The Ramsey Show Highlights "He Borrowed $250,000 And Lost It In A Scam"
Mar 5, 2026
Kate, a caller whose husband borrowed $250,000 on a HELOC and lost it in crypto trading. The conversation digs into how the loss supposedly happened, whether the money can be recovered, and what to ask the crypto platform for proof. It also covers household exposure from leveraged properties and the need for tough financial decisions and accountability to rebuild trust.
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$250,000 Crypto Loss Hidden From Spouse
- Kate's husband borrowed $250,000 from a HELOC and invested it in cryptocurrency without her knowledge.
- He claims he "accidentally" pressed a sell short button and the funds were liquidated and didn't return to their bank account within days.
Short Selling Multiplies Crypto Speculation Risk
- Selling short means borrowing an asset to sell now and repurchase later, creating obligation and additional risk.
- George explains this is gambling on top of already speculative crypto activity and can worsen losses if market moves against you.
Call The Crypto Platform And Demand Proof
- Do call the crypto platform and demand screenshots, account statements, and confirmation of open/closed positions and margin exposure.
- Insist your husband provide documentation immediately and get on the phone as a private investigator to verify his story.