Following hard on the heels of the recent attempt by an author to snare exclusive rights to the common, everyday word “cocky” comes the news that embezzlement of writers’ earnings has occurred at a well-respected literary agency.

The writer of Fight Club has been swindled along with many other writers.  The bookkeeper stole $3.4 million dollars.  MILLION.

Kristine Kathryn Rusch has blogged her warnings about literary agencies multiple times.  Read her thoughts here.