Dan Bilzerian faces bankruptcy and legal problems. YouTuber sheds light...

Dan Bilzerian, the self-proclaimed “King of Instagram”, is an American venture capitalist with 32.5 million followers on the platform. He is also an amateur poker player and has claimed in the past that he was honorably discharged from the US Navy SEALs. On Instagram, most of his posts are about his extravagantly rich lifestyle.

Dan Bilzerian has been criticized by some content creators in the past and has been referred to as the “man-baby” of Instagram by YouTuber Philion. His source of funding is Ignite International Limited, of which he is the CEO and founder. However, it has recently been claimed that most of his life is based on lies.

Dan Bilzerian faces bankruptcy and legal problems. YouTuber sheds light on the big “Bilzerian” lies

Back in July, Bloomberg reported that former Ignite president Curtis Heffernan had filed a lawsuit against the company alleging he had been fired for refusing to approve Dan Bilzerian’s extravagant spending.

The company was in poor financial shape and received $ 1.2 million in loans from the U.S. government in 2019 for its paycheck protection program. In addition, Ignite International Ltd. a loss of over $ 50 million last year, largely attributed to the CEO’s extravagant spending.

The company currently has more liabilities than assets, and Dan Bilzerian has basically been raising money from investors to fuel his expensive habits. In the video you see at the end of the article, YouTuber JAMARI talked about all of these issues and also questioned his poker skills.

Dan Bilzerian is widely regarded as an underperforming poker player and has been criticized for his Casanova-like lifestyle, especially among younger women. In addition, the company he founded is basically bankrupt while owing more than $ 40 million to investors. The YouTuber called Dan Bilzerian a scam and said his supporters should be more aware of these aspects before worshiping him on social media forums. You can see the entire video below.

Published on October 13, 2020, 12:43 am IST