His advice isn't accurate- aka enjoy it till I"m broke doesn't work I"ve become broke one over this, and using $3000 in 3 days is not what to do . but his facts about the scene ring true. The people in the industry are blood thirsty for money and prey on emotionally weak people.
I've literally had a Truman show type experiences where a new girl they introduced to me at the club that seemed to be my perfect dream girl in every way(Same university, same interests etc etc) was just a girl they had set up based on all the other information they had received from other girls I talked to and she must have done some studying into those interests. She of course claimed to be new to the industry and
After many many many hours the lies started to unfold and it become clear she had been set up.
It seems like an insane amount of work and thing for them to do, but when you are a known customer that they can pull thousands of dollars from they will do it.