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I'm in financial industry and always advise clients check Mutual Fund/Brokerage statements carefully. Just because it's printed on nice paper and appears correct, errors are made by those who input or upload transactions. Compare against your pay stub or bank records. People make errors, plus there's crooks in this world!
I worked at bank and have no idea how these 2 got around internal check and balance system? Something must have been fishy in the general ledgers; someone wasn't paying enough attention. I noticed the article didn't go into detail regarding this, for good reason I'm sure.
Last login: Tuesday, February 1, 2011
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