Update: 'Now comes the revenge': Owners cheat analyst of $70k in payments, so he keeps their $1.8M

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Brad Dickson • Managing Editor
Jan 6, 2023 9:00 AM EST

There is no end to the greed of some people; without a written obligation to hold them in check, they will go to any length necessary to screw over everyone else and gain what they see as an upper hand. These psychopathic, narcissistic parasites are a blight on society — running unchecked due to loopholes and lack of consequence.

This idiot employer attempted to screw over their analyst, who was handling all of their investments. When they attempted to screw him out of a $70k commission, they stupidly didn't realize that the money that had been cashed out wasn't all that was in the account. So, when they were happy to walk away with their earnings without any receipts or follow-up on the status of the account, the analyst was happy to pocket the rest of the balance of the accounts too. 

Keep reading for this glorious tale of malicious compliance and revenge. For more, check out this worker who cost their bad employer $135k in unpaid overtime. 

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  • 01
    Font - r/r/MaliciousCompliance u/TheBreakUp2013 1 day ago Posted by UPDATE: Short me $70,000 in Violation of our Written Agreement? It'll Cost you $1.8 million. L OC DISCLAIMER: 2 UPDATE: The original post is below. Only this "update" paragraph is new. There have been no negative consequences from the below, and no consequences (other than a few people DM'ing me with incorrect guesses). In fact, the remaining family members have reached out a time or two about some consulting work. They have no
    via u/TheBreakUp2013
  • 02
    Font - BACKGROUND: A year out of school in the early-1990's, I procured a job as a business analyst for a large, family- owned tech company. This business was located in the booming heart of technology at the time and was very profitable. As tech took off over the next decade, the company thrived and remained family-owned. What was a rich family and company became exceedingly wealthy with a valuation/net worth in the high 9/low 10-figures. The family that owned it was quite neurotic, very moody
    via u/TheBreakUp2013
  • 03
    Font - As I progressed in the company, I gained more and more face time with the owners. I worked on some projects directly with ownership that really paid off and gained me even greater access to their inner circle. Now, like a lot of people at the time and particularly those who worked in tech, I was heavily invested in tech stocks. I discussed some of my investments and gains with ownership as casual conversation, though investing had nothing to do with my role in the company. That is until o
    via u/TheBreakUp2013
  • 04
    Font - Around this same time and by working in the industry I started to notice the weakness associated with a lot of tech companies. They just weren't living up to their hype and stock price and some seemed like they were starting to run out of money. I had no inside information, just a strong sense of which companies were struggling based on my work in the business. Based on this sense I started using both my money and the owners money to short tech companies just after the New Year in 2000. F
    via u/TheBreakUp2013
  • 05
    OWNERSHIP'S PETTINESS In June, the company began to suffer a downturn. We were still profitable, but since we provided tech services and products we were not immune to weakness in the broader market. I had not informed the owner of my short strategy. He came to me one day and asked how his money was doing, saying he suspected it was way down like the general market. To his surprise, I informed him that while we still had some money T in options (puts) and shorts, but based on the positions I had
    via u/TheBreakUp2013
  • 06
    Font - The owner, either through ignorance or lack of attention, said "Great, $1.35 million. Fantastic work in this down market. Will you please wire it to me?" I responded that I would, but would be taking my 20% of the $350,000 profit, or $70,000, before wiring him the $280,000. I also reminded him I still had open positions that had yet to pay off or close, but I didn't state the amount. He, once again, appeared not to understand or comprehend the open positions statement, but instead totally
    via u/TheBreakUp2013
  • 07
    Font - THE REVENGE Now comes the revenge. Since, after two separate conversations, the owner didn't seem to grasp that the open positions would yield at least some income, and thus additional profit, I decided not to mention it again. I sent him back the entire $1.35 million and continued to manage the open positions to the best of my ability. And here's the kicker, the owner never brought it up again. He seemed to think the $1.35 million payment was the entire value of the account and never und
    via u/TheBreakUp2013
  • 08
    Font - Ultimately, after a bit more net gain, I covered all of the shorts and exercised all of the options (puts in this case) for an additional $1.8 million. I worked for the company for 3 more years and owner never asked about it during my tenure, after I gave notice, or since. I know it's a bit crass and even shady af, but given his dishonesty with me over the $70,000, I felt justified in keeping the additional $1.8 million. I paid taxes on the gain (long term cap gain), and went on my way wi
    via u/TheBreakUp2013
  • 09
    Font - The final ironic cherry on top of this sundae is that during my remaining 3 years I gained greater influence with ownership in position within the company because they considered me loyal for giving the $1.35 million back and not making too much of a stink about the $70,000 profit. Little did they know I got the better of them. The company eventually folded due to family disputes, but my understanding is that ownership walked away in very good financial position. They likely could have be
    via u/TheBreakUp2013
  • 10
    Font - Zookeeper-007 8 hr. ago That's why you don't screw over people handling your money for you Reply Share Com Vote alter3d 7 hr. ago . My grandfather always said to be nice to the people handling your money and your food. Reply Share Vote DelfrCorp 5 hr. ago . Add Health to that list. Health workers usually have to take the Hypocratic Oath, but you never know who might decide to disregard it for whatever reason. Reply Share Vote ...
    via u/TheBreakUp2013
  • 11
    Font - Okami512 7 hr. ago Morally I don't see an issue with this one. Could view it as a mutually dissolving the agreement based on delivering all closed positions, and giving them back the agreed upon commission. The party who the funds belonged to was notified of the open options and chose not to pursue them. Once the commission was returned despite being legally owed, it's no longer OP's job to notify the other party.
    via u/TheBreakUp2013
  • 12
    Now assuming the other party never mentions the open options, never asks about the account, there's no moral obligation to remind them of this. If the other party asks and the OP lies? Then I'd agree it's morally wrong. However the OP wasn't asked, told no lies, paid all the proper taxes. Eventually the funds are theirs with no legal recourse. That's on the other party for not asking. Legally? Almost certainly illegal as all , but the statute of limitations has most likely passed by now. But I'm
    via u/TheBreakUp2013
  • 13
    Font - unicorn8dragon - 9 hr. ago Bravo, and some jealousy too haha. But for any others reading this, be careful. There are a lot of laws and rules around investment advising. I'm not sure if those would apply to this specific situation, but it's always going to be murky and especially if it's a personal or professional relationship. Reply Share Vote about2godown. 7 hr. ago And cybersecurity/cyber auditing has come a LOOOOONNNGGG way in the past 5 years alone. Vote Reply Share
    via u/TheBreakUp2013
  • 14
    NikkiCanada 8 hr. ago , I need to have you invest for me lol definitely learned to not short you the $70k lol Vote Reply Share
    via u/TheBreakUp2013

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