Sam Lee claims he’s stopped funding withdrawals for the collapsed VidiLook Ponzi scheme.
Describing the fallout of the choice as “a shitstorm”, Lee said paying out any more cash to VidiLook victims was “throwing cash into the dunny”.
Lee’s determination completes VidiLook’s exit-scam, which started with an “acquisition” exit-scam final month.
Whereas Lee ran the unique VidiLook hiding behind others, he’s come out of the shadows to entrance VidiLook V2.
VidiLook V2 retains up the already collapsed “watch adverts” facade, however locks returns paid out for for 500 days.
A spreadsheet doing the rounds over the past couple of days represents that VidiLook investor losses at round 60 million. Supposedly VidiLook would have needed to generate round $67.1 trillion by means of advert income to pay out ROI liabilities.
In a VidiLook webinar held on Could fifteenth, Lee claims to have spent thousands and thousands funding VidiLook withdrawals because it collapsed.
It’s essential to border any claims Lee makes about cash inside the context of him hiding out in Dubai. Any cash Lee places into his new Ponzi schemes is cash stolen by means of his collapsed HyperFund and Hyperverse Ponzi schemes.
Regardless of proudly owning VidiLook from the start and pocketing the vast majority of invested funds, Lee claims he’s formally solely made “simply over half one million” in collected charges.
Presumably as a part of VidiLook V2, Lee claims he’ll nonetheless work on refunding VidiLook V2 victims by diverting charges collected by means of his new We Are All Satoshi Ponzi.
Exterior of that nonsense, Lee pledged to make entire round twenty or so prime VidiLook promoters on the webinar nonetheless loyal to him.
Lee throws the remainder of VidiLook’s “leaders” below the bus.
The world doesn’t revolve round fucking VidiLook, proper? *laughs* And it positive as hell doesn’t revolve round beta? (edit: Lee refers to VidiLook v1 as a “beta”)
The one motive I’m excited by serving to beta customers is as a result of they stated, “There’s a starting, center and finish.”
As a result of that’s what I all the time say, there’s an finish. And the top is, no extra new customers on beta.
However for those who take a look at the modifications that had been carried out … the modifications that had been carried out means, mathematically, the VidiLook beta won’t ever finish.
And the individuals who profit are the individuals who acquired in and made rank on the prime.
Lee states he isn’t frightened about retaliation as a result of he “has information on” VidiLook’s prime earners.
Nobody dare touches me on this convoluted scammy crypto area, as a result of I’ve acquired an excessive amount of information on everybody. So let’s all be good.
Regardless of being the identical Ponzi mannequin certain to inevitable collapse once more, Lee claims VidiLook V2 “has a clear construct, clear slate (and) clear group of people that imagine.”
Lee maintains that, versus Ponzi schemes inevitably collapsing as a result of math, VidiLook victims misplaced cash as a result of they “didn’t perceive”.
Lee, an Australian nationwide, continues to defraud customers from Dubai by means of his StableDao Ponzi platform.
Whole mixed investor losses between Lee’s Hyper* Ponzis and VidiLook seemingly exceed a billion.
VidiLook’s web site hasn’t been up to date because the authentic Ponzi scheme collapsed. VidiLook’s official Twitter profile was deserted on March twenty third, 2023.
VidiLook’s official YouTube channel was additionally not too long ago terminated:
Between Lee and his partner-in-crime Ryan Xu, the vast majority of funds invested into the Hyper* Ponzis and VidiLook stay unaccounted for.
