News

Wachovia Employee Admits To Convincing Clients To Put $14.1 Million In Wealth Management Fund Bank Didn’t Actually Offer

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 for your protection)
Show all comments

85 Responses to “Wachovia Employee Admits To Convincing Clients To Put $14.1 Million In Wealth Management Fund Bank Didn’t Actually Offer”

  1. Guest says:

    Way classier than blowing it on hookers and drugs.

  2. Guest says:

    Way classier than blowing it on hookers and drugs.

  3. Salacious Salamander says:

    Helicopters are for rednecks.

  4. Salacious Salamander says:

    Helicopters are for rednecks.

  5. Salacious Salamander says:

    Helicopters are for rednecks.

  6. Seaman Bodine says:

    what’d she do with the other 12.9 mm?

  7. Dr. Rosenrose says:

    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. Dr. Rosenrose says:

    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. Anonymous says:

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

  10. Anonymous says:

    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.

  11. Guest says:

    Cat food tag?

  12. Guesty Guest says:

    More like the heart farts what it farts.

    -Wachovia 1 yr analyst
    Univ of Maryland BS ’10

  13. WB common shareholder says:

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

  14. Jimmy says:

    Never trust a Tribby.

  15. Chuck says:

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

  16. crork says:

    ZXTvEB Major thanks for the blog post.Really thank you!

  17. Im thankful for the post. Fantastic.

  18. étterem says:

    Great, thanks for sharing this article.Really thank you! Really Great.

  19. Thanks so much for the post.Really looking forward to read more. Really Cool.

  20. Sent the first post, but it wasn`t published. I am writing the second. It’s me, the African tourist.

  21. Author, keep doing in the same way..!

  22. I really like and appreciate your blog post.Much thanks again. Fantastic.

  23. I truly appreciate this article.Really looking forward to read more. Really Cool.

  24. lida satis says:

    Say, you got a nice post.Really looking forward to read more. Really Great.

  25. Im thankful for the blog post.Much thanks again. Really Great.

  26. Thanks again for the post.Really thank you! Cool.

  27. Really appreciate you sharing this article post. Fantastic.

  28. Hey, G-d he you should not like ‘butchers of women and children (Operation Cast Lead) nor does he like ‘Organ thieves,’ and certainly, no bandit Jew that works on Wall Street, huh, ‘Grumpy?’

  29. Im grateful for the article post. Fantastic.

  30. Very informative post.Really thank you! Will read on…

  31. Im thankful for the blog post.Much thanks again. Want more.

  32. I truly appreciate this blog.Much thanks again. Will read on…

  33. A big thank you for your post.Thanks Again. Will read on…

  34. Thanks for the blog. Really Cool.

  35. Fantastic article post.Much thanks again. Cool.

  36. I really like and appreciate your blog article.Really thank you! Will read on…

  37. Very informative article post.Thanks Again. Want more.

  38. Fantastic article post.Much thanks again. Awesome.

  39. Very informative post.Really thank you! Want more.

  40. Thank you for your blog article. Keep writing.

  41. Major thanks for the article post.Much thanks again. Awesome.

  42. Im thankful for the article.Thanks Again. Keep writing.

  43. hip hop says:

    Great blog post.Really looking forward to read more. Great.

  44. Really enjoyed this article.Thanks Again. Really Cool.

  45. Wow, great article.Much thanks again.

  46. Fantastic blog.Really thank you! Want more.

  47. Thanks so much for the blog.Thanks Again.

  48. Say, you got a nice article.Thanks Again. Keep writing.

  49. Totally agree with you, about a week ago wrote about the same in my blog..!

  50. Great article post.Thanks Again. Really Great.

  51. foot rest says:

    Muchos Gracias for your blog article.Much thanks again. Will read on…

  52. cartridges says:

    Major thanks for the post.Really looking forward to read more. Keep writing.

  53. Thanks for the article post.Really thank you!

  54. Thanks for sharing, this is a fantastic blog post.Really thank you! Much obliged.

  55. pryszcze says:

    […]one of our guests not too long ago suggested the following website[…]

  56. Dnl9Q0 Major thankies for the blog.Really thank you! Will read on…

  57. wow, awesome article post.Much thanks again. Will read on…

  58. hosting says:

    Thank you for your blog article.Really looking forward to read more. Want more.

  59. I really like and appreciate your blog. Fantastic.

  60. Hey, thanks for the article post. Really Cool.

  61. Franken News says:

    A big thank you for your article post.Much thanks again. Really Cool.

  62. dieta dukana says:

    Really enjoyed this blog article.Really looking forward to read more. Keep writing.

  63. I really liked your post. Much obliged.

  64. Thanks-a-mundo for the post.Much thanks again. Awesome.

  65. Very good blog post.Really looking forward to read more. Much obliged.

  66. I almost accidentally visited to this site, but stayed here for a long time. Stayed because everything was very interesting. Surely will share with all my friends!…

  67. I appreciate you sharing this blog.Really looking forward to read more. Really Cool.

  68. Not bad post, leave it at my bookmarks!…

  69. Very informative article.Really looking forward to read more. Cool.

  70. Game says:

    Enjoyed every bit of your blog article.Really looking forward to read more. Much obliged.

  71. Thank you for your post.Really thank you! Great.

  72. what is yoga says:

    Really enjoyed this article post.Really looking forward to read more. Will read on…

  73. This is one awesome article post.Thanks Again. Fantastic.

  74. This is one awesome post.Thanks Again. Cool.

  75. Major thankies for the blog post.Really thank you! Cool.

  76. Very informative blog article.Really thank you! Keep writing.

  77. A big thank you for your blog.Thanks Again. Cool.

  78. die cutting says:

    Looking forward to reading more. Great blog post. Cool.

  79. I truly appreciate this post.Thanks Again. Really Great.

Our Sites

  • Above the Law
  • How Appealing
  • ATL Redline
  • Breaking Defense
  • Breaking Energy
  • Breaking Gov
  • Dealbreaker
  • Fashonista
  •