A pleasant trading error

C

Cutten

I checked my account statement today, and found that the settlement price for one of my products was priced incorrectly. As a result, my statement is currently showing a balance of slightly over $50 million. Question is, what should I do?
 
I once had one of those in the early days of paper futures statements sent the next day to you.

Think I've still got it framed somewhere!

I didn't say a thing - I thought I would give it at least a week before escaping the country with the loot :p

In any case they reversed the error in the following day's statement.

Nice while it lasted.
 
You obviously need to buy futures! Get a little wheat, a little corn, some cattle and maybe a few stocks. Oh yeah, might as well buy a lifetime supply of oil futures too.

And, send a nice 'thank you' note to your broker.

You probably should try to corner a market like silver or something too.
 
Wire the money to me. I will "launder" it, and return it to you in smaller increments that cannot be traced. Minus my 5% fee, of course.
 
Quote from Cutten:

I checked my account statement today, and found that the settlement price for one of my products was priced incorrectly. As a result, my statement is currently showing a balance of slightly over $50 million. Question is, what should I do?
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I had an error back in 2000 when I asked for a $11,000 wire to be sent to my bank account. They sent it twice and didn't notice it for almost 4 mos. However, their Reconcilation Dept finally caught on and I paid it back without a fuss.

I vote, keep it there and earn the interest. Of course, if you're willing to pack up all your stuff and move to a non-extradition country and willing to run from the IRS for the rest of your life (since I doubt you'll want to pay income tax on your winfall gain), then go for it.
 
Quote from dnaj65000:

I had an error back in 2000 when I asked for a $11,000 wire to be sent to my bank account. They sent it twice and didn't notice it for almost 4 mos. However, their Reconcilation Dept finally caught on and I paid it back without a fuss.

I vote, keep it there and earn the interest. Of course, if you're willing to pack up all your stuff and move to a non-extradition country and willing to run from the IRS for the rest of your life (since I doubt you'll want to pay income tax on your winfall gain), then go for it.
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anybody would take that deal. i would move anywhere with 50 mil.
 
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