There's a lot to it but the title explains it all. Mainly this is a review of how the same person, a nefarious figure, has pulled the wool over the public's eye twice when it comes to introducing a sociopath one need not know about ever, and from that rosy character piece the nefarious man had written and gone on the media circuits to publicize into the mass mainstream media – billions of dollars began to flow to the character and their fraudulent business empires for years, long enough for anyone to forget about the one who first brought these criminals into our mainstream media and worlds as investors, crypto enthusiasts, or purely regular consumers of financial news and journalism.
This isn't a witch hunt, this is what happened – twice, because of the same journalist/lawyer.
I just want to accomplish two things. Put this lawyer/writer for hire on the map as a type of person who begins the public introduction and ensuing mania and investment madness into a fraud and their scheme. Second, I hope you take a look at this situation many haven't taken the time to cover as simple as it is so your own research and investing isn't swayed by people like this once you know how to spot the patterns of such cycles. They are not usually just the same cyclical patterns before the crash and burn, everyone who invested not knowing better left broke in the case of SBF and Holmes. What's so utterly damning is that the process of bringing the fake genius legend and fake backstory and fake altruistic visionary personas into the public eye was done by the SAME EXACT PERSON – the journalist/former editor-at-large/and career lawyer, Roger Parloff. What a guy.
The funny thing about Roger Parloff is the articles I'm about to share with you served the exact same purpose for both Holmes and SBF – to perpetuate fraud as the new to the scene genius innovator CEO about to change the world of (insert industry with BS promises). But even though Parloff never is vocal about what he did for SBF, his Twitter filtering is lax to say the least.
Roger Parloff – only apologetic about Holmes, Silent on SBF
Good thing he's bad at covering Twitter tracks…
https://twitter.com/real777mellon/status/1709084607226822892/photo/1
Why post this here? Well, recognizing a fraud is usually a bit harder from media hype stories alone in real time. However; this guy had the nerve to do it twice. I remember the first time reading in depth about “SBF” in August 2021 after his rise from obscurity in just 2 short years and I couldn't help but laugh and think — do people who read this puff piece on the next Jesus Christ of Crypto truly believe such an obvious puff piece? It was written by Roger Parloff on Yahoo Finance, a place a lot of people go for news — and it was right there for all to see on the days feature news. It was an incredibly long character profile piece of SBF, his family, effective altruism (bs), quotes that were intended to make same smarter than us, the great thinker and philosopher. All in all, a garbage read, leading me to tweet by 2022 that the guy was a fraud, he would fail, and he had done nothing in crypto besides appear on news media, mingle with celebs, plaster FTX on every stadium and umpires chest while money flowed in from retail to crypto, and seamingly circulated throughout crypto — which later we just were made aware it was all VC funds, PE loaned money in cheap interest rate borrowing days, and alas 2022 brought it down.
The guy introduced Elizabeth Holmes to the world while writing with Fortune Magazine in the mid-2010's.
New blood – Fortune (archive.org) June 30, 2014 – Roger Parloff was then editor-at-large for Fortune…
Interesting enough, Parloff weaseled out of the fact his 2014 article got Holmes massive $100+ Million in investments from wealthy families, and he claims he was “misled” in his garbage 2015 retraction article after the damage was done. In 2021, he was even called to testify in the Holmes/Theranos scandal criminal trial and handed over recordings, notes, etc from his time interviewing and introducing Holmes to those who would invest billions in Holmes – due to his rosy and praiseworthy article from 2014. Highlighted is how this work. Article thrusts the next genius CEO and innovator corporate revolution into the spotlight – massive wealth is doled out by what those wealthy folks read — but the writer who wrote the character piece and spurred the fraud to new heights of wealth through deception? He's just misled…
https://twitter.com/real777mellon/status/1709084841155629406/photo/1
I never expect Roger Parloff to go to jail. I never expect him to not cover his butt like he did with Holmes and weasel out even though the damage is done and began in part with his character pieces of two Stanford-linked people and their schemes which held no merit other than that they had the media all over them after Parloff's pieces on each of them.
In fact, the pattern of Parloff and Holmes was exactly what happened 7 years later on Yahoo Finance and if that wasn't enough, a video about the piece in the same week on Twitter on Yahoo Finance's twitter page interviewing Parloff about Sam-Bankman Fried. Just go search for Parloff and Sam-Bankman Fried. It is up to this day.
Like SBF's long, Parloff intro of the newest god wunderkind among us, the Holmes piece led to Theranos getting billions in investors' money for a product promised that never worked. This is what Parloff's puff pieces of the God founder paint a picture for, to explain genius and peculiar bullshit about Holmes in Fortune to trick investors into how investment-worthy she was as the next big bet of outsider, college dropout, revolutionary thinking geniuses. Nothing but “awe of the genius” and the one who had all the typical manipulations of appearance and backstory that made us thing, wow a dropout that wears Job's like turtlenecks. Just like the shaggy slob who sat on stage next to his paid speakers Bill Clinton and Tony Blair for the photo op that many would see and get baited into 2022 FTX and FTX.US investing culminating in Crypto Super Bowl mania 2022.
Then the FED happened. Interest rates made borrowing money more expensive. Everything fell to shit. That was it.
So what's my point on Parloff. Everyone of these last major frauds of the genius from Stanford (Holmes), or the genius raised on Stanford's campus by his Stanford lawyer parents were introduced to the public with rosy, in awe of the quirky genius fluff pieces by the same man, and lawyer, Roger Parloff. I don't want him to get away with it, but he will.
So in August 2021, sure I'm aware of FTX – and some altruistic dummy who seems to know nada about actual crypto, blockchains, and hasn't written one technical paper on anything crypto like other founders which I found odd for a genius… Roger Parloff writes the setup for 2.5 years of the good old cargo shorts dork genius out to give his billions away for causes he deems good… On a publication – Yahoo Finance – which everyone who invests in stocks and crypto reads.
The nerve of Parloff is he knows no one will ever call him out on it, but the pattern is not coincidence. This is how frauds keep repeating themselves. Frauds are popular for paid off journalists and publications, for the frauds and their conspirators and operational partners as well, and even those VC's validating the fraud's not with any rational explanation to the public on their investments that push Bankman-Fried onto Forbes top 30 billionaires list in 2022 – further “validating” the lie of Sam Parloff so was so detailed in giving us a backstory and character piece of for the first time in August 2021….
See the patterns? As long as Parloff introduces us to the geeky, child-like faced, effective “altruist” billionaire – we will look past the obvious lies of how he got on the map. The article is long and goes out of its way to show both in writing and video from Yahoo Finance that SBF is an altruistic boy genius, a geeky, warm, and ambitiously kind dork — and hey! He's fighting for more government regulation in the US as the video remains plastered today right under the ridiculous Parloff title.
https://twitter.com/real777mellon/status/1709085651650375953/photo/1
I was around in 2017. The arbitrage play of moving BTC bought on Coinbase or in the US and then having a friend in Japan open a pathway to Japanese banks and Bitcoin exchanges where the “$5,000 premium” on Bitcoin in Japanese exchanges (and Korean exchanges) is portrayed in Parloff's SBF introduction piece as some sort of genius play no one else possibly saw or tried.
It's not possible he was able to do that in the way described to become a millionaire many times over. The fact is, even the description of him working in international arbitrage at a proprietary hedge fund “Jane Street Capital” (proprietary as in the employees use the house money to trade) is VERY questionable. If you've been moving money around crypto since before SBF and you have invested outside of the United States using friends or associates to help facilitate you acquiring and paying for assets, you'd know this is not how things work. Wires for example – can take days to clear. Also such arbitrage plays on Bitcoin couldn't possibly have been made that many times between November 2017 and early January 2018 for Sam to profit in the way Parloff's fluff piece explains.
I guess that's all I will say for now. I am writing this as a reminder this happens not just in crypto, but in the stock markets worldwide on a regular basis. Maybe one day we'll see something like this early on and make some incredible shorts on the downfall of whatever the next fake genius introduced to us all is building /betting on.
But I hope that you all take any future Roger Parloff article with a grain of salt and then make not of this guys record. Why is he so important? He's the one who creates the positive cult of the genius and the VC investment flows in, for a profit of course, and just 2 years on – the retail bags or the last investors into the Holmes/SBF mania started publicly by Parloff? They get stuck without the opportunity to recover all the money that Parloff knew the minute he introduced these rosy, well planned fraud founders to the mass public.
As I hit on in this long reddit post, below is a tweet still up of an interview posted to twitter just in case you don't like reading set-up pieces for the fraudulent founders that are about to spend 2 years or so stealing everyone's money because they got the god status intro from Parloff, just like Holmes (Fortune magazine, later he even wrote an “I'm sorry I brought Holmes into the public eye piece”)… and August 2021 on Yahoo Finance (and TWITTER) – Scam Bankman-Fraud (video at Twitter link below)
August 13, 2021: Parloff praises and tells Twitter about his character peace on the amazing SBF
https://twitter.com/YahooFinance/status/1426219730696867842
Invest in fundamentals, good corporate balance sheets and financial reports of high FCF, revenue, responsible expenditures – and not based on a personal Roger Parloff fluff-piece of the next great genius about to become a billionaire taking you lucky readers and your invested money with him/her.
I hope this post remains, Roger Parloff never get's his blame for doing this twice. I won't go further than this, but hopefully he gets his some day so other journalists don't do potentially paid fluff pieces to begin publicly defauding investors.
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