European Stars And Stripes (Newspaper) - February 20, 1981, Darmstadt, Hesse                                February 1981 the stars and stripes Page 19 Good cents for the by Mary Neth by Louise Cook associated press Young children often Are More aware of Money than their parents and grown ups can use that awareness to teach the Young sters How to spend a recent Issue of consumer a monthly newsletter prepared by economists at one of the nations biggest commercial took up the subject of children and the Best Way to teach is to let children practice using Money themselves and to get them started the newsletter Young children usually first notice Money when they go to stores with so Start teaching on shopping trips with give a 5 year old or even a toddler some change in the and let the child pay for crayons or a the Citibank economists asked childbearing experts about overspending and Here Are highlights of what the experts said children Are ready to make their own spending choices As soon As they understand the difference Between num let your son or daughter make the decision about whether to use his or her coins to buy one item costing 30 cents or two things at 15 cents youngsters under the age of five or six usually Arent ready for a weekly they dont have a sense of the by the time your child is in the first he or she is probably ready for regular spend figure out How much your child help the youngster keep a record of what he or she spends for a few sit Down with your child and Divide the items into fixed expenses like warfare or variables like toys or movies and the or Are the child wont learn much about Man aging Money from an allowance completely tied into say the Citibank keep things simple to Start the extras category in the allowance of youngsters under the age of eight or nine should be limited to things like ice Inex pensive toys or other Small you can gradually increase the Childs responsibilities As he or she gets old adding a sum for for a budget for older children should include a category for possible unless it is financially earnings should not be subtracted from an Al youll reduce the Childs motivation to sooner or later youll probably hear the argument the other kids get More than i review your Young sters have you adjusted it at All to cover inflation is his or her complaint valid Check other parents to find out what your Childs friends Are actually you May decide an increase is you feel the allowance is be Point out it is not always a Good thing to follow the explain that different families have different amounts or different be honest with the include them in discussions of family you can to expect your youngsters to make at least a few spending keep criticism to a minimum when possible let the child learn from his or her own errors and gain there Are times to As a general you should set simple standards in the beginning and stick to dangerous for should be so should too Many it is usually not a Good idea to bail out a child who wastes his or her entire then asks for in special you May want to give a Young Ster an insist on and use the experience As a Basic lesson in borrowing and an allowance should be kept on a Businesslike if you tie it to your Childs subtracting from the allowance As punishment or adding As a it be comes irregular and loses its value As a tool for teaching Money commodity firm investors who transferred funds from the no defunct Belcher management consultants firm to zeus International investment company in hol land have been delivered a a letter has been sent informing them that zeus is in a very precarious position financially and As the result of recent events unable to pay anyone now or for some time to problems with the two commodity firms began surfacing last irregularities in operation of the Belcher whose Armand is now in pretrial confinement in on charges of were reported by two former employees in upon receiving the the Federal banking supervisory office  fuer Das Kredit Wesen in West Berlin stepped in and ordered the firm to Stop soliciting business and seized its following that representatives of the firm vis itch stars and stripes to dispute the fact that the Compa i by was in Cam senior consultant at the who has since said he is no longer with the Compa stated that the company would continue doing Busi Ness under the name of zeus registered in but with a Rotterdam John Krump of the Usa eur Legal assistance warned Belcher clients against making such a Transfer of funds As he said it would make any future Legal action More in charges of fraud were brought against Belcher and the Belcher firm by an american investor who claimed to have lost the Lawver handling the Heinz Hupfer of now has taken on More american clients and has filed a suit for a number of american clients which allows splitting of their Legal shortly after taking the Hupfer went to the City prosecutors office in Wuerzburg for a warrant to seize the contents of the Belcher office he discovered that because of rent the landlord already had been awarded office equipment left by the departed in the on the basis of the charge placed by Hupfer for his american the City prosecutor issued an International arrest warrant for belch in he was found in Germany at the Home of a Friend and placed under pretrial confine ment where he remains a trial Date has not yet been As it stands the class action suit filed by Hupfer in behalf of the american is directed against Belcher management zeus inter National investment and the related dutch management services and agents of the Belcher Compa Hupfer said that the agents can be held financially liable in individual cases where people they advised to invest in the firm have lost the december letter to the zeus clients was initiated by Ted Taylor and Van Den on our behalf two of our employees went to Nigeria and attempted to recover your and our monies and the situation they encountered does not look it it seems Belcher sent Many items to Nigeria without prior investigation of the potential mar Many of the items landed up sitting in warehouses and being sold for warehouse in As far As we can ascertain All of the products ship Ped there did not even have All of the necessary documentation to ensure that Belcher even had or could be passed by customs to enter the zeus letter does not spell out exactly what commodities were being Hupfer that he has been informed by Lothar Belchers that the company was dealing in Export of lamps and in any the letter to the zeus clients goes on to note that we could continue to recount More stories to you regarding Belchers failures but it reads like a tragedy of we Are in a we have lost a considerable amount of in excess of As a result we Are in a very precarious position we had As we Are sure Many of you that results from Nigeria would have been More As a result of these events we Are unable to pay anyone now or for sometime to the letter then pleads noting we seriously believe we can Start payouts in january february for at least up to August matured in order to do this we need your understanding and a if we do not have and As a consequence find ourselves involved in numerous Legal then there is but one alternative for we Are acutely aware of our but we cannot try to go Forward while we Are being attacked from the the zeus letter states that the company has taken Legal action against Belcher does have some and what Little there is we will we need your if we Start fighting among ourselves everyone will and Belcher will have won when it comes to that claim of Legal Hupfer said zeus has not filed an official suit As far As he has been Able to he also said that he believes his clients would have first right to any Money recovered from the Belcher in respect to the latest documents recovery of investments Doest look too he but i dont think Belcher is just a poor Man in Over the two years the firm million was accrued in Hupfer also pointed out that any judgements won against the firms and Belcher will be in effect for 30 this Means that any time during that period Money held by those parties can be after his Belcher filed a paupers oath with the court claiming to have no he then admitted to having a farm in the and filed another court oath which said it was located in in partnership with a James Hupfer has now discovered that there is a joint venture agreement signed by Belcher that puts the property described As consisting of acres in the township of Wood with the partner being a Jessie Brumbaugh of North he is checking into the title and value of the said