He got lucky off crypto. He discussed on a podcast how he invested in Etherium while it was low and make a killing off of it. I think he invested in Bitcoin as well. I remember him telling people to buy in when it was around $6k as it will go up. Obviously he had scam businesses, but he also had his “peptide and supplement” business which is basically a get rich quick scheme as profit margins are like 10,000% on that garbage unfortunately. He didn’t have money until his 40s though. He went into all this on one of the podcasts he was in (the one where he said he came when a cop tackled him). A lot of the stuff he says sounds like bullshit, but his crypto shit sounds legit.
Yeah it is a convenient excuse, but now IRS has their grubby ass hands in it and the major trading platforms will report income gains from it, so it’s harder to lie about it now unfortunately.
Probably not. IRS never even was interested until Bitcoin hit over $10k. They’re always years behind new trends and once they realize they can shake down NEETs like Lou for some shekels they’re all over it. Can’t have some internet loser making millions without mafia style shakedown. “It’d be a shame to go to prison over this virtual currency now wouldn’t it? Just pay us 35% and we’ll call it even.” Unfortunately.
He got lucky off crypto. He discussed on a podcast how he invested in Etherium while it was low and make a killing off of it. I think he invested in Bitcoin as well. I remember him telling people to buy in when it was around $6k as it will go up. Obviously he had scam businesses, but he also had his “peptide and supplement” business which is basically a get rich quick scheme as profit margins are like 10,000% on that garbage unfortunately. He didn’t have money until his 40s though. He went into all this on one of the podcasts he was in (the one where he said he came when a cop tackled him). A lot of the stuff he says sounds like bullshit, but his crypto shit sounds legit.
deleted by creator
This. Its a cover for being a drug dealer
Yeah it is a convenient excuse, but now IRS has their grubby ass hands in it and the major trading platforms will report income gains from it, so it’s harder to lie about it now unfortunately.
Just lil 37 percent tax rate for short term crypto gain Lou made and didn’t pay. Lil treat !!
Probably not. IRS never even was interested until Bitcoin hit over $10k. They’re always years behind new trends and once they realize they can shake down NEETs like Lou for some shekels they’re all over it. Can’t have some internet loser making millions without mafia style shakedown. “It’d be a shame to go to prison over this virtual currency now wouldn’t it? Just pay us 35% and we’ll call it even.” Unfortunately.
deleted by creator
deleted by creator
I can’t remember the podcast, but listen to the first one he was on. He goes into his background and everything.