An Associated Press article today, dateline Bellevue, Washington:
"A former agent at a Bellevue travel company was charged Friday with stealing nearly 3.7 million airline miles from high-end clients, then using them to buy plane tickets for herself and her family. ... According to a wire-fraud charge unsealed Friday in federal court, Yeakel used the airline miles to buy 135 flights for herself and her family, worth more than $109,000."
(For that number of miles, it doesn't seem to be a very favorable redemption rate!)
Apparently the internal control in her former employer was very poor as the cheating started in 2005 (fraudulent usage of clients' CC) and the stealing of miles started in 2008. The whole thing did not blow up until 2011!
fraud and mere inactivity is the reason why everyone really should log into their accounts at least 1x per month.
surprising how many people have no clue about when or why their accounts go inactive or their account was used by someone else for reward bookings (usually someone they know who they gave their password to).
I doubt she cared about the cost per mile, and many of the really do not care about the miles.
The same G's that arrested her are the same group that has deteriorated housing values by 40% and are now taking $40.00 a week from your paycheck to supplement their spending, and buying favors, much like the travel agent...
Kind of like the pot calling the kettle black.