He Spent Months Scamming Investors Using Snoop Dogg’s Name… But When Snoop Found Out, Everything Fell Apart

For months, the tech startup world buzzed with rumors about a mysterious new cryptocurrency project supposedly backed by none other than rap legend Snoop Dogg. The project, called “DoggyCoinX,” boasted slick marketing materials, exclusive events, and even a few convincing deepfake videos of Snoop himself promoting the coin. Investors from Silicon Valley to Wall Street lined up, eager to get in on the ground floor of what was billed as “the future of hip-hop and blockchain.”

Behind it all was a man named Derek Foster, a small-time hustler with big ambitions and a knack for digital trickery. Derek had spent years jumping from one failed project to another, but when he realized the power of celebrity association, he saw an opportunity too good to pass up. He built a website, hired actors to pose as Snoop’s “business team,” and even created fake email chains between himself and Snoop’s management.

The money poured in. In less than six months, Derek had scammed investors out of over $5 million. He spent lavishly—private jets, luxury cars, and penthouse parties—all while keeping up the charade that Snoop Dogg was just weeks away from making a public appearance to endorse DoggyCoinX.

But the higher Derek climbed, the closer he got to the sun.

It all unraveled one Friday afternoon when Snoop Dogg’s real management team started receiving strange messages from fans and business partners asking about the new coin. At first, they dismissed it as another internet rumor. But when a trusted friend forwarded a deepfake video of Snoop “announcing” DoggyCoinX, they realized something was seriously wrong.

Snoop Dogg himself, never one to back down from a fight, took to Twitter: “Yo, I don’t know what DoggyCoinX is, but it ain’t me. If you got scammed, hit up my team. We takin’ action.”

Within hours, the story exploded. News outlets picked up the tweet, and angry investors began demanding answers. Snoop’s lawyers launched an immediate investigation, tracing the scam back to Derek’s digital fingerprints. The FBI was soon involved, and Derek’s world went from high-rolling parties to high-stakes panic.

Derek tried to disappear, but the trail of evidence was too strong. Within days, he was arrested in a Miami hotel, caught with a suitcase full of cash and a laptop still logged into the DoggyCoinX admin panel.

The fallout was swift and brutal. Investors sued for damages, and Derek faced a long list of charges, from wire fraud to identity theft. Snoop Dogg, meanwhile, used the incident as a platform to warn fans about the dangers of online scams—and even released a new track inspired by the ordeal, turning pain into art.

In the end, Derek’s scheme became a cautionary tale about greed, digital deception, and the power of celebrity in the age of social media. And as for Snoop? He reminded the world that you can’t fake the real thing—and that if you mess with the Dogg, you’re gonna get bit.