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Swiftnice t1_iuaatfy wrote

Lol You made your transactions look fraudulent. You got what you deserved.

36

pearlescentVidrio t1_iuacwnr wrote

They were fraudulent

He used them to launder money, and he is now playing dumb.

16

Swiftnice t1_iuadka5 wrote

Yea your right. Just the idea that he actually used a cashiers check to deposit then wire transfer the money out so quick was a huge red flag. Also the fact that ameritrade doesn't just give everyone access to options right away is why they are better than robinhood.

15

FukkenSaved t1_iuayjyf wrote

So why not also stop people from investing in leveraged ETFs, cryptocurrencies, single stocks, other countries, or anything but short-term treasuries since they know better than us?

We're grown-ass adults and we don't need anyone telling us what we can or can't do with our own money.

1

Phish100 t1_iuad7li wrote

Money started and ended in the same bank account lmao. You don’t know what u talking abt

−16

pearlescentVidrio t1_iuadhob wrote

I do actually. You deposited “dirty” money and got back “clean” money. It’s fungible. You had no source before, which is why you had ACH problems. Now you do, TD/“investing.”

This is my line of work. You literally performed money laundering, albeit shittily.

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computermademedoit t1_iualrfn wrote

OP is dumb but theres no part of this story that allows you to know for sure the money was dirty when it was deposited. All we know it was a cashiers check.

He committed fraud on the paper work, thats known. But we don't KNOW that he laundered dirty money. You just suspect it.

Settle down sherlock holmes

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pearlescentVidrio t1_iuannxp wrote

That’s now how AML compliance works.

The burden of proof is reversed. He has to prove it was/is clean.

Until then, it’s dirty. This isn’t a “beyond a reasonable doubt” criminal proceeding.

0

computermademedoit t1_iuavtky wrote

Even if I granted you this, which is sort of silly since this is a subreddit post and not an AML compliance review, it sounds like everything was fine. Sounds like they are releasing his money after hours on the phone with customer service.

I once deposited 100 dollars into a sports book because I saw odds online and I wanted to make a bet. When I got to the sportsbook the odds had changed. I withdrew my 100 dollars and they put it on a hold for similiar issue - to prevent money laundering. I told them what happened, sent my ID, then eventually released my funds.

Did I launder money there? No, clearly not, though the burden of proof to the casino may have fallen on me I did not in fact launder money.

And very likely OP didn't launder money either. He deposited money, found out he couldn't trade options, withdrew the money. This isn't money laundering and you have no evidence it is. You just suspect it is.

0

throwaway_tendies t1_iuagdmw wrote

How do I launder money non shittily?

Ask for a cartel friend…

4

pearlescentVidrio t1_iuah670 wrote

I bill at $300 an hour for my AML compliance work. $3000 retainer (evergreen).

4

throwaway_tendies t1_iuahf5b wrote

Alright lay it out for me, if it sounds good I’ll Venmo you

3

pearlescentVidrio t1_iuahj9i wrote

No. I’ll take cash. Up front.

This ain’t my first rodeo.

5

throwaway_tendies t1_iuahlke wrote

I can’t pay cash it’s not laundered yet

14

Jacarp05 t1_iuaj4ww wrote

So was it dirty money bc it was a cashier check? And he wired transfer out before it cleared?

1

Phish100 t1_iuadpp6 wrote

If I was laundering money don’t u think I would’ve transferred all the money out after selling shares rather than only selling some and transferring out only a portion

−10

pearlescentVidrio t1_iuaebjj wrote

No. Thats called “plausible deniability,” and covered in money laundering 101.

Aka “It could not possibly be money laundering because why wouldn’t I withdraw all the money.”

You’re raising every flag lol. It would have looked better if you did withdraw it all, like you just weren’t happy with TD.

You tried to save your account, keep it open, to do it again. You’re an idiot.

13

Phish100 t1_iuaf7jy wrote

I was keeping it open to use their platform, thinkorswim has the best charting out there which is why I chose them in the first place to switch to

−5

pearlescentVidrio t1_iuafdkd wrote

You kept it open to launder more money.

7

Phish100 t1_iuagnqf wrote

Nope, got money from employment, then made a shit ton off Bed Bath and Beyond short squeeze in a Robinhood account, tried to move it to a TD Ameritrade account and then moved it back to Robinhood after finding out I couldn’t trade options on TD

1

pearlescentVidrio t1_iuah0je wrote

Prove it. That’s your burden. That’s how AML compliance works.

2

Phish100 t1_iuahicc wrote

Prove it to who? TD has only sent me this along with other standard monthly statements about my account. They have not directed me anywhere nor has their customer support

1

[deleted] OP t1_iuaf5wc wrote

He said you did it shittyily.. you might not be aware, or understand how it looks, but to computers you had a new account making money move around fast. It raises flags. You will get your 15k after it runs the default investigation process your transactions triggered.

3

Snowwpea3 t1_iuatpv0 wrote

That the whole point of money laundering. To get clean money back.

1

Such-Combination5046 t1_iuabjbe wrote

Why the fuck did you lie? You think you're the big wick?

36

CartmanAndCartman t1_iuagizd wrote

For options trading yes you need to lie to get it approved. Yes I’ve traded options for 20 years and made thousands of dollars!

7

throwaway_tendies t1_iuae4q1 wrote

They don’t just close people’s account for no reason, something sketchy about what OP’s telling us.

What was their reasoning for closing your account?

9

enginvest t1_iuafe9e wrote

Ok Mr Phelps, I don't think lying 'several' times was a good idea. I mean I can see you lying about the trading experience level stuff but lying about the income and networth isn't really necessary.

7

kodaksdad2020 t1_iuafbrt wrote

Nice job scribbling out the top then clearly leaving your name right under it lol

5

Cultist6661 t1_iuabqel wrote

Yeah u do know brokers have to at least appear to be on the up n up?

What on earth did u lie abt tho? I’ve lied abt a lot of stuff and never had any problems? If it was a margin thing that prolly spooked em 😆

4

Phish100 t1_iuac1xb wrote

No I only lied abt income and net worth because I thought that could affect their decision

−7

Cultist6661 t1_iuaf0xu wrote

Well, yeah it could. They may have a quick way to look at your taxes and if that doesn’t add up they may put the brakes.

We’re u trying to get the highest tier or something w like uncovered stuff? I had to jump thru a few hoops to get covered calls and options but I had my account w them for a few years at that point.

1

Phish100 t1_iuafrqg wrote

The highest tier on TD, which is level one on Robinhood, I was only given perms for tier 1 on TD which is just like covered calls

1

DerpySmirk t1_iuag3u4 wrote

a bad decision posting about fraud In a public sub

You belong here

4

Outis7379 t1_iuahatf wrote

How do you not get options and margin with 75k on TD?

Are those Zimbabwe dollars?

3

GammaGargoyle t1_iuaehgl wrote

When they run a credit check for a margin account, they see everything, income, work history, bank accounts, how many times you jerk off at night, if you’ve been flagged by banks for fraudulent activity. The only reason they ask those questions is so you can disclose anything that might not show up.

2

Tfear_Marathonus t1_iuaoy0e wrote

Bro, did you not understand lying on legal documents is fraud

2

DarkSailor06 t1_iuarc18 wrote

That's fraud Tyler you dumb fuck

2

FukkenSaved t1_iuarqbl wrote

I'm going to go through this process soon. I'll just keep kicking around the money I can afford to lose until I eventually find somewhere that lets me.

TD Ameritrade actually enabled level 2 for me before. I just never used it, and apparently they automatically downgrade it if that's the case.

I can imagine though if the place is designed from the ground up for options, like Tastyworks, they would probably be a lot more likely to let you.

But you're better off not being able to trade on margin. Don't worry, there are still plenty of arbitrage opportunities out there, especially for thinly traded options.

2

VisualMod t1_iuaa8qq wrote

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1

JustSayingMuch t1_iuau5qd wrote

Don't follow cultists. Use what works for you.

1

jerrydiamond69 t1_iuau6fd wrote

Fuck td ameritrade and robinhood you silly squid!

1

Darth_Laidher t1_iuamv92 wrote

Sue them if they are illegally holding your funds.

0

VisualMod t1_iuaa9ae wrote

>I'm sorry to hear about your troubles with TD Ameritrade. I would suggest contacting a lawyer or the Better Business Bureau to file a complaint against them.

−8

thenewredditguy99 t1_iub5djc wrote

So….file a complaint against the broker for following AML policies? Sure. Like that case would be taken seriously at all. 😂

Same story with a lawyer. They would throw that case right out, because it has no merit.

OP tried to move a sum of money in excess of $10,000 in too short a time frame, and triggered TDA’s internal systems that assumed they were laundering money. OP even admitted to it. OP moved money in, found out they couldn’t trade options, and moved that same money out.

Look up the Bank Secrecy Act.

1