1. Friday, October 25, 2013 - 1:26 PM
Almost every case came down to lack of internal controls and greed of those that exploited them. I hope the story will help re-enforce the need for strong controls.
66 posts since
Nov 18, 2010
Rep Points: 409
2. Saturday, October 26, 2013 - 1:10 PM
Scary ture stories that manifested that greed knows no limit. The real issue for common credit unoin members is that there is no way to know it in advance and prevent it. The only protection measure is to check one's account frequently to detect abonormal activities. At least the RCA account holders are obligated to check their account once a month for requirements as well as balance/interest.
1,462 posts since
Jan 16, 2010
Rep Points: 6,352