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Students get lesson in investment fraud
TREVOSE, Pa. (3/9/10)--With little or no credit history, high school students are prime targets of identity theft scams, says TruMark Financial CU. To address the growing problem, the Trevose, Pa.--based credit union sponsored an investment fraud presentation to more than 400 seniors at Plymouth Whitemarsh High School, Plymouth Meeting, Pa. Doug Hassenbein, representative from the Pennsylvania Securities Commission, discussed investment scams, identity theft, and affinity fraud through social media and other online channels. As part of TruMark Financial's financial literacy program, credit union employees visit local high schools and discuss topics such as identity theft, budgeting, and the potential of credit card debt. The presentations provide third-party expertise and complement the existing personal finance curriculum. TruMark Financial has more than $1.2 billion in assets and 90,000 members.
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