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Message
Man takes his own life after seeing $730K negative balance on Robinhood app
Posted on 6/18/20 at 1:55 pm
Posted on 6/18/20 at 1:55 pm
SIAP. Searched and didn't see.
WKRN
I've never used this app. Has anyone ever had this happen before? Not to the tune of 730k, but in general. Sad story. Only 20 years old
WKRN
quote:
Alexander Kearns was home from college at the University of Nebraska when he became interested in investing. His family said he downloaded the Robinhood app and began making trades.
quote:
NAPERVILLE, Ill. (WGN) — When a 20-year-old Illinois man opened his trading app on his phone, it showed him close to $1 million in the red. Soon after, he took his own life, but his family says he actually didn’t lose the money at all.
quote:
On Thursday, the 20-year-old looked at his account on the app and saw a negative $730,000 balance.
“It’s actually a user interface issue and when Alex opened his app, he saw his cash balance was $730,000 and when you look at the screenshot, he had $16,000 in his account which was his true saving,” said William Brewster, Kearns’ relative.
His family said he took a screenshot and wrote a suicide note. His body was found the next day. He had thrown himself in front of a train.
I've never used this app. Has anyone ever had this happen before? Not to the tune of 730k, but in general. Sad story. Only 20 years old
23
Posted on 6/18/20 at 1:57 pm to sweetwaterbilly
Me, I would have done some quick investigation before going the suicide route.
Posted on 6/18/20 at 1:57 pm to sweetwaterbilly
Reminds me of that Alanis Morissette song
Posted on 6/18/20 at 1:57 pm to Demshoes
Something doesn’t seem right
Posted on 6/18/20 at 1:58 pm to sweetwaterbilly
That's the problem with successful suicides; they can't be reversed.
Posted on 6/18/20 at 1:58 pm to sweetwaterbilly
You have to be a fricking idiot to not understand if you didn't invest it you didn't lose it.
Posted on 6/18/20 at 1:58 pm to Demshoes
quote:
Me, I would have done some quick investigation before going the suicide route.
Yeah that seemed a little extreme to me. I can understand the initial shock of being 3/4 million in the hole, but I think most people would've tried to calm down and do a little digging before stepping in front of a train. Can't tell from the article if it was actually an issue with the app or just the interface was confusing and he read it wrong
Posted on 6/18/20 at 1:59 pm to sweetwaterbilly
quote:
He had thrown himself in front of a train.
Common as hell around Chicago.
Posted on 6/18/20 at 2:00 pm to sweetwaterbilly
Seems like a knee jerk reaction. I would just delete my account and move along.
Posted on 6/18/20 at 2:02 pm to sweetwaterbilly
quote:He downloaded the app and began making trades? He had to have opened a trading account and funded the account in order to make trades.
quote:
Alexander Kearns was home from college at the University of Nebraska when he became interested in investing. His family said he downloaded the Robinhood app and began making trades.
Something sounds weird about this story.
Posted on 6/18/20 at 2:02 pm to sweetwaterbilly
Was he buying potatoes on margin?
Posted on 6/18/20 at 2:03 pm to sweetwaterbilly
Posted on 6/18/20 at 2:03 pm to X123F45
quote:wrong again!
You have to be a fricking idiot to not understand if you didn't invest it you didn't lose it.
Posted on 6/18/20 at 2:03 pm to sweetwaterbilly
Bankruptcy court is just a tad bit less painful than stepping in front of a fricking train. Dude had to have pre-existing fricked in the head issues...
Posted on 6/18/20 at 2:04 pm to sweetwaterbilly
Seems like he’s either a fricking moron or this is a shitty murder cover up.
Posted on 6/18/20 at 2:06 pm to JDPndahizzy
quote:
JDPndahizzy
Thanks
I didn't think to check the Money Board tbh I just went and browsed that thread. I think I'm a reasonably smart guy but holy shite I got lost real quick. I don't have the slightest idea what any of those dudes are talking about
I'm man enough to admit when shite is just plain over my headThis post was edited on 6/18/20 at 2:14 pm
Posted on 6/18/20 at 2:08 pm to Demshoes
At the very worst you can declare bankruptcy, right? It isn't ideal, but it's better than dying. This is sad. Guy probably had other shite going on.
Posted on 6/18/20 at 2:12 pm to X123F45
You can lose money you didn't invest with some types of options trading.
Posted on 6/18/20 at 2:12 pm to X123F45
(no message)
This post was edited on 6/18/20 at 2:14 pm
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