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6/23/25
Ray Trapani
How I Used Venmo for Fraud, Built a $30M Crypto Empire on Lies & Avoided Prison
Ray Trapani shares his journey from small-time scams, including exploiting a glitch in Venmo, to co-founding Centra Tech—a fraudulent cryptocurrency company that raised over $25 million. Despite facing multiple charges, including securities and wire fraud, Ray managed to avoid a lengthy prison sentence. In this candid discussion, he reveals the tactics used to deceive investors, the rapid rise and fall of his crypto empire, and how he evaded significant jail time.
CRYPTO
FRAUDSTER
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