For a lot of ID theft victims, financial loss is the least of their problems
Friday, October 24th, 2008We’ve all heard – or experienced – the horror stories of identity thieves who use stolen identities to open credit card accounts or buy cars, boats and houses. But, it could be worse. Take Malcolm Byrd’s story for instance: it’s the stuff Coen brothers’ movies are made of.
It starts with a guy in Wisconsin, Malcolm Byrd, reading a story in the local newspaper that details his arrest of the previous night. What the …? He goes to the police department. They explain that some guy got arrested for coke possession with intent to sell and gave his name as Malcolm Byrd. By the time the “real” Malcolm Byrd read about the arrest, the impostor had bonded out of jail and was released.
Next, Malcolm goes to the paper. Apologies are made. A retraction is run. It was a strange, strange day for our hero, but it’s all been cleared up, right? Of course not. If it were all cleared up, it wouldn’t be worthy of the Coen brothers. (more…)