Grandparent Scams have been around for a few years, and do not receive the attention they once did, but it does still continue to happen. Don’t be caught of guard. This can happen to your parents! Talk about this particular type of scam with aging loved ones to ensure that they are not taken advantage of.
What are Grandparent Scams?
“In a typical Grandparent Scam, a con artist calls or emails the victim posing as a relative in distress or someone claiming to represent the relative (such as a lawyer or law enforcement agent). The “relative” of the grandparent explains she is in trouble and needs their grandparent to wire them funds that will be used for bail money, lawyer’s fees, hospital bills, or another fictitious expense.”