Skip to content
Log In | Sign Up Connect

What’s your story?

Share and find customer experiences

Connect with the people behind them

Wacktrap is
feedback made social

Post Your Wack Now

Trending Content


Hedge Fund Man Accused of Lack of Interest Leaves $100 Million ATM Receipt

| Share

by hearit

hearit's picture
In The News

A hedge fund manager is accused of poor returns: An ATM receipt shows a $100 million balance--for an account bearing just 1 percent interest annually. A Capital One bank customer left behind the evidence after paying the bank's $2.75 fee to withdraw $400 bucks in cash.

Dealbreaker notes the hedge fund manager could be garnering at least 3 percent in a Treasury account. Reportedly a Wall Street executive provided the ATM evidence that was left behind at a an East Hampton bank location in New York. The site accuses hedge-fund manager David Tepper, with Appaloosa Management, of low interest.

The funny part is the New York Post contacted the hedge fund manager, Tepper -- who dismissed the story with the claim that he's too sophisticated a man to leave so much cash in a low-yielding bank account.

| Share
Average: 5 (1 vote)