In a lawsuit filed by Bank of Montreal, former employee Gregory Rao is accused of stealing money from clients. $9.2 million from 20 clients to be exact. Mr. Rao was dismissed in August after admitting to misappropriating $2 million. But as it dug deeper, the bank discovered a far greater sum missing in action. Stay tuned for future developments in this search, and for now, see the full article from Investment News. http://www.investmentnews.com/apps/pbcs.dll/article?AID=/20090921/FREE/909219991/1094/INDaily01
