Ok, I have to agree with prolaznik here. I just tried to "create" a new account using some of the same info (username and email address) and got errors on both of them. So I can say that you cannot create an account as another member that already exist.
In order to have, what you called, "Account Thieves" they have to get your login information to gain access. With that being said, ANY site you go to can be compromised. You should make sure that you protect your login information to reduce the risk of having it compromised, such as complex passwords and/or changing your password often.
There are many people who may use the abilities for multiple logins/locations for specific reason. This should not be denied.