Hello Coyotes, I've got the feeling you're absolutely right, I also thought that any insurance will only pay each individual investor, irrespectedly of how many accounts he or she holds in that particular bank. The only clever thing would have been to open accounts under different names, wife, husband, children so on, so that they all are considered individual investors.
There are rumours that the group of Rural Banks associated with the Legacy Group were actually running kind of a pyramid schemes, double your money in two years thing,definetevly illegal as they are a scam and because of their connections were never investigated by the Authorities.......I did not say this, just read all articles on the web that proclaimed so, before issueing a bounty on my head
The thing is a serious one though and will bring ruin to many poor people.
Now I've got a dilemma in my hands.......