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Yer no one deserves that and I think that giving anyone control over your account to any degree is just bad judgment (though being a kid he is more likely to be gullible to this) you never give anyone access to your stuff. Don't trust anyone, I have had it happen and know plenty of people to that have had long time trusted friends steal from them in there own house. It's great to see people helping him but people need to also teach him that not to trust people. It's the old saying of "just because your friend says something is ok, do you still do it". Never give anyone access to your accounts or personal details.
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ya that sucks, tough life lesson. but big thumbs up for all the folks offering to help him get back up and running