And has no time for pedestrian moves like throwing out the receipt or ripping it up after taking out some cash?
Follow-up question: what’d he/she spend the $400 on?
Update: Apparently Mr. Receipt was our all-time favorite brass-balled hedge fund manager, the lucky and lovable D. Tepp, who’s said to have joked after the withdrawal that he “hadn’t used an ATM since Lehman.”
a pound of lobster salad from schmidts market in southampton
Fucking $2.75 ATM fee???
- Angry account holder no. XXXXXXXXXXXXXXX9491
She didn’t take credit card!
- Raj
10:14PM on a Sat night…Deff Colonel Spitzer in the study with a hooker
wow…I don’t know if I should laugh or cry
Whatever the fuck they want
Nails?
One that spends $44m to buy a home and then tears it down all in the name of revenge?
Absolutely killing it.
BELOW a unit? How embarrassing
Mrs. LB
Bess’s inbox… God damn national treasure…
That’s beautiful.
We checked here at Scores and that looks like Jimmy F’s last 4 digits.
Must be one of the following….
1) Trust Fund Baby
2) Jay-Z
3) Lazard MD
4) UBS 1st year trade affirmations specialist
the box is indeed a treasure
Think “Titanic”
Obviously a photo shop job…………
That’s a savings account, not a checking account. I know journalism standards ain’t what they used to be, but …
Guess I better ‘fess up……
nope.
Do you often take cash out of your savings account from an ATM?
O.O
- UBS MD
stevie?
Now that it how one maxes out a debit card.
How do I get my Chase debit card limit raised to that number?
I did this to prove a point
Nice inbox!
It is strange, generally you keep 20k in checking and anything above that gets swept into savings.
Whaa? Dude. It says “SAVINGS WITHDRAWAL” right on it. But for the record, no I don’t. But not coincidentally, I can’t afford a place in the Hamptons either.
Spent it on happy ending at the local Korean rub and tug
the journalist never says “checking” unless he edited after this post…
are you a retard or do you just play one on the internet? next to savings withdrawl it says nothing. next to atm withdrawl it says $400.
Person X doesn’t have a Cap One account, hence the ATM fee.
yeah, it was corrected afterwards. Seems to me that someone who is in the Hamptons keeping $100mm in a savings account ain’t that suprising.
You are misinterpreting it, but I don’t care enough to bother explaining it to you
Earning .04 percent on $100MM and not giving a sh*t is the nki
What the fuck are you talking about? It’s still an ATM regardless of what account you get money out of. And even if that did matter, it doesn’t actually say ‘ATM withdrawal’ anywhere on there.
First thing I thought.
- Guy who is astounded by the idiocy of the comments on this particular post
Except for the fact that no investor worth his salt would keep $100 million in a savings account where it’s essentially losing money. But you keep winning it, okay chief?
Hey, if you’ve got $1BB+ …
So gullible.
- Adobe Photoshop user
Come to think of it, the biggest surprise here is that they’d be banking at Capital One.
Bess my dear, maybe you’re not up to speed on retail banking fees, but when there is an “ATM Owner Fee” that means the account holder does NOT have an account at Capital One and his account is elsewhere.
that is why our good president Obama has passed laws to abolish these excessive fees and created the consumer protection agency so guys like this with $100mm in his account doesn’t get gouged a $2.75 ATM fee when he withdraws a few bux to pay for strippers and the like.
Nope. But please, continue. You seem to relish the role of naysaying jackass.
Not a wall street guy but my guess is Stewart Rahr, any guy who puts a billion dollar bill on his business card prob loves to leave his receipts in the ATM.
It was Tim Geithner getting himself a little cash advance before the national treasury runs dry.
I love how I am having an actual conversation (albeit about something stupid) and the flamer thinks I’M the jackass. Typical.
You are a fucking retard. You can withdraw from your checking or savings account from ANY ATM.
Jesus fucking christ…
Good point, I stand corrected
Damnit, I told my bottom bitch to look for a Chase ATM.
nope.
Its an advertising scheme, definitely Alec Baldwin’s account
ATM fee implies not a Capital One Account?
Savings Withdrawal is the new killing it
UBS IBD FIG analyst interview round 1:
UBS HR: So now to the technical questions; at an ATM can one withdraw cash from a savings or checking account?
Aspiring Analyst: Ha trick question! Both; pssh obvs.
UBS HR: When can you start?
Looks good to me.
You are hired.
A crappy Photoshop job. Too bad so few people can tell that.
Whitey on vaca?
Seldom before now have a truly worried about the faculties of a DB commenter… Kill yourself
yes “I” truly worry about them as well
Dinner at 1770 House: $400 Accompanied by new JPM Summer intern: Priceless
Anyone else think Coutney Reagan would be a minx in the sack? Just something about her…..
Thanks, I just had it stuffed.
Clearly Phil is tapping into his “tax liability” funds now. $117mm down to $99mm? Must have spent a chunk on a Hamptons rental.
All I know is I’m now going to be spending my time just hanging around terminal #NFK879T, hoping someone’s a creature of habit and maybe wants to meet a new friend.
I totally fucking called it!
I have two friends who used to date her and the verdict was yes. she is a minx in the sack.
As the previous commanders have clearly established that account the withdrawal was made on was definitely not a CapOne checking account…
Brokerage firms like Charles Schwab have savings and checking accounts that link to your trading account. As I discovered the hard way, if you have margin trading on that account, it will make the entire value of your portfolio available from your debitcard. It’s possible that the withdrawal was made from such a linked savings/checking account, and the remaining balance is actually the full portfolio’s value, slightly misrepresented by the descriptive options of an ATM receipt format.
Shouldn’t that read ‘hadn’t used an ATM since Dick Fuld / Erin Callan?’
Shouldn’t that read ‘used an ATM since Callan/Fuld??’
I wonder who Tepper’s broker is.
guy worked hard for it
A vaca is a cow.
-former LEH sr risk manager
I know right!
I mean Sweet Oven Roasted Butt Fucking Abraham Moses!
Some people are truly retarded!
Actually doesn’t the $2.75 fee imply that the account is *not* at Capital One?
And here I thought DE Shaw had all the geniuses…..
So, you’re telling us that financial geniuses aren’t really financial geniuses; just guys who don’t know how to manage the 2 of the 2 an 20?
FDIC not insured…
Presumably *not* Merrill since that would link to Bank of America, and there’s a BAC branch on Newtown Lane in E. Hampton.
$100m is too much of a round number. seems that he transferred the money to use as his summer slush fund.
I don’t see the big deal. $400 is not that much money.
great – now my imagination will be running wild
is she three input?
K Daf snuck out of Libya and needed some bills for tha strippaz
when there’s money involved, they don’t complain so much. you don’t pay them to fuck you, you pay them to leave.
DSK, Fuck Guru
I made all the money digging up coal.
what the fuck would you keep 100 million in capital 1 account?
To the russian girl at SL East on June 18th, 2011,
If you are reading this, I’m sorry for fooling you
- Guy who brought you home to an air mattress in a share house
I remember those days. Except I used to bill those sorts of fees to the company.
-B. Madoff
Will your hedge fund manager marry me? I’m recently single!
Gartman?
Or the blog’s newcomers’ lack of ability to grasp the sarcasm contained within.
I knew that Proud Guest would call it before he called it.
- Gartman
Hello Reason
I don’t know if anyone mentioned this, but most banks reimburse the ATM charges if the customer is a high roller such as this guy. Just another one of the perks of being rich.
Oh, and Capital One is not this guy’s bank but just the bank he went to in order get some quick pocket cash. He probably keeps his money in a much more classy (offshore) bank account. ;-)
really? you really don’t know “if someone mentioned this”?
covered
Paid the damm 2.5 you cheap ass…that is why hes has 100 mil
$400 only can buy u a dinner for 2 at nice resturant, they should take out at least 2k out. what a cheap ass
ITS A MISPRINT!!! CAPITAL ONE doesnt even have 100 Million in ASSETS let alone a 100MM client.
What’s in YOUR wallet?
I want to play
Daily limits on ATM withdrawals, Mr. Mensa candidate.
A rubber from 1988………
Think he could afford a better suit…
I’ll cry for the both of us. The economy gave him a blow job.
He looks like Kelsey Grammer.
“I put 100 million into this bitch
And all I got were 16 twenties”
- Joseph Lewis, Bear Stearns Investor
Upon this news, my husb is cutting up my debit card. Thanks alot Joan.
Me smells a fake
http://www.google.com/search?q=fake+atm+receipts&ie=utf-8&oe=utf-8&aq=t&rls=org.mozilla:en-US:official&client=firefox-a
took out 400 bucks at 10pm…. bet this dude needed cash for the bouncer because he couldn’t get into the club…
It’s not really that much -Capital One ATMs use 2s-complement arithmetic.
-AIG Quant Risk Mgr.
aware.
Its probably a marginable brokerage account with linked ATM withdrawals, and I’m sure they give you ATM refunds. I have an account like that but it sure as hell doesn’t have 99 million in it!
yeah, i’m sure a multi-billionaire can’t get into a club.
except that it’s not so…keep winning it?
yeah..no.
No, he just made a very good bet on Citibank.
Apparently, the answer is 5) self-made billionaire.
no..yeah.
What in the flip are you going to buy with a piddly 400 dollars in the Hamptons?
And Kelsey Grammer was Frasier
And Frasier was funny
Ergo, he should be funny
- Guy who has watched too much Frasier.
NO WAY that’s real….what IDIOT would keep $100MM in a Checking account. 1-If the bank fails, you lose it ALL (except for $500K), 2-Checking accounts are paying what .75% interest? 3-He could put it in the safest place in the market and still make more points than his checking account…..TOTAL LIE…..NO WAY it’s true
*UNLESS*—only thing I can think of is they *JUST* deposited a bonus check for him and he’s not moved the money around yet.
Bess = free publicity whore. Well done.
I just photoshopped it and added a 1 for added emphasis. Hope that gets me blown this wknd when I accidentally drop it.
I piss on 100M.
Hey baby, check out my ATM receipt: http://twitpic.com/5j1f8u
Wanna fuck?
Thanks Scoop.
Shouldn’t that have read “I used to ATM Callan and Fuld”?
I smell a hoax. Can you spell P-H-O-T-O-S-H-O-P? No one would be that stupid to keep $100M in a nearly zero interest paying commercial banking account. At least no one who works on the street. So no way is it Dave Tepper.
You don’t get out much, do you?
John Haskell, you, and some other asshole that likes your post are really, truly, assholes. Burnt assholes. Kill yourselves.
1) It’s definitely a hoax. I mean, Capital One?
2) Everyone pays ATM withdrawal fees, but with a minimum balance in a good private banking account they will reimburse your fees at the end of the month.
You don’t need a Capital One account to make a withdrawal from a Capital One ATM, dipshit.
Do you work at UBS or did 20 twenties just not have a good ring?
I think Bess has been had.
Chinese fingercuffs
yea, but i’m sure his account is with a private bank and i can guarantee you that they will reimburse him the fee.
Gonna be used on the wild women, the wild women…the rippin n’ the tearin, the rippin n’ the tearin.
this guy despite being experienced hedge fund manager, he have been fooled to believe that banks can really be trusted with liquidity. Its a ponzi scheme. Banks are insolvent.
Dude, my dear, a US president (however ‘good’ he may be) cannot “pass laws”. That’s done by a body we call “Congress.”
I’m a photographer and know my way around Photoshop… let’s just say if it *is* altered, it’s excellent, excellent work.
I suspect it’s either real (that’s my vote) or a real picture of a fake receipt created by someone with a thermal printer and a lot of free time.
People on this site really think someone with 100mm in the bank cares about $2.75 atm fee???
$400 at 10:15pm in the evening….2 eight balls of coke
He can sure as hell veto them…
Howard Stern.
Hookers?
banks will be getting more and more of our credit and debit accounts
Couple of really good lap dances.
I have a chubby that just wont go away.
You can actually get those raised, if you knew wtf you were talking about.
Just wanted to thank everyone for the laughs in the comments. First time to this site and I will surely be back.
fuck you – take your blog link and get the fuck out
Bank error? denial by account holder? Somebody gonna be in trouble…YUP!
Totally fake.
Bess, what’s the source for the receipt being Tepper’s? Inbox?
you all know drug dealers and strippers don’t take cheaques right?
and credit cards can be checked?
hell he may even be transfering it into cash $400 at a time
If i found that reciept I would make copies. Keep it on me so when I pick up a chick aka money hungry whore I would just write my number on the back. Guarantee she calls in an hour.
It will take 25,000 $400 withdrawls to get it all out
You meant 250,000 $400 withdrawals. I contemplated doing that when Citi was traded at less than a dollar…
Perhaps the ATM is like one of those handheld calculators…..
and will not rollover another 0, so is that the limit to how much
an account will hold?
I think we need a bigger odometer……LOL
ыуыеыеке
I guess that answers that “Whats in your Wallet”
Yebba! Grazyy. Nice joke! http://www.qulinaristi.com/blogi.html
the kicker is he pays 15% tax because his income is considered a Capital Gain.
Income for Hedge Fund Manager is 15%.
“what’d he/she spend the $400 on?”
At 10:14pm. . . . ?
It is Jim Chanos’ account the short seller who manages $7 billion…wake up people…done intentionally
What’s that ATM fee .. never seen it .. ;-)
(BTW. FInland rules)
Your an idiot
Where the fuck did you learn to spell, hombre ? It’s either cheque (British) or check (American). Cheaques mean fuck all.
-cap’n obvious
No, you’re an idiot for not knowing the difference between your and you’re.
Yeah, ‘bet’, cute.
It’s not a bet if the gov is hedging for your losses.
What kinda of idiot keeps 100M in a savings account probably earning less than 1 percent interest and well outside of FDIC insurance. This has all the signs of some tool that just came into money and feels the need to let the world know he has it. More power to him but as the old saying goes “”a fool and his money will soon part”"
Step 1) go to ATM and make a deposit of a $1000 cheque.
Step 2) withdraw $400 and take a receipt
Step 3) call your bank tell them something went wrong and the deposit should only be 1k
voila, you have an official atm receipt showing a 100mio balance
-guy who onced missed the decimal place in a 20k checque and had a bit of a hullabuloo with his bank
hmmm, that got a touch screwed up. should be a deposit of any check, and put the amount as 100mio, regardless of the acutal amount. then proceed to step 2.
Kill yourself
Kill yourself
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