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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[@littleninjai222]

"Don't commit securities fraud." Got it! Thanks for another educational video. Looking good in your new set up.

[@PreetBanerjee]

Thanks! I think I'm finally going to commit to KZbin lol

[@AbdulRehman-wx2hx]

Hello Preet , I know i should ask this on your mail but i just wanted to know if you need a video editor cause i am up for it . And your channel is damn underrated and we need it to reach to others for which i believe we can devise a startegy

[@neolithic3]

Hi Preet, I always enjoy your videos. What a wild story! Would you consider doing a video on the new FHSA? I'm wondering if it is worthwhile for me to invest in it even though I have no intention of buying a house....it seems like just more RRSP room but I feel like I might be missing something.

[@PreetBanerjee]

I can certainly do that. I’ve been meaning to revive my Canadian specific channel for a while and that’s a great topic to start with. Cheers!

[@shelleyfoster5826]

The creativity that could be used for something amazing lost on fraud.

[@CARL_093]

👍👍

[@PreetBanerjee]

First!

[@qpaoziwu]

And this will be legal if he owns 1million dollars

[@joyjayant]

Hey Preet...have you talked about Bitcoin yet?

[@PreetBanerjee]

Yes - kzbin.info/www/bejne/qGXOi5ifmLJpq9k

[@miked104]

Preet Dogg

[@PreetBanerjee]

Welcome to the Doggpound

[@Atem_S.]

Always the defualt excuse.. It's a joke man! It was all a troll!

[@PreetBanerjee]

It's like those people who show up in emergency claiming they "fell" onto the shampoo bottle. Sure they did.

[@Atem_S.]

@@PreetBanerjee 🤣🤣🤣

[@idiocracyishere4531]

Boring.

[@PreetBanerjee]

Thanks for feeding the algorithm.