​

Months after the account was supposedly closed, the Futures Statement for July 2018 reports “Sweep Payments” for equal and offsetting amounts.  The transactions appear to have no useful purpose other than serving as a pass-through to transfer the cash.​​

                                          

Schwab’s manipulated their accounting protocols to calculate incorrect values for total cash, buying power, and account value.   

 

Several issues indicate that the Margin Account of the Brokerage Account was comingled with the accounting for the Futures Account, and that Schwab’s Accounting systems were manipulated to conceal the data pertaining to the actual Futures Account 6725-6617.​                                       

 

After the Futures Account had supposedly already been closed, a negative value is anomalously stated for Futures Buying Power—but having no relation to the other account data.  This unjustified debt was reflected in the Brokerage Account as “Money Due.”​

 

Improper comingling is further indicated by unrealized losses in the Futures Account being reflected as a loss by the Total Market Value, and moreover by the Day Change which remains unchanged despite fluctuation in Account Value.​

 

A “Futures Account Margin Call” was issued against the “account ending: 612”, but that account is the Brokerage Account.  This further affirms that the Futures Accounting was comingled with the Brokerages Account while the actual FUTURES ACCOUNT 6725-6617 was isolated and exploited to extract money from the Brokerage Account.  See also Section F: TD Ameritrade – #13 showing that this same contrivance was used to defraud the TD Ameritrade Account in 2016.​​

 

Personal Value is supposed to include both the Futures and Brokerage Account Value.  However, after the Futures Account was opened, Personal Value is persistently stated to be $0.00 with Day Change “N/A.”                             

 

Additional issues concerning the Historical Account Value to the Personal Account Value demonstrate Sweep from Futures amounts were targeted for concealment.

 

Futures Sweeps to the Brokerage Account should have been reflected as a credit to the Cash Balance, but that did not occur.  Instead, the value is stated as an SMA (purchasing power)—different from a free cash balance.  The amount in question closely corresponds with a discrepancy in the previous day’s balances.

 

Additional issues with the Futures transaction reporting and accounting in the live data include the failure to display the transaction prices of Futures Transactions, and “N/A” being displayed for the Futures Account value, and inaccurate Gain/Loss reporting for open positions.

 

Schwab Futures Trade Notices report the trade price, but the account number is stated to be “-[My name]”, further indicating that Futures accounting was tampered with to conceal the improper accounting.