Dan Bilzerian Is a FRAUD

NX_NULL said:
He didnt invest his own monies, He invested the investors monies in promotion of a brand by a lavish lifestyle.
Investors get millions of debt but he become more famous with 32 Million followers to his personal IG account.
Investors can liquidate all remaining company assets but the most valuable one is "Dan Bilzerian" which they can not sell :D
He can still make another 10M from his followers on next year

The guy is actually very smart scammer.
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He is a scammer, yes, is he smart? No, not really.

You can scam investors once, but that is an end game for you. Why would you do it anyway? When they make money, you make money. When they lose money, you don't gey anything. That is how investments work. Just because he used some of that money for his personal needs is not worth it in the long run.
 
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I was following this guy from my business account (over 500k followers) and one day people started messaging me (You follow Dan Bilzerian omg unfollow) when I unfollowed him I started getting 200 unfollows a day instead of 600 LOL.
 
This guy is all fake.
But it is impressive to see how this guy gets so much fame in our modern Instagram world.
Basically, he spent all daddy's hidden money pretending he earnt it with poker.
I've been in the poker scene for years a decade ago.
All decent poker players know he's a fraud and not a great player. He would be absolutly destoyed in high stakes tables by professional players. And it is almost impossible to make such a fortune only by playing poker.
What amazes me is how investors (which should be more more intelligent than the average guy) trusted this guy and lent him millions so he could spend more money on parties to show on the internet under marketing expenses for his brand. He burnt everything in 2 years. That is impressive.
At least he got a few good years spending daddy's money, then investors' money, investing in escorts, attracting Instagram golddiggers and having many wannabe alpha guys who wanted to be him.
The come back to real life will be tough though.
 
who cares where his money came from..he still living better than every person on this forum.... prove me wrong.
 
neverlackin360 said:
who cares where his money came from..he still living better than every person on this forum.... prove me wrong.
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I think you may have missed the point... of course I'd love to be on a yacht right now with bikini-clad women (which he is, according to his recent Instagram stories).

t's just interesting how he's being sued by the former CEO of his company and the court documents are revealing that he's been fake-flexing on the gram.
 
neverlackin360 said:
who cares where his money came from..he still living better than every person on this forum.... prove me wrong.
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Well the problem is he will be banrkupted an sued pretty soon. This guy has basically no skill except lying and burning millions every month. He is the Hugh Hufner 2.0 version without the intelligence of a great businessman. Or if you prefer he's the male version of Paris Hilton (who has at least created a few successful businesses after her sextape and living on daddy's money too)
So basically he is trading 10 years of maximum fun in life (thanks to daddy funds) with a miserable end of existence because of very poor intelligence. Just look at all those NBA rich stars who got completly bankrupted after retiring. Let's see in 5-10 years how the guy ends up but I bet it will be pretty awful.
 
All those Youtubers and Instagram people do lots of creative accounting.

They're making millions & underwriting the costs of personal expenses to these companies. There's going to be a point in the next 5 years where banks go after them on all the personal debt they're pushing to companies, so that they can declare bankruptcy and walk away.
 
From what I read, he got his companies that he owns 90% of to pay his expenses to save on dividend taxes? The lawsuit made this fact public and struggling youtubers picked up on that and are click baiting with it, trying to tell the world that he is fake so they can get more views and subscribers? He doesn't have a single brand promo on his instagram. If he had gone that way he would definitely have made millions. He is just in rough waters and he will be out of it soon. People should probably aspire to have his life and not be jealous.
 
That was never a question. It's logical that he is a fraud
 
Paranoid Android said:
From what I read, he got his companies that he owns 90% of to pay his expenses to save on dividend taxes? The lawsuit made this fact public and struggling youtubers picked up on that and are click baiting with it, trying to tell the world that he is fake so they can get more views and subscribers? He doesn't have a single brand promo on his instagram. If he had gone that way he would definitely have made millions. He is just in rough waters and he will be out of it soon. People should probably aspire to have his life and not be jealous.
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This guy is burning money not making any. His company's sales are ridiculously low. Anyone can do that.
If you look at his Instagram he is pushing his brand Ignite. You'll see many ladies with his brand logo on their bikinis. But who has bought an Ignite product because of his Instagram?
 
Just watched the first video and all I can say is that this YouTube guy obviously has never build a company from scratch.

It is totally normal to have a negative balance in your first years. Some companies even do this on purpose and just buy a lot of crap to write it off just so they don't have to pay taxes. Often times businesses use a negative balance to avoid paying taxes on their other profitable businesses.

No matter if you like Dan Bilzerian or not, this video is crap and you know it.
 
Priince1337 said:
Just watched the first video and all I can say is that this YouTube guy obviously has never build a company from scratch.

It is totally normal to have a negative balance in your first years. Some companies even do this on purpose and just buy a lot of crap to write it off just so they don't have to pay taxes. Often times businesses use a negative balance to avoid paying taxes on their other profitable businesses.

No matter if you like Dan Bilzerian or not, this video is crap and you know it.
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The guy making the video is actually pretty awesome.. calls out loads of dickheads like Grant Cardone who's also 100% full of shit but made himself seem like a professional until his company collapsed and is going bankrupt.

Social media influencer gurus are all about image instead of substance.. that's why so many rent luxury cars and houses.. and why they seem like they're worth listening to (and paying for the privilege).

They're actually just predominantly leeches.. like televangelists for budding entrepreneurs instead of christians, and should be shown the same levels of distain.

It's normal to have a negative balance for some mega-unicorns, not most startups, and $40M negative with $22M spent on marketing to get $10M is so financially negligent he should easily be able to be sued by any investor of his company.

You can't buy loads of bullshit that doesn't contribute to generating revenue with other people's money and then say that being negative by $40M is normal.
 
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