Definitely no penalty. It's crazy to me that people think someone being a paid spokesman for a company should be liable for what the company does. If, for example, a CFO just steals millions from a company all the sudden, how on earth would a paid spokesman for that company possibly have known or possibly could do adequate DD to figure out the CFO was planning on stealing money? This example is functionally the same as what Doug did (afaik). The company said they were doing X, they lied to Doug and the public about it, why would Doug be liable for falling for the same lies the public believed?

The only way he should be held accountable for anything the company did wrong is if he knew about some material information and then lied about it or something similar.

When you shill a product, you generally are only staking your reputation on that product, and you're not saying "I am willing to be legally bound to whatever the company happens to do in the future." If Brtiney Spears shills Pepsi, do you think she's going to the Pepsi factories to make sure they're abiding by all safety laws Pepsi says they are? There's only so much a celebrity endorsement can mean which is why they aren't generally legally liable. Btw, I'm willing to take bets whether Doug Polk goes to jail.

Doug’s already suffered consequences because of the CoinFLEX fallout. He’s spent money on marketing content that’s completely wasted and, I imagine, paid lawyers to consult with him about this debacle. Beyond that, his reputation had taken a hit. His reputation/brand certainly has value and that value’s diminished.

Remember what his reputation was about; outing scams and being on the side of the swindled including crypto specifically. This wasn't a TV game host shilling this was someone whose brand claimed he should know about these things. Note how he very conspicuously didn't post disclaimers or oppose the CEO stating invest everything in this on content he made. Note how he has very carefully avoided answering whether he had any money in the product other than his pay for shilling it. If someone is pitching it is a great financial product while never willingly investing a dime it requires more naivete than I possess to believe he honestly thought it was as he described it. After all if he believed he was telling the truth why doesn't he get his money into these guaranteed returns. YMMV

Random aside, but for a seemingly intelligent guy Doug’s handled this crisis about as poorly as possible. I hope I never have to deal with a public disaster like this, but if I do I’ll have some sense of what not to do after following this saga.

Actually he is handling it very well unless you assume he is just a foolish idiot who fell for the scam he was promoting. Still has people claiming he was just an innocent virgin. Truth doesn't work so well if you are guilty and I imagine CoinFlex has documents showing his actual compensation that might "accidentally" get leaked if he says anything too unfavorable about them.

That is what I think happened.

I don’t get what you’re insinuating.

What do you think is being hidden regarding his compensation? I’m not following.

Exactly. It's like someone trying to sue Flo because they disagree with how Progressive settled their claim.

Doug refuses to quantify how much he thought his compensation was going to be worth, and refuses to say how much his compensation was worth before the crash. Correct me if I’m wrong, but Doug has only said his compensation is worth $0 after the crash… which isn’t relevant.


How much do you guys think Doug was paid before the unpegging occurred; $100k? $1million? $10 million?

At what number does it mean Doug was running a scam?

And Doug should never tell anyone these figures if he can help it. Also I don’t believe people should go to jail for most financial crimes. I don’t think it’s right to torture people for these things. And jail is torture

you don't think "hey guys! Doug Polk here" will work in the joint?

So you are on the side of let the sheep be fleeced. I agree he shouldn't tell anyone what he was being paid as I think the number is such that it demonstrates even to the fools that still support him what the truth actually is.

I’d be more interested to learn whether he had any money outside of his compensation tied up with CoinFLEX. If he did, then I think it would demonstrate that he actually believed in what he was shilling. Since he’s avoided answering that question I can only assume that the answer is no, he didn’t have anything on there outside what they paid him.

He made it clear he didn't have anything there besides what they paid him. In the video he put out he said that after taking into account staffing costs he would be at a LOSS.

If he had put some of his money in the amazing opportunity that he was presenting to the audience he wouldn't have said that.
How did he pass on investing on a stablecoin that gives interest, passing the benefits of the repo market to the consumer? Schmuck!!

I thought his comments about staffing (video editing type stuff) costs were total BS when his video first came out. If that is all he was out, that is nothing. I felt zero sympathy then and have less now.

Which statement was that in exactly? I'd like to review that.

What about whats up guys?

Nice avatar! How's the weather? Would you rather be covered in fur or covered in scales?

I did not commit any fraud, acted in good faith, and yes I am still going to call out wrongdoing in poker like a room not honoring their guarantee.

In terms of Doug catching criminal charges, he has to be on the feds radar first.

If they dont know, I doubt the feds are lurking on 2p2 or Reddit. Someone would likely need to file a complaint of some sort and law enforcement or the SEC would likely determine if his promotion of an alleged ponzi scheme is illegal.

It does raise a question for 2p2. Are mods/2p2 owners okay with a guy like Doug being apart of this community after a large portion of the community believes that he has knowingly/unknowingly promoted alleged ponzi schemes?

There's so many calls for people associated with scams to banned from the poker world... Should Doug be banned from 2p2?

I have seen it mentioned 3-4 times on twitter (non-blue check marks) saying SrslySirius is going to make a video about this so I made an account to ask if this is just a rumor?

https://twitter.com/srslysirius

According to his own twitter, he hasn't said anything so it's just speculation, right?

Doug Polk probably didn't technically commit fraud!

lol, sup ?

U mad, bro ?

Hi, SrslySirius! I think there is a self-promotion sub forum in a different area of 2+2.

sorry, forgot your catch phrase since I stopped watching any of your content once you became a crypto "expert"/shill