CC#17: JCalacanis Exposes Fraudsters of Clubhouse
Jason Calacanis, Barbara Corcoran, and others expose 22 year old "success coach" charging $6,000 per session to a person w/ suicidal thoughts.
Late Tuesday night, Jason Calacanis, a prominent angel investor, set out on a mission to expose some of the shady techniques that are being used to scam innocent people on clubhouse as well as the scam artists who are using them.
However, this story actually dates back to the night of February 22nd, when Jason Calacanis decided to join one of these “MEGA Success” Coaching rooms. He was pretty shocked when he heard one of the coaches say they were charging rates of well over $10,000 for their services. He raised his hand and once he got on stage, he curiously asked “What qualifies you to charge so much? What business have you built?”
The response from the coaches: they muted Jason and kicked him off the stage. He shortly thereafter created a room to share his experience. Two of the most well known “coaches” that are almost always running these rooms are JT Foxx and Brad Hager.
In Jason’s room, he shared his experience and asked others about theirs. The room managed to attract Brad Hager’s wife, Marcia. Jason promptly invited her on the stage, and when she got there, she had a lot to say. She seemed notably upset and began shaming Jason for exposing her and her husband.
Sarbjeet Johal @sarbjeetjohal.@JTFoxx and Brad Hager are doing awesome/educational work on @joinClubhouse! Check it out! Priceless education! Today there was a great session on anatomy of private equity! 👏🏼 cc @gilestyles @ericosiu @sarah0lland https://t.co/GmmYGShPPp
Fast forward to the night of March 8th.
One of the top rooms on clubhouse was once again being run by a few “life & business coaches” who don’t exactly have their clients’ best interest in mind. In response, Jason Calacanis, along with Taylor Monks and Tyler Crowley, quickly assembled his troops and got to work. They started a room to expose these fraudsters and interview people who have fallen victim to their scams.
Shortly after the room had started, Barbara Corcoran, a real estate mogul and famously one of the sharks on ABC’s Shark Tank, joined to share something she had just experienced in the other room.
”I had no idea these guys were illegitimate. I spent 20 minutes on stage yapping like an idiot before realizing I was in the wrong room!”
Someone who was on the stage happened to be in the other room when Barbara was speaking. They said
”I was surprised that you were speaking in that room and being so vulnerable. I was watching how they were treating you and trying to get you to copy other people’s voices—I couldn’t believe it was happening! It felt terrible! Especially today, on International Women’s Day.”
”You know, it’s an odd thing. I wasn’t the least bit offended. It was like I walked into a bar scene and people were all laughing and joking, which is fine. But what really triggered me was this: after I spoke, there were a couple of bad pitches, and then there was a good pitch from a very legitimate female founder. The moderators were all trying to “get in her pants” in a financial way. I wasn’t offended by the way they spoke to me, but I was definitely triggered when I saw them trying to take advantage of that founder. They asked how much equity she would give up to have one of them as a coach. We’ve got to get those foxes out of the henhouse!”
Shortly after Barbara left, one of these coaches ended up joining the room. Her name was Lauren Tickner.
Jason: “Hey Lauren, what do you charge for coaching, roughly? And what do you help people with?
Lauren: “$5,000 for 3-months. The purpose of the coaching is to help them launch their own coaching business, we typically work with coaches that have a proven track record of already helping people. I’m 24 now, but I got started when I was 16. We help personal trainers that have lost their business, we gave them all the systems to move their business online. Basically, we give. them all the systems to grow their business online.”
Coffeezilla: “I’ve talked to more coaches than anyone on the planet. Every single one of them, even the most unethical people, they all say “those other guys are so unethical” and that always makes me wonder: what’s different about you?”
Lauren: “I really think the client results is what differentiates the coach.”
One of the moderators asked “So you’re basically a coach teaching other coaches how to coach coaches of coaches?”
Vitaliy: “I’ve been in those rooms and seen how they do it. In those big rooms, I’ve witnessed JT taking a lot of money from people. In one particular case, they negotiated the price down to $2000, but for that price, he would have one of his partners help them instead of him. People come with real businesses and real problems and they think they will get real advice. They either get laughed at or get really generalist advice such as “Yeah run a bunch of ads, but DM me. I wrote a book on x topic and can help you” I’ve heard people agreeing to pay $2000 for these coaches’ services more than once. I cannot imagine how many people they scammed for $2000 in those rooms!”
These “coaches” are known to use high-pressure sales tactics to prey on vulnerable business owners who are struggling, and they promise to help them make a lot of money.
Kevin: “From 2013-2018, I was a videographer for some of these coaches in the dating space. I helped them make courses and I was doing this from an honest place. It was an opportunity for me to make income and I had no idea these things were scammy. I met 90% of the people in The Game. It’s a very small ecosystem. I met Tai Lopez; Marczell was actually hired by one of these companies after I left. I no longer do this - but I just wanted to add that these guys are delusional, and what’s even crazier is how much they believe their own BS. They’re almost scamming themselves in a sense.”
Jordan: “I was in a room listening to JT Foxx and there were a bunch of bad pitches. Finally, there was an impressive one that was doing $400k profit a month on $500k revenue. He had no idea about investment mechanics, he asked for 200k for 15%. JT said “…you don’t need the capital, you need mentorship. What would you give for mentorship?” He said he would give 30%. JT said he would take 10% and asked who else wanted in. I jumped on stage and explained the industry standards—typically an advisory share is no larger than 2%—and they muted me and kicked me off. I messaged him privately and saved him from being taken advantage of.”
If you thought these were bad, wait till you hear this story that Jordan shared
“My friend Jeremy Green had hired this coach by the name of Marczell Klein. After realizing he was a fraud, Jeremy decided to set him up. He texted Marczell introducing him to a women and said “Hey a friend of mine really needs help, and she’s filthy rich” The person posing as this damsel in distress messages coach Marczell saying she has had suicidal thoughts and is asking if she should get professional help. To which Marczell allegedly replied
”No, those people will just load you up on drugs. I’m the best “coach” in the world and I can help you.” He then quoted the lady $25,000 for 4-months of coaching, which includes 1 session per week. Unaware that he was being set up, he also texted Jeremy saying “If you help me close this, I’ll give you a 10% cut.”
In Marczell’s IG bio (@marczell) it states World’s #1 Success Coach. It used to say this in his clubhouse bio as well and when he was confronted about it, he denied it at first and then he said “Someone else wrote my bio.”
Jeremy: “I became friends with Marczel—he would come over and do this thing (NLP) and it would work for a day. My wife kept saying he’s a fraud. And one day I said I want to help people do this. He turned to me and said (he knows I have a network, and friends with celebrities) you do the outreach and I can hypnotize people out of their money. He wanted me to introduce him to Tony Robbins cause that’s his idol.”
Jason Calacanis: “So you’re charging over $6000 per session? How long are these sessions? What are your qualifications that allows you to charge so much. Who trained you?”
Marczell: “I did a year-long hypnotist program at an accredited institution where we did clinical hours. I use my hypnotism to help change people’s mindsets so they can achieve the health, wealth and results they want. I actually charge way more than this in other cases, I only gave her a discount because Jeremy was a previous client of mine.”
Jason: So you charge Jeremy $100, but you charged this lady $25,000?
Marczell: “Jeremy worked with me when I was 19 years old, I’m 22 now. A lot can change in those 3 years.”
Jason: You mentioned you made a lot last year, how much did you make?
Marczell: “I made $18 million.”
Another coach was mentioned who had been claiming to be a 7-figure coach, and a quick google search showed that she had taken out. a $2200 PPP loan last Summer. Not to mention, she was living out of her parents house. Unfortunately, I did not get the name of this one.
There were a whole other set of individuals that were mentioned, not all of whom disguise themselves as coaches. One of the most frequently mentioned ones was Manny Fernandez, who claims to be a “Silicon Valley Tech Investor” and uses a 2-minute feature he had on CNBC a long time ago for credibility. It turns out, Manny is not in very good standing with the SEC.
Even Grant Cardone appears to have misled investors.
This all raises an interesting question - who do you trust? Who’s legit and who’s not?
My imperfect, short answer is to look for certain key words. You’ll almost never hear a successful startup founder bragging in their bio about how many sales they’ve made or making vague statements like “Entrepreneur” without including more details, instead they’ll typically say something along the lines of “co-founder of x”. Conversely, you’ll almost never see the word “startup” or “tech” in the bios of these “coaches”, because it’s very likely they’ve never built anything. Of course, there will be exceptions to these, but it’s a starting point.
There are also a few good platforms that are constantly exposing these fraudsters: