This is a story of how Brock Pierce ruined Christmas for over 150 families in Puerto Rico and his response when I confronted him about it.
NOTE: This is part three of a multi part investigative series that will explore the many facets of Brock Pierce and his vast criminal enterprises as well as various other unsavory and dishonest aspects of his life. Its part of an attempt to expose the facade and hopefully get the overall crypto community or community as a whole to start pushing for accountability and stop coddling the bad actors or looking the other way. For part one, click here. For part two click here. This is far from the last part.
Introduction: The Text Message That Broke Everything
On December 12, 2025, I, Jeremy Ryan also known as NFT Demon sent Brock Pierce a text message:
“Unless something crazy I don’t already know about happens before Christmas I’ll give you until just before Christmas before my next article which will center around the hospital closure and just how despised you are in Puerto Rico… Along with the tax cheats you’ve been using all these years knowing damn well you didn’t spend half the year in the country at least most of them… So I’ve once again given you a heads up and time to make the right choice… Thats never resulted in it being done but its not like it can hurt me either… The more personal shit comes later Nonetheless the hospital story is a perfect just before Christmas story… And maybe I can help raise some funds for the families you fucked that I haven’t directly helped yet…”
This was a final ultimatum: address the hospital closure, acknowledge the harm done, or face publication of a detailed investigation timed perfectly for maximum impact—just before Christmas, when the 150 families he’d destroyed would still be struggling.
Pierce’s response was characteristically revealing. He did not address the hospital. He did not address the 150 employees or their destroyed Christmas. Instead, he asked:
“Have you bothered to see what I do on Christmas and Hanukkah every year? Or all the other things I do to help people everywhere.”
What happened next was a brutal evisceration of the philanthropic facade that Pierce has carefully constructed over the past seven years.
Part I: The Facade—Charity as Tax Strategy
The Integro Foundation: Money Laundering as Philanthropy
This structure is not charity. It is a tax laundering pipeline: Act 60 beneficiaries donate money to Pierce’s foundation, receive immediate tax write-offs, and Pierce then directs those funds to “charitable” organizations. The beneficiary gets the tax benefit. Pierce gets control and credit.
The Numbers Don’t Add Up
Under Act 60, Brock Pierce pays zero capital gains tax on his estimated $700 million to $1.5 billion in cryptocurrency holdings. Zero. Not 20%. Not 15%. Zero.
Let’s do the math:
- Pierce’s estimated wealth: $1.5 billion
- Federal capital gains tax rate (if he lived in any US state): 20% base + net investment income tax = 3.8% to 23.8%
- Potential federal tax liability: $285 million to $357 million
- Puerto Rico Act 60 tax rate: 0%
- Actual tax liability: $0
He saves $285 million to $357 million in taxes by living in Puerto Rico.
Now, what does Pierce claim to give back to Puerto Rico? According to his own statements, Christmas and Hanukkah charity, plus miscellaneous donations through the Integro Foundation.
Pierce saves hundreds of millions in taxes while claiming credit for distributing fractions in donations.
My Response: Arithmetic of Moral Bankruptcy
When Pierce asked “Have you bothered to see what I do on Christmas and Hanukkah every year?”, my response said it all:
“I actually truly and fully believe that everything I have said has been truthful but all of that belief is based on your choices and actions and conscious decision to prove that literally everything you have ever said that can be objectively proven from where I’m standing and certainly literally everything that ever mattered you have proven indisputably through action isn’t true… And I get it you give a tiny portion of your wealth to help people and in return get tax breaks for it… That doesn’t say anything about morality… The fact that you would throw 150 families on the streets 3 weeks before Christmas negates anything and everything else you may do for whatever other tax breaks or brownie points you’re trying to score… It only proves that you don’t care at all about philanthropy unless it benefits you in a tax or facade sense… And once it stops you are fine with ruining lives.”
This is the core accusation: Pierce’s charity is not charity. It is tax arbitrage with a PR department.
I then offered an even more brutal but accurate analogy:
“The argument you are trying to make would be similar to if I killed a child… But I saved another one or maybe even two when it benefitted me… Then said ‘did you not see me save those two kids’… That doesn’t negate the one I killed nor the fact I’m a piece of shit for doing so… Unless it was out of necessity… So if you don’t have $3m to cover the deficit of the hospital it becomes understandable (and that may be the case because you’ve ruined your name so much only the worst deals come to you)… Then just say that… Otherwise you’re still being fake.”
Part II: The Hospital Closure as the Ultimate Proof
The Timing: Just Before Christmas
Hospital staff were told the closure was due to a $3 million deficit.
Think about the arithmetic of this: Pierce saves $285 million to $357 million in taxes through Act 60. He could not find $3 million—1% of his annual tax savings—to keep a hospital open for 150 families during the holiday season.
Instead, he closed it. Three weeks before Christmas nonetheless. Ever notice how the people who talk about their faith in god the most tend to do the most immoral things?
The Unanswered Question: Are You Really That Broke?
I then asked Pierce directly:
“All over $3 million while breaking laws to do it… Are you really that broke? How could you be within a month of a scam you made millions off of (ATH)? Explain to me what I’m not understanding here…”
This is the devastating question. In October 2025, Pierce had just extracted $334 million in outside capital for the POAI scam. Text messages proved he knew the token was toxic while making promises of resolution. He was actively profiting off fraud.
Yet one month later, he claimed he couldn’t afford $3 million to keep 150 people employed.
The only logical conclusion: Pierce made a conscious choice to prioritize extracting value over preserving livelihoods.
The Children: An Invisible Casualty
I even pressed further:
“Actually you ruined a lot more than 150 but the 150 gave their careers to you… You also ruined their kids lives too I don’t have a total number on that but of the families you fucked over that I helped they had an average of 3 children… If I save someone’s life one year then kill them the next what relevance does me saving them have?”
This is the number no journalist will calculate, but it matters: 450+ children lost their healthcare provider during the holiday season because Brock Pierce decided $3 million was too much to spend.
Pierce’s Christmas and Hanukkah charity—whatever the amount—did nothing for these children. Children of workers who had dedicated their lives to working for Pierce for the last year.
Part III: The Confrontation—When The Facade Cracks
The Pattern Recognition
What the December 12th text exchange revealed is not new behavior from Pierce. It is the crystallization of a decades-long pattern:
Exaggerate promises → Fail to deliver → Claim charitable work elsewhere → Repeat
He promised partners like Gonzalo Gracia commissions and then refused to pay them.
And now, he promised 150 employees permanent employment and stable healthcare provision—and closed the hospital without warning.
The Journalist’s Final Indictment
I ended by delivering the definitive closing statement:
“The worst part is that you saved more in taxes than you ever gave back. “
And that ended the conversation. Brock realized I wasn’t going to eat up his lies like some of the crypto community. But let’s quantify this:
- Annual Act 60 tax savings: $285-$357 million
- Estimated annual charitable donations through Integro and other channels: Periodismo Investigativo identified that Pierce-related nonprofits received and distributed hundreds of thousands to low single digit millions—but transparency is minimal
- Most generous estimate: Pierce gives away 1% of his annual tax savings = $2.85 to $3.57 million per year
In other words, Pierce’s entire annual charitable output would barely cover one hospital deficit that he himself created. But that doesn’t account for the fact that most if not all of his charitable giving isn’t even his money its money donated to him, through his “charity” so other people can seek the same tax breaks he gets.
Part IV: The Epstein Connection—Same Lie, Different Context
Text Messages as Documentary Evidence
Delaware Chancery Court records show these promises were lies. Pierce knew:
- The token had 87% losses
- The token had an unrestricted mint function
- The token was embedded in a rug pull ecosystem
Yet he texted promises of resolution.
The Same Lie Repeats in Puerto Rico
In December 2025, faced with a hospital running at a $3 million deficit, what did Pierce do?
Did he propose solutions? Did he text promises of resolution? Did he make public statements committing to keep the hospital open?
No. He simply closed it and waited for the backlash.
When confronted by me, he did not offer to solve the problem. He offered to discuss his Christmas charity work. But remember this was the same hospital that a year earlier he had told the New York Times that he had turned around and was now profitable. Parading around his buying of it as a testament to his charity.
This is the lie repeating itself: when confronted with consequences, invoke previous good acts and ignore the present harm.
The Pattern from EOS to POAI to Puerto Rico
- EOS (2017-2018): Pierce positions himself as leading a $4 billion cryptocurrency revolution. The project raised $4 billion in ICO capital but never delivered meaningful functionality. Investors lost billions.
- Tether (2014-2021): Pierce co-founds a stablecoin that later regulators discover had no actual reserve backing. The lie was documented but Pierce faced no consequences.
- Puerto Rico (2017-2025): Pierce positions himself as revitalizing an island economy. He abandons 14+ properties, exploits local partners, and destroys thousands of lives through failed ventures.
- POAI (October 2025): Pierce extracts $334 million while making false promises of resolution.
- Hospital (December 2025): Pierce closes a hospital without warning, eliminating 150 jobs, while claiming his charitable work justifies the outcome.
The lie is consistent. The venue changes. The behavior does not.
Conclusion: The Philanthropist Who Costs More Than He Gives
Brock Pierce is not a philanthropist. He is a tax cheat with charisma.
He saves $285-$357 million in taxes through Act 60. He distributes a tiny fraction (if any of his own money) back through his foundation. He claims credit for the donations while ignoring the systemic harm of his business ventures, failed promises, and destroyed livelihoods.
When confronted about closing a hospital three weeks before Christmas, he did not apologize. He did not offer solutions. He asked: “Have you bothered to see what I do on Christmas and Hanukkah every year?”
This is the response of a man who believes charitable donations can offset operational destruction.
My response was definitive and enough to leave him with the realization of his evil and greed and nothing left to say.: “The worst part is that you saved more in taxes than you ever gave back.”
This should be the only sentence anyone remembers about Brock Pierce’s “philanthropy.”
Sources
- Periodismo Investigativo: “Irregularities Found in Donations by Act 22 Beneficiaries to Nonprofit Organizations” (July 31, 2024)
- New York Times: “The Unraveling of a Crypto Dream” (August 13, 2024)
- El Nuevo Día: “Surprise closure of hospital in Humacao leaves 150 employees in the street” (December 2, 2025)
- World Socialist Web Site: “Humacao, Puerto Rico Hope Medical Center workers’ protest” (December 9, 2025)
- AInvest: “Puerto Rico Faces $4.5 Billion Tax Debate Over Crypto Investors” (April 21, 2025)
- Celebrity Net Worth: “Brock Pierce Net Worth”
- Prior Investigation: “Brock Pierce at the Center: How a Sexual Predator Turned Cryptocurrency Billionaire Became Jeffrey Epstein’s Money Laundering Infrastructure”
- Brock Pierce, Jeffrey Epstein, and the $334 Million Scam!
- CFTC Orders Tether and Bitfinex to Pay Fines Totaling $42.5 Million | CFTC
- The First Yearlong ICO for EOS Raised $4 Billion. The Second? Just $2.8 Million
- Text message exchange between myself and Brock Pierce, December 12, 2025
