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- Stephen Hicks Barred for Defrauding His CT Hedge Funds - SEC
- Barclays CEO Staley Sees Pay Decline - Frankly, He's Lucky to Still be Employed
- Barclays Female Investment Bankers Earn 21% Less in Bonuses than Male Counterparts
- FINRA Eliminates $400 Fee for Explained Arbitration Decision
- SEC Adopts Statement and Interpretive Guidance on Public Company Cybersecurity Disclosures
- SEC Charges Former Bitcoin Exchange and Its Founder With Fraud
- JPMorgan Chase to Replace NYC Headquarters with 70-Story Skyscraper
- Citigroup Raises CEO Corbat's Pay 48% to $23Mn
- Should Congress Create a Crypto-Cop?
- JPMorgan Weighs Buying an Exchange-Traded Funds Firm
- Hey, Goldman Sachs: Wanna Buy BNY Mellon?
- SEC Order Rejecting Acquisition of Chicago Stock Exchange (CSX) by Chinese-Baesd Company
- Kyle Moffatt Named Chief Accountant in SEC CorpFinance
- SEC Suspends Trading in 3 Issuers Claiming Involvement in Cryptocurrency and Blockchain Technology
- Karen Garnett, Assoc. Director of SEC CorpFinance, to Leave After 23 Years of Service
- Louisiana Adviser Barred for Hiding Losses from Investors
- Connecticut HF Manager Illegally Diverted Investor Money - Now Owes Nearly $13Mn
- White House Cleaning House of Advisors Without Full Security Clearance
- Goldman Projects 30% Growth in Wealth Management Advisor Force
- Whistleblower Alleges Manipulation of CBOE Volatility Index
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NEWSLETTERS & ALERTS
Ohio Couple in Serious Need of Financial Advice – Starting with Preservation of Capital
CNBC News reported that workers at Goodwill Industries in Zanesville, OH, recently accepted a box of donated housewares – which, to their surprise, also contained a duffel bag filled with almost $100,000. To their further surprise, no one came hunting for the missing cash and the donor, Lynette Leckrone, was apparently unaware that the money was missing.
Earlier that day, husband Dan Leckrone had withdrawn the money - $97,004 to be exact –from the bank and put it in the trunk of the car along with clothes and other household items for donation. The couple is planning to move closer to Wheeling, WV, where they plan to buy a house. But why the withdrawal? According to Dan Leckrone, they “were taking the money to deposit it in another bank where we were moving to.”
Perhaps no one has ever told them about checks, certified checks or wire transfers. Time for some financial planning lessons.
[Click here for similar ‘war stories’: NYTimes]