAR FRAUD

00:00:00 - 00:35:00

The video discusses how the author uncovered evidence of a billion dollar fraud involving the founder of Safe Moon, John Caroni. The fraud involved Caroni receiving payments of tether totaling up to 15 million dollars, which were used to pay off Kyle Papa. The author also alleges that millions of dollars were flowing from Caroni's wallet to a familiar address, not the liquidity pool.

• 00:00:00 The video discusses how a fraud worth 4 billion dollars was uncovered, and how the FBI is involved. Safe Moon, a crypto coin, is discussed, and it is revealed that it was created by a man who is distrustful of the government and think they are criminals. Kyle, the creator of Safe Moon, is discussed. He is revealed to have hired unqualified people for the project, and one of these people is John Caroni, who becomes the CEO of the company. Kyle's expectations for the project were that he would be in and out, and he was surprised when it took off.
• 00:05:00 The video's narrator reveals that safe moon is a Ponzi scheme that was designed to rob its investors of their money. The safe mooners, a self-proclaimed "safe moon army," declare war on their haters. The video concludes with a discussion of the safe moon project's market cap and its apparent contradiction.
• 00:10:00 The video's narrator reveals that a billion dollar fraud has been uncovered, in which the founder of safe moon, Kyle, has been stealing money from the company since it started. The narrator also discusses the community's idolization of Kyle and their subsequent disappointment when he was revealed to be a fraud.
• 00:15:00 In this YouTube video, a whistleblower reveals that a billion-dollar fraud was carried out by the founder of a popular cryptocurrency project. The fraud involved stealing money from the project's liquidity pool, which was used to provide temporary liquidity for members who wanted to sell their cryptocurrency. The whistleblower explains that the founder justified the fraud by saying that he was not "rug pulling liquidity." Instead, he was moving funds from a version of the liquidity pool that was different from the one that was publically visible. This deception caused the price of cryptocurrency to spike. The whistleblower and other researchers estimated that the founder stole 18 different times from the pool, totaling 143 million dollars.
• 00:20:00 According to the video's presenter, John Caroni, the CEO of safe Moon, alienated the core team and attempted to pass off Phoenix, a new project, as the Visionary project he had originally promised. The team eventually replaced Caroni and realized what Phoenix was, a failed attempt to take over safe Moon.
• 00:25:00 The video discusses how the creator of Safe Moon, John Caroni, was fired due to allegations of false and misleading statements and not having the liquidity behind the currency. A class action lawsuit was filed against Safe Moon and the creators of Safe Moon.
• 00:30:00 The video discusses how John caroni, the creator of safe moon, may have been profiting illegally from the company. The video also explains how Kyle and papa may have been profiting illegally as well. The video's narrator eventually tracks down and interviews a person who claims to have knowledge of John's finances. This person reveals that John is getting payments from a bitcoin exchange, Bitmart, which may be violating safe moon's original agreement with Bitmart.
• 00:35:00 The author of the video discusses how he uncovered evidence of billion dollar fraud involving John Caroni and Kyle Papa. They allege that Caroni was receiving payments of tether totaling up to 15 million dollars, and that these payments may have been used to pay off Kyle Papa. The author also alleges that millions of dollars were flowing from Caroni's wallet to a familiar address, not the liquidity pool. This corroborates the information that the author's colleague had previously given him. The author believes that the fraud was carried out by Caroni and Papa in order to steal investor money.