Is this legit?

I have a buddy who is trying to recruit me and telling me that he is making an extra $1,000 to $5,000 a day by doing crypto currency trading. He is buying PYUSD (stablecoin) and transferring it to Phantom Wallet which be explained "decentralized" which turns the 1:1 ratio of stablecoin to an extra .40 cents per dollar. So in theory is goes

$1 USD > $1 Worth of stablecoin > $1.40 worth of phantom > Deposits back into bank account.

To me that makes no sense and I asked for proof and he sent me this 5,800 page PDF of his paypal account transactions which ranges from 2nd January 2025 to 30th January 2025 with amounts leading from $1 (lowest) to $17 (highest).