Where startup founders raise millions and listeners can invest. Host Josh Muccio takes listeners behind closed-doors and into the room where deals are made. Part of the Vox Media Podcast Network.
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Content provided by Mike Jackness, Dave Bryant | eCommerce, and Amazon FBA Experts. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by Mike Jackness, Dave Bryant | eCommerce, and Amazon FBA Experts or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://player.fm/legal.
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E617: Tai Lopez Charged With Running Ecom Ponzi Scheme
Manage episode 509075608 series 1530980
Content provided by Mike Jackness, Dave Bryant | eCommerce, and Amazon FBA Experts. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by Mike Jackness, Dave Bryant | eCommerce, and Amazon FBA Experts or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://podcastplayer.com/legal.
Dave discusses the recent SEC allegations against Tai Lopez, who is accused of running a Ponzi scheme through his acquisition of legacy retail brands. He dives into the details of the accusations, the flaws in Lopez's business model, and comparisons to other entrepreneurs like Alex Hormozi. What happens to Tai Lopez now? Will he go to jail?
Today's episode is sponsored by Sellerboard.
Sellerboard helps users track sales, refunds and fees in real time, and even counts your indirect expenses in final profit. Beyond analytics, Sellerboard also streamlines operations with smart portfolios for PPC, inventory forecasting & management and more! Try Sellerboard free for 2 months — no credit card required. Just go to sellerboard.com/ecomcrew and get clarity on your margins today.
Tai Lopez is one of the biggest "entrepreneur turned influencers" in the industry, with 2.5 million subscribers on Youtube, 3 million on Instagram, and 1.1 million on Tiktok.
The SEC has come forward with allegations against Tai Lopez and his business partner, Alex Mehr, for running a $112 Million Ponzi Scheme and defrauding their investors.
A Ponzi Scheme, by definition, is a "form of fraud that lures investors and pays profits to earlier investors with funds from more recent investors."
That means that Tai Lopez and Alex Mehr are allegedly misallocating funds to provide an illusion of great profit margins, leading to more investors buying in on their alleged "success" when they were just using that money to pay their first few investors.
Timestamps
- 00:00 - Introduction to Tai Lopez's Controversy
- 03:01 - Allegations of a Ponzi Scheme
- 05:47 - Business Model Flaws and Comparisons
- 08:56 - Public Perception and Future Implications
As always, if you have any questions or anything that you need help with, leave a comment down below if you're interested.
Don't forget to leave us a review on iTunes if you enjoy our content.
Thanks for listening!
Until next time, happy selling!
896 episodes
Share
Manage episode 509075608 series 1530980
Content provided by Mike Jackness, Dave Bryant | eCommerce, and Amazon FBA Experts. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by Mike Jackness, Dave Bryant | eCommerce, and Amazon FBA Experts or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://podcastplayer.com/legal.
Dave discusses the recent SEC allegations against Tai Lopez, who is accused of running a Ponzi scheme through his acquisition of legacy retail brands. He dives into the details of the accusations, the flaws in Lopez's business model, and comparisons to other entrepreneurs like Alex Hormozi. What happens to Tai Lopez now? Will he go to jail?
Today's episode is sponsored by Sellerboard.
Sellerboard helps users track sales, refunds and fees in real time, and even counts your indirect expenses in final profit. Beyond analytics, Sellerboard also streamlines operations with smart portfolios for PPC, inventory forecasting & management and more! Try Sellerboard free for 2 months — no credit card required. Just go to sellerboard.com/ecomcrew and get clarity on your margins today.
Tai Lopez is one of the biggest "entrepreneur turned influencers" in the industry, with 2.5 million subscribers on Youtube, 3 million on Instagram, and 1.1 million on Tiktok.
The SEC has come forward with allegations against Tai Lopez and his business partner, Alex Mehr, for running a $112 Million Ponzi Scheme and defrauding their investors.
A Ponzi Scheme, by definition, is a "form of fraud that lures investors and pays profits to earlier investors with funds from more recent investors."
That means that Tai Lopez and Alex Mehr are allegedly misallocating funds to provide an illusion of great profit margins, leading to more investors buying in on their alleged "success" when they were just using that money to pay their first few investors.
Timestamps
- 00:00 - Introduction to Tai Lopez's Controversy
- 03:01 - Allegations of a Ponzi Scheme
- 05:47 - Business Model Flaws and Comparisons
- 08:56 - Public Perception and Future Implications
As always, if you have any questions or anything that you need help with, leave a comment down below if you're interested.
Don't forget to leave us a review on iTunes if you enjoy our content.
Thanks for listening!
Until next time, happy selling!
896 episodes
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Similar to The Ecomcrew Ecommerce Podcast
Where startup founders raise millions and listeners can invest. Host Josh Muccio takes listeners behind closed-doors and into the room where deals are made. Part of the Vox Media Podcast Network.
…
continue reading
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1
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…
continue reading
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Best Business Podcast (Gold), British Podcast Awards 2023 How do you build a fully electric motorcycle with no compromises on performance? How can we truly experience what the virtual world feels like? What does it take to design the first commercially available flying car? And how do you build a lightsaber? These are some of the questions this podcast answers as we share the moments where digital transforms physical, and meet the brilliant minds behind some of the most innovative products a ...
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The Brutal Truth about Sales and Selling - We interview the world's best B2B Enterprise salespeople.
Brian Burns
9k286
No BS Allowed - Are you sick of empty suits telling you to work harder? - Learn about The Maverick Selling Method, which models the world's best salespeople and what they do differently. If you are in sales and are passionate about selling, you will like this podcast. The focus is on b2b sales and selling. If you are selling or in sales, this podcast is for you. I cover cold calling, spin selling, challenger sale, solution selling, and advanced selling skills. Strategic selling, LinkedIn, sa ...
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continue reading
Kipp Bodnar (HubSpot’s CMO) and Kieran Flanagan (Hubspot's SVP of Marketing), lead you down the rabbit hole of marketing trends, growth tactics and innovation. On the way you’ll pick up undiscovered strategies to give you that slight edge for success. These are not your typical twitter thread regurgitated marketing tactics that everyone is doing. These are new methods, with unfiltered examination of successful fresh ideas.
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continue reading
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continue reading
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