Chapter
The Krasenstein Brothers and the TalkGold Scandal
04:13 - 09:53 (05:40)
The Krasenstein Brothers were involved in a large constellation of websites, including talkgold.com, which allegedly directed readers to thousands of fraudulent investments in exchange for kickbacks. They recently agreed to forfeit half a million dollars and seize property to the DOJ due to their involvement in wire fraud.
Clips
The Krasenstein brothers, founders of TalkGold and Money Maker Group, claimed they didn't run any of the scams on their websites and defended their actions as moderators of high-yield investment program threads.
04:13 - 05:55 (01:42)
Summary
The Krasenstein brothers, founders of TalkGold and Money Maker Group, claimed they didn't run any of the scams on their websites and defended their actions as moderators of high-yield investment program threads. The SEC takes a milder tone towards these programs, labeling them as unregistered and often run by unlicensed individuals who may be frauds.
ChapterThe Krasenstein Brothers and the TalkGold Scandal
EpisodeJacob Wohl And The Krassensteins: A Tale of Several Grifters
PodcastBehind the Bastards
The Krasensteins, best known for their prolific presence on Twitter, made their fortune by pumping stocks that later turned out to be fraudulent.
05:55 - 07:07 (01:11)
Summary
The Krasensteins, best known for their prolific presence on Twitter, made their fortune by pumping stocks that later turned out to be fraudulent. They then moved on to promoting cryptocurrency and became early investors in Bitcoin, profiting from the subsequent surge in its value.
ChapterThe Krasenstein Brothers and the TalkGold Scandal
EpisodeJacob Wohl And The Krassensteins: A Tale of Several Grifters
PodcastBehind the Bastards
The Krasenstein brothers agreed to forfeit half a million dollars and seized property to the DOJ after allegations of running scams on multiple websites.
07:07 - 09:53 (02:46)
Summary
The Krasenstein brothers agreed to forfeit half a million dollars and seized property to the DOJ after allegations of running scams on multiple websites. Civil asset forfeiture is a controversial topic in America, as it is often used to target non-white individuals.