Investors in Airbnb arbitrage business allege they were defrauded in scheme promising 'higher returns than the stock market'
ABNBAirbnb(ABNB) CNBC·2024-02-11 20:07

In this article ABNB Illustration by Elham Ataeiazar Daryn Carr is no stranger to side hustles. After his mom died from Covid in 2020, he used funds from her pension to pay off some bills and buy a car. With the remaining money, he invested in crypto and started an ATM business. One day in 2022, while scrolling through Instagram, he came upon another opportunity. Carr found a guy named Anthony Agyeman, who was promoting a type of arbitrage on Airbnb that involved taking listings from hotel booking and short ...