Like most people who do these sorts of things, Linda Speaks Tribby had a good excuse, which is that she needed the money to buy a helicopter and a motor home, two purchases that seem slightly at odds but the heart wants what it wants.

From about December 2003 to January, Tribby sold some customers on a “wealth-management account product” that she said earned tax-free interest — a product the bank didn’t offer — then transferred funds from their accounts into accounts that she controlled, prosecutors charged. Tribby created fake balance statements for the customers and made periodic interest payments, prosecutors said. She used the money for purchases including a home in West Virginia, a hunting cabin built on about 200 acres of land in New York, a lake house in New York, about 100 acres of property in Nevada, a luxury motor home and a helicopter.

For its part, Wachovia said it was “pleased that this matter, which was an isolated case involving one former team member, has been resolved,” which is kind of like tempting the god’s to turn up another RV-loving, ethically challenged employee or 12 among the ranks.

Ex-Wachovia Manager Admits to Stealing $14 Million to Buy Helicopter, Land [Bloomberg]

85 comments (hidden to protect delicate sensibilities)
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Comments (85)

  1. Posted by Guest | March 4, 2011 at 8:39 PM

    Way classier than blowing it on hookers and drugs.

  2. Posted by Guest | March 4, 2011 at 8:39 PM

    Way classier than blowing it on hookers and drugs.

  3. Posted by Salacious Salamander | March 4, 2011 at 8:44 PM

    Helicopters are for rednecks.

  4. Posted by Salacious Salamander | March 4, 2011 at 8:44 PM

    Helicopters are for rednecks.

  5. Posted by Salacious Salamander | March 4, 2011 at 8:44 PM

    Helicopters are for rednecks.

  6. Posted by Seaman Bodine | March 4, 2011 at 8:51 PM

    what’d she do with the other 12.9 mm?

  7. Posted by Dr. Rosenrose | March 4, 2011 at 8:54 PM

    She was arrested at the airport returning from Vegas. I pray that the trial uncovers her plan to pull a “Hangover” and win it back.

  8. Posted by Dr. Rosenrose | March 4, 2011 at 8:54 PM

    She was arrested at the airport returning from Vegas. I pray that the trial uncovers her plan to pull a “Hangover” and win it back.

  9. Posted by Confucius | March 4, 2011 at 8:59 PM

    If you keep doubling down, you’ll be fine

    – JWM

  10. Posted by Anonymous | March 4, 2011 at 9:02 PM

    Let’s hope she gets credit for her legitimate achievements.

  11. Posted by Anonymous | March 4, 2011 at 9:02 PM

    This reminds me of that time when my Uncle Billy lost the business’s $8,000 while intending to deposit it in the bank. When the bank examiner discovered the shortage later that night, I realized that I would be held responsible and sent to jail and the company will collapse. I thought the world would be better off if I jumped from a bridge. But then an angel named Clarence helped me and showed me what things would have been like if I had never been born. The town then showed up with donations to give back the money so I could pay off the loan. I realized that I had helped many people in a positive way and that my life has truly been a wonderful one.

  12. Posted by Guest | March 4, 2011 at 9:08 PM

    Cat food tag?

  13. Posted by trojan | March 4, 2011 at 9:09 PM

    nice name

  14. Posted by Guesty Guest | March 4, 2011 at 9:14 PM

    More like the heart farts what it farts.

    -Wachovia 1 yr analyst
    Univ of Maryland BS ’10

  15. Posted by Guest | March 4, 2011 at 9:42 PM

    Hookers and drugs….Duh!

  16. Posted by WB common shareholder | March 4, 2011 at 10:09 PM

    Man am I glad I didn’t invest in that product, I would have lost the other 2% of my capital.

  17. Posted by Russian Art | March 4, 2011 at 10:18 PM

    Agreed.

    -T. Kivisto

  18. Posted by Jimmy | March 4, 2011 at 11:05 PM

    Never trust a Tribby.

  19. Posted by Chuck | March 5, 2011 at 2:10 PM

    I need a mega yacht and a new pair of socks!

  20. Posted by Guest | March 7, 2011 at 2:08 PM

    Yeah, didn’t really work out in my favor.

    -N. Leeson.

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