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Doing What Humans Do Best

None of those is inconsistent with stealing your nest egg.

Bill Singer, writing for Forbes, covers the story of a Morgan Stanley broker, Jo Ann Marie Head, who attracted wealthy clients and used their accounts to enrich herself. She churned the accounts, gave her clients phony account balances, and stalled when they requested money that she’d long since lost. Please read the post in its entirety. Especially insightful is Singer’s conclusion in which he writes: (more…)