09.28.24

Grandparent Scams: Don’t Get Hooked!

Scammers love targeting grandparents. They know that grandparents are often more trusting and willing to help their loved ones. That’s why they use emotional manipulation to trick grandparents into sending money.

Here’s how these scams work:

  • The Call: You’ll receive a call from someone claiming to be your grandchild or other family member. They’ll be in a state of panic, saying they’re in trouble and need your help.
  • The Emergency: The scammer will create a fake emergency, like an accident, arrest, or illness. They’ll ask you to send money immediately, often using a wire transfer service.
  • The Pressure: Scammers will try to pressure you into acting quickly, saying you can’t tell anyone about the situation.

How to Protect Yourself:

  • Don’t Rush: If you receive a call like this, take a deep breath and don’t rush into anything.
  • Verify the Information: Try to contact your grandchild or family member directly through a phone number you know is legitimate.
  • Be Wary of Urgent Requests: If someone is asking you for money urgently and telling you not to tell anyone, it’s a red flag.
  • Don’t Send Money: Never wire money to someone you don’t know or haven’t verified.

Remember, if something seems too good to be true, it probably is. Don’t let scammers take advantage of your kindness and generosity.