Back in the 90s I started trading for others and I lost half of this couples $25k account in first week by making good trades...well...I lost too, then wife comes up to me and says her husband had penned in her signature on the account and that money was going for down payment on a house, they had three kids. Pluck, she took me to house they were going to buy, so I told her on day they make an offer, I reimburse "her" in person. She had brokerage wire her fund next day and three days later she made an offer and I gave her what I lost, never will forget her smile. She later divorced, and she still invites me over for dinner every couples months no matter who she dating, still living in the house, have gone to each of the childrens' graduations and walked two down the aisle. You sometimes have to bite the bullet, you make mistakes and this is certainly a business to do the right thing. If I don't have my money into something, how can I put ALUM into it? I know it is eating in to you by words you wrote in your post, it most likely eat you for years. Either money or working for free sounds about right to me, how about you? Make an offer, show your friend's boss the man you are.
Lost all friends boss's money
- Thread starter RollTheDice
- Start date
Back in the 90s I started trading for others and I lost half of this couples $25k account in first week by making good trades...well...I lost too, then wife comes up to me and says her husband had penned in her signature on the account and that money was going for down payment on a house, they had three kids. Pluck, she took me to house they were going to buy, so I told her on day they make an offer, I reimburse "her" in person. She had brokerage wire her fund next day and three days later she made an offer and I gave her what I lost, never will forget her smile. She later divorced, and she still invites me over for dinner every couples months no matter who she dating, still living in the house, have gone to each of the childrens' graduations and walked two down the aisle. You sometimes have to bite the bullet, you make mistakes and this is certainly a business to do the right thing. If I don't have my money into something, how can I put ALUM into it? I know it is eating in to you by words you wrote in your post, it most likely eat you for years. Either money or working for free sounds about right to me, how about you? Make an offer, show your friend's boss the man you are.
Because nobody was every murdered by car running over them or clubbed to death or you now, by poison from Russia with love.
Anyhow, dead man pays no debt. The hitman can just break your leg and tell you to play with the rest of your money until you are able to pay the 300K back. Or embezzle it. Lots of other versions too...
But you could also talk to a lawyer...
Why did you black out your portfolio balance? How do we know your portfolio is really 7 figure? And I will tell you no matter how rich a person is, losing money is never going to be good especially if he's Chinese, that $300K is ¥1,924,470.00 in his local Chinese currency. according to Bloomberg rate. You just lost him ¥1,9+! You should now hope and pray he is going to just sue.
"Suzanne takes you down to her place by the river......"
For the Canadians here, "Suzanne" refers to Suzanne Verdal who did actually live in a van down by the river- the St. Lawrence River in Montreal.
For the Canadians here, "Suzanne" refers to Suzanne Verdal who did actually live in a van down by the river- the St. Lawrence River in Montreal.
If the boss is Russian, you - dead. Other than that, I see no problems.
Nothing adds up,I kind of think you never been to anywhere but few US States.First British use their own lingo,if you did live there you would be under UK branch of IB ,not LLC and ping would indicate your actual time zone regardless of switch on your computer clock.Very few Brits follow NYT,if you were hooked to IP in UK it would be Yahoo UK.
The bottom line is you failed to gain education and this is just embarrassing.
When you save some money please travel the World,it's so different from your four corners
The bottom line is you failed to gain education and this is just embarrassing.
When you save some money please travel the World,it's so different from your four corners
Ok folks, So I called couple of law firms this morning. They wouldn't talk much unless I become a client but I really think he has no chance of winning the case. Think about it, some hedge funds blow up overnight and they have a written agreement but clients still can't do sh*t. He knew the risk when he invested with me.
On the downside, defending myself could cost me up to $50k. So I have an offer for him. I will meet him tomorrow and tell him he has a choice to either sue me which won't result in anything or I can just pay him the money I'll be spending on my legal fees ($50k). I think he will be happy with $50k. This guy has already lost triple this amount trading CFDs.
On the downside, defending myself could cost me up to $50k. So I have an offer for him. I will meet him tomorrow and tell him he has a choice to either sue me which won't result in anything or I can just pay him the money I'll be spending on my legal fees ($50k). I think he will be happy with $50k. This guy has already lost triple this amount trading CFDs.
Oh please! I trade the US stocks only so I have to follow the US very closely. Why don't you take the screen shot of yours? I'm pretty sure IB LLC shows up!
He can always say that you told him proper diversification mechanism but when gotten access to the account you invested in one position going for all or none outcome. He had signed up for atleast half way decent portfolio management and not gunslinger's shoot out.
Do not know the rules in UK but in US a PM can take upto 14 high net worth clients without requiring registrations. So in other words, an investment management agreement, even plain vanilla, was there and that's why he gave you account passwords. He will have your friend, who is his employee vouch for the same.
You might be better off giving hims $50K upfront and depending on how you perform in your million dollar portfolio in coming years, you give him another $100K from your returns. 50% loss for him and issue is closed.
Tell him to give you another shot with another $300K.So long as he is a gambler himself,I think he should agree.Tell him at this time your cut would be 15%.