Page 3 - Boomer Times Magazine September 2020 Issue

Protect, Protect, Protect

By Mark Morowitz, CPA
Do you use protection? Come on now, get your have gone unnoticed for another month. As it turns
mind out of the gutter! I am talking about financial out, 5 more fraudulent checks were presented for
protection. If you are reading this, you’re probably payment in the next week.
old enough to know that nobody looks out for you Of course, I had closed that account so no additional
better than yourself. We come from a generation of funds were in jeopardy. The worst parts were the feel-
basic distrust in our fellow humans to do right by us. I ing of violation and the 5 hours it took me to change
myself remember hearing conversations between all my banking information with Social Security, AARP,
my mom and dad exhibiting that distrust. my investment accounts, etc. Vowing to be ever so
Let me tell you what recently happened to me. Back vigilant, it happened to me again yesterday.
in July, I discovered a theft through my bank account. Mark Morowitz, CPA I am a CPA. I know how to protect myself against
There was no magic involved in finding it, because through my financial fraud and what to do if it happens. I tend to think that
bank, I elected to be notified when checks cleared my account. It most people do not know the ins and outs related to protecting
was a Saturday morning at 6:00 when the email woke me inform- yourself. Please take this initial bit of advice. Contact your bank
ing me that 3 checks amounting to $3,500 each had been cashed and have them help you set up online banking, let them show you
on Friday. I did not issue I am a CPA. I know how to protect myself against how to use it and check
those checks, so I knew your activity daily. When
something was wrong. financial fraud and what to do if it happens. paying your bills, send out
Because I have the ability I tend to think that most people do not know as few checks as possible
to view my bank account and try using the bill-pay
online, I printed front and the ins and outs related to protecting yourself. feature provided in online
back copies of the three poor reproductions of my checks with banking. These are the basic methods you should employ. There
poorly forged signatures. This allowed me to know what direction are many other ways to protect what is valuable to you. Feel free
to lead the bank in recovering my money. Coincidentally (I think to contact me if you would like to discuss.
not), the month on my bank account closed the day before. So, Call Mark Morowitz at 609-338-3603 for a free consultation, or go to:
if I did not check my account online every day, that theft would MorowitzCPA.com.

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SEPTEMBER 2020 BoomerTimesFL.com BoomerTimes & SeniorLife / 3