Grandparent Fraud – Article (Articles) (Grandparent Fraud) Grandparent Fraud is a type of scam that primarily targets the elderly, exploiting their love and concern for their grandchildren. This form of fraud can be emotionally devastating and financially damaging. Understanding how this scam works and the steps to prevent it is crucial for protecting vulnerable individuals. […]
Category: Grandparent Fraud
Grandparent Fraud is a deceptive scam targeting the elderly, where scammers pose as grandchildren in distress, often claiming emergencies like arrest or medical issues to solicit money urgently. They create a sense of urgency, use spoofed caller IDs, and familiar language to gain trust. Signs of this fraud include unexpected calls, immediate payment requests, and unverifiable stories. To protect against this scam, it’s essential to verify the caller’s identity, consult family members before sending money, educate seniors about common scams, and avoid risky payment methods. If victimized, individuals should stop communication, report the incident to law enforcement and the FTC, and alert family members to prevent further occurrences.