Her Husband Borrowed $250K Against The Family Home To Buy Crypto. She Says He Lost It All After Accidentally Pressing ‘Sell Short’
A family’s finances were thrown into chaos after a husband secretly borrowed $250,000 against the family home without his wife’s knowledge and put it in cryptocurrency.
When he found out, he told him to sell it immediately. He promised that the money would be returned to their bank account within a few days. Instead, a few days later the money was still missing.
The problem arose during a recent call:The Ramsey ShowThe wife, identified as Kate, told how she discovered what had happened.
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When Kate pressed him for answers, her husband admitted that he had never sold the crypto. Instead, he said, he “accidentally pressed the short sell button instead of the sell button,” which caused the position to be liquidated.
The hosts were blunt about how serious this statement was.
“Shorting means borrowing and selling an asset that you don’t own,” the co-host said George Kamel in question. “This is just gambling, especially in the crypto world. It was already speculation, so it’s a double gamble at this point, on top of the infidelity he created by doing it behind your back.”
Kate asked the question many listeners were probably thinking: “Is there a way to get this money back, or is it completely gone?”
The answer was unclear. Since trading involves short selling, homeowners said the final outcome depends on the platform, whether the position is fully closed, and whether additional liabilities still exist. But they made one thing clear: The statement raised red flags.
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Co-host: “I don’t want to call him a liar.” Ken Coleman he said, “but my BS meter is just singing right now.” Another added that it’s hard to believe someone would accidentally press the wrong button on a $250,000 transaction.
“I don’t know what’s worse,” Kamel added, “that he doesn’t know what he’s doing, or that he knows what he’s doing.”
The conversation has shifted from crypto to trust.
The landlords said Kate was going behind her husband’s back, ignoring his request to sell and putting the family at risk.
Kate revealed that her husband earns around $300,000 a year and the family owns six properties, including four rentals, a holiday home and their main residence, all carrying significant debt.
