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hey everyone welcome to your go to
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channel for exposing scams and staying
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safe online today we're tackling top
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bcle VIP Dot site here's the spoiler
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it's a Ponzi scheme we'll explain
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everything you need to know to avoid top
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recycle VIP and protect your finances
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it at first glance it might look like a
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great opportunity to make money fast the
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website promises big returns sounds
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tempting right well here's the truth it
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operates as a Ponzi scheme so while it
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might pay out for a short time
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eventually the money dries up and the
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majority of people lose their
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Investments now you might be wondering
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what exactly is a Ponzi scheme let's
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break it down a Ponzi scheme is a type
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of investment scam where early investors
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are paid returns from the money of new
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investors rather than from any actual
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profits the scheme relies on a
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continuous stream of new people to
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invest money to keep the payouts flowing
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initially the scheme works by paying a
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few early investors to create the
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illusion of legitimacy but eventually as
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the money from new investors slows down
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the scheme collapses leaving most of the
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nothing let's take a closer look at the
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red flags that show it is a scam these
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are the signs you need to watch out for
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unrealistic returns it promises 5% daily
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for 180 days that's ridiculously high
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and should be your first red flag real
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investment opportunities do not promise
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those kinds of returns especially in
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such a short time high returns are often
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a tactic used by Ponzi schemes to lure
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in new investors but remember if it
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sounds too good to be true it usually is
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no proof of income it claims to be
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making these huge returns but they don't
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provide any real proof of where the
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money is coming from legitimate
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businesses can show you how they make
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money whether it's through product
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services or Investments this site
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however can't provide any proof of
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income because they don't actually have
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any real business they just Shuffle
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money around between people deceptive
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payment proofs Ponzi schemes are
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notorious for using fake payment proofs
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they show you screenshots of people
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receiving payouts to create the illusion
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that the scheme is working but here's
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the catch those payments are often made
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to just a few early investors to build
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trust and make the scam look legitimate
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as more people join and the money pulled
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depletes payout stop and the scheme
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crashes similarities to other Ponzi
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schemes the business model of this
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platform looks very similar to many
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other Ponzi scams that have been exposed
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over the years they promise High returns
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with no real product and they rely
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heavily on recruiting others to keep the
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money flowing it's a classic Ponzi
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scheme another tactic that Ponzi schemes
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like this use is fake registration
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documents they may show you official
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looking documents that seem to validate
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their business such as registration from
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the UK or Hong Kong but let me tell you
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these documents do not make the business
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legitimate these registrations are often
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just for tax purposes and they don't
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give the company any legal right to
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operate an investment firm don't be
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fooled by these documents many
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businesses that have used these kinds of
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registrations have turned out to be
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scams so just because they show you a
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piece of paper doesn't mean they're
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legitimate getting your money back from
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Ponzi schemes like this is extremely
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difficult but here are some steps you
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can try withdraw your money ASAP if
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you're still able to access your account
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withdraw your funds immediately Ponzi
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schemes often pay the initial investors
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to attract more people but once they've
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gathered enough money they'll stop
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paying out so the sooner you withdraw
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better keep records this this is super
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important document everything save
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screenshots emails chats with the
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company and any other communication
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related to your investment this
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information could be crucial if you need
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to take legal action later contact your
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bank if you made the investment via
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credit card or bank transfer contact
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your bank or payment provider request a
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charge back or refund sometimes payment
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providers can reverse fraudulent
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transactions report to authorities
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report the scam to relevant authorities
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like the FBI SEC or your local Consumer
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Protection Agency these organizations
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may be able to investigate and help you
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recover your money monitor your accounts
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keep an eye on your financial accounts
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to spot any unauthorized transactions
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change your passwords and enable two-
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Factor authentication to protect your
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personal information legal action if
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you've lost a significate amount of
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money and the above steps haven't worked
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consider speaking with a legal
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professional they can help you on
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understand your options and whether you
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can take legal action against the
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company now how can you protect yourself
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from scams like this in the future here
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are some tips do your research before
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you invest any money research the
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company look for reviews and feedback
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from other customers check their contact
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details real businesses have real
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addresses and customer support scams
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often hide behind fake contact
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do Dobe wary of too good to be true
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offers if something sounds too good to
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be true it probably is scams often
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promise incredibly High returns with no
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risk always be cautious of these kinds
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of offers remember if it sounds too good
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to be true it probably isn't true use
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safe payment methods stick to reputable
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payment methods like credit cards or
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PayPal avoid paying via gift cards wire
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transfers or cryptocurrency unless
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you're 100% sure that transaction is
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legitimate use strong passwords use
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strong unique passwords for all your
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accounts and enable two Factor
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authentication for Extra Protection this
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will help prevent anyone from gaining an
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authorized access to your accounts do do
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Dobe careful with fishing emails fishing
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scams are common so be cautious when
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opening emails from unknown senders
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always check the link before clicking
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and make sure it's legitimate protect
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your personal information never give out
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excessive personal information on
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websites that don't seem trustworthy
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scammers often ask for too much info to
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steal your identity check for regulatory
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licenses verify whether the company is
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regulated by relevant authorities such
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as Financial Watchdogs legitimate
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businesses must comply with financial
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regulations whereas scams often operate
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Frameworks assess the transparency a
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trustworthy business will provide clear
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accessible details about how operates
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its business model and the risks
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involved Ponzi schemes like this often
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hide this information or offer vague
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explanations look for warning signs in
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communication genuine companies have
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professional communication with clear
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details and proper customer service
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scams often use pushy sales tactics
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unsolicited emails or aggressive phone
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calls to rush you into making
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decisions beware of fake testimonials
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scams May feature fabricated success
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stories or fake testimonials from
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satisfied clients always be skeptical if
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the testimonials seem overly positive or
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if there is no way to verify the
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individuals involved research the
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founders or operators look up the
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backgrounds of the individuals behind
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the business a lack of publicly
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available information or Shady
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backgrounds is often a red
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flag wrapping it up top beyc vp. site is
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a scam running illegal Ponzi scheme
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avoid top bicycle VIP at all costs
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if you've already invested try the
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refund steps we talked about earlier
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don't forget to share this video to warn
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others if it helped like share and
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subscribe got a scam experience comment
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below let's fight back together thanks
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for tuning in and see you in the next