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Strategies & Market Trends : Booms, Busts, and Recoveries

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To: jim black who wrote (13948)1/26/2002 3:10:25 PM
From: Ilaine  Read Replies (2) of 74559
 
Once upon a time, suicide was considered a gentlemanly thing to do, in order to spare your family from humiliation and financial ruin. My own life insurance policy does not have a no-suicide clause, although there was one in effect for the first two years, and I expect that this is the case for many, if not most, people.

Speaking of public humiliation, a local lawyer who used to be a judge was indicted yesterday for taking over $200,000 from an account he was administering for a couple of old people in a nursing home.

The scuttlebutt around the courthouse was that he had turned in his license and was trying to work out some sort of deal to avoid criminal prosecution, but I guess he couldn't repay the money.

I used to rent my office space from his partner, and had many cordial conversations with him for the two or so years that I shared office space with him. I thought the world of him. I thought he was one of the good guys. I looked up to him.

It was a terrible blow to me, although nothing like the blow his bright, beautiful wife and his lovely daughters must be feeling.

He is out of jail on personal recognizance. I did not see him coming into the court for his arraignment, but I saw him afterwards. I tried to smile and wave but my heart wasn't in it.

If I were in his shoes, I think I'd be thinking long and hard about suicide rather than prison and financial ruin for my family. My life insurance would give them an easier life.

Not that I wish ill on this man - it's just that he is going to suffer a great deal for his wrongdoing. After the fraud case, the IRS will be right behind.
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