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Popular YouTube star Larry Reid is being slammed by online critics for once teaming up with a financial advisor recently sentenced to 21 months in federal prison for stealing thousands from her boss.
The preachy host of Larry Reid Live billed some of his 160,000-plus subscribers $24 a month for “exclusive patron access” to hear the stock market tips from so-called money guru Roslyn Weems — an executive assistant for a New Hampshire financial advisor.
“He was telling these people that they were stock [market] geniuses and that they can help you with the bull and the bear — and I think it was more or less more of the BULL!” says Marcellus McMillian, host of the Mad Church Disease YouTube channel.
For months the duo appeared in a variety of staged events spouting their Bible-thumping financial wisdom alongside Bishop Bernard Jordan of New York’s Zoe Ministries — a self-described “Master Prophet” capable of giving followers “insight and understanding” into what “God has planned for you,” according to his website.
“She [Weems] was not an investment advisor in any way,” a law enforcement source tells The National Enquirer. “She was more like a personal assistant or executive assistant, which was wild because she was on speaking tours, gospel wealth kind of stuff and claiming to be making 20 grand a month.”
Weems, known for her catchphrase “I short sell s**t,”, hit a career roadblock on Sept. 26, 2022, when she was indicted by the New Hampshire U.S. Attorney’s Office for pocketing $52,000 of her bosses’ Airbnb rent receipts, court documents show.
“Weems arranged to have the payments diverted to accounts under her exclusive control rather than an account associated with the property’s owners, and then used the payments for her own benefit,” U.S. Attorney Jane E. Young charged in a press release.
Reid, who touts himself as an actor, commentator, author, songwriter and spiritual leader, admits he cut ties with Weems before her indictment and claims he was unaware of her 2011 fraud conviction for pilfering more than $311,000 from a pension fund.
Indicted in August 2011, the now 52-year-old Mississippi native was sentenced to two years’ probation that same year after pleading guilty to one count of wire fraud, federal court records show.
When contacted by The Enquirer, Reid explained he split from Weems after a disagreement over the ways she was treating customers purchasing the books she was peddling online.
“There were no charges pending when she was dealing with us and we separated from her because she was not handling the book sales right,” Reid says. “I just had her speak on what she said she was an expert in and had no problems with her until she wasn’t sending people who partnered with my platform the books that they were buying.
“We were shocked like everybody else when we found out what she had done,” says the 47-year-old Reid, who asked The Enquirer to send him details about Weems’ 2011 case.
Weems, who describes herself as a book-writing financier and the venture capitalist founder of principal of Wealth Consortia, was unavailable for comment to explain why she ended up using court-appointed defense lawyers — usually for the indigent — in both cases.
Weems is expected to surrender to begin her prison sentence April 24.