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Politics : Sharks in the Septic Tank

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To: YlangYlangBreeze who started this subject	7/30/2002 6:50:06 PM
From: TimF	of 82486

Have you checked your brokerage account statement lately?<g> nytimes.com Eyes Wide Shut By BOB HERBERT The amount of the thievery was breathtaking, scores of millions of dollars at last count. And it seemed to go on forever. But the people who should have been watching the money at the SG Cowen and Lehman Brothers brokerage firms never even noticed. When Samuel Glazer, the co-founder of Mr. Coffee, received his monthly statements from Lehman Brothers in 2001, they showed that he had nearly $24 million in extremely safe bonds, mostly U.S. Treasury bonds. "He thinks that money is there waiting for him," said his lawyer, Robert Duvin, of Cleveland. It wasn't. Mr. Glazer's money had been stolen. Last January he got a call from a Lehman official informing him that instead of $24 million, he really had just $15,000 in his account... Message 17796443

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