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Karen Gervais

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Protecting Children from Financial Fraud
by Karen Gervais - January 21, 2003

It seemed simple enough for Jake’s parents. Eager to teach their 8-year-old son about saving money, they opened a small passbook account at their local bank. With a $25 deposit and a lecture on savings, Jake was on his way — until he started getting credit card applications. Young consumer beware.



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