a business after retirement?

[Khan]

DIY Bank
------------------------------
http://news.yahoo.com/s/ap/20070502/...warehouse_bank

SEATTLE - A man operated a "warehouse bank" out of his suburban home, taking at least $28 million from people around the country who wanted a discrete bank account, according to court documents

[Nords]

My first thought was: How long did he expect to get away with this?

My second though: It took the IRS over five years to track down the 1099 mismatch?!?

Guess that answers the first thought...

[haha]

Very interesting. He likely could have just stolen the money and absconded and he would be free today.

Ha

[whizzwanaB]

The words

"A FOOL AND HIS MONEY ARE EASILY PARTED" come to mind.