A fast-food worker obtained $200,000 of advance credit by making bogus deposits, the SEC says.
The Auntie Anne's employee piled the entire sum into Tesla, Nvidia, GameStop, AMC, and other stocks.
His broker caught on and liquidated the holdings a day later, making a roughly $7,000 profit.
The pretzel-shop worker piled about $85,000 into Apple, $78,000 into GameStop, $22,000 into Nvidia, $13,000 into AMC Entertainment, and $700 into Tesla.
Tesla and Nvidia also have passionate fanbases who expect the pair to win big from the artificial-intelligence revolution.
Persons:
Deyonte Jahtori Anthony, Auntie Anne's, Anthony, Anthony wasn't, Anthony couldn't
Organizations:
SEC, Nvidia, GameStop, AMC, Service, AMC Entertainment, Securities and Exchange Commission, Apple, Tesla, Cano Health, Electronic Arts, Resolute, Products, ETFMG, Security
Locations:
Wall, Silicon, North Carolina