> There is no legitimate scenario where they would be reporting the Net Amount for the same sale in two places with different numbers.
The net amount reported in the app isn't an estimate, nor is it ever updated.
If you do the math, the amount listed in the app, according to their own report, is the correct amount. The final asset price X the final asset amount, as frozen in their long-term reports, is the amount listed in the app.
There is no hand-waving financial explanation for this discrepancy.
> Block isn't running some elaborate Office Space style scam
I have black and white evidence that they are. Stealing isn't necessarily elaborate. I'm surprised you find this hard to believe when TFA is a report about other types of fraud by the same company.
> how little techies know about banks and trading and the financial system ... There is a lot of complexity behind the scenes
Your comment is a little condescending, I don't think it's a big secret that trades get settled.
Your allegation is that Block is showing you two different numbers, and pocketing the difference. Can you prove that? Does it show up on their financial statements? Or are their auditors involved in the grift as well?
Or could it be that the number in your bank account is consistent with what the buyer/seller on the other end of the trade is getting?
Can I prove that: yes. That was my opening statement. I have their statements, and I have my account transactions.
There are three key numbers here: the net amount reported in the app, the net amount listed on their buried report, and the amount paid. The net amount in the app is correctly calculated according to their own report of settled asset value and amount. The net amount in this buried report and amount paid do not match that.
Since these numbers again, are not estimates and never change, including after any settlement period, there is no legitimate explanation for the discrepancy.
You mention audits as if audited companies never commit financial crime.
> There is no legitimate scenario where they would be reporting the Net Amount for the same sale in two places with different numbers.
The net amount reported in the app isn't an estimate, nor is it ever updated.
If you do the math, the amount listed in the app, according to their own report, is the correct amount. The final asset price X the final asset amount, as frozen in their long-term reports, is the amount listed in the app.
There is no hand-waving financial explanation for this discrepancy.
> Block isn't running some elaborate Office Space style scam
I have black and white evidence that they are. Stealing isn't necessarily elaborate. I'm surprised you find this hard to believe when TFA is a report about other types of fraud by the same company.
> how little techies know about banks and trading and the financial system ... There is a lot of complexity behind the scenes
Your comment is a little condescending, I don't think it's a big secret that trades get settled.