Latest / Scam Goddess / The Fraudulent Fashion Founder w/ Margaret Cho
Transcript
- 0:00Speaker 1: Scal come from Scam, come right from.
- 0:17Speaker 2: Goddess.
- 0:19Speaker 3: Whats popin Congregation, It's your girl. Lacey Mostly aka Scam
- 0:23Speaker 3: God is back with another installment of comedy podcast all
- 0:26Speaker 3: about robbery, fraud and those who practice it. Sometimes we
- 0:29Speaker 3: love them, sometimes we ate them. We will find out
- 0:31Speaker 3: along the way. In Congregation, we have a returning member
- 0:37Speaker 3: of the congregation back here today, a stand up comedian,
- 0:40Speaker 3: actress and musician on the show. You've seen her on
- 0:44Speaker 3: All American Girl, thirty Rock, Will Trent Fire Island, all
- 0:47Speaker 3: her amazing stand up comedy specials, and so much more.
- 0:51Speaker 3: She has an album out now called Lucky Gift. You
- 0:53Speaker 3: can listen to that right after this episode. Congregation. Okay,
- 0:57Speaker 3: she got some hymns.
- 0:57Speaker 2: For the church. I know that's right.
- 0:59Speaker 3: And you can catch her live on her Chola Garchy
- 1:02Speaker 3: stand up comedy Tour, happening now through August. Yes, come
- 1:06Speaker 3: on Shologarky, an icon, a comedy legend.
- 1:09Speaker 1: She is.
- 1:09Speaker 3: Congregation, Please stand up, out of your pews, your seats,
- 1:12Speaker 3: your cars, and welcome Margaret Show back to the show.
- 1:16Speaker 4: Hi Margaret, Hi, I love you, thank you.
- 1:19Speaker 2: Yes, we'll be more so happy that you're back.
- 1:21Speaker 4: I'm so grateful to be back.
- 1:23Speaker 3: I this is random, but and I know it's like
- 1:26Speaker 3: an old thing that you did and you're always popping
- 1:28Speaker 3: and moving and shaking, but your arc on thirty Rock
- 1:30Speaker 3: was one of my favorite random bits ever. And I
- 1:33Speaker 3: watched thirty Rock a lot, like over and over again
- 1:35Speaker 3: because I just think it's a show. It was just
- 1:36Speaker 3: so many like ak forty seven rounds of jokes and.
- 1:41Speaker 4: Oh, thank you, thank you.
- 1:42Speaker 5: It's like, yeah, it's like a comfort show.
- 1:44Speaker 4: For a lot of people.
- 1:45Speaker 5: Like it's one of those things that you kind of
- 1:48Speaker 5: want to watch before you're going to sleep, cause it's like,
- 1:50Speaker 5: you know, we need things that are comforting, and we
- 1:52Speaker 5: need things that are we know are funny from a
- 1:55Speaker 5: simpler time.
- 1:57Speaker 4: Yeah, so but thank you, thank you that it was
- 2:00Speaker 4: a lot of fun to do.
- 2:01Speaker 2: It's iconic.
- 2:02Speaker 3: I've always wanted to do something like that where like
- 2:04Speaker 3: people can watch it for years and years to come,
- 2:07Speaker 3: you know what I mean, Because like there's so many jokes.
- 2:09Speaker 3: Every time I watch it again, I find something new
- 2:10Speaker 3: and funny about you, about everyone, and so it's very it's.
- 2:13Speaker 5: Yeah, maybe it's so funny. It's a really it was
- 2:15Speaker 5: a really fun thing to do.
- 2:16Speaker 3: Yeah, thank you. Thank you for bringing all the talents
- 2:20Speaker 3: in the world.
- 2:20Speaker 2: We appreciate it.
- 2:22Speaker 3: Now I have to ask you, Margaret, like, since we've spoken,
- 2:25Speaker 3: you know, what's your relationship with scam has been. Have
- 2:27Speaker 3: there been any that have been quite titillating to you?
- 2:30Speaker 3: Or has anything happened to you? Could literally be anything.
- 2:33Speaker 4: So this is very rare.
- 2:34Speaker 5: I actually jumped into the DMS of a very famous
- 2:37Speaker 5: person who I wanted to date, and I've never done this,
- 2:41Speaker 5: but we started talking and I gave them my phone
- 2:44Speaker 5: number and then I got a text right away, but
- 2:48Speaker 5: it didn't seem like it was from that person. It was, Hi,
- 2:52Speaker 5: I'm so glad that I have your number and I
- 2:55Speaker 5: just want to see what you're doing. And it didn't
- 2:58Speaker 5: sound like the same person, and I was like, this
- 3:00Speaker 5: is not the same and I didn't want to go
- 3:02Speaker 5: in the dams.
- 3:02Speaker 4: Did you text me? Like?
- 3:03Speaker 5: I didn't want to say anything like that, Like I
- 3:05Speaker 5: just was like, I just let it sit on it.
- 3:07Speaker 5: And then I waited for a day because I thought
- 3:09Speaker 5: it was one of those texts like you know, hey,
- 3:11Speaker 5: we're supposed to go golfing.
- 3:13Speaker 4: Or you know, like we're.
- 3:16Speaker 5: Like, okay, I'll meet you at the doctor's office, you
- 3:18Speaker 5: know those things, and it sounded like one of those.
- 3:21Speaker 5: But I also had just given this person of my
- 3:24Speaker 5: damns my number, so I did. It was so awkward,
- 3:27Speaker 5: so I like waited a day and then finally I
- 3:31Speaker 5: wrote back and I'm like, is this the person that
- 3:33Speaker 5: I was talking to?
- 3:34Speaker 4: And they're like, no, it's Roberta.
- 3:36Speaker 5: And then it was a picture of like a beautiful
- 3:39Speaker 5: Asian woman.
- 3:40Speaker 2: Oh Lord Jesus, and it.
- 3:42Speaker 4: Was like one of those fits, and I was like
- 3:43Speaker 4: so angry.
- 3:44Speaker 5: So the movie star didn't work out, and but I
- 3:48Speaker 5: was so mad that it with a timing was that
- 3:51Speaker 5: I thought it was that person?
- 3:52Speaker 2: So was this a chance?
- 3:54Speaker 3: With the camera just kind of got like some kismet
- 3:56Speaker 3: luck and it was a coincidence.
- 3:58Speaker 4: Total coincidence, total incidents.
- 4:00Speaker 5: But I actually get those things pretty often, like those
- 4:04Speaker 5: weird fishing texts like this is the doctor speaking and
- 4:07Speaker 5: you have an appointment, or you were supposed to meet
- 4:10Speaker 5: up and play golf, or hey mom, dad, is this
- 4:13Speaker 5: your number? Still, like, I get so many of those,
- 4:17Speaker 5: and I think it's because I got scammed before a
- 4:18Speaker 5: few years ago during the pandemic, when I tried to
- 4:20Speaker 5: buy a cat online.
- 4:22Speaker 2: I remember you telling you about that.
- 4:23Speaker 5: Yeah, when I tried to buy a cat online. So
- 4:25Speaker 5: I think I'm on a register where people are like,
- 4:28Speaker 5: she's an easy marksmers.
- 4:31Speaker 3: Like the data breach, I'm I'm fully convinced. I'm putting
- 4:34Speaker 3: on my tin hat, but I'm fully convinced that those
- 4:36Speaker 3: data breaches are literally just companies selling our information and
- 4:40Speaker 3: then acting like, oh my god, we don't know who
- 4:41Speaker 3: did it, but just so you know, like we gave
- 4:44Speaker 3: them everything once you bought that, you know, Toyota Cameron, Like,
- 4:48Speaker 3: what do you mean?
- 4:50Speaker 5: You're right, You're totally right, because that's that's exactly what
- 4:53Speaker 5: they've been doing. But it's like I've just been breached
- 4:55Speaker 5: so many times because I refuse to change my number.
- 4:58Speaker 5: I don't really know how to do any think, like
- 5:00Speaker 5: I'm very like lax on stuff. So I definitely And
- 5:04Speaker 5: I've been to gam before, and you know that cat
- 5:07Speaker 5: scam got me for a couple of thousand dollars.
- 5:10Speaker 3: Yeah, so that one out. Everyone wanted to pet, everyone
- 5:13Speaker 3: wanted someone to cuddle. We were all indoors. It's like,
- 5:16Speaker 3: it's are the nastiest scams to do. It's like people just.
- 5:19Speaker 5: Connecting a little animal and showing me all these two
- 5:23Speaker 5: pictures of kiddies, and so it was just very it
- 5:26Speaker 5: was rough, so I think, but you know, when you
- 5:28Speaker 5: get marked this like somebody who can be conned, they
- 5:31Speaker 5: never want to let you go.
- 5:33Speaker 3: Oh no, once they think they can get you once
- 5:34Speaker 3: to say, they'll just spend the block again and again.
- 5:37Speaker 2: And I feel like with.
- 5:37Speaker 3: This situation, it's unique because this is one of the
- 5:40Speaker 3: scams that I haven't ever gotten to the end game of,
- 5:43Speaker 3: like when you talked about the like oh I'm your mom,
- 5:45Speaker 3: or oh the doctor. I've gotten the golfing one a lot,
- 5:47Speaker 3: or it's like hey girl, like you're late for lunch
- 5:50Speaker 3: and I'm like, I don't know who this is, and
- 5:52Speaker 3: they're like, oh, it's me so and so then they
- 5:54Speaker 3: send a picture and it's always some conventionally attractive, you know,
- 5:57Speaker 3: like East European woman.
- 5:59Speaker 2: And I try to keep it going, like I've tried
- 6:02Speaker 2: a couple times.
- 6:02Speaker 3: The next time, I'm not going to fail because I
- 6:04Speaker 3: got a little too cocky and I was like talking
- 6:06Speaker 3: back to the person and I was like, oh girl,
- 6:08Speaker 3: like I don't know, but just seemed cool, like we
- 6:09Speaker 3: should link up, like we should have gone for whateverever.
- 6:11Speaker 2: I got pretty far in the conversation because I'm trying
- 6:13Speaker 2: to figure out what do you want? Yeah, what do
- 6:15Speaker 2: they want?
- 6:16Speaker 3: And so I was so excited because I got pretty
- 6:18Speaker 3: far that I put a screenshot on my Instagram store
- 6:21Speaker 3: and I was like, y'all, I'm getting close. Soon as
- 6:24Speaker 3: I put that screenshot up, they were like, oh, never mind, Uh,
- 6:27Speaker 3: this is the wrong person, and they stopped talking to me,
- 6:28Speaker 3: and I'm like, fuck, they must be watching my stories.
- 6:31Speaker 3: This is somebody who somehow has gotten my information.
- 6:34Speaker 4: I was like, yeah, they put it together.
- 6:37Speaker 5: They were like, this is too easy, because what they
- 6:39Speaker 5: want is somebody that's old, who's lonely, who's vulnerable that
- 6:44Speaker 5: they can build a relationship with. I mean that's basically
- 6:47Speaker 5: they're just looking for an entry into conversation where they
- 6:50Speaker 5: can either talk you into doing some kind of bitcoin
- 6:54Speaker 5: crypto investment scam or something to that effect.
- 6:58Speaker 2: Like they want to take you to what's they want
- 7:00Speaker 2: to take you to?
- 7:00Speaker 3: Signal They definitely like never go to a second location
- 7:03Speaker 3: that works with the phones as well on exactly what
- 7:05Speaker 3: my phone Bookie like, we're not going to with.
- 7:07Speaker 5: That, We're not going to what'sapp We're not going to signal,
- 7:11Speaker 5: we're not going to telegram now there it is exactly
- 7:14Speaker 5: like that's where they kill you in the second location.
- 7:16Speaker 5: So we have to be very very aware. But that
- 7:19Speaker 5: I think they're just looking for people who are lonely.
- 7:21Speaker 5: They don't like it when people actually actively try to.
- 7:24Speaker 4: Waste their time.
- 7:25Speaker 2: Yea, you know, no.
- 7:28Speaker 4: Aware of it. Yeah, they're aware of it.
- 7:30Speaker 3: And the thing too is that I feel like when
- 7:33Speaker 3: you said the part about like you don't change your
- 7:35Speaker 3: passwords and you don't change your number, like I absolutely
- 7:37Speaker 3: understand that. And for those people out there who are
- 7:41Speaker 3: you know, doing what Marcatchell's doing, who are part of
- 7:45Speaker 3: the trologarchy you know, tickets right now, y'all. Yes, I
- 7:49Speaker 3: think that it's not a bad thing to operate that way.
- 7:53Speaker 3: Just know that if a scammer emails you or reaches
- 7:56Speaker 3: out to you and it's like hey I have your
- 7:58Speaker 3: password or hey I have your number, Hey I know
- 8:01Speaker 3: where you live, if they had enough information to take
- 8:04Speaker 3: anything from you, they wouldn't reach out to you, right,
- 8:06Speaker 3: So don't get scared, don't engage. I've had people send
- 8:10Speaker 3: me photos of myself and we're like, I know this
- 8:13Speaker 3: is you and I'm gonna expose you. I don't respond
- 8:16Speaker 3: to that email because okay, do it was your time
- 8:19Speaker 3: in that picture and it's.
- 8:20Speaker 5: Not I'll give it that like I mean, like it's
- 8:25Speaker 5: like that's That's what's really sad is when people really
- 8:27Speaker 5: get stuck with fear and they're like so afraid that
- 8:32Speaker 5: their friends are family are going to find out about
- 8:34Speaker 5: certain things or whatever, and it's just that's a that's
- 8:37Speaker 5: a whole other level of scam that's like sextortion or
- 8:40Speaker 5: extortion where it's really that's really evil and that's unfortunately
- 8:44Speaker 5: the reality for a lot of like teenagers.
- 8:48Speaker 4: Now have to deal with that kind of stuff, which
- 8:49Speaker 4: I think.
- 8:50Speaker 5: I mean, I'm I'm just so glad that I'm sort
- 8:53Speaker 5: of like numb to it and I don't really care.
- 8:56Speaker 5: But yeah, people can get you can get done with
- 8:59Speaker 5: that that kind of stuff.
- 9:00Speaker 3: Yeah, because I mean, that's one of the biggest currencies
- 9:01Speaker 3: in scams is fear and shame, shame, especially because shame
- 9:06Speaker 3: is like like the next step of fear, you know
- 9:09Speaker 3: what I mean. So it's like fear is the root,
- 9:10Speaker 3: but shame is like the mask. It's like the fear
- 9:13Speaker 3: is that you're going to be embarrassed. So I absolutely
- 9:18Speaker 3: understand people want to cover that up. But that's how
- 9:19Speaker 3: a lot of scammers continue to get away with things.
- 9:21Speaker 5: It's because how they operate, it's their ammunition, and it's
- 9:24Speaker 5: it's really I mean that that's really sad. But yeah,
- 9:27Speaker 5: the fact that that exists in is such a big industry.
- 9:30Speaker 5: They make millions of dollars, and I.
- 9:32Speaker 3: Mean, look at our president, look at all these model
- 9:34Speaker 3: people still hanging on. And it's simply because they're so
- 9:37Speaker 3: ashamed to say that they got got and that they
- 9:40Speaker 3: were foolish.
- 9:41Speaker 2: And then there's some people who are.
- 9:42Speaker 3: Just like, look, I want the world to burn, like
- 9:45Speaker 3: I didn't get what I was promised in the white contracts,
- 9:47Speaker 3: so all the brown's gotta die. You know, you got
- 9:49Speaker 3: those people, But then you also have the people who
- 9:51Speaker 3: are like, no.
- 9:52Speaker 2: I believe in him.
- 9:53Speaker 3: I don't know what the fucking stands for, what the
- 9:54Speaker 3: fuck is doing. But they're just like, I don't want
- 9:56Speaker 3: to be proven a fool. I'm too ashamed, right, So
- 9:59Speaker 3: I'm too a shame.
- 10:00Speaker 5: It's just they're embarrassed. It's a sunk cost fallacy. You know,
- 10:03Speaker 5: they bought so and so and do it so much.
- 10:06Speaker 5: They bought so much Trump merch and they can't go back.
- 10:09Speaker 3: Yeah, And also like I don't know why didn't realize
- 10:10Speaker 3: when the president kept selling the merch like once he
- 10:13Speaker 3: was in office, Like, bro, this is a griff. I
- 10:15Speaker 3: had one Obama T shirt and I wore it. Oh,
- 10:17Speaker 3: I had two because it was cute. It was two
- 10:18Speaker 3: little different ones because the first was for both elections.
- 10:21Speaker 3: For one for different elections because the first lecture I
- 10:23Speaker 3: couldn't vote, and then the second I could. But I
- 10:25Speaker 3: like block walked and phone bank and did whatever I
- 10:27Speaker 3: could the first one. But like I had those two
- 10:30Speaker 3: T shirts. I don't know where those shirts are. Like
- 10:32Speaker 3: I would wear one to work out every now and then.
- 10:34Speaker 3: But like, why are y'all wearing merch? Like y'all going
- 10:36Speaker 3: to his concert every day? Like you don't think that's strange.
- 10:40Speaker 3: You don't think that's strange. He always he got a
- 10:42Speaker 3: gold shoe for y'all, he got a card, he got
- 10:44Speaker 3: ear rings, bigcoin. You don't think it's weird. He's slanging
- 10:47Speaker 3: Like like imagine if you were in the White House
- 10:49Speaker 3: and the President was like bro man from Martin and
- 10:51Speaker 3: he just opened his coat and he was like, hey, y'all,
- 10:54Speaker 3: the president got all this stuff for y'all. Watch I
- 10:56Speaker 3: want two for five, five for thirty, Like what are
- 10:58Speaker 3: we doing?
- 11:00Speaker 5: But he's such a scammer. It's like he's scammed that. Yeah,
- 11:04Speaker 5: he's scawing so much.
- 11:06Speaker 3: But the shame of it all is like, really, what
- 11:08Speaker 3: I wanted to like link in with, and I'm sorry
- 11:10Speaker 3: that it didn't work out, Like what you're shooting your shop?
- 11:12Speaker 2: I mean, you got to respond, so okay, I did.
- 11:15Speaker 4: I did. We had it.
- 11:15Speaker 5: We had a nice conversation, and it's just it was
- 11:18Speaker 5: really it was the first time I had ever done that.
- 11:20Speaker 5: But that's why I just got got by the scammer,
- 11:23Speaker 5: because it was the timing.
- 11:24Speaker 2: Yeah, they got looked at.
- 11:25Speaker 4: They got really lucky, and I could have just fallen in.
- 11:28Speaker 5: But it's it's good. It's good that it didn't work out.
- 11:31Speaker 5: I mean, I just really expect scams. I listened to
- 11:34Speaker 5: your podcast so much and watch your TV show so
- 11:37Speaker 5: much that I just I think everything is a scam,
- 11:40Speaker 5: which is really you're educating the people. We now we're
- 11:43Speaker 5: in the congregation, we think everything is a scam, so
- 11:45Speaker 5: we're always looking out for ourselves.
- 11:47Speaker 3: Yeah, and I think in some way everything can be
- 11:50Speaker 3: a scam. That doesn't mean everything is a scam, but
- 11:53Speaker 3: everything can be a scam.
- 11:54Speaker 2: Which, yes, I don't want people to.
- 11:55Speaker 3: Be like pessimistic or like scared, but I think having
- 11:58Speaker 3: that mentality exactly what you just said at Margaret, like,
- 12:00Speaker 3: I love that that's what you took.
- 12:01Speaker 2: From it, because that mentality keeps you safe.
- 12:04Speaker 3: Because the people who think it could never happen to me,
- 12:06Speaker 3: that's what happened. So because you see all these red flags,
- 12:09Speaker 3: you're like, it could never happen to me, It could
- 12:11Speaker 3: never happened to me. And it's like, no, baby, it's
- 12:13Speaker 3: happening to you right now. And because you refuse to
- 12:15Speaker 3: believe it would, you're gonna wake up one day and it.
- 12:18Speaker 4: Did exactly exactly.
- 12:20Speaker 3: Scared God, Lit's get into our historic hoodwink today. Today
- 12:30Speaker 3: we're gonna be talking about Fashion CEO Christine Hunsicker aka
- 12:36Speaker 3: the Birnie Madoff of Fashion.
- 12:39Speaker 4: Ah.
- 12:40Speaker 3: Yes, Christine wasted three hundred and fifty million dollars of
- 12:43Speaker 3: investor money lied about her company's net worth, and when
- 12:46Speaker 3: the other executives at the company found out, they left
- 12:50Speaker 3: her in charge for months.
- 12:52Speaker 2: So once they busted her.
- 12:53Speaker 3: They were like, well, okay, so she is giving fashion
- 12:57Speaker 3: Christine's got Yes.
- 12:59Speaker 4: She's very she's also very stock photography.
- 13:02Speaker 5: She's very very it's giving very stock photographer like stock photography.
- 13:07Speaker 2: Yes, you're absolutely right. Like this could definitely be like
- 13:10Speaker 2: a lanscrafter's commercial.
- 13:11Speaker 3: Like I could go into like an eye doctor and
- 13:14Speaker 3: they would have her photo up.
- 13:16Speaker 2: I don't think those passes have prescription.
- 13:18Speaker 5: But no, no, but it is very like I, I,
- 13:21Speaker 5: you know, I need some I need a twenty twenty
- 13:24Speaker 5: vision and I, you know, it's very like an.
- 13:27Speaker 3: Ad she's given me barista at a local cafe employee
- 13:30Speaker 3: of the money. Yeah, yeah, definitely, definitely so the hunt
- 13:35Speaker 3: Sticker proxy. So Christine was born in Pennsylvania, Okay, shout
- 13:38Speaker 3: out to PA and went to Princeton, Okay, where she
- 13:42Speaker 3: played field hockey and learned German for her medieval studies minor.
- 13:46Speaker 2: All of this is adding up with this photo.
- 13:48Speaker 3: I'm seeing Princeton, I'm seeing field hockey, I'm seeing medieval studies.
- 13:52Speaker 2: Because ma'am, what was she gonna do with that?
- 13:54Speaker 3: It's like two thousand and seven, But okay, sure. So
- 13:59Speaker 3: one of her jobs was a project manager for right Media,
- 14:02Speaker 3: an online advertising startup in New York. She was promoted
- 14:06Speaker 3: to president before Right Media was sold to Yahoo, but
- 14:10Speaker 3: eight hundred and fifty million dollars in two thousand and seven. Now, Yahoo, see,
- 14:14Speaker 3: y'all made a lot of bad financial decisions because I
- 14:17Speaker 3: never even knew about Right Media. I don't think they
- 14:18Speaker 3: deserved eight hundred and fifty million of your dollars. No,
- 14:21Speaker 3: never seen this logal life. No, No, Yeah, Yahoo made
- 14:25Speaker 3: a lot of poor decisions.
- 14:26Speaker 2: I mean they're still hanging on. I know. I still
- 14:28Speaker 2: have my email over there for spam.
- 14:31Speaker 4: That's good. That's good.
- 14:32Speaker 3: And anytime I signed up for like a clothing laying,
- 14:34Speaker 3: you know, and they're like, we want to sign up
- 14:36Speaker 3: for a discount, I'm like, oh, yeah, here's my Yahoo.
- 14:39Speaker 4: Oh that's a good idea. That's smart.
- 14:41Speaker 3: So after taking a year off to get Scooba certified,
- 14:44Speaker 3: this lady just be doing anything. She's Yeah, she took
- 14:48Speaker 3: a job at another tech startup called drop dot io and,
- 14:54Speaker 3: an online file sharing service that was purchased by Facebook
- 14:58Speaker 3: for ten million dollars in twenty ten. Why wasn't I
- 15:00Speaker 3: just making up tech stuff with boring logos in the
- 15:03Speaker 3: early two thousands, because.
- 15:04Speaker 4: That's what everybody was doing. They were just fine.
- 15:07Speaker 2: The guys were buying it up.
- 15:08Speaker 4: Yeah, they was spending money on that.
- 15:09Speaker 3: Like Mark Zuckerboody bought this, Like I've never seen this
- 15:13Speaker 3: on Facebook, never dripped to drop Oh.
- 15:16Speaker 2: This was genius.
- 15:17Speaker 4: Man.
- 15:17Speaker 3: We should have just been buying up domains in two thousand.
- 15:21Speaker 2: What are we doing?
- 15:22Speaker 3: I should have got with Dan Capatrick told us. She said,
- 15:25Speaker 3: go go Daddy, get these get these domains. And I played.
- 15:28Speaker 3: So she got school certified, right, she got dropped. Dot
- 15:31Speaker 3: Io sales up to Mark Zuckerberg's and Zuckerberg had really
- 15:35Speaker 3: only bought it because he wanted to hire one of
- 15:37Speaker 3: their employees, Sam Lesson. The rest of the company shut
- 15:41Speaker 3: down and the employees were laid off, so this was
- 15:43Speaker 3: a vanity purchase. So Sam was like, if you want
- 15:46Speaker 3: to get me, you got to get my company. Love
- 15:48Speaker 3: how this works for people. In twenty eleven, Christine finally
- 15:52Speaker 3: launched her own startup, and this was called gwynny Bee,
- 15:57Speaker 3: a subscription service renting every day to women's sizes ten.
- 16:01Speaker 2: To thirty two.
- 16:02Speaker 3: For a monthly fee, you could get a few items
- 16:05Speaker 3: of clothing sent to you with a prepaid return package,
- 16:10Speaker 3: so when you send those items back, your next batch
- 16:13Speaker 3: would ship and Gwinny Beee would take care of washing,
- 16:15Speaker 3: dry cleaning of all the stuff that you returned. They
- 16:18Speaker 3: also had a size Advisor tool which would recommend a
- 16:21Speaker 3: size to pick like from each brand, and Christina hit
- 16:25Speaker 3: the jackpot again.
- 16:26Speaker 2: Honestly, Christine got hella ideas.
- 16:28Speaker 5: Like this is actually a good idea, though, I mean,
- 16:30Speaker 5: it's just hard, you know, especially like mid size or
- 16:33Speaker 5: plus size. It's hard to find those basics that you like.
- 16:36Speaker 5: It's also hard to go out, you know, shopping and
- 16:39Speaker 5: stuff like that, like.
- 16:41Speaker 3: The because in the store they only carry up to
- 16:43Speaker 3: a certain size. A lot of people don't have the
- 16:46Speaker 3: you know, they don't go block the plus size, yeah,
- 16:49Speaker 3: or plus size to them is like a.
- 16:50Speaker 2: Fourteen and that's where they stop.
- 16:52Speaker 3: And it's like, yeah, so if you can't bite in
- 16:54Speaker 3: the store, it's hard to find online sourcing it all
- 16:57Speaker 3: together at one place, and at least when I'm looking
- 16:59Speaker 3: at it the web site right here, the outfits and stuff,
- 17:02Speaker 3: especially for the time this is like early two thousands.
- 17:05Speaker 3: This is what the girls were wearing, you know what
- 17:07Speaker 3: I mean. There's Jean jackets, even those like tops with
- 17:10Speaker 3: the kind of like pre like what would you call
- 17:12Speaker 3: that little bean that you nick at the top with
- 17:16Speaker 3: the hombornment.
- 17:18Speaker 4: Yeah, or you know they've got a cold shoulder.
- 17:21Speaker 5: Yeah, they're gonna give you a cold shoulder, Like they're
- 17:23Speaker 5: always gonna have a cold shoulder. I don't know what
- 17:25Speaker 5: that is, but yeah, Like the the whole thing about
- 17:27Speaker 5: it is it's hard to find plus sizes that are cute,
- 17:30Speaker 5: that are if you want to change up your look
- 17:33Speaker 5: that often.
- 17:34Speaker 4: It's nice.
- 17:34Speaker 5: I mean I think that it's nice for you know,
- 17:37Speaker 5: for people who are the size to feel like, oh
- 17:41Speaker 5: I'm being accommodated, I'm being sold to.
- 17:44Speaker 2: This is good.
- 17:45Speaker 3: This is a good idea, especially because of our demos
- 17:47Speaker 3: in America, a lot of people are plus size, and
- 17:50Speaker 3: then their clothing is treated like an afterthought and it's
- 17:53Speaker 3: I have some plus sized friends somewhere in the industry
- 17:56Speaker 3: you're always talking about. They were like, I don't understand
- 17:57Speaker 3: why they think that plus size people want to wear
- 17:59Speaker 3: cheat a print all the time. I don't understand why
- 18:01Speaker 3: they think we need ruffles. They love to put a
- 18:03Speaker 3: ruffle on it. A cheetah parent like you said an
- 18:05Speaker 3: exposed shoulder. Yeh're like, We'll let you show a little
- 18:08Speaker 3: top of the shower.
- 18:09Speaker 2: Girl. How you getting them? Yeah?
- 18:12Speaker 3: Like yeah, so this is a genius idea to me.
- 18:15Speaker 3: Damn girl, why yes, going to crime? You're doing something
- 18:18Speaker 3: good for the community. So Project Runway Fashion Startup. So
- 18:23Speaker 3: this is when Christine Christine, she becomes a Yeah, she
- 18:27Speaker 3: becomes a rising star in the fashion world. She was
- 18:30Speaker 3: on Crane's New York Business forty under forty list.
- 18:33Speaker 2: What I tell you about them list.
- 18:34Speaker 3: If somebody try to put you on the list, or
- 18:36Speaker 3: if your publicisers try to put you on a forty forty,
- 18:38Speaker 3: thirty and thirty are going to jail.
- 18:40Speaker 2: You're going to jail. Just look up the pipeline. Don't
- 18:43Speaker 2: do it.
- 18:43Speaker 4: That's right.
- 18:44Speaker 3: So she she got on the forty under forty list
- 18:46Speaker 3: and was one of Ink's most impressive women entrepreneurs and
- 18:49Speaker 3: was recognized by the National Retail Federation as a pioneer
- 18:53Speaker 3: shaping the future of retail.
- 18:55Speaker 2: I agree with all of this.
- 18:57Speaker 3: In twenty sixteen, she appeared as a judge on Project
- 19:00Speaker 3: Runway Fashion Startup.
- 19:02Speaker 2: Okay, she was over there, Hidi, damn wow? Yes? And
- 19:06Speaker 2: wait is it? Nagal it zoom in on that photo.
- 19:09Speaker 2: Oh no, that's another white man.
- 19:11Speaker 3: But okay, so this is the more fashion runway startup business.
- 19:15Speaker 2: This is like the shark Tank of fashion.
- 19:19Speaker 3: Yeah, because now of these people look like models, no shade,
- 19:22Speaker 3: it's just like you, no looks.
- 19:24Speaker 2: Yeah.
- 19:25Speaker 3: So yeah, so she's on there like the shark Tank
- 19:28Speaker 3: for clothes. Interestingly, the other investors and judges on the
- 19:31Speaker 3: show decided Christine had the best poker face because she
- 19:35Speaker 3: was good at saying one thing backstage and doing another
- 19:38Speaker 3: on camera.
- 19:40Speaker 2: So Christine was on top of the world. Gwinnie Bee
- 19:42Speaker 2: worked well.
- 19:43Speaker 3: Her users enjoyed it, and so of course it was
- 19:45Speaker 3: time to make a change. I wonder what they mean
- 19:48Speaker 3: by poker face.
- 19:49Speaker 6: Let's see, Harry has an amazing poker face, but Rebecca,
- 19:55Speaker 6: she doesn't let you in on what she's thinking about.
- 19:57Speaker 4: I'd have to say Christine had the best poker face.
- 20:00Speaker 6: The best poker face is Christine. You never know what
- 20:02Speaker 6: she's thinking. Sometimes she's quiet and you think she's completely disinterested,
- 20:06Speaker 6: and then she surprises us all by begging the biggest investment.
- 20:10Speaker 2: Who had the best poker face? Obviously me, she surprised us.
- 20:13Speaker 2: We would talk a little bit in our boardroom.
- 20:16Speaker 3: We would speak off camera and then I would come
- 20:18Speaker 3: on and do something completely different than what I had
- 20:21Speaker 3: just committed to.
- 20:22Speaker 5: She would come out in surprise us. We realized that
- 20:24Speaker 5: we've got to be a little more careful and less
- 20:26Speaker 5: candid in the boardroom.
- 20:29Speaker 3: So this is giving me like a little bit of
- 20:31Speaker 3: shade of like we all made a decision of what
- 20:34Speaker 3: we were going to put in investment wise, and like
- 20:36Speaker 3: she was like, yeah, tell me how your idea, tell
- 20:38Speaker 3: me your idea, that's your idea. Yeah, that's crazy. I'm
- 20:41Speaker 3: thinking the same as you. I'm thinking the same as you.
- 20:43Speaker 3: I like what you're thinking. And then she get out
- 20:45Speaker 3: there and be.
- 20:45Speaker 2: Like I want it all.
- 20:48Speaker 4: Totally totally.
- 20:49Speaker 2: It's kind of unscrupulous.
- 20:51Speaker 4: It's very unscrupulous. It's very unscrupulous.
- 20:54Speaker 2: It was giving like, how can we say that she's untrustworthy?
- 20:57Speaker 2: Like she's cut.
- 21:00Speaker 4: Wrote, she watched the money, that's all she cares about.
- 21:02Speaker 2: Right.
- 21:03Speaker 3: They was all basically saying like, yeah, Christine lying us,
- 21:05Speaker 3: Christine us every day totally.
- 21:08Speaker 2: If Christine talking, you lying mm hmm.
- 21:11Speaker 3: But we love that. We love that. I was like, oh,
- 21:14Speaker 3: I gotta start stepping up, my lie game. No, okay,
- 21:17Speaker 3: So I don't know why if things are working, don't
- 21:20Speaker 3: keep expanding on these things and working on these things.
- 21:23Speaker 2: But clearly she's a serial entrepreneur, which is my loving
- 21:25Speaker 2: title for scammers who have to keep moving into other fields.
- 21:30Speaker 3: So she starts something called Castle with two aids. She
- 21:34Speaker 3: rebranded gwinnibee as Castle. Instead of being a subscription clothing
- 21:39Speaker 3: rental company, it would be the tech that helped existing
- 21:42Speaker 3: brands run their own subscription services. Christine called it clothing
- 21:47Speaker 3: as a service or CAST okay, and that's why she
- 21:52Speaker 3: renamed the business Castle.
- 21:54Speaker 2: Castle was supposed to.
- 21:55Speaker 3: Manage all aspects of the service for retail partners, from
- 21:59Speaker 3: consumer facing web sites to the cleaning and shipping of
- 22:01Speaker 3: garments to custom service. Retailers like Express or Ralph Lauren
- 22:05Speaker 3: would pay Castle a per user, per month fee to
- 22:09Speaker 3: run their rental services. Each retailer would set their own
- 22:13Speaker 3: monthly subscription rate to like from forty nine ninety five
- 22:16Speaker 3: to one hundred and sixty dollars a month for three
- 22:18Speaker 3: or four items. Christine and Castle was like it was
- 22:21Speaker 3: like a high growth private company doing BOFO business for
- 22:26Speaker 3: like Express, Ralph Lauren and Taylor Banana Republic Vince and
- 22:29Speaker 3: they were providing retail rental technology behind the scenes, but
- 22:32Speaker 3: customers would never know Castle was involved.
- 22:36Speaker 2: So basically she realized.
- 22:38Speaker 3: That with gwinny Bee, she had made all the infrastructure
- 22:41Speaker 3: to do this like rental clothing type situation. Then she
- 22:46Speaker 3: was like, well, why am I doing this for one
- 22:47Speaker 3: company when I get my hands up in their my
- 22:49Speaker 3: business and the consumer doesn't even need to know. So
- 22:52Speaker 3: they keep to keep their brand equity and I get
- 22:55Speaker 3: to get my coins. And this kind of reminds me
- 22:57Speaker 3: of like, I don't know if this is a secret,
- 22:59Speaker 3: but you know, when you get styled for an event
- 23:03Speaker 3: or something, sometimes you decide you want to purchase the
- 23:06Speaker 3: look because you like the look and you don't have
- 23:08Speaker 3: it in your closet. But other times there are certain
- 23:10Speaker 3: stores that your stylists can go to pull things for
- 23:13Speaker 3: you to wear, and then they're dry cleaned and they're
- 23:15Speaker 3: returned and you pay a certain percentage of the whole price,
- 23:18Speaker 3: but you don't pay for the whole thing because you're
- 23:20Speaker 3: not going to keep it.
- 23:20Speaker 2: Because sometimes when you photograph something is.
- 23:22Speaker 3: Dead or you know, once some outfits that are so
- 23:25Speaker 3: extravagant that I'm like where am I gonna wear this again?
- 23:27Speaker 4: Yeah?
- 23:28Speaker 3: Yeah, yeah, So it's like that, but for the average
- 23:31Speaker 3: everyday consumer, which I think is pretty cool, and I
- 23:34Speaker 3: think that saves on waste.
- 23:35Speaker 5: Yeah, and it's it's better in the long run. So
- 23:38Speaker 5: then fast fashion just becomes actually just slow fashion. Everybody's fashion,
- 23:42Speaker 5: so you know, it doesn't have that like disposability factor.
- 23:46Speaker 5: If there's like a bunch of different people wearing it
- 23:48Speaker 5: per season. I think it's a good idea.
- 23:50Speaker 4: I mean for like just the climate change of it all.
- 23:55Speaker 3: Yeah, so it does end up in a landfill or
- 23:57Speaker 3: on a barge or you know, some positive aspects to Yeah,
- 24:00Speaker 3: tied up as.
- 24:00Speaker 2: A fashion nova in the ocean, like.
- 24:02Speaker 3: Yeah, now the seals are tied.
- 24:06Speaker 2: To win te Okay, No, they don't want to do
- 24:09Speaker 2: it no more.
- 24:10Speaker 6: Bob.
- 24:15Speaker 3: Run So her revenue projections for twenty four or twenty
- 24:19Speaker 3: twenty four and twenty twenty five were seven hundred and
- 24:21Speaker 3: ninety three million and one billion dollars, and she said
- 24:26Speaker 3: that clothing as a service, like as a company, had
- 24:29Speaker 3: hundreds of millions in cash on hand as of the
- 24:31Speaker 3: mid like twenty twenty fours. So these kinds of numbers
- 24:35Speaker 3: got her a three hundred and fifty million dollar venture
- 24:37Speaker 3: capital like investment from you know VC's including Peter Teal,
- 24:44Speaker 3: you know, notorious great guy Peter Teal who says, who
- 24:49Speaker 3: says that, I'm not sure we need humanity no more.
- 24:51Speaker 4: We'll god, oh, I'm not sure we don't need miss Peter.
- 24:54Speaker 3: Till she needs to go, Like if we made so
- 24:57Speaker 3: sick of her, you sor why you lead the way
- 25:00Speaker 3: Peter's in the end of you start and.
- 25:03Speaker 2: Then we're gonna come after you. We're gonna be in line.
- 25:05Speaker 2: We gon be in line, but you jump first, and
- 25:07Speaker 2: then we gonna. Yeah.
- 25:09Speaker 3: Elon's friend of me and backer of the Steroid Olympics,
- 25:13Speaker 3: which we've covered on this show.
- 25:15Speaker 2: But you know, getting this money. Christine was lying.
- 25:19Speaker 3: So now that I know where the money is coming from,
- 25:25Speaker 3: it's fine. So, according to a number of losses that
- 25:29Speaker 3: led to bankruptcy and probably the demise of the whole company, Castle,
- 25:34Speaker 3: Christine led investors or Christine lied to investors from February
- 25:38Speaker 3: twenty nineteen up until now, the company was actually not
- 25:42Speaker 3: working and she just pretended that it was.
- 25:44Speaker 2: I mean a lot of companies do that.
- 25:46Speaker 3: Yeah, yeah, Like do we think Arby's is really working.
- 25:49Speaker 3: Who's who's going to Arby's?
- 25:51Speaker 2: Is it a drug?
- 25:51Speaker 6: Friend?
- 25:52Speaker 5: People who love write roast beef, But I think, you
- 25:55Speaker 5: know it's I think roast beef is not really working either.
- 25:57Speaker 5: I mean, who's really going to dying on a rough beef?
- 26:01Speaker 4: Hell?
- 26:01Speaker 2: I mean, I don't know who is roast beef every
- 26:04Speaker 2: day with their homegirls?
- 26:06Speaker 4: Yeah, I don't know.
- 26:08Speaker 3: Yeah, you're right, the roast beef industry and RB's like,
- 26:10Speaker 3: what kind of clusion y'all got going on?
- 26:11Speaker 2: What are y'all transferring in that beef?
- 26:14Speaker 3: Yes, because you know, the FDA ain't opening that beef
- 26:16Speaker 3: of trying to get a taste. What kind of drugs
- 26:18Speaker 3: are y'all smuggling into the country?
- 26:21Speaker 2: We know.
- 26:22Speaker 3: So she gave these investors falsely inflated income statements, fake
- 26:27Speaker 3: audited financial statements, fictitious bank account records, and sham corporate records,
- 26:32Speaker 3: which I think is pretty interesting that you could do
- 26:34Speaker 3: that up until today, because that's like an old school
- 26:36Speaker 3: branding made off where they were literally cooking the books.
- 26:39Speaker 4: Yeah, that's incredible.
- 26:40Speaker 3: So she was doing sham bank statements in the twenty twenties.
- 26:44Speaker 4: Yeah, that's pretty bold.
- 26:45Speaker 3: Props She told one investor in August of twenty twenty
- 26:49Speaker 3: three that Castle reported an operating profit of nearly twenty
- 26:52Speaker 3: four million dollars in the second quarter of twenty twenty three,
- 26:55Speaker 3: when it's operating.
- 26:56Speaker 2: Profit in that quarter was actually less than thirty thousand dollars.
- 27:00Speaker 5: Oh wow for the year overall, Oh my god, the
- 27:05Speaker 5: company was operating at a loss of.
- 27:07Speaker 2: Eighty million dollars at a loss in the like Girl
- 27:13Speaker 2: the livees.
- 27:14Speaker 3: One fake bank account screenshot which Christine showed an investor
- 27:18Speaker 3: showed that Castle had nearly two hundred million dollars in
- 27:21Speaker 3: available cash at the time they actually had.
- 27:25Speaker 2: Less than two hundred thousand dollars.
- 27:27Speaker 4: Uh huh.
- 27:27Speaker 2: So she was just like, add some zeros to that, just.
- 27:30Speaker 4: Add that's all she did.
- 27:31Speaker 5: Not even that really creative. She just added a couple
- 27:34Speaker 5: of zeros. That's so great.
- 27:35Speaker 3: It really is is now I think about FALSI find
- 27:37Speaker 3: a bank statement if everything else looks agend.
- 27:39Speaker 2: All you did was just going there and add one
- 27:41Speaker 2: little zero.
- 27:42Speaker 4: That's all.
- 27:43Speaker 3: Move a move a comma out easy, classy, classy. So
- 27:49Speaker 3: fake financial supported Christine's story that Castle was about to
- 27:52Speaker 3: go public and get bought by a bigger company.
- 27:55Speaker 2: In twenty twenty three, she.
- 27:56Speaker 3: Was confronted over providing an investor with a fake audit,
- 28:00Speaker 3: and she claimed it was a one time error. You
- 28:02Speaker 3: know how that one time you give somebody a fake audit,
- 28:06Speaker 3: everybody made some misteakes.
- 28:08Speaker 4: You know, it happens.
- 28:09Speaker 3: Yeah, one time you give them a fake audit and
- 28:11Speaker 3: you're like oop swooped.
- 28:13Speaker 2: The doo, and then it's gonna be real the next time.
- 28:16Speaker 4: Yeah. Yeah.
- 28:18Speaker 3: So in twenty twenty four, she forged a board director's
- 28:21Speaker 3: signature to raise more than twenty million dollars for the company.
- 28:24Speaker 3: So now she's forging signatures. I mean, maybe all these
- 28:27Speaker 3: side quests that she took are really payd off. I
- 28:29Speaker 3: don't know where the medieval studies is happening, but maybe
- 28:32Speaker 3: it's like in subterfuge.
- 28:33Speaker 5: Or just like adding maybe they did that in the
- 28:36Speaker 5: the Middle like ages is just add zeros.
- 28:39Speaker 4: Did they have zeros then? But they just got mad?
- 28:41Speaker 2: No, they they have zeros. They have zeros then? Yeah,
- 28:44Speaker 2: So that's how she learned how to.
- 28:46Speaker 3: Like fuck with the coffers and you know, make it
- 28:49Speaker 3: seem like the king had coin when the king was broke.
- 28:52Speaker 3: So she made more than two hundred and seventy five
- 28:55Speaker 3: million dollars from misinformed investments before forming another company called
- 29:00Speaker 3: P one eighty in twenty twenty four. But P one
- 29:03Speaker 3: eighty only existed to infuse Castle with more cash before
- 29:06Speaker 3: its investors couldn't discover the fraud. So she was like,
- 29:10Speaker 3: y'all get involved in P one eighty, this is my
- 29:12Speaker 3: new thing, and then she was basically.
- 29:14Speaker 2: Robing Peter to pay Paul.
- 29:16Speaker 3: Okay, I don't even know what P one eighty does,
- 29:19Speaker 3: but it does sound like they're gonna turn it around.
- 29:21Speaker 4: Sounds like that.
- 29:22Speaker 5: That really hard workout, remember that hard work X Yeah,
- 29:27Speaker 5: I thought that's what it was.
- 29:30Speaker 2: Really hard. It was hard as fun is that Sean?
- 29:33Speaker 4: Oh, Sean, it was u There was also insanity. It
- 29:36Speaker 4: was similar to insanity.
- 29:38Speaker 3: Very insanity. One of them was Sean King or what
- 29:42Speaker 3: was his name, Sean something like that.
- 29:43Speaker 2: Shawnte. My favorite thing about Shawnte with Shauncey was very gay.
- 29:49Speaker 3: But Shanty wanted to keep his market and so I
- 29:53Speaker 3: think he thought he had some pretensively straight But it
- 29:55Speaker 3: was so funny because because we knew he was gay.
- 30:00Speaker 4: Yeah, you could just see it, you could feel it.
- 30:02Speaker 3: But he will always be trying to play off his
- 30:04Speaker 3: heterosexuality while he was working with oh ye ladies, and
- 30:10Speaker 3: I was.
- 30:10Speaker 2: Like, Sean, they're so cute.
- 30:13Speaker 4: I love them.
- 30:15Speaker 2: Everybody knows you're gay. The man, the women, we don't care.
- 30:18Speaker 2: The workout is killing fring. It's great.
- 30:20Speaker 4: It was a hard workout.
- 30:21Speaker 3: It was hard as hell, and honestly, like I feel
- 30:24Speaker 3: like even straight men know that if you really want
- 30:26Speaker 3: that great gym body, your your instructor is going to
- 30:28Speaker 3: be a gay man.
- 30:30Speaker 4: Yes, you have to, you have to go to the
- 30:32Speaker 4: homosexual world.
- 30:34Speaker 2: Yes, because they take the body seriously.
- 30:36Speaker 4: That's right, That's right.
- 30:38Speaker 1: Yes. So.
- 30:40Speaker 3: Brendan Hoffman was a seasoned fashion executive who previously led
- 30:44Speaker 3: companies like Vince and Wolverine worldwide. He launched the company
- 30:49Speaker 3: P one eight inspired by a meeting with Christine. She
- 30:52Speaker 3: told him Castle was a thriving business with a subscriber
- 30:55Speaker 3: base in the hundreds of thousands, proprietary technology, and reported
- 30:59Speaker 3: one point four billion dollars in like evaluation. So, after
- 31:03Speaker 3: Brendan formed the company and gave Castle a twenty five
- 31:06Speaker 3: percent stake in it, he noticed unauthorized fun transfers from
- 31:10Speaker 3: its bank accounts, including one point four million dollars and
- 31:14Speaker 3: five hundred thousand dollars was drawn in June of twenty
- 31:16Speaker 3: twenty four. Then nine hundred fifty thousand dollars and four
- 31:20Speaker 3: hundred fifty thousand dollars was drawn in July of twenty
- 31:22Speaker 3: twenty four, and two transfers totaling one point three million
- 31:26Speaker 3: dollars wired to Christine's personal account in January of twenty
- 31:29Speaker 3: twenty five. She was using the money to cover losses
- 31:31Speaker 3: and make it look like her company still had money
- 31:34Speaker 3: to spend. So the Brendan guy who came in and
- 31:38Speaker 3: he was the one who developed this P one eighty
- 31:40Speaker 3: inspired by Christine, he was like, Okay, I'm gonna give
- 31:43Speaker 3: you all this coin. We're gonna open his bank account.
- 31:44Speaker 3: Christine was like, thank you so much. This is salt wonderful, Brandon. Now,
- 31:48Speaker 3: don't you don't need to look at the bank accounts
- 31:49Speaker 3: no more? Because ma'am, what do you mean you took
- 31:55Speaker 3: one point You took one point four million dollars and
- 31:59Speaker 3: five one hundred thousand dollars in June. Then in July
- 32:04Speaker 3: of that same year, you took nine hundred fifty thousand
- 32:07Speaker 3: dollars and four hundred fifty thousand dollars you took. You
- 32:10Speaker 3: took all that money in two months and thought he
- 32:12Speaker 3: wasn't gonna notice.
- 32:14Speaker 4: Yeah.
- 32:14Speaker 2: Yeah, And then by.
- 32:15Speaker 3: January twenty twenty five year it took another one point
- 32:17Speaker 3: three million, and you just thought he wasn't gonna notice.
- 32:20Speaker 2: No, No, Like what Christine was bold as hell.
- 32:24Speaker 5: Well, it's less than she's been taking from everybody else, Like,
- 32:27Speaker 5: it's actually less. So it does seem like a little
- 32:29Speaker 5: bit to her.
- 32:30Speaker 3: That's true, because yeah, you're right in the grand scheme,
- 32:33Speaker 3: like three hundred and fifty million.
- 32:34Speaker 2: If I'm working with three hundred fifty million, then I'm
- 32:36Speaker 2: like one point four.
- 32:37Speaker 3: That's like a little that's like it's like fourteen.
- 32:41Speaker 4: It's like a change that falls in between the couch cushions.
- 32:44Speaker 4: It's really not that much.
- 32:45Speaker 3: Yeah, you're not gonna notice one point four. No, you're
- 32:47Speaker 3: not gonna notice two pointson, you know what I mean. Like,
- 32:50Speaker 3: so this is the long process of her getting kicked out.
- 32:53Speaker 3: We're getting to her getting caught in her getting outs. Also,
- 32:55Speaker 3: can we just stop for a second and look at Brendan.
- 32:58Speaker 3: He was the one who created P one eighty.
- 33:00Speaker 2: Brendan.
- 33:01Speaker 3: He kind of gives me like rube vibes. Like remember,
- 33:04Speaker 3: Christine's got the poker face, right, yes, yes, this guy,
- 33:08Speaker 3: see he has the opposite of a poker face.
- 33:11Speaker 5: Yeah, he's definitely you know, he's got a lot of
- 33:14Speaker 5: people going, hey, you know what you're late for golf?
- 33:17Speaker 5: I thought you were going to meet me on the
- 33:18Speaker 5: golf course. He's got a lot of people like that
- 33:20Speaker 5: in his dams and on his phone.
- 33:22Speaker 3: He's got yeah, he's got like please like me face.
- 33:25Speaker 3: He's got like, yeah, I got money from Daddy and
- 33:29Speaker 3: I'm trying to be a big businessman and so I'm
- 33:33Speaker 3: in tech.
- 33:33Speaker 2: But like clearly not his gifts.
- 33:36Speaker 3: Like there's no way that I believe this man made
- 33:38Speaker 3: all his money on his own, Like he's not a bootstrapper,
- 33:41Speaker 3: Like he's trying to keep up with He's like the
- 33:44Speaker 3: he's like reminding me from like a was it who
- 33:47Speaker 3: is the brother in secession? The older one who kept
- 33:49Speaker 3: trying to run for president and shit, Oh yeah, yeah,
- 33:54Speaker 3: he's got that of just like he's spending Daddy's money
- 33:57Speaker 3: and trying to be a big successful man.
- 34:01Speaker 2: Oh what a rube.
- 34:03Speaker 3: So the long process of getting kicked out, So Christine
- 34:07Speaker 3: in late twenty twenty four, a money manager who worked
- 34:09Speaker 3: at Castle that worked for like an investor at Castle,
- 34:14Speaker 3: tried to double check the company's past audits and wasn't
- 34:17Speaker 3: able to not a four h four.
- 34:19Speaker 2: Clicked on the page and was like not found.
- 34:21Speaker 4: Oh.
- 34:22Speaker 3: He started asking more questions and brought it to the
- 34:25Speaker 3: company's board of directors. The board included John Hennessy, the
- 34:29Speaker 3: former president of Stanford University and a current director of
- 34:34Speaker 3: Google parent company Alphabet. Soon after, Hennessy quietly quit the
- 34:39Speaker 3: board and was replaced. So Hennessy is said, so I
- 34:42Speaker 3: ain't right. And there's nothing worse to a rich person
- 34:47Speaker 3: than realizing that they're not as smart as they thought
- 34:49Speaker 3: they were, and that you can get rich without necessarily
- 34:51Speaker 3: being the most highly intelligent person. So instead of Hennessy
- 34:55Speaker 3: being like, here's been stroll a lot of money.
- 34:57Speaker 2: Just money, he was like, I'm going to back to
- 35:03Speaker 2: Saint Barts. I go like to just blow the whistle
- 35:06Speaker 2: because he don't want to be ashamed.
- 35:08Speaker 4: Yeah.
- 35:09Speaker 3: So sometime during this transition, an investigation was launched and
- 35:13Speaker 3: Christine apparently admitted to the board which she had done.
- 35:16Speaker 3: She said, Okay, look I've been running at a little
- 35:18Speaker 3: little Ponzi, just like a tiny Charles, you know. And
- 35:22Speaker 3: so investors were never told about the board transition, the investigation,
- 35:29Speaker 3: or the fraud. So she told the board, Hey, this
- 35:32Speaker 3: is what I did. I've been stealing, I've been robbing,
- 35:35Speaker 3: and I've been you know, crying, and they're like, Okay,
- 35:37Speaker 3: let's keep this on their hush. Let's not tell any
- 35:39Speaker 3: of the investors. Honestly, I'm on board. We don't need
- 35:41Speaker 3: to warn Peter Teal. No, now we need Peter off
- 35:44Speaker 3: the planet.
- 35:45Speaker 2: Okay.
- 35:46Speaker 3: Yeah, So many of these board members did hear from Christine,
- 35:49Speaker 3: who somehow still had her job and was still asking
- 35:52Speaker 3: them for more money. So she was like, oh, what
- 35:54Speaker 3: is I still work here? Can I have some more money?
- 35:57Speaker 5: The audacity, it's really amazing. It's amazing, Like, what would.
- 36:01Speaker 2: You do in the situation if you're caught you say
- 36:04Speaker 2: I did it?
- 36:05Speaker 4: I would say at this point, I would say I did.
- 36:07Speaker 5: Look, I I made a mistake and I did it,
- 36:10Speaker 5: and what can I do to make it right? Instead
- 36:13Speaker 5: of oh, can I have some more money? Like that
- 36:15Speaker 5: is where you show your whiteness, Like that's really that's
- 36:18Speaker 5: mighty white of.
- 36:19Speaker 3: Her mighty white. Yeah, it's pretty palm going. But yeah,
- 36:23Speaker 3: so maybe she was trying to get that money to
- 36:25Speaker 3: make it right.
- 36:25Speaker 2: Maybe she was.
- 36:26Speaker 5: Still maybe maybe that's true, that's true, But how do
- 36:30Speaker 5: you make it right at that point like that?
- 36:31Speaker 4: I mean it's like, really, when are you.
- 36:34Speaker 2: Gonna come up with three hundred fifty? You need more
- 36:36Speaker 2: than that?
- 36:36Speaker 4: Actually yeah, yeah, I mean it's giving me.
- 36:39Speaker 3: Like a gambling mentality, you know, like when people lose
- 36:42Speaker 3: a lot of money that keeps.
- 36:43Speaker 2: Going to the ACM because they're like, I just had
- 36:45Speaker 2: a kid.
- 36:46Speaker 4: I know.
- 36:47Speaker 5: Maybe that's what got her into this, the the adrenaline
- 36:50Speaker 5: of like, okay, keeping it all like going, like keeping
- 36:54Speaker 5: the bruise going.
- 36:55Speaker 3: Because she had a successful company with Winnie Winnipu.
- 36:59Speaker 4: What did I She didn't know she had been successful.
- 37:03Speaker 5: And she sort of identifies as successful too, like that's
- 37:06Speaker 5: her identity, you know, And so that's why she thinks
- 37:09Speaker 5: that this is possible.
- 37:11Speaker 3: And I bet you being in those types of rooms
- 37:14Speaker 3: and like everyone's looking for their own type of currency
- 37:18Speaker 3: when it comes to power. So let's say you don't
- 37:20Speaker 3: have a lot of money, you can be very religious
- 37:22Speaker 3: and piety can give you power.
- 37:25Speaker 4: You know.
- 37:25Speaker 3: Let's say you're you also don't have a lot of money,
- 37:27Speaker 3: but you're very beautiful.
- 37:28Speaker 2: Being beautiful can give you tons of currency.
- 37:31Speaker 3: In this world, Let's say you kind of fugly, but
- 37:33Speaker 3: you own a fortune five hundred. You know, there's rooms
- 37:36Speaker 3: that you're gonna walk into and they're like, oh, chip, oh,
- 37:38Speaker 3: they're gonna ship all bay all.
- 37:40Speaker 2: Back, you know.
- 37:40Speaker 3: Like so I feel like in the fashion industry, like
- 37:45Speaker 3: no shade. But she wasn't gonna be given all that.
- 37:47Speaker 3: That's why she was on the fashion for the behind.
- 37:49Speaker 2: The scenes people.
- 37:51Speaker 3: But in this world, like they don't care what you
- 37:54Speaker 3: look like. It's like, how much money do you have?
- 37:56Speaker 3: What's your you know dat? Racial, I don't know what
- 37:59Speaker 3: you're hy like?
- 38:00Speaker 2: These are their.
- 38:00Speaker 3: Turn onwards and so yeah, and you know another in
- 38:03Speaker 3: other lanes, it's like what are your follower accounts? And
- 38:05Speaker 3: that's your power those spaces. So I could see her
- 38:08Speaker 3: being addicted to.
- 38:09Speaker 2: That, of course, of course, but you know, so she
- 38:12Speaker 2: asked us for a woman stand bit.
- 38:14Speaker 3: Christine was forced to resign from Castle's board in December
- 38:17Speaker 3: twenty twenty four and formally resigned as chief executive in
- 38:20Speaker 3: March of twenty twenty five. That's when the company finally
- 38:23Speaker 3: told shareholders what was going on. I find it quite
- 38:26Speaker 3: interesting that they let her resign before they told the shareholders,
- 38:28Speaker 3: because it seems like Christine would be an excellent scapegoat
- 38:31Speaker 3: for all of this.
- 38:31Speaker 5: Right, Well, she used to blame for all of this.
- 38:33Speaker 5: I mean she you know, that's who should they should
- 38:35Speaker 5: bring in. I mean that's who they should blame because
- 38:37Speaker 5: it is her fault.
- 38:38Speaker 2: Yeah, but what does she have on them? Because I've
- 38:40Speaker 2: never seen men not throw a woman under the bus.
- 38:43Speaker 4: Yeah, that'll do it for that the fun Yeah, for sure,
- 38:46Speaker 4: for sure.
- 38:47Speaker 2: Oh, I'll just I tripped the lady and threw under
- 38:48Speaker 2: the bus this morning.
- 38:49Speaker 3: Now I don't know her, and the just ah, No,
- 38:51Speaker 3: she was a lady, like God, can't they just.
- 38:54Speaker 2: Let her go like this?
- 38:55Speaker 3: So Castle filed for Chapter seven bankruptcy in June of
- 38:58Speaker 3: twenty twenty five, leaving investors with worthless shares. Oh look
- 39:03Speaker 3: at her, Oh looking shame that whatever she was doing,
- 39:06Speaker 3: all this crime really.
- 39:07Speaker 2: Sucked the life out of her. Because Christinea look like
- 39:09Speaker 2: she used to.
- 39:10Speaker 4: No, she doesn't look like a stock photo anymore.
- 39:13Speaker 5: No, she was all just yeah, sad, bummed, She looks stressed.
- 39:18Speaker 2: She look like she was stressed in every day. She looked.
- 39:21Speaker 2: She'd bite her nails in her sleep. She wake up screaming. Yes,
- 39:25Speaker 2: that's how she wake up everyone. I need some coffee.
- 39:29Speaker 2: It's just the norm.
- 39:31Speaker 3: So she's been charged with fraud, aggravated identity theft, and
- 39:36Speaker 3: false statements. If you don't know what aggravated identity theft is,
- 39:39Speaker 3: it's one of my favorite terms. It's like basically when like,
- 39:42Speaker 3: remember she forged some board member signatures and stuff, right,
- 39:45Speaker 3: that's the aggravated identity theft.
- 39:47Speaker 4: Okay.
- 39:47Speaker 2: And so she was released.
- 39:49Speaker 3: On a million dollars bail after pleading not guilty to
- 39:52Speaker 3: scamming investors out of three hundred million dollars in what
- 39:55Speaker 3: would be one of the biggest startup frauds of all time.
- 39:58Speaker 3: As a condition of her bail, well, she is not
- 40:00Speaker 3: allowed to contact any former employees or investors. Now they
- 40:05Speaker 3: do say any former They didn't say she couldn't start
- 40:08Speaker 3: up a new tech company, did she?
- 40:11Speaker 2: I don't know? That is That is as much as
- 40:14Speaker 2: we have so far.
- 40:14Speaker 3: This is an ongoing case. So she has not been
- 40:17Speaker 3: sentenced or charged. You know, Okay, she's been calling charge.
- 40:20Speaker 3: She hasn't been sentenced rything yet, So she's currently out
- 40:23Speaker 3: on bail and I don't know what she's doing. They
- 40:24Speaker 3: should have said, sh she can't have no access to
- 40:26Speaker 3: Wi Fi because clearly the internet is well just laid
- 40:28Speaker 3: against in trouble.
- 40:30Speaker 4: Right right. I don't know. I wonder what happens, Like,
- 40:33Speaker 4: you know, she gonna go to prison.
- 40:34Speaker 2: We'll see.
- 40:35Speaker 3: I mean, honestly, I don't want her to go to
- 40:39Speaker 3: prison just because of the people that she stole from.
- 40:43Speaker 4: Peter Tielken's Yeah, who cares.
- 40:47Speaker 2: Employees, the furloughed and princes. I feel bad for them.
- 40:49Speaker 3: I hope they got a good little cute little check
- 40:51Speaker 3: while they could. But everybody else, Yeah, then get in
- 40:54Speaker 3: the bin.
- 40:55Speaker 4: Yeah.
- 40:55Speaker 3: Where would you rate the scam as far as like
- 40:58Speaker 3: ethical unethical?
- 41:00Speaker 2: Do you like Christine?
- 41:01Speaker 4: I kind of like her. I kind of like her.
- 41:03Speaker 4: I like her the same way that I like Elizabeth.
- 41:06Speaker 5: Holmes, Like I'm like, you know what, the amount of lying,
- 41:11Speaker 5: you know, the people you're getting money from, all those things,
- 41:14Speaker 5: Like I agree with the people that she's ripping off, Like, yeah,
- 41:17Speaker 5: they deserve it.
- 41:18Speaker 4: And also.
- 41:21Speaker 5: You know, it is the the sheer audacity is kind
- 41:23Speaker 5: of a wonder, Like it's just It's pretty amazing how
- 41:27Speaker 5: much we'll uh empower the liars because we want to believe,
- 41:33Speaker 5: you know, we just are.
- 41:35Speaker 4: We have an addiction to believing, you.
- 41:37Speaker 2: Know, we really do.
- 41:38Speaker 3: I Mean, the one thing I will say about Eizabeth
- 41:40Speaker 3: Holmes is this was buried a lot, is that she
- 41:42Speaker 3: did try to run some of those like tiny thing
- 41:43Speaker 3: blood tests on real cancer patients, and that's me was
- 41:46Speaker 3: so fucked up. And they did not get new justice
- 41:47Speaker 3: or any money. So that's the only reason that I'm like,
- 41:50Speaker 3: fuck her. But everything else you do with the investors
- 41:52Speaker 3: and the Black Turtle next, I'm like, right, House is
- 41:54Speaker 3: like that's.
- 41:57Speaker 5: Fun Yeah, she totally hate that. It's really funny. Like
- 42:01Speaker 5: it's like, yeah, that's totally fine.
- 42:03Speaker 3: But seeing that people want to believe, I think that
- 42:04Speaker 3: is so beautiful because I see that every single day.
- 42:08Speaker 3: It's like, we form these parasocial relationships. And I joke
- 42:11Speaker 3: about that all the time with this podcast because I
- 42:12Speaker 3: want you to form a pa of social relationship.
- 42:14Speaker 4: Me.
- 42:14Speaker 2: Now, I'm sure about my house, I'm gone, you know, yeah,
- 42:18Speaker 2: but we.
- 42:18Speaker 3: Could be besties on the phone, Like we can chat
- 42:21Speaker 3: while you're on your drive. What I'm talking about right now, Girl, Yeah,
- 42:24Speaker 3: traffic is crazy right now.
- 42:25Speaker 2: I in it.
- 42:26Speaker 3: Oh, I know, I know, what's your baby knowing one
- 42:29Speaker 3: put the podcast on the one room for the baby
- 42:30Speaker 3: to listen to, and they put it on another rooms
- 42:32Speaker 3: like there's most streams.
- 42:34Speaker 4: Yeah, that's so cute.
- 42:36Speaker 2: That's cute. That kind of thing, I understand. But I'm
- 42:39Speaker 2: very honest about it.
- 42:39Speaker 3: But I feel like with celebrities and celebrity culture, we
- 42:42Speaker 3: get to this place where we have invested kind of
- 42:45Speaker 3: a little bit of our personalities into these people, and
- 42:48Speaker 3: so when they start doing something that is inappropriate or wrong,
- 42:51Speaker 3: it's very hard for us to believe it. I mean
- 42:54Speaker 3: in business, especially, like you can say the same thing.
- 42:56Speaker 3: It's like, I want to believe that this is going
- 42:58Speaker 3: to be the next big company. I want to believe
- 43:00Speaker 3: that I'm invested in the next bigcoin. I want to
- 43:01Speaker 3: believe that I'm on the ground floor of something because
- 43:03Speaker 3: I want to, you know, have that success.
- 43:07Speaker 2: So yeah, I'm gonna say, Christine, girl, all.
- 43:10Speaker 3: Your side, and I know you were indicted and we're waiting.
- 43:14Speaker 3: We're waiting for this trial because I need to see
- 43:17Speaker 3: but I'm praying for you. I hope that you don't
- 43:19Speaker 3: have to go to a white collar jail because I
- 43:22Speaker 3: don't want to see you in there to play tennis
- 43:24Speaker 3: with Lizzie. I want to see you free just because
- 43:26Speaker 3: you scam Peter Cheele like, I don't know that's Robinhood.
- 43:29Speaker 5: And that Yeah, I think that is Robin Hood. Yeah,
- 43:31Speaker 5: good for her, good for her?
- 43:32Speaker 3: Yes, all right, Well we always ask at the end
- 43:35Speaker 3: of this podcast, Margaret, where would you like people to
- 43:39Speaker 3: find you?
- 43:40Speaker 2: Social media? Obviously your tour, like, let the girls.
- 43:42Speaker 4: Know people can find me.
- 43:45Speaker 5: I'm on tour and you can get tickets on Margaret
- 43:47Speaker 5: Show dot com. I'm on Instagram at Margaret Underscore Show,
- 43:51Speaker 5: and I'm on TikTok at the Margaret Show.
- 43:54Speaker 3: Yes, and y'all, I'm also going on tour with Live Nations,
- 43:57Speaker 3: so you can get those six some Live Nation dot
- 43:58Speaker 3: Com at Scam Goddess starting in the spring. And then yeah,
- 44:03Speaker 3: watch my TV show Scam I salon Hulu right now, y'all.
- 44:07Speaker 3: And then the book Scam got It. You can get
- 44:08Speaker 3: it on audio, you can get a paper or hardcover.
- 44:11Speaker 3: And then that's where I be plugging everything going Dutch.
- 44:14Speaker 2: Yes, on Fox.
- 44:16Speaker 3: You can watch that Thursdays, nine thirty U Pacific.
- 44:22Speaker 2: I should know these things.
- 44:23Speaker 3: But yeah, going Dutch on Fox where I also kind
- 44:25Speaker 3: of play with cameras, So get into the things in congregation.
- 44:28Speaker 3: I want you to get out there and I want
- 44:29Speaker 3: you to stay. Don't stop, Christina, Okay, hold on to
- 44:35Speaker 3: that scheming.
- 44:36Speaker 4: Yeah, Beautiful.
- 44:39Speaker 3: Bank Goddess, bang Fried, fuck Peter two, Scam Goddess, Scam
- 44:50Speaker 3: got his Stars and it's hosted by me Lacy Mosley
- 44:53Speaker 3: aka Scam Goddess.
- 44:55Speaker 2: Our producer is Jessica sis Neros, and our audio engineer
- 44:59Speaker 2: is Rich Garcia.
- 45:00Speaker 3: Research for the show is conducted by Kate Doyle Stay
- 45:03Speaker 3: schemin