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With the economy looking shaky (thanks, in part, to bogus computer simulations), and more and more banks being bailed out with federal funds, you might be thinking that the inside of your mattress is the safest place for your cash right now. If not, please allow us to give you a few more reasons to think twice before signing that deposit slip, courtesy of a disconcerting article at Wired about some bad employee behavior at a number of financial institutions.
The cases include the case of Citibank employee Brandon Wyatt, who was recently charged with wiring customer money -- about $380,000 -- to other bank accounts he had access to and then pulling that out as cash out and spending it himself. Meanwhile, two employees of an Indianapolis investment company used private customer information to open 129 separate bogus credit card accounts with a combined $1.4-million credit line. Scary? Yes, but we're still inclined to think our money's safer in a bank than under the bed -- with our luck, we'd leave our retirement savings on the curb after some spring cleaning.
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