Auto-generated transcript below — expect the occasional typo and a lot of trader slang.
Transcript
Cuz I totally forgot. So, Scott Trista. OH, [ __ ] KNOWN [ __ ] known rug puller and bankruptcy declarer and clawbacker. The guy that used to own Fast Track Trading. And then armpit trading. Started a new Yeah, armpit. Started a new firm. Although he was the chief technology officer. Officer, that’s what he called himself. It was called the prop pit. It lasted a couple months and had as many as 195
traders. That’s Well, it had a As of right now, it had 195 existing traders. I don’t know why that was even in their little notification. But they’re they’re they’re done. They’re [ __ ] done, son. They’re going under. — That was fast. At least you know, it’s better that it didn’t I don’t understand why anybody would give that dude money no unless they didn’t know any better. No, cuz you get a
clawback. I got the clawback message from Fast Track. Yeah, yeah, cuz you got some money from them. Yeah, I took a payout. — you got rug pulled. They [ __ ] Let’s just put it If anybody If anybody even comes across this, Fast Track Trading came out of nowhere, burst onto the scene, was like one of the hottest firms. Yeah. Long story short, without getting into all the intricate details, it lasted
like four before like it was like four months It was good for like four months and then the [ __ ] hit the fan. All of a sudden they couldn’t make payouts. They couldn’t [ __ ] They couldn’t, you know, people were [ __ ] getting [ __ ] left and right. People were waiting weeks for payouts. They finally got paid and then a month later they they basically lasted from like
April to [ __ ] October. In October of 2000 what? 24? They [ __ ] went under. They rug pulled They rug pulled everybody. They [ __ ] People got [ __ ] out of There were people that got approved on payouts and then all of a sudden they did a retroactive rule change and then all these people that were approved millions of dollars combined worth of payouts uh were now denied
and their accounts were breached. And then anybody who was still left over, they ended up getting rug pulled anyway. And then a bunch of affiliates got [ __ ] out of their commissions. You know, everybody got [ __ ] Then they declared bankruptcy. Then there was a whole class action lawsuit, which was supposed to help the people that got [ __ ] It turns out it got they got [ __ ]
again. And they got clawed back on any anyone who did get money got clawed back for this based because of this [ __ ] class action lawsuit and how they in because they declared bankruptcy, they needed to recover all the funds so they could disperse it to the class to the you know, to the class. And I’m not saying what to do, but when they reached out for me for the clawback,
you can negotiate a a large reduction. Yeah, but like yeah, I’ll give you [ __ ] 10% of this if you’re lucky. — Yeah, mine was less than 50%. Yeah. — voted — And you had to pay though. I know. I just didn’t want to deal with it to be honest with you and like obviously, I’m making money and I was like, you know what? For 500 bucks, I get this [
__ ] guy. — leave me the [ __ ] alone. I don’t even want to think about it to be honest with you. — sorry I brought it up. It’s a sour subject. I knew better than to even [ __ ] with them and I caught a lot of [ __ ] for [ __ ] not [ __ ] with them. Well, you know what the PROBLEM IS? I DIDN’T MESS with
them for ages and all these people were getting paid and then people I knew were getting paid. Yeah. — was like, whatever, man. I guess I’ll jump in. Yeah. — At the very end, I I had like seven accounts that were that were taken from me that were you know, funded. Uh You know, the rules just were you know, no commissions like I don’t know. They were all like Yeah. They They
accepted crypto as payment only. They had a They didn’t have merchant processing. It was a [ __ ] It was bad. So, you couldn’t charge them back. But enough of like enough about them. A lot of people already know about that, but what happened was the guy launches a new prop firm called the Prop Pit. And then it it just it just went under. So, he didn’t even get a chance to
[ __ ] everybody. But yeah, It was it on for like a day or two? No, it was it was around for a few months cuz nobody really knew about it. He had a He had a Discord. You know, he was always just a pompous [ __ ] prick who just I don’t know. — There’s no coming back now. That’s his second failed prop firm. — Yeah. Yeah, but this time I
don’t know what I mean. There’s people that are that might be doing payouts. I don’t even know. I will say I’m going to go to the auction though. I’m going to auction for his 1985 BMW with 300,000 mi on it. — Well, that’s the funniest part. Like he was buying [ __ ] like exotics, but like years old exotics. And then renting them. — going to start like I guess a a
Toro or something. He was going to have a Toro business. I don’t even know what he was planning on doing. But then he had to [ __ ] fork a fork with them over because of the bankruptcy proceedings. So, the joke I always say when I’m [ __ ] streaming it on my channel and just in general is like cuz there’s this guy Rips who has he runs his [ __ ]
YouTube ad for his [ __ ] stream that says, “Do you see this car? And this car? What about this car?” So, I say that Rips got those Rips Rips the cars that Rips [ __ ] shows off are the [ __ ] cars he got from Scott Trees Day’s [ __ ] fast track bankruptcy auction. He got them for pennies on the dollar. So, it’s like [ __ ] I [
__ ] make fun of all of that [ __ ] My car and my car and my car. — I Rips here. But yeah, I’m glad that shit’s done with. The guy has a [ __ ] set of balls for even [ __ ] trying to come back.
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