She's going to lose that house and car she bought... If you actually want to keep the money, you need to leave the country... Personally, I would have bought bitcoin with it, and moved to a non extradition country.
I would have bet 1.2m on black at Vegas. Declared bankruptcy if I lost and claimed I believed it was my dividends and increases. If I won I would return the half.
That's a different plan. Risking everything for the appreciation of $1.2 million in bitcoin depends a lot on a) the interest/fees/fines on top of the 1.2 million you have to pay, b) any criminal charges if you fail to repay (or if you follow through on your plan) and c) how dischargable the debt is in bankruptcy if the investment goes south and how many assets you have. It seems similar to the people who took their hugely over leveraged RobinHood accounts and bet those millions.
Well, could buy bitcoin, and let it increase in value while the court system takes its time to award the money back to Schwab....
You give back he principal and keep the earnings.
Sure, it's a gamble, but might be worth it....
You're assuming the Judge isn't going to award Schwab damages plus. If they win the case, she's on the hook for the $1.2 M PLUS legal fees, court costs, etc.
Depends I suspect for most of us relatively affluent people who are able to post on slashdot during the day. The answer is no; while 1.2M is a heck of lot of money to us - its not enough to sustain us in our present life style cut off forever from the places we are most able to market our skills.
On the other hand if you are 60 something, nearly penniless without a lot of career prospects - I can totally see 1.2M being a reason to fly the coup. After all in many of those extradition free places you could g
By my calculations, 1.2 million would last me at least 30 years. Not bad. I have no idea what everyone else is spending money on around here (Houses? multiple cars? Kids, I guess?). Of course, if I had to flee to a country that wouldn't extradite me back to the US, I might be able to stretch it further.
Personally, I would have returned the money. No company will make a mistake like that and just forget about it.
You would be surprised how many people never see far, far less than 2/3 of the world. Very few people would choose being broke and technically being allowed but not actually able to go see 2/3 of the world due to financial constraints over being technically allowed to go a lot less places, but in practice able to go to far more because they have 1.2 million rather than being broke.
The world isn't fungible. So, yes, if I got to choose the 2/3 of the world I would probably accept it. Fuck Antarctica and Siberia and I'm already like 1/3 of the way there. The problem is the 1/3 left from you if you flee the US is mostly either wartorn African countries or dictatorships. But maybe the Chinese panopticon is fine for you or you can parrot pro-Putin things for Russia. Or if you happen to be Muslim a handful of the Gulf states will treat you well (although with their cost of living I'm n
"Nuclear war would really set back cable."
- Ted Turner
People are so stupid... (Score:2)
Re:People are so stupid... (Score:3)
You would leave the country as a fugitive over 1.2 million? Cutting off 2/3 of the world?
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People are so friendly... (Score:1)
Or rich and everyone wants to either take it from you, or become your "new best friend"...forever.
Re: People are so friendly... (Score:3)
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You give back he principal and keep the earnings.
Sure, it's a gamble, but might be worth it....
Re: (Score:2)
That's a different plan. Risking everything for the appreciation of $1.2 million in bitcoin depends a lot on a) the interest/fees/fines on top of the 1.2 million you have to pay, b) any criminal charges if you fail to repay (or if you follow through on your plan) and c) how dischargable the debt is in bankruptcy if the investment goes south and how many assets you have. It seems similar to the people who took their hugely over leveraged RobinHood accounts and bet those millions.
Re: (Score:1)
Well, could buy bitcoin, and let it increase in value while the court system takes its time to award the money back to Schwab....
You give back he principal and keep the earnings.
Sure, it's a gamble, but might be worth it....
You're assuming the Judge isn't going to award Schwab damages plus. If they win the case, she's on the hook for the $1.2 M PLUS legal fees, court costs, etc.
Re: (Score:2)
Depends I suspect for most of us relatively affluent people who are able to post on slashdot during the day. The answer is no; while 1.2M is a heck of lot of money to us - its not enough to sustain us in our present life style cut off forever from the places we are most able to market our skills.
On the other hand if you are 60 something, nearly penniless without a lot of career prospects - I can totally see 1.2M being a reason to fly the coup. After all in many of those extradition free places you could g
Re: People are so stupid... (Score:2)
By my calculations, 1.2 million would last me at least 30 years. Not bad. I have no idea what everyone else is spending money on around here (Houses? multiple cars? Kids, I guess?). Of course, if I had to flee to a country that wouldn't extradite me back to the US, I might be able to stretch it further.
Personally, I would have returned the money. No company will make a mistake like that and just forget about it.
Re: People are so stupid... (Score:2)
Although, due to inflation, I doubt I would get 30 years out of it.
Re: People are so stupid... (Score:1)
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The world isn't fungible. So, yes, if I got to choose the 2/3 of the world I would probably accept it. Fuck Antarctica and Siberia and I'm already like 1/3 of the way there. The problem is the 1/3 left from you if you flee the US is mostly either wartorn African countries or dictatorships. But maybe the Chinese panopticon is fine for you or you can parrot pro-Putin things for Russia. Or if you happen to be Muslim a handful of the Gulf states will treat you well (although with their cost of living I'm n