Resolutions fail before you know it.
One of the most popular types of fraud is called an employment scam. There are many different types of variations for this scam, but the most common is when a victim is falsely led to believe they have landed their dream job. After the “employer” hires the victim (with no legal documents signed) they send the victim a counterfeit cashier’s check stating they are going to pay for the equipment that they will need for the job. They then later claim they over paid and demand that the excess funds are returned. They give the victim a fake account number and instruct them to send the funds electronically via a money transferring service. If the victim falls for the tricks, and sends the funds, they will most likely never see those funds again. This nightmare becomes reality when the check bounces and the victim is left with the bill. Once the check bounces, the victim owes the money back to the financial institution. Often times the victims are truly looking for a job and are already worried about money, so this just compounds the issue.
If it sounds too good to be true, it probably is! In recent years, thousands of people have lost millions of dollars and their personal information to tax scams and fake IRS communication. This article looks at the scams affecting individuals and businesses and what to do if you if you spot a tax scam.
Lockheed Aircraft Employees Federal Credit Union was officially chartered January 21, 1937. Several weeks ago, with that milestone anniversary rapidly approaching, I took a few minutes to again read the original charter application, signed by the 12 Lockheed employees who founded our institution.
Once again, it’s a new year. As we all begin to ponder on our new year’s resolutions and how to actually stick to it this year, I thought I would offer some advice before it’s too late. If your New Year’s resolution is like mine, to save money for whatever the purpose, this is any easy way to do so.
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