A Heartbroken Wife Says Her Husband Hid A $200,000 Loan That He Lost In A Crypto Scam. Dave Ramsey Asks, ‘Where Did You Bury Him?’
A distraught wife called from San Francisco:The Ramsey ShowA few months after paying off $80,000 in debt and finally feeling financially stable, she said her family’s progress completely unraveled.
The story left personal finance experts Dave Ramsey And Jade Warsaw He was stunned. The reason was that her husband secretly took out a high-interest personal loan of nearly $200,000 and poured the money into cryptocurrency investments; This money eventually disappeared in what appeared to be a scam.
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Ana said she and her husband have been following Ramsey’s debt plan since 2022. As of May 2024, they’ve paid off about $80,000, leaving only the mortgage.
Then her husband started talking about cryptocurrency with his friends. He started investing small amounts and saw early gains. This success gave him the confidence to make a much bigger move, but without telling his wife.
“He took out a huge loan of $200,000,” Ana said. “When he told me that, I totally panicked.”
The money was transferred into various crypto assets, including XRP and Trump coins, through a platform called Pionex. Moreover, he also deposited $50,000 that belonged to his mother. Ana only found out what happened after the money was gone.
“So he I got scammed?” Ramsey asked.
“Yes,” Ana replied. “He lost everything.”
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The couple owes close to $200,000 in debt that they no longer own. His monthly payments total about $5,000. interest rates around 23%. Household income is approximately $10,000 per month. Their home is worth about $700,000, with $400,000 still owed.
Ramsey laughed loudly. “So where did you bury him?” he asked. a reaction to the extent of deception that captured the air of disbelief. He also added that their real problem isn’t high interest rates, it’s “stupidity.”
Beyond the material damage, the emotional breakdown was also evident. Ana said that her husband attributed this loss to divine punishment for going behind his back. Ramsey quickly shut that down. “No, God didn’t do this,” he said. “Don’t blame God when you’re stupid.”
Ramsey said not fully acknowledging the mistake will result in the same behavior being repeated later. “If you blame God, what will you blame next time? The devil?” He told Ana.
