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    Edward Snowden calls out conference host for running Ponzi scheme

    Here’s a tip should you’ve ever been accused of participating in a Ponzi scheme: Don’t invite Edward Snowden to talk at your investor conference.

    Snowden — who famously leaked information in 2013 on the National Security Agency’s mass surveillance of US residents in 2013 — known as out the host of an “elite actual property funding membership” over the weekend for allegedly bilking traders out thousands and thousands of {dollars}.

    The former CIA contractor, who has been dwelling in exile in Moscow since then to keep away from being tried within the US on espionage fees, did a dwell video interview on Saturday for the conference, which was hosted by a self-proclaimed investing guru named Sunil Tulsiani.

    Tulsiani, who’s banned from trading securities for life by the Ontario Securities Commission for his half in a $4.5 million Ponzi scheme, instructed attendees that Snowden’s historical past of whistleblowing ought to encourage the members of his funding membership to “kill the virus” of “I can’t afford it.”

    Tulsiani opened the speak with a softball query to Snowden about how correct Oliver Stone’s portrayal of him in his 2016 film, “Snowden.” But after talking for practically 6 minutes about whistleblowing and ethics, Snowden known as out Tulsiani over his regulatory run-ins.

    A screenshot of Private Investment Club’s digital conference with Edward Snowden (seen on giant display screen), who accused conference host Sunil Tulsiani (seated) of running a Ponzi scheme.
    Private Investment Club

    “Just earlier than I related, I had a good friend attain out to me and inform me they heard issues on this conference, like somebody saying that they couldn’t afford this [and] the host saying ‘Find a strategy to afford it,’” Snowden stated.

    He then modified his display screen to point out the picture of a 2017 CBC article which included a photograph of Tulsiani and detailed his involvement in a Ponzi scheme. “As a whistleblower, it’s my obligation, each personally and professionally, to ask: Is this you?” Snowden requested.

    Tulsiani twice confirmed that he was certainly the topic of the story, at which level Snowden stated he wanted to bow out.

    “The issues that I’ve heard tonight make me very uncomfortable with this occasion … But my recommendation to everybody on this name tonight — everybody taking a look at this — is search for what you’re getting concerned in … suppose laborious about if you wish to proceed with this. Because, for me, women and gents, for tonight, I don’t. Thank you a lot and good evening.”

    After Snowden abruptly logged off, Tulsiani scrambled to handle the awkward silence, saying it was “completely sudden and I’m so sorry this has occurred.” He requested to take a five-minute break earlier than returning and, according to Vice News, a scorching mic caught someone lamenting a “waste of a f-ing day.”

    When Tulsiani returned, he blamed Sowden’s exit on a “clickbait article” that didn’t correctly make clear that he and his Private Investment Club (PIC) merely performed a task in — versus being convicted in — the scheme, in line with Vice.

    “I need you to know that I’m fairly sensible, and if I wished to vanish I might have,” Tulsiani stated. “If I stole thousands and thousands of {dollars}, I might not be right here … I used to be by no means charged criminally.”

    Tulsiani couldn’t be reached for remark.

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