“Tinder Swindler” Credits Bitcoin Profits For Lavish Lifestyle

Simon “Tinder Swindler” Leviev has denied allegations of scamming multiple women, claiming that his luxurious, high-paced lifestyle was funded by the profits from Bitcoin investments. 

Banking On “BTC Profits” To Counter Allegations

Simon Leviev gained notoriety following the release of the Netflix documentary “Tinder Swindler,” which showcased how he had allegedly scammed multiple women out of millions of dollars of funds. However, Leviev, whose real name is Simon Hayut, has denied all allegations. In a recent interview with Inside Edition, Leviev claims that his wealth stemmed from his sensible Bitcoin investment back in 2011. He claims that he saw the entrepreneurial value of Bitcoin ten years ago when he bought in heavily and has been holding his coins ever since. 

The Story Of The Tinder Swindler

The documentary investigates accusations from three women who have accused him of conning them out of hundreds of thousands of dollars. His alleged modus operandi started with Tinder, where he would meet women, thus earning him his infamous moniker. After matching with women, Leviev would allegedly take them out on luxurious dates littered with displays of wealth and grandeur to convince them of his affluent background. Soon after, Leviev would come up with stories of persecution from dangerous enemies and claim that he was not able to use his credit cards for business and personal expenses. Once these women lent him the funds he needed, he would eventually disappear from their lives. The three women who have come forward with their stories for the documentary have accused him of stealing a combined $500,000 from them. However, there are claims that he accumulated around $10 million from these fraudulent schemes. 

Could It All Have Been Bitcoin? 

There has been plenty of speculation about how Leviev was able to fund his luxurious lifestyle that convinced so many women that he came from a wealthy background. He had claimed to be the son of a diamond mogul and the heir to a vast fortune. However, the widely believed version is that Leviev used the money borrowed from each woman to impress the next. 

Leviev denies all such allegations in the interview and even stated that he never claimed to be the son of a diamond mogul. 

Instead, he said, 

“I’m a legit businessman. you know, I bought bitcoin in 2011, which was [then worth] nothing; I don’t need to say how much it’s worth now.”

Back in 2011, the price of Bitcoin was around $30 per token at its highest and $1 at its lowest. So if what Leviev is claiming is the truth, his 2011 BTC investment would give him returns in the range of 118233% to 3549900%. So the $10 million that he has been accused of stealing would have required a less than $300 investment back in 2011. 

Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.