Codie Sanchez Is a Scammer, and her Course

[versacestove]

what blows my mind is how many actual finance bros fall for it. one of my guys from GS paid 4k for a pitch call. got the same checklist you could pull off bizbuysell for free.

 

[CapitalStacked]

what blows my mind is how many actual finance bros fall for it. one of my guys from GS paid 4k for a pitch call. got the same checklist you could pull off bizbuysell for free.

they want to believe. people will pay anything for someone to tell them they’re smart and early.

 

[DividendOx]

bought into the laundromat pitch mid 2023 after watching like 10 of her videos. had a biz she said was “cash flowing 7k/mo” in jersey. real numbers? 2 employees paid under the table, plumbing shot, and 3 of the 5 dryers weren’t hooked up to power. seller note was structured over 36 months but the actual agreement had a clause letting him yank back ownership if I missed a single payment.

traced the entity ownership on sunbiz and it wasn’t even under her name. she posted walkthroughs like she owned it, but the title never touched any corp tied to her. the SDEs are pumped, the contractors are mostly ghost, and the “playbooks” are google doc templates with chatGPT logic.

i had to eat a 15k loss trying to flip it after 2 months. found out the broker was one of her interns who was also selling a nail salon that had three tax liens on file. can’t believe i fell for it.

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last thing i’ll say on it: if the business doesn’t make money day one without you injecting capital, it’s not cashflow. it’s a liability.