And Millard thought it's money would be safe in a segregaed account.
Segregated Accounts - Many people mistakenly believe that if a QI separates (segregates) their depositors’ proceeds into individual bank accounts rather than co-mingle it in one account that it will help to protect the depositor. This is a myth. Regardless of FDIC protection, separate accounts do not protect depositors from QI failure, malfeasance or bankruptcy.
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