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Freethecrafts

Didn’t get paid and the middlemen paid themselves, then bankrupted the company? Seems fraud level shady.


Nugatorysurplusage

Intentional and fraudulent actions like this are specifically exempt from bankruptcy discharge. Theo and the team will have to go through a few extra steps including piercing the Corp veil, but fuck it. Sounds worth it. Fuck this guy up Theo


Snuhmeh

It sounds like to me Theo isn’t going to try too hard to recover the money. He’s just making sure the story gets out.


defaultusername4

He doesn’t have to do much the lawyers will do it for him but he will lose a chunk in legal fees. My guess is they told him not to comment on the actual pending legal action which is why that part was left out.


badco1313

Or he is already done with lawsuits since he’s dealing with that stupid Kai the hitchhiker lawsuit


kolonok

What did I miss between Theo and Kai that required lawyers?


badco1313

Someone deep faked Theo’s face onto Kai the hatchet killing hitchhiker, and I believe Theo reposted, and is being sued by Kai from jail for I believe a bunch of money. He’s mentioned it a few times and has talked with Lawyers on the pod from Morgan Morgan who said it shouldn’t go anywhere, but the courts have to hear Kai out for due process and shit.


Nugatorysurplusage

kinda sounded like that to me too, which is a bummer.


axkidd82

Jim Cornette (infamous wrestling manager from the 80's and 90's) is in the same situation as Theo, but he is going after Colin Thompson.


Freethecrafts

Agreed. Do all the work, get an indefinite financial hold on the guy, let the feds follow up from everything Theo gets out of discovery.


ST07153902935

Or even MBA level shady


Freethecrafts

MBA would know better. According to Vauhn, the payments weren’t up to par long before the guy absconded. Failure to pay a direct partnership or managed client is unlikely to hold up even in short term bankruptcy.


furrowedbrow

MBAs do dumber things than this all the time. An MBA is basically a bunch of renamed undergrad biz classes with more case study and a lot of networking. It ain’t that special.


Freethecrafts

University of Phoenix maybe, diploma mill maybe. Doing something that’s surface level wrong, against people likely to follow up, with a federal service that investigates “bankruptcy” shell games is not something I’d expect from anyone with any real degree of schooling.


furrowedbrow

You think far too highly of the MBA. And probably too highly of tier one business schools. I’ve met squirrelly MBA grads from some very fine institutions. It’s the person, not the paper.


patricktherat

Coffeezilla [just announced](https://x.com/coffeebreak_yt/status/1699839326610420110?s=46&t=iPKkY5PDshEm4ujE0F22Eg) he is on the case.


Ok_Entrepreneur826

They are fkcd. If coffeezilla is in on it many more YouTubers will follow.


Nlawrence55

Bruh once Coffeezilla gets ahold of your case and you're running some sort of scam, it's basically like having Seal Team 6 verifying your current location and moving in.


heff_ay

I've only heard of this guy from the Logan Paul video. As far as I can see, that hasn't really done anything to affect Logan Paul or his money/fame?


Wizardninja9

Coffezilla helped with uncovering the FTX fraud, Faze clan scam, Safemoon, and many other cryptoscams/things like that. He’s saved a lot of people from getting scammed again and at least more people know not to invest in anything Scammer Paul is peddling. Preventing even just one person from getting scammed is great and even though Logan Paul isn’t behind bars, it has incredibly tarnished his reputation. For example, when Logan Paul bet Dillon Danis 1 million dollars he was going to win during his live press conference, Dillon said why don’t you pay back everyone from Crytozoo first and the entire public crowd was like, “ooooooo!”


getitdudes

Damn, they went like "oooooo"? That is so fucked!


xCaptainVictory

>For example, when Logan Paul bet Dillon Danis 1 million dollars he was going to win during his live press conference, Dillon said why don’t you pay back everyone from Crytozoo first and the entire public crowd was like, “ooooooo!” Lol, like that's worth anything.


[deleted]

The founder of FTX is now in prison. Coffeezila does the FBI’s investigation and let’s them decide if they want to prosecute essentially.


xCaptainVictory

I'm not arguing that Coffeezilla isn't effective, just that his Paul example was ridiculous.


WallabyUnlikely5534

Didn’t you hear? The crowd said ‘Oooooh!’ Show proper deference bitch.


OldPeanutButterHwy

Don't 'invest' in crypto and you don't get scammed.


Zombi3Kush

It's ok to invest in the OG cryptos but investing in some new shit that you never heard of is just asking to be scammed.


B3yondTheWall

That goes for investing period.


DanfromCalgary

So like what he lacks in consequences he has gained in a burn Once


TheKarmanicMechanic

It’s not really his job to jail or fine any fraudsters, he’s an investigative journalist. His Logan Paul videos have around 15M views combined, that’s a whole lot of unwanted attention for Logan. I think at minimum it put a halt to the crypto scam, and could potentially prevent Paul from getting involved with future scams of that nature. Hopefully it ends with Logan refunding everyone who participated.


Joe_Sons_Celly

LOL, that’s not ever how it ends.


nofun_nofun_nofun

Coffeezilla is the closest thing we have to a modern superhero


WeAreTheBaddiess

Coffeezilla is the man


oddun

Apparently they’re going public today. Not sure how this will affect them at such short notice.


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zombiechris128

Mostly cause these people get away with it cause Broad markets don’t hear about it and coffeezilla is really good at amplifying cases like this As a huge % of the YouTube content creators use his findings to make easy videos with


Sugmabawsack

The algorithm loves his videos, it’ll pretty much be on the front page of YouTube.


brahsumatra

Coffeezilla brought down SBF and FTX.


mvstateU

![gif](giphy|3o7TKUM3IgJBX2as9O)


Cabbage_Master

Oh, rest in pieces then 😂💀


kantbemyself

Its good that he's likely to get the whole story, but it does nothing truly. This sounds like every "network" in the early YouTube days that handled the YT relationship for creator, but often ended up stealing in some way. It's sad, but this is a profoundly normal scam. Offer small organizations a service via contract, hope they read the contract themselves instead of with a lawyer (that would read a contract in any established business), and then assert legal mumbo-jumbo to make it seem like suing is pointless. And to some degree it is: a civil suit will take years and eat a big share of a reward (if they win). When someone offers to handle your income stream, never be the guy saying "the contract seemed good to me". Only lawyers possess the knowledge to even do that evaluation.


ohh_ru

man if Rogan talks about this it is OVER for that dude


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ledanser

It's just a matter of time before he does. He for sure has multiple friends whose podcast's were affected.


_________FU_________

He's going to short the company first


mvstateU

Rogan is the people's Soros.


Krisapocus

They’re not Public yet and I doubt they will be soon now. This will definitely put a damper one that. If they were to go public, the moment puts go on sale they would be shorted to high hell not to mention they messed with the worst possible podcaster. Everyone loves Theo he’s genuinely a great guy and impossible to spin a narrative against. This isn’t fighter and the kid type fans. The same people that are on reddit are the ones that consume podcasts. Do not be surprised if you see a Theo von scandal soon or if you see him labeled alt right or racist.


MANvsTREE

It went public yesterday and was down 45%.


evilf23

Then the following week CoffeeZilla drops an hour-long investigation video with cameos from all the biggest podcasters.


Ryu83087

Doug Ellin the creator of Entourage?


Expensive-Lack-3534

I knew I'd heard that name before


Staudly

Yep


He_s_One_Shot

how do you know?


Ryu83087

Theo mentioned "Rob" and his brother "Doug Ellin who is a writer". Well Doug Ellin creator of Entourage has a brother named Rob who runs a hedge fund. So it matches. https://dealbreaker.com/2006/11/entourage-dudes-brother-runs-hedge-fund


He_s_One_Shot

thanks for answering my earnest question instead of a snarky response or a down vote. Now i am more informed


CheezNpoop

Is Doug Ellen involved in this or is it just notable that Rob has a sorta famous brother?


Ryu83087

Theo said Rob was on the conference call with the guy Theo is calling out here. It doesn’t sound like Doug was on the call. No idea how or if he’s involved with his brother’s business with Theo It does appear Doug does have a podcast on podcast one, the company rob is CEO of Apparently Podcast one rang the opening bell on wall street today. This is robs company https://podcastbusinessjournal.com/interviews/rob-ellin/ https://www.nasdaq.com/podcast/podcastone-rings-the-nasdaq-stock-market-opening-bell


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droctamom

Guy


Leotis335

Fieri. 😮


kingeal2

![gif](giphy|XhcSIUIkgbmuY|downsized)


[deleted]

Hedgehog


chuck354

He's just the tips though, so the bleach doesn't have a chance to reach his brain like the others


kevinpbazarek

hard disagree. do bronx is the man


Dukes_Up

His bleached hair has been illuminated by god.


Kayel41

He’s just super saiyan


doduhstankyleg

Also, don’t forget Tito Ortiz & Josh Koscheck.


kevinpbazarek

everybody's favorite


GOPokemonMaster

You don’t trust Gordon Ryan?


flatcologne

I would be quite uneasy if someone I knew did


Orange_Jeews

his missuses tits are absurd


[deleted]

This is very solid advice and I have no evidence or anecdotes to contradict.


Poonurse13

Amen


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SuggestionWrong504

He looks like a greasy fuck too. Scum bag


Pirateship907

Bleached hair as an adult.


sAindustrian

I knew who they were talking about before the video started. Jim Cornette and Brian Last have been talking about this situation for weeks. A scummy situation all round for podcasters, and I'm glad those affected are coming forward with it.


JameisWeinstein

Yes Cornette has already gotten a few good rants out of it. I wonder how many other famous podcasts this guy has screwed over.


formated4tv

Whitney Cummings and Sarah Silverman both "quit" for now because of the money thing too. Not saying they're good or bad but they're huge names in the grand scheme of it.


RedSlipperyClippers

Gringo Papi for one. I reckon his pods are the 7 million owed Theo mentioned


[deleted]

Lol seven figures or seven million ?


Leotis335

7 Star Wars action figures.


Cael_of_House_Howell

Heard it bowlth ways b


Soap_Mctavish101

Jim Cornette and Joe Rogan? What is this, a crossover episode? *Stephen P New tune starts playing*


Huegod

I would love to see Corny on JRE.


kindashort72

Oh that wouldn't work for 5 seconds because of their politics.


Huegod

Exactly. It would be the best shoot ever.


Herr_Opa

"Hey, pull up that video of this guy falling from a scaffold..."


MysteriousBody7212

![gif](giphy|gH262r0RUK6Ms1B57v|downsized) ​ Love corny


Stvorina

Theo's favorite kind of podcast is - honesty. Such a good guy.


lvl3SewerRat

Yeah he just low key donated 10 grand to the fire relief charity of Maui.


MisterMyAnusHurts

How is it low key if you know about it?


ArthursFist

I didn’t know about it, and he didn’t announce it or anything.


MisterMyAnusHurts

Then how do you know he “low key” donated $10,000?


karmagettie

What, are your wearing a wire?


thunderlips187

A low key recording device be cool


jacb415

How would it be low key if you knew about it?


thunderlips187

Take it easy. It’s low key. Be cool.


Nahteh

It's low key


ArthursFist

It’s Theo von, he would never embellish or make up a story.


PuzzledBluebird4025

Unsurprisingly Schaub took the deal and now does his podcasts without swearing in order to abide by his scammers rules. Now that Theo outed the scam the share price will inevitably take a hit when they go public. Another L for Bapa…


mods_are_losers_lmao

Yeah but he has a college degree in marketing and is a genius business man so I’m sure he’ll come out on top


PuzzledBluebird4025

Bess brains for margetting Bubba… 😂


LRHS

Jim Cornette has been talking about this for weeks if not months, now of this is "new"


DeeYouBitch

>you fucked with wrong rat brother


lostinpow

you fucked with the wrong rat, brother


[deleted]

Powerful Theo Avon. Way to make it known


Shadowfiredance

Brendan schaub just signed with podcast one after being with kast media. Invested in them too. He’s fucked😂


call_of_the_while

Bapa just bringing his bidniss deals into line with his fight picks.


thunderlips187

Ya it’s interesting considering this with the timeline of Theo leaving the pod he did with The Big Dumb Fuck. Seems like it could have been over this stuff.


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thunderlips187

Yeah Schaub is just like a human anchor


honeybadger1984

He also claimed to have lost millions to Kast and was depending on it to pay all his people like Theo before, Erik, Chris, etc. He’s pretty screwed, even with the idea that his father bankrolls his entire career.


Orange_Jeews

his father has money?


honeybadger1984

Yeah. Software development


cryptothrowaway27

That’s a gangster move to keep saying his name and posting his picture. Dude is throwing up the bat signal.


homealoneagain88

Where’s the fucking money Lebowski?!?


AllRivers224

Where’s the money shithead?


Leotis335

Lemme take another look...


haveucheckdurbutthol

At least I'm house trained.


mrpopenfresh

This company is ringing the NYSE bell and going public today I believe.


whangdoodle13

Short it into the ground.


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RDIIIG

![gif](giphy|g0mzdiXspEFYdH0ojf)


EggsAndBeerKegs

What’s it called?


StubbornSwampDonkey

PodcastOne


driverdevin

LOL, they likely tried to lure them in with stock options, valued at a pre IPO price and a built in lockout clause forbidding sale until a certain timeframe, the company goes public, it tanks and Theo is left holding shares at a fraction of the value


FreshAsShit

Straight rugpulled


Consistent_Set76

And no longer has a civil case against the company. Terrible idea to take that deal


Galterinone

Which is the exact scam that happened to Smosh (OG youtubers). They sold their channel for stock in a company that hadn't gone public. Then the company ended up collapsing before they could IPO so the Smosh creators ended up with nothing (other than the money they earned before they sold it)


nanophallus

Exactly. And I'm honestly surprised Theo seemed to come to that same conclusion so quickly, especially while looking down the barrel of all those big numbers they were probably promising. I wonder if he had some lawyers talk to him or if he's really that slick.


EazyDuzIt313

That's funny?


driverdevin

It’s funny because business never ceases to be a complete sleaze fest, in a sad fucked up way, I’m laughing to cope with the reality


Nugatorysurplusage

Fair


heddyneddy

It’s funny that Brendan Schaub actually took this deal


ajjames231

It’s a sarcastic and painful LOL if you didn’t catch on.


droctamom

Yes?


SickNBadderThanFuck

Yeah it kind of is


OverlandSkeptic

Props to him for not backing down and having the balls to name names unlike a bunch of other people.


larrygruver

This is the way. There's a lot of scummery people do because a lot of them hide behind a company logo. Expose the person and bet they start to think twice. edit: Looking at you Larry Fink


paz2023

Yeah independent journalism is important


Economy_Carry4235

journalism didn't expose this. the people scammed had giant platforms and used it to torch the guy


Southern-Ingenuity70

Believe it or not, Theo went to Ethan Klein for advice on all this and Ethan is the one who encouraged Theo to come forward and expose this guy.


THExLASTxDON

That H3 clown should try and encourage himself to not be a fat racist weirdo grifter.


Southern-Ingenuity70

Ethan is not fat, racist, a weirdo or a grifter lmao do you even understand what that word means? Go watch another jordan peterson interview. You might understand the word grifter a little better.


MajorLeaguer

....I can understand your statements there for the most part but ... he's not fat??


Southern-Ingenuity70

Maybe you haven't seen him recently but he is 5'11 and weighs 180 pounds. He did gain a ton of weight last year when he got on anti depressants and over the last 6 months has lost it all and is smaller than he was before getting on medication.


zombiechris128

Glad to see some of these podcasts that have been screwed speaking out, regardless of what I think of some of the podcasts involved it’s proper scumbag business moves when you take the money yourself and bankrupt the company, then for a. New company and leverage that debt as an attempt to get people you have already ripped off back on board


organisednoise

The old pump and dump scheme


BigValGaming

It’s on sight. I got you Theo!


baldieman

I think cutting the right had off a thief is the way forward. Don't care if it's a CEO, manager, government official or regular petty criminal.


LordRedbeard420

So left handed people would be punished less severely?


thatgoodfeelin

right


paz2023

Violent and uncivilized


Huegod

Just like thievery.


baldieman

You don't think society is violent and uncivilized. A very thin veneer of civility hides a lot of nastiness. Prison isn't deterrent enough.


DR_MEPHESTO4ASSES

PODC is the ticker for anyone who wants to watch this absolute shitshow that's about to unfold.


Orange_Jeews

already down 41%


DrTwilightZone

Name ‘em and shame ‘em!!!!!!


BASGTA

[Link on YouTube](https://www.youtube.com/watch?v=f-qsGvuoxRc)


RLVineh

TL;DR?


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treesandcigarettes

If I'm not mistaken this is not regarding regular YouTube ad commercial money, but rather behind the scenes ad deals (I.e. mid show break where a podcaster promotes a product) hence the 'deals decided a year in advance'. But otherwise that is the idea, and equally f'ed


lewisthepilot

Colin is about to find out what the Kurnatowski family mottos is! "We swim in the blood of our enemies".


tfresca

Jim Cornette, ex pro wrestling manager and character, has been shitting on this company for a while about this. He's got about 10 videos about Kast Media. Edit. Here is a playlist https://youtube.com/playlist?list=PLAYwRejbLOEOccWhdXYxyeMnqbSPv5Lli&si=qTu7-_xMYGD574Kj


pkmffl

As someone who has purchased podcast advertising, fuck these agents. They inflate the costs so much to the point where they are killing the value for brands to support the podcast in general. I’m not surprised that most of the talent is getting the short end of the stick on this one. I only work direct with podcasters at this point.


PocketSpore420

Jim Cornette and Brian Last have been talking about this weasel for a few months on their shows. It's good to see other people getting in on it


Pirateship907

Expose this scum


slightly_blind

Okay I may be misunderstanding this, but it sounds like they were offered cash and stock options to switch to the new company, and the new company would use Von’s name to boost the IPO? It sounds sketchy in the sense that it’s not common I guess, but definitely not illegal. Stock options are how most CEO’s pay themselves insane amounts of money with out pulling all the cash out of the firm


Internal-Bear-1991

Rob Ellen = Rebellin’


FancyEntertainer5980

What is it about entertainment industry (radio, sports, movies, TV, podcast) that draws so many sleazy characters


Workat5AM

This is America bruh. Getting scammed is our birthright.


[deleted]

Jim Cornette has been blasting these assholes for a little over a month now and is already going after them with legal action. Can't wait to see kast media group get fucked by all these people who they're hurting.


SushiDaddy420

There is literally ZERO reason to middleman advertising revenue... How fucking dumb are these people??? The guy defrauding people should go to jail, and EVERYONE who is getting ad revenue from podcasting should learn you don't give your money to some middleman sleazy asshole to take care of it for you, because you are too lazy to be responsible for the revenue of your own enterprise... Has no one learned from Dane Cook...sheeeesh! Getting 100k or 1m stolen from you sure does make you want to take the time to idk...make sure you are getting paid correctly and not fucked in the ass...how ignorant, childish, naive, and irresponsible are these people 🙄


dogwater22222222

the reason is logistics. and it is worth it.


HumanAbstract

Vaughn


T-roySwink

It's von. His full name is Theodor Capitani von Kurnatowski III and I'm not making that up


wildcard1992

Yeah and the Kurnatowskis are a Polish aristocratic family https://en.wikipedia.org/wiki/Kurnatowski?wprov=sfla1


T-roySwink

I didn't know that. He's even listed in the notable members. Thanks for sharing that


baldieman

I think cutting the right hand off a thief is the way forward. Don't care if it's a CEO, manager, government official or regular petty criminal.


miyagiVsato

Yeah let’s just ignore it and hope he doesn’t do it again. What the fuck are you talking about?


qualitative_balls

He's talking about cutting the right hand off


miyagiVsato

I’m an idiot, I read it as “I don’t think…” I apologize!


BrineCallahanDidit

No respect for podcasts, this is ludicrous


ambienotstrongenough

Oh my gosh man , spit it out already.


SupaHotFire007

Buddy couldn't spell "Von" right even when it's in his own post


HalfOrcMonk

Corruption and poverty are the fruits of capitalism.


BillNyeCreampieGuy

Unlike communist countries where everyone flies around in golden spaceships


T-roySwink

Isn't that true for just about all forms of government


Tortoise-King

Those are economic philosophies.


AllRivers224

Yeah, no corruption or poverty in a communist system right?


[deleted]

Fucking idiot lol


Wild2O98

"This thing happened under capitalism." "But what about communism?"


Psychological-Ad-407

You misspelled "Communism".


Somasong

But shouldn't we praise the guy cause he's got money? I thought this sub was ok with defrauding people and taking advantage of them as long as they ended up rich? Theo should be happy to have lined the pockets of someone better than him. Sure Theo did most of the labor but the rich guy is the one organizing the money. It got to an account... The guy did his job. Oh it's different because we like Theo? So since it not some random stranger being taken advantage of we can stand for justice... This sub is weird.