Society & Culture

The $160M Fraud, Crypto's Old Playbook, and Real Value Capture

Drowning Verdict by Chip Mahoney & Big Pond

Apr 13, 202600:26:02Society & Culture

A Long Island financial advisor just pleaded guilty to stealing $160 million from his own clients — many of them elderly New Yorkers — and funneling it into his son's drive-through coffee startup. But this isn't just a c...

About This Episode

The $160M Fraud, Crypto's Old Playbook, and Real Value Capture is an episode from Drowning Verdict by Chip Mahoney & Big Pond. A Long Island financial advisor just pleaded guilty to stealing $160 million from his own clients — many of them...

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Published Apr 13, 2026, 00:26:02 long, audio available.

The $160M Fraud, Crypto's Old Playbook, and Real Value Capture

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