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Chris Sacca took advantage of a similar glitch in the early days of online brokerages. [1] The leverage yielded phenomenal returns before it sent him into $4M o
by divbzero 7y ago
Chris Sacca took advantage of a similar glitch in the early days of online brokerages. [1] The leverage yielded phenomenal returns before it sent him into $4M of personal debt. It took him years to climb back up to $0.
[1]: https://www.financemagnates.com/forex/brokers/chris-saccathe-4million-negative-balance-salinger-group-twitter/ https://www.financemagnates.com/forex/brokers/chris-saccathe...
- HanayamaTriplet 7y agoHe was able to negotiate that $4M debt down to $2.125M, [A] proving once again that if you owe the bank $100 million, it's the bank's problem. [A]: https://pando.com/2012/11/01/how-chris-sacca-turned-his-student-loans-into-12-million-and-then-lost-it-all/ https://pando.com/2012/11/01/how-chris-sacca-turned-his-stud...