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Money: Me? You? Him? Who?

Posted October 3, 2007 9:15 AM

New Yooohk f**kin New Yooohk. Mayor Bloomberg, whose fortune is estimated by Forbes at $11.5 billion, was recently a victim of identity theft, yea big whoop. So apparently this guy, a Mr. Odalis Bostic, deposited two forged checks into accounts for a fraudulent company that he created. Totaling $420,000 between two checks at $190,000 and $230,000, you'd would think rich bastard Bloomberg wouldn't even notice it was gone.

Well apparently he didn't, but Geller & Company, his financial management company, did figure it out. Because of the large amount of the two checks, the banks they were deposited in placed holds on them and notified Gel. & Co. only to find out that they were in fact forged. The funny thing is that somehow little Mr. Bostic had gotten a hold of Bloomberg's account information, which was present on both of the checks. He wasn't the only one either. Charles Nelson, number two on Bloomberg's hit list, used the account information to transfer $10,000 to an E*Trade account he had set up. Both criminals have been caught already and are being laid with charges that could mean seven years in prison. So really the moral of this event is be careful with your identity and personal records. Or maybe the moral is don't try and be filthy stinking rich (again, $11.5 billion) because then people with less money and criminal intent will come after you and your company that manages your money for you will have to protect you. Actually, let's go ahead and see how much they actually took from Bloomberg. That's $430,000 between the two of them, divided by cash cow, multiplied by one hundred and we've got: 0.0037% of his money was stolen. So if you had a thousand bucks, what they took would be equal to 4 pennies, rounding up. Really now, Mayor B isn't feelin any pain from that. Now identity theft isn't right at all, but at least these criminals got it right going after some leprechaun gold instead of the average guy.