“If you are watching this video right now, it means na na-upload na siya ng admin ko as per my instruction. And at the jjnnmoment nasa loob na ko ng eroplano boarding, getting out of the country para magtago muna because I have a 5 million pesos bounty on my head, dead or alive, by a certain syndicate.“
Xian then went on to explain the purpose of his viral video, and why he chose to post it online instead of bringing it to the proper authorities. He said he was scared that the matter might get concealed if the authorities were involved in the ‘mega scam‘ that he was about to talk about.
He said:
“In this video I won’t be talking about bitcoin as a market, as a crypto currency, or as a global trend or as an investment. What I’ll be talking about is the mega scam behind it here in the Philippines by a group of people. I will show you later how this scam works. Uhm, bakit hindi nalang ako lumapit sa authorities? Ipakita sa kanila or gawin ‘tong exposé na ‘to? Because I’m afraid na baka ma-conceal lang and hindi lumabas ito because you know money matters.”
He explained that he became part of it a few months ago when ‘they’ approached him. Xian admitted that he contributed his ideas, knowledge, and even resources to create the whole system. However, he said that he did not expect to be a victim of the scam itself. According to Xian, Php 34 million was embezzled from him. The said amount was not his, but rather, his investors’ who entrusted him with their money. He explained:
“I feel like I became part of it because a few months ago, knowing me, knowing me, they approached me. And we had a series of meeting and nakapag contribute ako ng ideas, knowledge, and even gave certain uhm resources and connections with the entire system with the entire scheme na nakakalungkot isipin na the system where I somehow become co-creator. Ako mismo ay naging biktima nito. Because I took 34 million pesos from multiple investors and they took it from me. So wala. That’s why nandito ako ngayon, doing this media, doing this exposé.”
Xian then proceeded to explain the whole scheme behind the Bitcoin scam. He claims that a certain syndicate is behind all the Bitcoin operations here in the Philippines. While Bitcoin in itself is not a scam, he alleges that the syndicate uses it as a front to lure people into ‘investing‘ – believing that their money was going into Bitcoin. As more people ‘invest’, they ‘see’ that their money is growing, so they don’t cash it out. They don’t even try to get their initial capital. Instead, they use the interest they earn to re-invest in order to earn more money.
However, Xian claims that this is the scam. As the pool of money grows and no one cashes out, the syndicate liquidates it by laundering the money to foreign companies which earn 10% of the total amount. They then keep the said money for themselves. He warned that this scam will not last forever; it will soon burst and the investors will be left with nothing.
After his explanation of the ‘mega scam’, he explained again why he made the said video:
“The question now is bakit ko ginawa itong exposé na ‘to? What’s my purpose? Kailangan ko lang ba ng publicity or whatsoever? I’ll be straightforward. My life is falling apart now. Ang daming problema. For the past 2 to 3 months, depression stage ako, financially hirap na hirap because you know the 34 million na nagkaproblema recently. Because my personal investors siyempre naghahabol din with the money, domino effect.”
Xian added that he had to send his son away to protect him and keep him safe. He said that the video was intended to serve as his ‘redemption’ from all the evil things he has done in the past:
“I feel like exposing this one is a redemption to myself. After all the wrongdoings na nagawa ko, even yung na-expose ako before as a scammer. They called me a national scammer because you know marami din akong nagawang mali sa buhay ko I’ll be honest. And I feel like I need to stand up now against this evil shit that I’ve been doing.”
He then closed the video with these last words:
“For the first time in my life in how many years I did the right thing.” “I hope madami akong masalbang pamilya na pwedeng gumuho because of this scam, buhay na masira because of this scam.”
Xian S. Gaza first gained infamy when he asked actress Erich Gonzales out on a coffee date using a billboard earlier this year. He captured the imagination of the country as he was portrayed as the rich, young, CEO of his own company who merely wanted a date with Erich. However, he was soon exposed as a ‘scammer’ and a ‘fake’ by ex-business partners and people he has dealt with in the past. Xian then became known as the “national scammer”.
In the posted video, however, Xian claims that he wants to help out the families and individuals who might get scammed by the syndicate he was referring to. He even commented on his video:
“Take it from the “National Scammer” himself. If about your medical health, you consult a doctor. If about engineering, you look for engineers. If something to do with science, you need a scientist. So if you need to know about scam…?”
Despite all this, a lot of netizens were still wary of the video and everything that Xian S. Gaza said in it.
Watch the whole video here:
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