Friday, September 5, 2008

Easy Come, Easier Go...

Disturbing article about a Chase private banking client who had hundreds of thousands of dollars stolen from his account over a period of months.

The disturbing part is how easily it happened and, of course, if it can happen to uber-wealthy investor types being handled by the "Private Banking Group" (read: sycophants who will bend over backwards to retain the really, really rich clients) and they have little recourse, what does that say for us peons?

Still, I hope to someday be in a position to have $300,000 stolen from me in 15 months and not really notice that it's missing.

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