Friday, April 17, 2009

HSBC's Angry Investment Client

Stephen Montalvo had a $1.2 billion investment account at HSBC. After it shrank by more than half in the recent unpleasantness, he threatened to come to the bank with a gun and get his money back.

Fortunately for Montalvo, folks who work at big banks aren't too popular these days. In court, the former millionaire got off with time served plus four months' home confinement.

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