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Fed Chief Victim of ID Theft

An elaborate identity theft scheme has reached the highest levels of the U.S. financial system, striking the personal bank account of Federal Reserve Chairman Ben Bernanke and his wife.

According to a Washington, D.C., police report, Anna Bernanke's purse was stolen last August from her chair at a Capitol Hill Starbucks. It contained her Social Security card, checkbook and IDs.

From there, the Bernankes' checking account was swept up into a larger scheme first reported by Newsweek magazine Tuesday.

Court filings show defendant George L. Reid has confessed to depositing checks from the Bernankes' account.

In a statement, Bernanke says identity theft affects millions of people each year.

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