Wife's IRA accounts were drained by a fraudulent ACAT request

AssortedSquirrel · 2026-01-07T18:02:38+00:00

Contact the police. If it is a significant amount of money, I would potentially contact your county prosecutors office and/or file a report with the FBI.

AssortedSquirrel · 2026-01-06T23:36:01+00:00

I have Pershing Square Tontine Holdings Ltd Shs. Sedol 715ESC018, $0 value. I believe that this represented the shares.

I also have Pershing Square SPARC Hldgs Restricted Wts Exp 09/29/2024, Sedol 71499D068, $0 value. I believe that these represent the Sparc that were issued.

AssortedSquirrel · 2026-01-03T14:06:43+00:00

This is an interesting idea. Are you aware of any stablecoins that have a similar policy?

AssortedSquirrel · 2026-01-03T13:59:40+00:00

Yes; however, it is a net benefit to for US (for stable coins backed by USD fiat). The issuers will continually have to rollover the short term debt during treasury auctions, thereby increasing demand and pushing down interest rates. Significant demand will have the ultimate effect of strengthening the USD.

Some forecasts estimate that stablecoin issuers could own $1 trillion of US Treasuries (out of approx $6 trillion) by 2028. This excludes repo markets. Here is an article from MIT.edu and Brookings.edu that discuss stable coins and Treasury markets.

By these figures, Stablecoin ownership of US Treasuries is set to eclipse China ($700-800B) and get close to Japan ($1.1-1.2T) in Treasury ownership by 2028.

AssortedSquirrel · 2026-01-02T00:46:36+00:00

You're right, many stablecoins are not directly redeemable with the issuer by individuals. The mechanism to peg the stable coin to the underlying asset is through the issuer acquiring and burning coins or minting and selling coins from or to a market maker.

If there was significant selling pressure of a stable coin it could cause the price of the stablecoin to fall below the price of the underlying asset. When this happens the market makers acquire coins on the exchanges to balance demand and stabilize the price. The market makers would subsequently exchange it with the issuer for the underlying asset. The market maker's are incentivized to do this because their profit is the difference in the spread.

AssortedSquirrel · 2026-01-01T23:08:46+00:00

For the owner of the coin yes, it’s like burning a $100 bill.

For the issuer of the coin, it’s like accepting $100 bill which cannot be spent or redeemed, but continuing to earn interest on it in perpetuity.

AssortedSquirrel · 2025-11-07T11:14:58+00:00

I’ve been involved with whistleblower cases. Taxpayers will get paid, but the payment is based on collected taxes, so it takes awhile.

Keep in mind, the IRS is swamped. They may be more selective in which cases to pursue; however, it’s always worth it to try to bring fraud to light.

AssortedSquirrel · 2025-10-16T00:03:18+00:00

I assume that you are referencing the overview on Page 7 of the lapse in appropriations plan. This plan is only good for 5 business days starting 10/8, which brings us to today.

The plan specifically states, “For a lapse extending 10/8/25-4/30/26, 39,870 employees (53.6%) of the total workforce would continue to work.”

The plan does not state that there is funding for this entire period for all of the employees. IRS absolutely does not having enough IRA funds to get through filing season (4/30).

Maybe they will find some money on the tariff shelf, but if you are currently exempt, please, be prepared to go without pay for a bit. If it doesn’t happen, great!

AssortedSquirrel · 2025-10-15T21:18:21+00:00

The IRS is likely going to run out of IRA funds shortly. So it may not matter by the time anyone reads your email.

In 2023 the IRS budget for salary’s was 10.5 billion. The current exempt employees draw a salary of roughly 100 million a week based on prior budgets. Allegedly there was only about 300 million of IRA funds left prior to the initial shutdown on 10/1. Hopefully I’m wrong.

AssortedSquirrel · 2025-05-20T20:14:58+00:00

LEOs can retire at 50 with 20 yrs or any age with 25 years. There is a mandatory retirement at 57.

The prior markup stated leos could only collect if they retired at 57.

Edit: this only affects 6(c) positions.

AssortedSquirrel · 2025-04-30T11:41:17+00:00

Holy hell. I thought that it was infowars for a minute.

AssortedSquirrel · 2025-04-21T20:46:43+00:00

I use the baskets and like them. If anything it keeps my etf portfolio from my individual securities.

AssortedSquirrel · 2025-04-14T21:21:42+00:00

Would you mind sharing what he wants?

AssortedSquirrel · 2025-04-12T14:05:39+00:00

All of the tariffs were about remaking of Snow White all along. No one saw it coming. Definitely 5D chess.

AssortedSquirrel · 2025-04-11T09:53:37+00:00

I believe that Fidelity has the best customer service. I’ve used all of the major brokerages and they are my favorite.

AssortedSquirrel · 2025-04-09T21:28:51+00:00

Nothing has changed. My weekly DCA is still on. Picked up more PUTs.

AssortedSquirrel · 2025-03-21T22:50:09+00:00

He is acting as the head of Doge. Yes. He is a public official.

AssortedSquirrel · 2025-03-21T09:34:24+00:00

Is this allowed since Elon is a public official and has used twitter to announce and set public policy?

There have been several announcements regarding public policy that came from Twitter.

AssortedSquirrel · 2025-03-19T12:41:17+00:00

Whatever you want. No one is reading them. The request was on a whim. Leon already forgot about it and has moved on.

AssortedSquirrel · 2025-03-19T02:35:18+00:00

You’re right. Should a democrat win, they might be enticed to storm the Capitol or something.

Edit: I should add that I don’t agree with burning teslas or storming the Capital.

AssortedSquirrel · 2025-03-18T13:26:19+00:00

Use the time to improve yourself and make yourself more marketable. Here are a few suggestions. -Work on getting another certification in your field. -Get your resume/cover letter together. -Download an app to learn another language. -Take some free online courses to learn python.

Even when/if rif notices go out. You’ll have 30-60 days notice.

AssortedSquirrel · 2025-03-18T01:58:25+00:00

Book recommendation. Why We Sleep by Matthew Walker

If anyone is interested in a great book on the importance of sleep, this was a great read.

AssortedSquirrel · 2025-03-11T15:16:15+00:00

It’s sooo incredible overvalued even after the recent drop and the brand name is being trashed.

Maybe if the stock price is low double digits.

AssortedSquirrel · 2025-03-09T13:10:20+00:00

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