- Salty Ginger Talk Newsletter
- Posts
- Salty Ginger Talk Newsletter
California woman inexplicably wires $54K to scammers
Our take: One would think that with all the stories of people getting random phone calls or experiencing computer issues that have led to thousands of people losing billions of dollars to scammers, people would think long and hard before wiring money to a random person. But you would be wrong.
A woman in California wired $54k to scammers who said a hacked Facebook page put her business bank account at risk. The story tries to paint the scam as totally plausible and sophisticated. We don’t want to regurgitate the details here, but the article is worth the read.
Here is the bottom line. Banks will never call you and tell you that you need to wire money right now. Neither will law enforcement or government agencies, legitimate businesses, or legitimate people.
Anytime someone contacts you and tells you that you need to pay them immediately before hanging up the phone, or tells you that you or someone you know will be arrested unless you pay immediately, or tells you someone you know is in trouble and the caller is trying to help you by getting you to pay them right now—hang up. It’s a scam. C’mon people—this is really not that hard.
We are not saying we think scammers are blameless. They are lowlifes who prey on people’s emotions to extract money from them. That said, it is not hard at all to hang onto your money.
COURTESY: MSN
A spring snowstorm could dump 3 feet of snow on 5 Western states
Our take: It’s well into spring. We got plenty of April showers, so we should expect May flowers. Not so in the Southern Rocky Mountain states of Montana, Colorado, Wyoming, Utah, and New Mexico. The National Weather Service issued weather warnings for all states, with as much as three feet of snow expected in the highest peaks in Colorado.
It’s been a long winter here in Cleveland, OH. We feel for the people in these states who are ready to break out their shorts and tank tops and barbeque this weekend. Hang in there—summer will come eventually.
COURTESY: NEWSWEEK
Weight Watchers files for Chapter 11 Bankruptcy
Our take: Weight Watchers was founded over 60 years ago. The plan uses a point system to track calories and help people change their eating habits and get to a healthy weight.
Over the past few years, Weight Watchers has struggled to stay relevant in the weight loss industry with the rise of prescription drugs like Ozempic, Wegovy, and Trulicity. In addition to the loss of market share, Weight Watchers has taken on over a billion dollars of debt.
The company announced Tuesday that they have been in conversations with their lenders and plan to file Chapter 11 bankruptcy to shed the debt and reorganize the company. Weight Watchers said they plan to be out of bankruptcy protection within 45 days. Chapter 11 allows companies to reorganize their business, whereas Chapter 7 bankruptcy is the final step companies take when they plan to shut down the business and liquidate all their assets.
So Weight Watchers has gotten chubby and needs to shed some dead weight from their balance sheet. The irony is delicious. See what we did there?
COURTESY: MSN
Tip of the Day
Set aside no more than eight hours for sleep. The recommended amount of sleep for a healthy adult is at least seven hours. Most people don't need more than eight hours in bed to be well-rested.
Go to bed and get up at the same time every day, including weekends. Being consistent reinforces your body's sleep-wake cycle.
If you don't fall asleep within about 20 minutes of going to bed, leave your bedroom and do something relaxing. Read or listen to soothing music. Go back to bed when you're tired. Repeat as needed, but continue to maintain your sleep schedule and wake-up time.
Quote of the Day
“Even if you’re on the right track, you’ll get run over if you just sit there.” - Will Rogers