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ID theft victim Mayor Bloomberg didn’t notice $10,000 missing from his account

This explains why most politicians have absolutely no concept of what working people go through just to pay the bills . When you don’t notice $10,000 missing from your checking account, you have a problem:

You have TOO MUCH MONEY!

Bloomberg Victim Of ID Theft, Authorities Say

By Alice McQuillan

POSTED: 4:06 pm EDT October 2, 2007
UPDATED: 7:56 pm EDT October 2, 2007

NEW YORK—Even New York City Mayor Michael Bloomberg is apparently not immune to the epidemic of identity theft.

The billionaire’s personal account at the Bank of America has been targeted by two alleged thieves, one stealing $10,000 from the mayor, the other thwarted in an attempt to get $420,000 by using forged checks, authorities said Tuesday.

Manhattan prosecutors announced charges against the two suspects, saying it’s unclear how they obtained Bloomberg’s account information and if they had been working together.

The suspects, New Jersey men in custody since late summer, apparently had the mayor’s account number, perhaps by seeing or finding one of his checks, law enforcement sources said.

The first theft of $10,000 happened in May through an online transfer from the mayor’s account to an E-Trade account set up by suspect Charles Nelson of Newark, prosecutors said. That swindle was apparently undetected until the second suspect, Odalis Bostic of Elizabeth, tried to steal $420,000 of Bloomberg’s money in June, officials said.

Bostic is charged with depositing two forged checks drawn on the mayor’s account at the Bank of America and issued in the name of his financial manager, Geller & Company, said Manhattan District Attorney Robert Morgenthau. Bostic set up a firm in Elizabeth called the Laderman Development Company and opened business accounts in that name at two banks, PNC and Sovereign Bank, prosecutors said.

In early June, Bostic deposited one of those forged checks, worth $190,000, into the Laderman account at PNC and then another forged check for $230,000 into that company’s Sovereign Bank account, authorities said. Given the amount of these checks, the banks put holds on them and a subsequent investigation uncovered the forgeries and the earlier $10,000 theft, prosecutors said.

Nelson is charged with third-degree grand larceny and first-degree identity theft and remains in custody on weapons charges in New Jersey after two guns were found in a search of his home, authorities said.

Bostic, who told authorities that he was in the construction business, was charged with second-degree attempted grand larceny and bail was set at $10,000 at his arraignment Tuesday in New York State Supreme Court.