Man's Get Rich Quick Scheme Taking Longer Than Expected

Mar 23, 2022

2 min read

By: Bobby Johnson, WTL

Updated: 6:15 AM CT, Wed March 23, 2022

Ryan Fredrick, 42, began his rise to fame with a get-rich-quick scheme. As many people do, Ryan was approached via email about an opportunity that was only available for the next few hours. If he didn't act fast then he would lose out on making a bunch of money. This opportunity required that he not ask many questions and give them his bank account to transfer the amount that would be discussed at a later date. Ryan urgently upload his bank account information and waited for more info. This was in June 2003.

If he didn't act fast then he would lose out on making a bunch of money

"I waited and waited," Ryan said. "They withdrew an initial six thousand dollars which I had saved after college. I then reached out to them again and they sounded confused." Ryan said they didn't understand his questions. "I asked them how much more they needed. I asked them when the investments would play out. What type of return I would see. They just said they'd call me back." They eventually did call him back and set up a payment plan for the investment. Ryan would be sending them $700 a month as an update to the investment for the foreseeable future.

"I then reach out to them again and they sounded confused"

The police eventually were involved. Not because Ryan called them, but because they were investigating a ring of online schemes and his bank account information came up. "We approached Ryan initially thinking he was funding the operation as a leader," Offer Carlson said. "But after speaking with him over the phone and then in person we realized he is just an idiot."

"They don't understand," Ryan said, after we approached him about being called an 'idiot' by the police. "It's called get-rich-quick for a reason. Even the police called it that! Why would they call it that if it wasn't going to work?"

"Why would they call it that if it wasn't going to work?"

Ryan went back to school to study finance with hopes to fund his investments in his scheme. He was an early investor in Uber and sits on the board of three different Fortune 500 companies. He is worth over $17 million. All of this in an attempt to fund his get-rich-quick scheme. "I'm just waiting for it to pay off, then everyone will see what a mistake they made."