HIGH FINANCE: Fun on the Card

The fast spread of credit cards is based on one main assumption: most people are honest. Last week Joseph Robert Miraglia, 19, a $73-a-week office clerk from Manhattan's Lower East Side, showed what can happen when the assumption happens to be dead wrong. With a credit card and rubber checks cashed on the basis of credit-card identification, Miraglia told police he ran up $10,000 in hotel and travel bills and general high living in the U.S., Canada and Cuba in less than a month. Said Miraglia: "I always wanted to see the...

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