Word: theft
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...devices, spending at least $1 billion a year in payouts and redemptions. Some 100 billion coupons will be circulated this year in newspapers, magazines and direct-mail bundles. Not all of them are authentic, it seems. The Chicago Tribune reported last week that it had uncovered evidence of widespread theft and counterfeiting of newspaper coupons and special inserts...
Last week the booming money-market funds passed yet another milestone: their first reported theft. The FBI alleged that a Brazilian couple, an accounting clerk and her boyfriend, embezzled $1.55 million from the $788 million First Variable Rate Fund for Government Income in Washington by using an almost routine bank fraud scheme. Vera Lucia Campos, 27, and Andre L. Prestes, 26, who were illegal aliens according to the Government, appeared to have planned the ploy carefully...
Money-market funds are not federally insured like banks and savings and loans, but First Variable's 70,000 shareholders would have been protected, its lawyers say, even if the missing cash had not been found. Money funds are required to carry insurance against employee theft, and by sheer coincidence First Variable's policy covered losses of up to $1.5 million...
...also promoting a new way of making a cash withdrawal. Customers telephone a designated number, give a code word like "hot dog," and traveler's checks with a perfect electronic copy of the customer's signature are sent out. The checks are insured against loss or theft, and the bank believes that they will soon be as popular as cash...
...Mattress. Keeping cash at home ensures that it will always be close at hand and safe, assuming that it is protected from theft and fire. Disadvantage: at current rates of inflation, the money will lose about 10% in value each year...