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Grandparents are often among the most important people in our lives. As we celebrate them on September 9, know that they are at risk for the “grandparent scam.” Here’s how grandparents are targeted. Have you ever encountered this scam?
How It Works:
You get a frantic call from someone claiming to be your grandson or granddaughter. The caller says there’s an emergency and asks you to send money right away. But there’s a good chance this is an imposter trying to steal your money through the “grandparent scam.”
Scammers usually claim to be in a desperate situation, such as being involved in a car accident or needing money to get out of a legal mess. The caller poses as your grandchild, or a law enforcement officer or attorney calling on your grandchild’s behalf – whatever it takes to sound convincing. Read an account of how the scam played out for one grandmother.
What You Should Know:
What You Should Do:
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