Quote:
Originally Posted by media
This is why I will never keep an account with more than $100,000 in it.. I'll have 10 accounts and keep moving money around.. You can tell me how that's dumb, yadda yadda.. but it is done by lots of people for reasons exactly like this..
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Yep. Had a friend that won the lotto in Florida. Said he would not be like all the rest and he would not hire an accountant. ONce the people from the bank really explained that the FDIC only covered up to 100k, and he could lose the rest, he hired an accountant to help him manage the accounts.
he won 19 mil,