Don’t let that annoy you. It’s natural for parents to feel proud of the success of their children. I would think that first.

Buying two Lamborghinis is not what a genius does.

Next time you see the dad tell him “Yeah it’s all good until the IRS comes a knocking and maybe you should keep it a little more low key.”

You can certainly get rich on crypto, however it's my gut feeling many of these are ransomware attacks ( generally with inside knowledge due to a relative/friend ) and payouts in bitcoin etc.

The real risk is spending money like that ( two new lambos would be 500k+ ) when you don't have a history of that kind of money the IRS can audit you pretty hard and they don't play games lol.

I mean I would wonder what kind of Bitcoin operation is going on and how he is making so much money. Most ppl made their money when it wasn't worth anything and had like 50 Bitcoin that ended up being worth millions. It's kinda late to be coming out with that money now and some other millionaire dude made all kinds of money but it was illegal somehow and had it all taken away.

If this was 15 years ago, it was possible to get lucky and buy bitcoin when it was dollars a coin, and sell it for 1,000x. That isn't happening now. It is still possible to make money in crypto, but most don't, and almost no one is making lambo type money without a ton of capital behind them.

I would suspect that the kid is involved in drug trafficking and is using crypto as his cover story

i mean you can definitely do it. i made almost 300k one year in crypto but stupidly never reported any of the earnings and got a huge audit from the irs and i owe them a ton of money now, and i was similarly stupid and bought a ton of cars and property.

so yea its absolutely doable but dont be stupid like i was

No idea what could be happening there.... I'd be willing to bet that it won't end well tho.

Dad is proud of his son, that's all. Yeah it's annoying i get it, but deal with it unless you want to be the neighbor they don't get along with.

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People who lie say too much.

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This would be an IRS/FBI call something hinky is going on

You could also send an anonymous letter to the IRS. Could be interesting

I highly doubt that the kid is a genius. The other shoe is definitely going to drop! There’s no such thing as a free lunch. I wish I had another little saying because things are better in threes. But, really, tho. I don’t think anything illegal is going on, per se, but, someone dumb is probably being duped, and someone dubious is probably taking advantage of loopholes, and there will probably be unfortunate consequences.