UFC’s flyweight Jeff Molina is currently under suspension from the Nevada State Athletic Commission (NSAC). Molina trained under controversial coach James Krause for the majority of his career.
Molina is 25 years old and has been with the UFC since a successful stint on Dana White’s Contender Series in 2020. He is 3-0 in UFC and has an MMA record consisting of 11 wins and 2 losses.
Molina was supposed to face Jimmy Flick on January 14th card in Las Vegas but withdrew from the contest. He withdrew a day after UFC announced that they won’t be featuring any athletes training under James Krause. This was in fall out from the fight-fixing investigation that is still ongoing.
It’s commonly believed Krause started his betting discord in April of 2022 but there are indicators that he was already winning big by that point.
Screenshots provided by MMA hour’s production staff confirm that “1% club” discord started at April 8th of 2022.
Krause had already made at least 5 figures before the discord even became famous. On his facebook he shared a series of images of himself on a shopping spree in Las Vegas. He purchased a Richard Mille watch.
Richard Mille RM 67 watch will set you back at least $200,000.
But months before Krause went public, Molina went on a podcast and bragged about how James Krause is showing him the ropes of MMA betting.
In November of 2021, Molina went on the MMA Lock of the Night podcast where he opened up:
“I was telling you this off camera, but it was I’ve gotten really heavy into betting probably since late July, like before it was $20 plays, you know, at most $50 plays. And my heart was racing at that point. And then late July is when I start treating it like a job. My coach James Krauss is, is really good at this man.”
Molina went on to say Krause was his mentor:
“he’s a mentor to me and he kind of taught me the, kind of showed me the ropes. ”
Molina detailed he was obsessively watching tape adding:
“And I hate to ramble, but it’s just I treat this like a job. And it’s worked really well for me the last couple of months.”
Molina explains he got into it after quitting his fulltime job to do MMA. He was paranoid about the chances of a catastrophic knee injury that could leave him unable to provide for himself:
“I was like, Man, no passive income coming in. I could blow my knee tomorrow and yet and not fight for a year.”
“So I had to talk with James and he told me about what he does. And man, we’ve been killing it.”
Molina details he also went into stocks – and ended up losing $3000 dollars. Krause’s discord was marketed as a community for crypto, stock, real estate investments and MMA bets.
Molina is currently still ranked as #13 flyweight in the official UFC rankings.