Margot Somerville never dreamed of being accused of a financial crime. The retired former banking executive at Wells Fargo had her wallet stolen on a San Francisco street trolley in 2006. Initially, only $45 was missing from her account, spent at a United States Postal Service location. Eventually, the then 66 year-old Somerville was arrested at her home, accused by police of masterminding a scam that resulted in the theft of more than $60,000 from other people’s accounts from local Wells Fargo branches. The real culprit? Andrea Harris-Frazier. The 56 year old was eventually caught and charged with identity fraud charges. To this day, Somerville’s reputation has been tarnished, and she had spent almost $60,000 in legal fees throughout the entire process. This situation could have happened to anyone, and it could have been the result of more than just a wallet being stolen; improper document disposal, PIN theft, or driver’s license theft could have also result in similar scenarios. Continue reading Secure document disposal in Toronto →