Bernanke falls victim to identity theft
The irony of this story will be Bernanke's future.
Fed chairman Bernanke falls victim to identity theft
Ben Bernanke, the chairman of the Federal Reserve, has become the latest victim of identity theft.
By AP
Published: 6:38AM BST 28 Aug 2009
Mr Bernanke's personal bank account became entangled in an elaborate identity-theft scheme after his wife Anna's purse was stolen last August at a Starbucks coffee shop in Washington DC. According to a police report, it contained her Social Security card, cheque book, credit cards and IDs.
It's not been revealed how much money was stolen from the Bernankes' account. But someone started cashing cheques on their bank account just days after the purse was stolen from her chair. The thefts helped fuel an ongoing investigation into a sophisticated ring.
Losses from the fraud added up to more than $2.1m (£37.5m) and involved at least 10 financial institutions, court documents said. Clyde Austin Gray Jr. of Waldorf, Maryland, a suspected ringleader in the scheme, pleaded guilty in a Virginia court in July.
The banks bore primary responsibility for the losses and the victims' accounts, including the Bernankes, were most likely made whole.
"Identity theft is a serious crime that affects millions of Americans each year," Mr Bernanke said in a statement. "Our family was but one of 500 separate instances traced to one crime ring. I am grateful for the law enforcement officers who patiently and diligently work to solve and prevent these financial crimes."
More:
http://www.telegraph.co.uk/finance/economics/6102911/Fed-cha...
Bailout ! Tarp Funds ! Shucks just print more money Ben !
If I was a gambler I would lay all my money on the ring leader to get hired and promoted by either the Fed or the Obama administration. This will ride high on the ring leaders resume. Then the ring leader can hire all of his co conspirators as his personal staff. This is the way the Fed and the government works isn't it ?
You do not apply for these positions in government you just commit any and all crimes that will fit in with the status quo of government intervention.
As much as I would like to say this is all legit I have my reservations. Stole the purse at Starbucks? Hmmm ! It must have been the government owned starbucks inside the Fed building ;)
Lmfao!
"I am grateful for the law enforcement officers who patiently and diligently work to solve and prevent these financial crimes"
I almost started crying I laughed so hard!
http://theconstitutionalists1.blogspot.com
Liberty_: I hope that we will get last laugh also....
when Bernanke is in jail and we get to feed him peanuts.
Boo-
hoo.