Accused killer racked up debt using dead wife's credit

Summary:

After precise investigations regarding the death of Charles Kembo’s wife Margaret Kembo, daughter, and a friend, Charles Kembo is charged with first degree murder. His motive was believed to assume the victim’s identities for financial gains. According to his wife’s chartered accountant Rosanne Terhart, Margaret owned $43 000 in credit card debt when she vanished in 2002. The substantial debt was distributed over five different credit cards. By the end of 2003, another five credit cards were created under Margaret’s name and resulted in a total balance of $160 000. Furthermore, several fraudulent cheques were issued and deposited after the credit card limits were reached. Charles Kembo spent the fortune to portray himself as a rich, successful businessman along with an expensive car.

Connection:

This article contradicts the numerous advantages and benefits of credit cards as stated in Chapter 14.2. The book strictly focuses on the benefits and the convenience credit cards can provide its owners rather than the various dangers behind the possession of a credit card. All it takes is several pieces of personal information for others to secretly withdraw money from one’s bank account without one’s notice. Not to mention, many credit cards only require a personal pin code to access, so if that personal pin code is obtained by someone else, things can get disastrous similar to what happened in the article.

Reflection:

In my opinion, a credit card is similar to an email account. All it requires is a password or in this case, a personal pin to access a credit card. If the password to your email is obtained by someone else, that person can access all your private documents and information in your email account. Furthermore, things will get disastrous if the person decides to contact your contact list and act as if he/she is the owner. Now, all of the your email contacts may fall any potential scams sent to them by the person. If one does not handle their personal information with caution, he or she may be the next victim to carry a massive debt exactly like the victims mentioned in the article.

Article:http://www.vancouversun.com/news/Accused+killer+racked+debt+using+dead+wife+credit+court+told/2690675/story.html