Jim McFarlin nominates Elena Morrison for membership and asks for a vote. The vote passes unanimously. He then officially welcomes her into the club with a Rotary Pin.
Gary informed us that we are sponsoring Claire Clark from Interact to RYLA for a two-and-a-half-day leadership training opportunity.
Dean let us know that the RYE meeting follows this meeting.
Program: MVSB Scam Awareness
Speakers: MSVB Branch and Business Development Managers
Help us help you protect your money.
Who are scammers targeting? Seniors, leading to billions of dollars in losses annually. In 2023, 392,392 fraud complaints were made by people aged 60+. 1 in 5 seniors is a victim of financial exploitation.
Types of Scams
- Family Imposter
- Government Imposter
- Money Mule
- Romance
- Tech Support
- Lottery
Scammers pressure you to pay quickly and pray about your fear or danger to a loved one. They impersonate a relative and claim to be in trouble for money. Resist the pressure to act quickly. Call the police before proceeding. Never send account numbers, passwords, etc, to anyone. Reach out and contact the person who says they’re in trouble or verify with a trusted family member. Wire money, gift cards, or cashier checks are how they will ask for the money. Never deposit a check or money order on behalf of someone else. They use your social media to pick up on clues. They might use AI to copy the voice of a loved one.
Family Imposter Scam. The scammer claims to be a grandchild in trouble, and please send money immediately. They might call in the middle of the night to create confusion, so do not give personal information over the phone when they call. Trust your gut
Government Imposter Scam. Missed a payment, owed back taxes, etc. They can say they are the IRS, the police of the FBI, and can spoof a legitimate local phone number. They often ask for untraceable payment methods. These agencies will not contact you by phone.
Money Mule. Scammers have someone else use their personal bank account to transfer money, thinking they’ll let you keep a little for yourself. Used to move illegal funds. All stories are lies. It’s still a crime for you to help them whether or not you knew it was a crime.
Romance Scams. Prey on online dating site users. Profess love quickly and ask for money. Claim to need money for emergencies. They try to move your chat off the dating site to keep people out of their business. They will never meet you in person. Never send money to a “sweetheart” online. Contact the bank and the police. Let the social media site know.
Tech Support Scams. Scammers are reaching out to you to fix a false issue. Hang up immediately. If you see a pop-up on the computer saying “virus,” etc. saying to call, then ignore it. They will try to access your computer remotely. Don’t give them access to your computer. Just shut off your computer. Scammers will send Emails or text “Netflix…click to update your payment method.” Or UPS can’t deliver your package. All are scams.
Lottery Scams. The scammer will say you have won a prize and need to pay a fee, taxes, or shipping charges upfront to receive it. However, there is no prize.
Watch out for types of fraudulent checks: Counterfeit, altered or washed, and forged endorsements.
I’m being scammed…now what? Slow Down. Never Transfer Money. Contact the Bank Right Away. Report Your Experience. Contact local police. If you are asked to lie to your bank, you are probably being scammed. reportfraud.ftc.gov
Get a fraud alert on your deed. Nhdeeds.com and register your property to protect you against liens. Resources: Aba.com 800-226-5377; ftc.gov 202.326.2222
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Kevin asks the Rotary Board to consider donating to the American Legion for the money stolen the other night.
President Wendy led us in the Four-Way Test. The meeting adjourned at 7:33 PM.
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