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Yikes, good luck getting any of that $12,000 from him. Eat that loss as a penalty for being retarded and putting $100k in the wrong place. If you can claim innocence via "processing error" I can't imagine he'll have a hard time shirking responsibility either.
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Aug 26, 2016 03:05
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Just google "Theft"
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Aug 26, 2016 03:05
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GoGoGadgetChris posted:Yikes, good luck getting any of that $12,000 from him. Eat that loss as a penalty for being retarded and putting $100k in the wrong place. AHHAHAHAHHAHHAHHAHHAHAHHAHHAHHAHAHHAHHAHHHAHHAHAHHAHHAHAHHAHAHHAHAHHAHHAHAHHAHHAAHAHHA! (Deep breath in) AHAHHHAHAHHAHHAHAAAAAAAAAAAAAAHHHHHHHHAHAHHAHAHAHAHHAHAHHAHAHHAHHAHHAHAHHAHAHHAHHAHHAHAHAHHAHAHAHHAHAHHAHHAHAHHA!
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Aug 26, 2016 03:05
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Wickerman posted:He owes them X number of shares of stock. The stock price changed. He might even have brokerage fees associated with the sale. To be clear, it's because the stock price went up. If it had gone down, he would have gotten to keep the difference, less fees. Instead, since he owes them X shares and not some dollar amount, he has to repurchase shares at a now higher price to return to them.
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Aug 26, 2016 03:07
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Jeffrey of YOSPOS posted:To be clear, it's because the stock price went up. If it had gone down, he would have gotten to keep the difference, less fees. Instead, since he owes them X shares and not some dollar amount, he has to repurchase shares at a now higher price to return to them. 
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Aug 26, 2016 03:11
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Actually if there had been money made on the trade it would have belonged to us.  BankersAnd yeah, this is no different than any of those other stories of mystery deposits and the fools spending money that doesn't belong to them. This just happens to have a stock trading twist.
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Aug 26, 2016 03:42
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Jeffrey of YOSPOS posted:To be clear, it's because the stock price went up. If it had gone down, he would have gotten to keep the difference, less fees. Instead, since he owes them X shares and not some dollar amount, he has to repurchase shares at a now higher price to return to them. It's basically the end of Trading Places, and that guy is the Dukes.  "Margin call, gentlemen!"
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Aug 26, 2016 03:42
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VendaGoat posted:Just google "Theft" It's kind of like theft, if you went to someone's house and pushed $100,000 through the mail slot, then realized you had made a mistake. So yeah, exactly like theft
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Aug 26, 2016 04:38
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Zero One posted:Actually if there had been money made on the trade it would have belonged to us.
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Aug 26, 2016 04:41
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I'd like more stories of people thinking they've hit the jackpot with bank errors, only to screw themselves badly, please.
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Aug 26, 2016 04:55
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Jeffrey of YOSPOS posted:How you gonna prove he wasn't gonna short that much anyway? Look, not his fault he suddenly had a position he didn't know about. His horse gave him a stock tip. He was going to use the proceeds to buy a truck. Maybe the loss should just be rolled into a 7 year loan at 0%? e: Bank errors in New Zealand and Australia http://www.nzherald.co.nz/nz/news/article.cfm?c_id=1&objectid=10812642 http://www.nzherald.co.nz/world/news/article.cfm?c_id=2&objectid=11634317 Devian666 fucked around with this message at 04:58 on Aug 26, 2016 |
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Aug 26, 2016 04:56
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Zero One posted:Actually if there had been money made on the trade it would have belonged to us. heads i win, tails you lose, basically
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Aug 26, 2016 04:58
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BEHOLD: MY CAPE posted:It's kind of like theft, if you went to someone's house and pushed $100,000 through the mail slot, then realized you had made a mistake. So yeah, exactly like theft Yes indeed. Like if you find $1,000 cash on the ground you turn it in to the police, because it belongs to someone else. If you spend it instead, you're a thief, because you're knowingly taking and using someone else's money without their permission. Just because it comes into your possession doesn't mean it's yours.
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Aug 26, 2016 05:00
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In the United Kingdom:quote:Theft Act 1968: In Austraila: quote:A 21-year-old Malaysian student who became a multimillionaire by accident when a bank mistakenly transferred $4.6 million to her account, is facing charges after blowing most of the money on luxury goods. In Canada: quote:SARNIA, Ont. – A man who kept $100,000, that had been mistakenly deposited in his bank account was sentenced Monday to two years’ house arrest. In the United States (using Kansas state law as an example) quote:21-5802. Theft of property lost, mislaid or delivered by mistake. (a) Theft of property lost, mislaid or delivered by mistake is obtaining control of property of another by a person who: Also, quote:James Falzone made a bank deposit of $630 at Barnett Bank in New Port Richey, Fla., back in May 1985; a teller marked the bank deposit as $63,000. Falzone withdrew $47,000 four days later and paid off his MasterCard debt and some loans from Barnett and other banks (hey, at least he was financially responsible, right?). He was charged with grand theft. And he was convicted. So no, you don't get to keep it and yes, you will be charged with a crime.
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Aug 26, 2016 05:10
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The idea that the financial sector would leave itself culpable for any error it made while it has direct influence over all aspects of our laws and policy. Heh.
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Aug 26, 2016 05:15
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And here is the thing. Let's say this poo poo happens. Let's say you go to the bank and say "Hey, this poo poo isn't right, you done hosed up, but I want to make things correct, because hey, I'm a good customer." How many blowjobs do you think said bank would happily dispense to you, for doing the "right thing"? You just took a lender of a significant amount of cash, to the local populace (in the case of a small bank, in the case of a large multinational bank HOLY loving poo poo!) off the god damned hook for a (relatively) huge amount of cash. You're doing them a favor rear end oval office. So do them a favor you rear end oval office.
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Aug 26, 2016 05:16
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Thesaurus posted:I'd like more stories of people thinking they've hit the jackpot with bank errors, only to screw themselves badly, please. OH another error we had recently. Someone typed a bank account number in the dollar amount field for a deposit. Our system didn't have any sanity checks and deposited that amount in a client account. Our bank account numbers are 12 digits. That client briefly had almost half a trillion dollars.
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Aug 26, 2016 05:18
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Zero One posted:Our bank account numbers are 12 digits. That client briefly had almost half a trillion dollars. I'd like to speak to a branch manager, please. It's of "VITAL" importance.  Christ.
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Aug 26, 2016 05:22
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Strangelet Wave posted:Yes indeed. Like if you find $1,000 cash on the ground you turn it in to the police, because it belongs to someone else. If you spend it instead, you're a thief, because you're knowingly taking and using someone else's money without their permission. "Finders keepers" is an American principle. Right after "Got mine, gently caress you."
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Aug 26, 2016 05:25
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The biggest thing I'm getting out of these stories is that I need to know who Zero One works for so I can make sure I don't have any accounts with them.
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Aug 26, 2016 05:27
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Well we fixed the issue with no sanity checks on deposit amounts and that guy never tried to buy any private islands before we fixed the error so everything was fine.
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Aug 26, 2016 05:33
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Zero One posted:OH another error we had recently. Someone typed a bank account number in the dollar amount field for a deposit. Our system didn't have any sanity checks and deposited that amount in a client account. When having a .01% interest bearing account doesn't seem so bad!
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Aug 26, 2016 05:34
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VendaGoat posted:AHHAHAHAHHAHHAHHAHHAHAHHAHHAHHAHAHHAHHAHHHAHHAHAHHAHHAHAHHAHAHHAHAHHAHHAHAHHAHHAAHAHHA! I believe this is the gif you are after: 
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Aug 26, 2016 05:39
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I knew someone that transferred money from the Malaysian division of a bank to the Singaporean division of the same bank and had their ringit (10ish, I think, per USD) converted to Sing (1.2 per USD) 1 for 1. The Malaysian division contacted them about it but it took a while for the Singaporean side to fix it. They didn't do anything with it, but it was funny when it happened because it was a huge bank that presumably makes that transfer fairly frequently.
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Aug 26, 2016 05:41
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overdesigned posted:The biggest thing I'm getting out of these stories is that I need to know who Zero One works for so I can make sure I don't have any accounts with them.
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Aug 26, 2016 05:43
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Or maybe open more accounts in the hope that I fat finger your transfer one day?
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Aug 26, 2016 05:48
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Strangelet Wave posted:Yes indeed. Like if you find $1,000 cash on the ground you turn it in to the police, because it belongs to someone else. If you spend it instead, you're a thief, because you're knowingly taking and using someone else's money without their permission.
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Aug 26, 2016 05:48
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Jesus Christ how do people not understand, "Intent matters"?
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Aug 26, 2016 06:01
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Don't sweat it if you bank with Zero One. Wherever you bank, tellers are almost exclusively semi retired old ladies or young people that just moved up from food service. They have to type in 5 to 10 digit numbers constantly, all day every day, so gently caress ups happen all the time. When I was a teller, we weren't even required to log any cash drawer imbalance of $20 or less. Obviously this meant that everybody was $20 short every Friday night at closing. Be smart when you steal from the bank. Now that's GWM
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Aug 26, 2016 06:40
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crazypeltast52 posted:I knew someone that transferred money from the Malaysian division of a bank to the Singaporean division of the same bank and had their ringit (10ish, I think, per USD) converted to Sing (1.2 per USD) 1 for 1. The Malaysian division contacted them about it but it took a while for the Singaporean side to fix it. They didn't do anything with it, but it was funny when it happened because it was a huge bank that presumably makes that transfer fairly frequently. Ringgit is down but not that bad, it's 4 ringgit per USD (it used to be closer to 3, when the exchange rate for S$ was 1.2, now it is down to 1.35 per USD). Still, a huge error to make for such an everyday transaction.
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Aug 26, 2016 07:13
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I don't know, monopoly got a lot of things right about banks... like how the banker's sole goal in life is to steal every dollar they possibly can from the bank and gloat about it afterwards. BWM contribution: $500,000 in life insurance but I'm alone, have no close family, and have no debts. Just don't want to be a burden, if I gently caress something up accidentally on the way out the door feel free to sue my estate I guess? Does the gub'ment tax away all the "my bad" insurance if leftovers go to non-profits?
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Aug 26, 2016 08:05
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acidia posted:I don't know, monopoly got a lot of things right about banks... like how the banker's sole goal in life is to steal every dollar they possibly can from the bank and gloat about it afterwards. It's loving 3:10am on the East coast. Someone else answer this. ...
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Aug 26, 2016 08:11
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Wait, I'm sleepy and it just sounded wrong! A large part of my job is dealing with people who have screwed their families over before they passed away. I'm just a single dude who gets slightly discounted life insurance from work so I figured throwing money at it might make me good with morality?
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Aug 26, 2016 08:32
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It's now 3:35 am on the East coast. Does anyone want me to type out the game theory of; Your bank (which controls your credit history), Versus your Job ( which controls your current livelihood), Versus your wife/family (Which controls your micro version of your life, in regards to your most direct happiness and access to sexual gratification), versus your Macro view of your entire loving lifespan? Cause loving "lol" if you don't think some oval office hasn't done a cost/benefit analysis on your worthless as loving poo poo of a life, because someone with a shitload more loving "influence" is asking them if you, as a person, "can be trusted". You can kiss my entire rear end. All of it. Twice.
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Aug 26, 2016 08:39
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I'm legitimately sorry dude, I didn't mean the monopoly thing as a personal dig by any means. I just came over here and was enjoying bank chat and wanted to make a joke that I thought everyone could relate to.
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Aug 26, 2016 08:59
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acidia posted:I'm legitimately sorry dude, I didn't mean the monopoly thing as a personal dig by any means. I just came over here and was enjoying bank chat and wanted to make a joke that I thought everyone could relate to.  Which you did. No dig taken, no besmirchment observed. Humor is a good and rare thing in the finance industry. If you have a wife I would simply ask you to give her a hug and kiss. before you go to sleep. If you have children I would simply ask that you observe them, as they sleep and perhaps give them a kiss and hope for their best, while they dream. There is no reason to be sorry. Just, understand what the definition of "progeny" means. That's all. If you have a dog or a cat, you loving give them pets as well!
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Aug 26, 2016 09:04
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what the gently caress just happened
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Aug 26, 2016 12:43
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Im choosing to parse the last part of that post as "get a pet Guinea pig for your cat"
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Aug 26, 2016 13:09
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Weatherman posted:what the gently caress just happened Trump vs Hillary.
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Aug 26, 2016 13:10
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Weatherman posted:what the gently caress just happened Vendagoat has broken into his supply of amphetamines again.
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Aug 26, 2016 13:54
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