Berkeley CSUA MOTD:Entry 17501
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2025/07/10 [General] UID:1000 Activity:popular
7/10    

2000/2/13-15 [Computer/SW/Unix, Finance/Investment] UID:17501 Activity:high
2/13    Brokerage gave me several times more money than I deposited.  While
        I'm telling them about it, what can the brokerage do if I neglect
        to tell them (not checking account status for a year for example,
        and not realizing it.)
        \_ try it and see
        \_ Use it to buy some hot stocks and pocket the earnings.
        \_ even if you didn't tell them about it, someone out there would
           be missing that money that they tried to put into their account
           so this mistake wouldn't go unnoticed for too long
        \_ Generally what has happened in the past is they figure it out and
           pull the money from your account.  If the money is gone, you owe
           them the money and they will pursue you for it.  They have the law
           on their side on this one.  I suggest leaving it there for now
           unless it was so much money it would be worth cashing out and
           fleeing the country.
                \_ I wonder what they'll do if the money is invested
                        in a hot stock, it goes up a decent amount.
                        Will they take out only what was put in?  Or will
        \_ Cool!! Which brokerage was it?
        \_ Call 60 Minutes re: your situation
                        they take any gains which were achieved by using
                        that money?
                        \_ Just the money put in minus the interest, not the
                           value you increased it by.  This is an interesting
                           hypothetical but I wouldn't do it.
        \_ My account had $4000 too much in it once. I left it in there
           and about two weeks later they fixed the error and sent me a
           letter explaining that they were withdrawing money and why. --dim
        \_ A similar thing happened to me.  I didnt realize it until 3
           months later, since I never check my statements (as long as
           its close, i dont care).  I still have the money. Closed the
           account with them 6 years after.  I purchased a used Lexus
           with it about 8 years ago while still in college.
                                     \_ Man, I feel for you. Fuck off.
        \_ You should not tell them about it, just let them discover it
           themselves.  The last time I told payroll about double income
           deposited, they deducted twice the amount.  Till this day
           I could not recover my 401k portion - lost in some bureaucratic
           maze.
           \_ That's what the ping of death is for! Are we there yet?
                 Are we there yet? Are we there yet?Are we there yet?

emacs user was here
\_ not this again...
cat user was here
sed user was here
yermom was here
angband user was here
2025/07/10 [General] UID:1000 Activity:popular
7/10    

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