Rug Pullah- $HAWK Scandal

This week we discuss an ongoing story that is developing around the viral sensation Haliey Welch, also known as the Hawk Tuah Girl. Who somehow capitalized on one bj joke and made it to a pretty comfortable position, before seemingly ruining her short career with a rug pull crypto scam.

Episode Transcript

(00:02):
Wall Street veteran Bernard Madoff has been arrested and
charged with running a $50 billion Ponzi scheme.
Congress wants to know what caused the Enron meltdown, and
while the collective rage currently is focused on low
comp. Tyco CEO Dennis Koslowski was
convicted of looting hundreds ofmillions of dollars.
This is one of the biggest fraudcases ever.

(00:23):
Their president's a crook. Well, I'm not a crook.
Find out more on this week's episode of White Collars, Red
Hands. Every year we have a new viral
sensation that sweeps the nationand penetrates every inch of the
Internet. In 2024, one of those was the
Hawk to a Girl, the young silly girl who gave us some advice on

(00:45):
how to give fellatio. We all know Hawk to a girl, but
why is she on today's episode? You'll be absolutely gagged on
how it all choked down on this week's episode of White Collars,
Red Hands. You said you you missed your
chance like if like 10 years agoyou could have been.
I could have been the hawk to a girl.

(01:07):
But you know, honestly, Nya, I think you were just, you were
ahead of your time. I was ahead of.
Yeah, and it could have been you.
And now you got to look at these, these younger people just
like achieving your dreams. And how does that feel?
It feels like time is slipping away and that I'm going to
amount to nothing, and that everything I've done in my life

(01:28):
has been a waste of time, and that I'm just gonna never be
able to retire and I'm just gonna die sad and alone, and
that no one would actually care if I died.
So that's actually how it feels.Cool.
Welcome back to White Collar's Red Hands, everybody, where it's
happy all the time. My name is.
Kashan and I'm Nina and you heard it this weeks episode

(01:50):
about the hot Tula girl. Dude, don't, don't.
I don't have to clean these microphones.
After been on that thing. Please, please calm down.
Yeah, that's what we're talking about.
If you hate viral sensations on the Internet, if you hated talk
to a girl, you actually probablywill like this episode because

(02:11):
it does not paint her in a very good light.
Sure. Yeah.
All right, So first and foremost, if you're a listener
of this show, you know that somefacts just do not stick in my
mind whatsoever. Some a lot and anything in
regards to crypto is one of these things and we talk a lot
about crypto today. I'm going to break down some

(02:33):
facts about crypto and meme coins specifically and all that
shit which yes, we have done this in the past, but I'm going
to do it again in case you are afirst time listener and you
don't know anything about crypto.
So yeah, good. Don't take what you learned
today to like Coinbase, please. No, don't do that.

(02:54):
Don't buy any any meme coins. Off No, don't buy.
Don't buy into meme coins. Yeah, you'll have failed if
you've done that. So in case you really don't
know, cryptocurrency is a digital currency that is
designed to work through a computer network, which means
that it doesn't rely on a government or a bank to uphold
it or maintain it. And when you buy crypto, the

(03:17):
records of ownership are stored in what is called a blockchain,
which is a database that shows what you've bought and what
you've exchanged. And everybody can view this like
it is not a secret whatsoever. The first cryptocurrency was
Bitcoin, and it launched in 2009.
Since then, crypto has become increasingly more popular, and

(03:39):
as of 2023, there were over 25,000 different
cryptocurrencies on the marketplace.
Forty of those have a capitalization exceeding over $1
billion. Oh, that's crazy.
Yeah, that's actually about 40. I can name like like 3 crypto

(04:01):
currencies that I think would beworth anything.
Oh, I I couldn't even tell you. Which is it's Bitcoin, Ethereum
and I think Montero is the otherone.
Montero. Dogecoin.
There you go. There's one, but other than that
I got stone cold nothing. So no, I don't have anything. 40
that are worth that much money but OK.

(04:21):
There now there are a lot of different types of crypto
currencies and one that we are going to be talking about today
is a meme coin. Now a meme coin is exactly what
it sounds like. It's a type of crypto that has
originated from a meme or an Internet trend.
'Cause you know what's great forfor long term financial
investments? Memes.

(04:43):
You know how they you know how they last forever?
And people find the Bunny for like, ever.
They do last on the Internet forever but it's not but there
are like 50,000 of them being pumped out a day.
You guys don't know who Tay Zande?
Is no, I don't know. Fucking exactly.
That is what happens to meme coins.
They go the way of Tay Zande Chocolate rain.

(05:07):
I have no idea. Nothing you'd have to show me.
Early days of YouTube. Dude, you know I wasn't on
YouTube like that it. Was it was a cultural sensation
at the time? Anyway, meme coins are Tay
Zande. OK, sometimes they are also
called a shit coin, and a shit coin refers to a crypto that
doesn't really have any value. Even though I thought a shit

(05:29):
coin was when you swallowed a penny when you were a kid and
had to wait for it to come out, that's what I thought a shit
coin was. It is also, yeah, it is the same
thing. Yeah, yeah.
Dogecoin, as Kashawn was just talking about, was the 1st meme
coin to come out. It was originally created as a
joke, but here we are today withover 340 meme coins.

(05:51):
That's actually low. I feel like it's a low amount of
meme coins. Considering that there are
25,000 other cryptos and only 340 of them are meme coins, that
is pretty low. Yeah, meme coins have a low
entry barrier and are introducedwith a decentralized token
sales. So in order to promote the coin

(06:12):
they'll always like, they'll always end up giving away or
giving discount. Giving away coins or just giving
discounts on the coin so that people will buy into them.
That that makes your money worthstuff.
Yeah, just give. It away.
Yes, when people give me, I meanI love a sale and a sale on and
money sounds really good it. Sounds like what they did in

(06:35):
Argentina. And that went well.
Yep, it's going. Great super well, so like I
said, meme coins are made from ameme or something that the
Internet serves up a serves up as a sensation.
Donald Trump and Melania Trump actually just came out with
their own meme coins leading up to the inauguration, which as of

(06:56):
January 20th, which was the day of his inauguration, the meme
coin had earned 10 billion in market value.
So as I've said for now, a thirdtime meme coin based off of a
meme or Internet sensation. And that is where Hayley Welsh

(07:18):
enters the picture. No relation to the grape juice
I. Think that no no relationship to
the grape juice none. So on June 11th 2024 Tim and DTV
which is a YouTube channel whichis ran slashed owned by Tim
Dickerson and D Arias Marlowe. It's a YouTube channel that does

(07:40):
St. style interviews and it dropped a video featuring Hayley
Welsh being interviewed on Broadway St. in Nashville, TN.
She's a blonde 22 year old hailing from the state of
Tennessee and Hayley Welsh looked like any other drunk girl
you would see stumbling around Nashville that night.

(08:01):
Now Welsh and her friend saw that the street interviews were
happening and asked if they could be interviewed.
Originally, Welsh was asked tamer questions such as what
makes you wifey material, but itis said that she requested them
to ask her more scandalous questions.
And the clip you are about to hear became one of the most, if

(08:23):
not the most, viral sound of 2024.
Yeah, if you haven't heard this,I'm sorry that we're the ones
that are going to expose it to you.
But also, if you haven't heard this, how'd you find this?
How are you on the Internet right now?
Because obviously you haven't been here before.
What's 1 move in bed that makes a man go crazy every time?

(08:43):
Oh, you got? To give him that hawk too and
spend all that time. I I don't get you just as funny
as the as the first day I heard it, which is not.
So Kashawn just wants some of that hakpua.

(09:03):
I do not. Spit on that thing I.
Do not. That does not sound fun.
Well, this sound launched Welsh into Internet fame and
unfortunately everywhere we wentwe heard the sound of Hakpua.
At least for a week. Longer than that, unfortunately.

(09:25):
When the video dropped, Walsh was working at a bed spring
factory in Tennessee and was living with her grandmother.
I didn't know that that was a type of factory.
Well, that when I one time I watched an interview with her
when it like it all first was happening and it was she was
like I was working at a bed spring factory.

(09:46):
I thought that that was like thename of the company bed spring.
Like I I don't know what I thought but no she literally
means like bling bling bed springs.
Yeah, of course. I thought, I thought we evolved
past this. You know, I buy beds that come
in a box on Amazon now. I thought we all had memory
foam. Yeah, I.
Don't need any and it was like 300 bucks.

(10:07):
Like I don't need a spring in mymattress.
No, I don't want a spring in my mattress.
Well, obviously the people in Tennessee.
They want a bed spring. They they want to.
They want that shit to squeak. They do.
You got? No, that's a bad squeak.
What the heck? That was like a that was like a
rooster cawing in the morning. You got a squeak.

(10:28):
I mean she. Thrust that thing.
I would assume she would work ata cock factory, but no it's not
that. It's bed springs.
She would work at a cock factory.
At first Welsh was embarrassed about the video, and rightfully
so, and she quote didn't come out of the house for a week
after it dropped. But then she noticed that people
were making merchandise with hersaying on it, and she figured,

(10:51):
well, if they could make money, so could she.
Her Hawk Tua merchandise made $65,000 in just a few weeks.
I remember when this came out because she had her dad selling
it like in. I remember.
Like in the ad, she's like, she's like she Halley's got the
Hawk Tua merch out and I'm like your father, dude.

(11:14):
Like this is this is a really interesting.
Sales. I remember that like in this
interview I watched with all of them like a back story on her.
He was wearing a hawk to a hat in the interview and I was like,
what on earth My dad would like disown me if he saw a video like
that come out of me. He's like I taught her.
Well, she'll learn that one fromme.

(11:35):
I mean, he does look like he chews, dip and spits a lot, so
she probably did learn from him.Yeah, very little.
They're a little diddling. Ding, Ding, Ding, Ding, Ding,
Ding, Ding, Ding Ding Ding they.Had a Splatoon in the house kind
of thing and you're like, yeah, that's this.
This is the origin. They have a moonshine still in
the backyard. If they told me they had a
moonshine still, I would not be surprised.

(11:56):
She began making appearances with celebrities such as Zach
Bryan, who is a country singer, Shaquille O'Neal and she even
threw a pitch at a Mets game. In December, she made an
appearance on Jimmy Kimmel. It was clear that the Hawk to a
Girl had a voice that everyone wanted to hear, and Hayley Welch
was going to give it to them. With her rise to fame, she did

(12:20):
what many, many people do, what we have decided to do, and she
decided to start a podcast. Tak Tua made its premiere in
September 2024. It is produced by Better.
I think that is how you pronounce that, which is Jake

(12:40):
Paul's company. I did not know that, but that
makes a lot of. Sense everything the pieces of
the puzzle are adding together. The Hawk is tuing OK.
The podcast has had some really notable people on it, including
comedian Whitney Cummings, SharkTank star Mark Cuban, Wiz
Khalifa and JoJo Siwa. This is like the nightmare blunt

(13:05):
rotation like this would be terrible.
Like if you just want to ruin a night, like get me with with
these people in A room. You know what?
I. Don't.
I don't wouldn't mind. Listening.
OK, I. Wouldn't mind listening to Mark
Cuban. I would mind listening.
I think I'd really, honestly, I'd rather put a bullet in my
skull. I would rather Hailey Walsh hawk

(13:25):
Tua in my mouth after a night ofdrinking on Broadway then listen
to her interview JoJo Siwa, the inventor of gay pop.
Get to my butt guess yeah. Like, Oh my God.
Is that JoJo Siwan? Yeah.
It sounded like. They asked her what?
Her dream guests. You haven't seen that clip?

(13:46):
No. Are you not on the Internet?
I guess she's just Christ. Look it up.
What? What happened?
I see so much. Internet cringy.
She was like, you guys did my podcast.
I don't know, probably one of myexes and you're like what the
fuck? Oh, I think I did see that
actually. Hearing her sing, oh, it's so

(14:07):
bad. She's so cringy.
She is cringy, actually. The inventor of gay pop.
She's got to be like, she's not the.
Inventor of gay pop. That's what she says she's.
Not even good at it. Like you can't.
This is what happens when we letchildren from Dance Moms rise to
fame. Yeah, it's fair.
We get JoJo Siwa chugging vodka on the stage.

(14:29):
No more of them. So the podcast isn't and the
only thing that Welch is up to. She has also released a dating
advice act called Pookie Tools. Yeah, because I definitely want
to hear dating advice from a 22 year old.
I downloaded it to see what it was like when you had to like,
subscribe either weekly or yearly, and it wasn't worth the

(14:51):
money. It was like $5 a week for Pookie
tools. I was hoping there'd be a free
trial and there wasn't. So I was like, all right, I'm
not. I'm not going to pay for this,
no. Thank you.
Just it's, it's really like, like the cash grab is crazy, but
she's really literally managed to stick around.
And I think this is the thing that might finally kill her,

(15:12):
which is funny 'cause she was close, I think she was close to
actually staying relevant. I think she was too.
I think this is really gonna stop, which is probably good for
us as a society, yeah, but bad for her.
Bad, very bad for her. She will not.
Be famous anymore. No, she won't be.
And you're about to find out why.

(15:33):
Because here's the thing you're talking about.
We're talking about meme coins. We're talking about Hawk 2.
What do meme coins and Hayley Welch have in common?
Well, on December 4th, 2024, thememe coin Hawk was launched to
the public. The meme coin caused quite a
stir, but how the heck did Hayley Welch come up with a end

(15:56):
up with a cryptocurrency of her own?
Most would think that that's something that she really
wouldn't be able to pull off. Well, obviously she did not do
this project on her own. She had a team of people that
were helping her and the team consisted of Alex Larson
Schultz. He uses the persona Doc
Hollywood on his other social media accounts and All in all of

(16:20):
his online accounts. He's like a crypto guy.
Clinton SO was another person who helped her out.
He is the founder and controllerof Over Here, which is a Web 3
developer. They were a really big part of
making this. Clinton so is also a resident of
Hong Kong and Over Here Limited.The Web 3 developer is also a

(16:43):
registered business in Hong Kong, but so recently posted on
Discord that his team was globaland not just based on one out of
one country. Sorry, everything about his name
is like a who's on 1st joke. Yeah, like his name is so the
company name over here. It's so convenient.
Yeah, that was so confusing. Oh no, it's all very confusing.

(17:07):
All the people who were involvedin this promoted the HAWK token
on their social media accounts, including X.
When developing the HAWK token, they needed to start a
foundation to send the funds to.Apparently this is normal.
I I'm not totally 100% sure, butthey started a foundation and

(17:28):
they founded the Two of the MoonFoundation, which rose to
receive the funds of the token. It is registered and also has
its headquarters in the Cayman Islands.
Its logo features Welch in a cowboy hat riding what looks
like a Collidesdale with the American flag and stalks in the

(17:48):
background. It's quite a sight.
I hate it here. Hawk was advertised and marketed
towards fans of Hayley Welch. This was done on Welch's social
media, personal social media platforms as well as the people

(18:09):
as I said she was closely working with.
What did they mean? Fans of Hayley Welch, who's out
there that is like, this person is my ideal, ideal person.
This is a person to look up to. Who's doing that?
A lot of people because like, listen, she has that podcast.
Like we've said, she's stayed relevant.
She has a fan base. She stayed relevant because

(18:31):
she's fun to make fun of. She has 2.6 million followers.
'Cause she's fun to make fun of.Not not really that people don't
really like it. People ironically like it.
The podcast that's like a 3.3 stars, which is worse than us.
Yeah, you know, like, come on. There's that whole whole podcast

(18:54):
that was more popular where there's two guys drinking wine
talking about what they were saying on the talk to a podcast,
which was talking, which was talking talk to.
AI did not even know about that.You know, that's hilarious.
So I just, who's out there? That was like my God, Hayley
Welch is releasing a meme coin Imust buy in.

(19:15):
Well, I will say that the the target group was what people
call normies, which are people who are not typically purchasing
crypto or and they don't know what they're doing.
These were a lot of first time buyers and Haley said that the
goal of the crypto was to like start a community and a way for

(19:39):
everybody to be connected together.
This was a really great way to connect her fan base.
So it was about community, Kashawn.
Just start a block. Like start a forum like what the
fuck? Go to the go to the R slash,
talk to a subreddit or some bullshit.
You don't. No, literally.
You don't need a meme coin. No, you literally don't need a

(20:00):
meme coin. The team assured people that the
HAWK token was safer than other crypto currencies.
Now Hawk token had a presale which from my understanding is
very very common with these token launches.
So what will happen in these presales is that they will, as I
said earlier, sell or give away tokens, sell them at a
discounted rate. Usually the people who are able

(20:23):
to buy into these pre sales are people who are associated with
the sellers. So this could be friends, this
could be colleagues, these couldbe friends of friends.
But you do have to know them in order to purchase the coin so or
the token. The pre sale of HAWK tokens
raised $2.8 million out of valuation of 16.69 million.

(20:48):
When the HAWK token opened to the public, it had a 15% fee on
trading. So this is considered really
high and it's come under a lot of scrutiny, but we'll talk more
about that later. In 24 hours they had made $22
million off of just this fee. The Hawk token launched on the

(21:09):
Solana blockchain on December 4th, 2024.
After its launch it grew exponentially.
It launched with the market capitalization as I just said
because of the pre sale at 16.69million.
Now doing this caused it to haverapid increase in the market
capitalization and within hours the tokens market value became

(21:33):
$491 million, which is a lot of money.
But then it collapsed. The tokens market capitalization
went down 90%, dropping below 100 million in less than a day.

(21:55):
Those who bought into it lost a lot of money and it obviously
impacted them financially. It's also safe to assume since
this was marketed towards normies, people who didn't were
not previously buying into crypto, that they probably were
not particularly wealthy and that loss impacted them

(22:15):
substantially. This is also the problem with
meme coins in general is that there's no like basis for the
generation of tokens. Like they can basically just
create an infinite amount, whichliterally means that they are
worthless. I mean, even like the way that

(22:36):
it works with Bitcoin, for thoseof you that don't know is that
is that there's this computing that goes in that that you
basically mining the coin you like put in computation power to
generate a hash like on the blockchain.
And whoever generates that gets like a crypto coin.

(22:59):
So if you put some compute powerinto it, you'll get like partial
coins over time. That means that like work has to
be done and time has to be put in to get a coin.
But with these, you can just literally just generate them
like out of your ass. And then so they're not worth
anything. It's like, it's literally like
Monopoly money. So it, it's crazy that these can

(23:21):
be like valued up to half a billion dollars almost, you
know, And then when it's worth that much, these people who have
a bunch, they sell it all. And then it's it's worthless
again, because that's how it works.
Yeah. So it's it makes no sense.
Buying into this, into any of these is the stupidest

(23:41):
investment you can do. Yeah.
And people need to know that, you know, throwing your money
into your. Garbage fire.
Yeah, I saw a podcast with a friend of hers saying that he
invested $10 million into the token, which is it's an insane
amount of money. That person's an idiot then.
Yeah, well, correct. He was like, oh, that's my girl,

(24:02):
like, you know, whatever. But only to find out while he
was being interviewed that the token tanked.
And when he tried calling Welch,so he was on the interview and
he was like, what are you talking about?
That it tanked. And they're like, no, dude, it
like it's tanked. Like your money's gone.
And he was like, let me call her, let me call her.
And he was trying to call her while he was being interviewed
and she wouldn't answer his calls.

(24:23):
She. Was probably getting quite a
few. Yeah, he's probably not the only
one calling her. Obviously this caused a ton of
outrage. People immediately started
saying that it was a pump and dump scheme or a rug pool and
called out everybody involved inthe project.
So if you are not familiar, a pump and dump scheme is when

(24:45):
quote fraudsters. Fraudsters typically spread
false or misleading information to create a buying frenzy that
will pump up the price of the stock and then dump the shares
or in this case a coin dump the shares of the stock by selling
their own shares at an inflated price.
A rug pool is when someone abandons a project and takes the

(25:07):
investors money. I personally think that this
situation is kind of a little bit of both because you had them
like promoting, promoting, promoting, promoting and then
we're going to get to it, but. Well, to be fair, rug pulls need
to need to pump and. Dump.
Yeah, you need to pump and pump in order to pull out the rug.

(25:27):
Yeah, because rug pulling isn't going to get you any money
unless you artificially increasethe price.
Of it exactly by. Hyping something up like Squid
Coin, which we talked about previously on the Blockchain
Blockheads episode. So feel free to go back and
listen to that. Welch also bought into her own
coin. Welch is actually locked in for
12 months without being able to sell, but tokens that were sold

(25:49):
during presale were unlocked at the token generation event,
which allowed investors to tradethem immediately after they were
launched. So 100, I'm sorry, 285 investors
joined the Hawk presale, which 89 of those wallets when it went
live sold 100% all their tokens.47 of the wallets sold more than

(26:15):
50%. Nineteen sold less than 50%, and
130 wallets sold zero, but 3.3 million was sold in total.
OK, now the fallout of all this.Like I said, people were
enraged. They wanted answers.
So on December 5th, 2024, a Twitter space was held to

(26:37):
discuss what had happened. Larson and so spoke on the
behalf of over here. During that Twitter space, so
explained that they attempted togo around American securities
laws. So I might be old here.
What is a Twitter space? What is this?
So what I understand is that it's like a discussion forum.

(26:59):
They went on and like had a almost like a live but it was
like OK. It was basically like a meeting.
OK. And they is.
There a zoom meeting but like through through X.
I'm yeah, that's what I understand.
OK, so it's a live audio chat room with X users.

(27:19):
Oh, cool. Yeah, call, Yeah.
It's literally a group call. You don't even see each other's
faces. It's just audio.
It's. A teams meeting I'll put on, but
on X. Yes, that's what it is.
So during that Twitter space, Clinton so explained that they
attempted to go around American securities laws. 17% of the
tokens were sold initially to a group of selected people, which

(27:41):
is like the pre sale that we were talking about.
They said that their lawyers advised that they would make the
two the two of the Moon Foundation an offshore entity so
that they could sell the 17% through that entity.
Now 96% of the supply was in onegroup.
The team made it clear that noneof them sold any tokens and that

(28:02):
none of the key opinion leaders were gifted free tokens.
I don't know if that's really accurate or not.
When questioned about the 15% fees, which is very high for
crypto, no one in the group could answer honestly about why
the fees were so high and also what was happening with the

(28:22):
money. They kept saying that a that a
foundation made was they kept saying that a foundation was
getting the money, but they couldn't say what foundation it
was or who was running it. They wouldn't answer really.
It was going to of the to the two of the Moon Foundation.
This is also just crazy because,like, doesn't this mean that
every time you buy and sell thiscryptocurrency, it's worth like

(28:45):
15% less than whatever it was traded for?
Because not only are you paying this price, but you're also
paying a 15% fee on top of it just to do the transaction?
Yeah. So the entire time, every time
it's bought and sold, it's like losing.
Value. Value, yeah.
Which is that can't be right. That can't be good, Yeah.
Right. Dumb this is.

(29:06):
Very dumb stupid. One of the members of the Hawk
group even said, who cares wherethe fees go?
Well, the people who paid them, it was the people who paid them.
And one thing that was really crazy.
So like on the blockchain, everyone can see what's going on
on the blockchain. It is not a secret, like I said
earlier. So you could literally see that

(29:28):
this money was just going straight into a wallet that it
was going straight into to the founders, the inventors,
whatever you want to call it, they were going into that
group's pocket. There was no hiding that.
But they kept lying and saying like, oh, we don't know.
We don't know where it went, I don't know where it goes.
Oh, I can't explain why there's this fee when the whole time you
can literally see where the money is going, which is just

(29:51):
stupid. The team claimed that there was
a crash, that the whole crash was caused by what is called
snipers. So according to Coinbase, NFT
sniping is the practice of swiftly identifying and
acquiring a newly listed undervalued NFT non fungible
token before others have the chance to do so.

(30:15):
This This tactic is primarily used with the intention of
reselling NFTS at a higher price.
Everyone who was part of that Twitter space though basically
said that that was bullshit and they all knew that.
Like this wasn't a sniper. This wasn't like people just
buying up these tokens to resellthem.
They were like, no, you're lining your pocket that.
Also wouldn't crash the price ofthe coin.

(30:36):
If anything that would like likeunless they were saying that it
was sniped at the beginning and they just bought all of it up to
inflate the value and then someone else like sold it
immediately. But that doesn't really make a
lot of sense because then someone else would have to be
there to buy it. Right.
Well, a lot of their actions don't make any sense.
So they're claiming that operation costs.

(30:59):
So they're one of the things forlike the fee that they're
talking about. They said that the operation
costs were high, but like. For a fake online thing, yeah.
OK. And for their foundation and
they were like, well, the fee isto also like keep this going
forever. And they're like, that doesn't
make sense. Yeah, none.
Nothing made sense. You got a lot of overhead for

(31:20):
like the the unpaid intern that you had Code Hawk.
Literally sure bud yeah. That they can never put on their
resume cuz it tanked. It was said that token holders
would be quote, decentralized shareholders in the quote,
common movement where the token holders in the project would

(31:41):
become mutual beneficiaries. When Clinton so explained this,
he said, and you know, like it'skind of a way that, you know, by
being shareholders in, you know,I guess the mutual holders in
this token, you know, you, you become mom, I guess like
decentralized shareholders in this kind of, you know, common

(32:01):
movement where, you know, we're both, you know, obviously we're
both beneficiaries ultimately, you know, you're the whole
holder of the token ultimately abeneficiary if the token does
well. What a.
Poignant. Yeah, what a salient point.
The Twitter space was an actual nightmare without much being

(32:22):
resolved at all. Welch herself became very
overwhelmed and ended up leavingthe meeting early.
Which I'm sorry, I'm going to play another clip, but it's just
so funny that. This is hilarious.
I need to. So she became really
overwhelmed. She was like, she decided to
leave and this is what she said.Hey guys.

(32:45):
Hey guys. Hey, to interrupt you Nick, but
hello there. But any who, I'm going to go to
bed and I'll see you guys tomorrow.
I'll see. I'll see you guys tomorrow.
Any who I want to go to bed. And what's so funny is after she
says that they're like the people who are on her team.
OK? Yeah, they're literally like,

(33:07):
OK, like, what do you say to that?
You have to just say OK. Sorry, sorry about all the feds
that are going to come after you.
Not literally. Sleep well.
Now there is a civil suit that'sbeing filed that the people who
invested in the token can get. They're trying to get their
money back. That chance, but you know, more
power to you. We'll see.

(33:29):
According to the affidavit, the HAWK token has all the
characteristics of an unregistered security under
established legal precedent. The token itself was never
registered properly. Now some people might find this
strange or shocking, but Haley Welch is not named as a
defendant in this case. It almost seems as if they were

(33:50):
just using her name and face to promote the coin to pull off the
scheme. Now Welsh that you can argue
that. She still has like, like she
needs to have autonomy though, you know, she is an entity needs
to know if someone is just usingher to do that.
Like she was still a big part ofthis.

(34:11):
The big part of it then. And I have a very hard time
believing that she did not financially benefit from this.
Yeah, like, OK, maybe she didn'tunderstand all the workings of
it, and maybe she didn't. She thought she could trust
these guys and they sold it to her a certain way.
But when the fallout is happening, like you cannot tell

(34:31):
me or I want receipts that none of this money went to her
because I just don't believe that none of the money went to
her. Well, I mean she has to be part
owner of the two of. Them right exactly which she.
Received the millions of dollarsin the fees.
So I don't think we can say. I don't think you have to say I
don't. I can't believe that she didn't

(34:52):
financially benefit off of this.I think we can say pretty
definitive. Oh yeah, she definitely did,
yeah. Financially benefit off of this,
yeah. Yeah, or I can't not believe is
maybe what I meant to say. But like she benefited
financially. I do think she should be listed,
listed in the I think she should.
I think she should be a defendant.
I don't think that she should just get away with this.

(35:14):
No, it was definitely at least partially her fault.
No, absolutely. She is involved in this,
Absolutely. I mean Walsh claims that it
wasn't a scam and that she wouldn't screw over her
followers like that. She posted on X saying I take
this situation extremely seriously and want to address my
fans, the investors who have been affected, and the broader

(35:34):
community. I am fully cooperating with and
committed to assisting the legalteam representing the
individuals impacted as well as help uncover the truth and hold
responsible parties accountable and resolve this manner.
Do I think she wrote that? No.
Of course not. No, I don't think she wrote
that. Her entire career has just been

(35:55):
a cash grab. Like I'm like, like it's always
been very corporate and like, like, what's the, what's the
word like? Not human like, not relatable at
all. The only time that she was
relatable when she was when she was on that street in Nashville,
Yeah. And she was being her drunk

(36:16):
self. That was really the only time
that she's ever been. And since then?
Genuine. Relatable.
Yeah. But like, how can I monetize
this? Which I mean like, hey man, like
that's your thing. Go for it, I guess.
And I can't blame her for wanting to modernize what she
could because I mean, she's 22. She working at a bed spring
factory. I can't think she, I can't
imagine that she's making a whole lot of money.

(36:38):
So OK, yeah, make what you can. But at the same time.
But if you get over greedy, I'm not going to be surprised if you
get burned too like you don't know what.
You're doing exactly and like also the people that were
involved in this, like do I wantto see anybody lose money ever?
No. But at the same time, like you
have to know what you're investing in and you have to
like research stuff a little. I don't know.

(37:00):
It's just like a very silly thing to invest in.
And I don't think that you can be shocked that you lost money.
Yeah, I think, you know, you didn't put money in the S&P 500
and like lose your shirt. You put you put it in fucking a
hawk to a coin man like. To put 10 million into hawk coin
or the hawk token is like crazy.Like, I'm sorry, you've just,

(37:22):
you've made a poor decision. Yeah, that was a bad choice.
And you're going to reap the Bennett the the like, you're
going to reap the consequences of that bad choice.
I don't know. What do you think?
Do you think Hayley Walsh knew what she was doing?
Or did greedy finance Bros just use her face to beat people into
investing in their token? I think it's a little bit of

(37:45):
both. Yeah, yeah.
I think they probably, this ideaprobably got pitched to her.
She was like, yeah, that sounds good.
Just make as much money as we can.
That's what I want to do, make money that sounds good.
Make a lot of money for me, OK? Yeah, And she seems like a very
naive young woman. You know, maybe I'm misreading

(38:06):
it. And she's actually, I mean,
she's got this far. Maybe she's like an evil genius,
right? But I feel like that's maybe not
it. But that being said, like,
you're in charge of like, what? You, what you as a person get
used to pitch. And you also made a bad decision
here. And unfortunately, like, like,

(38:27):
hey, feel bad for you a little bit, but like you did this.
I do and I don't like. Like you, you did this, it, it,
it's like just 'cause just 'cause you make a bad decision
doesn't mean you like get out of, get out of consequences.
No, you do have to, yeah. Yeah, you have to pay for the
consequence. Like there are consequences to
your actions. No, Hopefully 100% learns from.

(38:49):
This, I think that would be the best outcome.
Is that like, don't do this stuff?
Yeah. Absolutely.
Take responsibility for it. Since this has all gone down,
it's been several weeks since she has uploaded a new talk to a
podcast. I I know what am I gonna do?
What are you gonna do? There's only like 5 episodes, so
you're just gonna have to listento him all over again.

(39:11):
Sean, I'll. Just re listen for the fifth
time I guess. He's like, he's like, I listen
every night when I go to sleep, I listen to talk to us.
My favorite podcast. It is obviously this is not a
resolved case, everything is just now going down.
So if you know we get updates, we will definitely, definitely
give it to you guys. 15 seconds of fame turned into a lifetime
of shame when Haley Welch gaggedon finances Finance Bros idea to

(39:36):
get richer quicker with her meancoin.
Although Haley Welch wasn't the mastermind behind the scheme,
she did profit off of it and nowpotentially ruined her career.
Welch is a perfect example of what happens when we let greed
overtake us and ruin our lives, and that is the episode this
week. If you liked what you listened

(39:58):
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(40:20):
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(40:41):
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(41:01):
Kashawn is debuting today. Look at that sexy sexy sweater
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We try to do a fan submitted episode every single season and
yours could be next and I think that's it.

(41:24):
Sounds it to me. Thank you so much for listening,
and we'll see you next time on another episode of White Collars
Red. Hands.