Pretzel shop worker with $0.09 commits $1 million fraud buying meme-stocks before being busted
In today's video, we dive deep into the unbelievable story of a 23-year-old fast-food worker who managed to turn a mere 9 cents into a $200,000 trading spree on Wall Street. Deyonte Jahtori Anthony's audacious attempt to game the system with "instant deposits" led to a whirlwind of events, including a run-in with the SEC.
00:00 - 00:50 Introduction
00:51 - 01:42 $0.09 bank account
01:43 - 02:58 Instant credit when depositing funds to a broker
02:59 - 03:23 Buying $200,000 of meme-stocks
03:24 - 03:48 Broker freezes account
03:49 - 04:23 8 million % return?
04:24 - 05:08 SEC complaint
05:09 - 05:49 Why did brokerage allow this to happen?
05:50 - 06:47 Growth in "recreational fraud"?
06:48 - 07:29 Don't commit securities fraud
-The shocking truth behind the 9-cent Wall Street scandal.
-How "instant deposits" can be a double-edged sword.
-A breakdown of Mr. Anthony's meme-stock portfolio.
-The SEC's response and the legal implications of such actions.
-Questions raised about brokerage practices and their potential vulnerabilities.
As a former stockbroker and current consultant to the wealth management industry, I'll walk you through this case study, highlighting the do's and don'ts of investing. We'll also discuss the broader implications of such actions in the world of finance and what it means for individual investors.
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Watch video Pretzel shop worker with $0.09 commits $1 million fraud buying meme-stocks before being busted online without registration, duration hours minute second in high quality. This video was added by user Preet Banerjee 05 September 2023, don't forget to share it with your friends and acquaintances, it has been viewed on our site 2,31 once and liked it 17 people.