No. of Recommendations: 13

but I've long maintained that the financial services industry attracts more than it's share of rogues and thieves.

While I believe this to be true, I would expand that to any area where funds are available and not properly monitored.

Locally, I have seen low-level administrators in school districts and one sheriff's office go to the grey-bar hotel for stealing public money. One of the school districts had 3 people embezzle over $300K.

Recently, a fire chief stole around $20K from his department. For a west Texas VFD, that is a large amount to lose. Personally, I would have given him life for that one.

Charities? Don't get me started there. I am sure you have seen the (name your own- boy/girl/family) that has a (rare disease/massive injury/etc) that needs money on the web somewhere. Too many have been found to be a complete fraud. Our local TV stations mentioned one of these 3 or 4 years ago then found out months later that the whole thing was a hoax. Now they only carry local stories that are vetted and normally go to a local bank.

Greed is universal to everyone. How an individual controls the urge just goes back to their moral character.

Print the post  


The Retirement Investing Board
This is the board for all discussions related to Investing for and during retirement. To keep the board relevant and Foolish to everyone, please avoid making any posts pertaining to political partisanship. Fool on and Retire on!
When Life Gives You Lemons
We all have had hardships and made poor decisions. The important thing is how we respond and grow. Read the story of a Fool who started from nothing, and looks to gain everything.
Contact Us
Contact Customer Service and other Fool departments here.
Work for Fools?
Winner of the Washingtonian great places to work, and Glassdoor #1 Company to Work For 2015! Have access to all of TMF's online and email products for FREE, and be paid for your contributions to TMF! Click the link and start your Fool career.