Warren Buffett’s 28-Year-Old Power Lunch Guest Is a Fraud

A budding Chinese cryptocurrency mogul walked through Incheon International Airport’s shiny, lofty departure terminal. Sun, a budding Chinese cryptocurrency mogul, walked through the polished atrium of South Korea’s Incheon International Airport departure terminal. It was September 2017, which was the height of the crypto craze. An ICO, also known as an initial coin offering or initial public offering, is a way to get a stock in the market. 

It is the first time cryptocurrency traders can buy a new token. Sun didn’t worry about how much he could make if the ticket were successful or what he would lose. Tron, Sun’s company, had introduced TRX, a hugely successful coin that quickly 孙宇晨 巴菲特 sold out for $70 million. Sun had to deal with the fact that the Chinese government had ban ICOs just days earlier.

The state claimed ICOs were used to perpetrate financial fraud, scams, and pyramid schemes. This is a plausible claim, as hundreds of dubious cryptocurrency tokens were launched in 2017. There are many reasons people buy into initial coin offerings. Some because the coin’s blockchain technology is promising. Others because they believe that cryptocurrency’s value will increase exponentially over time.

Many times, coin founders sold tokens for large sums of money and crashed the value of every other investor. These were called “exit scams” or “pump and dumps,” They bilked cryptocurrency buyers for billions. So many people were scammed that the United States Securities and Exchange Commission couldn’t file charges fast enough. Sun waited for a flight at Incheon International Airport a week later due to the Chinese government’s ICO ban. According to his story, Justin believed he was an escaped criminal and was willing to take off at any time.

His contacts allegedly informed Zhao about the imminent government ban. Zhao stated that he had learned about the impending ban on ICOs through his connections. Through social media, it seemed like they were on a business trip.

Sun boarded the plane and was waved by aircraft marshals across the tarmac. It flipped its sky-blue fuselage onto a runway, and the jet engines blasted. Sun was then in flight. He was heading for San Francisco, his first escape. Sun discovered early on that you can make lots of money in cryptocurrency. However, it would be best if you were ready to get out before it gets you.

In this story, 15 sources spoke with me on condition that their names not be released because they fear reprisals from Justin Sun. These are former and current employees of Sun’s numerous ventures in China and America. Sun’s businesses are also known to one source. This story is also based on hundreds of pages worth of leaked Tron documents. They provided insight into Sun and his company’s financial dealings. More than one person was concerned that talking to me might endanger their lives as he reported this story.

Sun refused to answer questions despite being repeatedly asked. Harder LLP is the litigation counsel for Sun’s companies. It responded by saying that this story was “another attempt by Mr. Harland-Dunaway at tarnishing Justin Sun’s reputation.” Poloniex and BitTorrent won’t respond to these accusations.

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