Beware - Fake Grandkids Calling for Cash

Yet another scam preying on the older population - senior citizens and grandparents. 

Generally, this scam centers in Canada.  The caller is a fast talker only identifying themselves as a grandchild.  A tale is told about a dire need for money for an emergency.  Usually, the caller states their credit card is not working in Canada, and money is needed for car repairs, expenses, etc.  To add legitimacy, the caller adds they will pay it back as soon as they can. 

This scams works because seniors are too "shook up" to ask a lot of questions and mostly tooo embarrassed to ask for identity especially if they have several grandchildren and maybe don't talk with them on a regular basis.  Voices may seem similar over the phone, and a diversion may be created to further confuse the victim.  Hundreds of "grandparents" have fallen for this scam operated out of money transfer stores.  Over $3.5 million has been lost to this scam. 

Here are some tips to keep from getting scammed by phone:

1.  Don't give personal information to anyone who calls you!

2.  If someone calls claiming to be a relative or friend, be very sure it is him or her calling.  Many voices sound similar on the phone.  A caller might even use the right name and know a few other details.  It's amazing what can be found on the Internet.  Ask questions only a friend or relative would know, such as the name of a pet.  If your real relatives do call with a genuine emergency, they won't feel bad if you ask a few identifying questions.

3.  Beware of calls playing off people's sympathy or greed.  Winning the lottery or sweepstakes making you instantly rich is a popular scam.  Similar to the scam above, claims of dire need may work on your sympathy.  Verify all claims for cash.  Take the next stop to confirm the cause.

4.  Don't act hastily.  Take time to think about the call/claim before sending the money.  Your real relative won't be bothered.  Ask a trusted source to help you.  A second opinion is always good.

5.  You must learn to protect yourself against these scammers.  It is too bad we have to be suspicious nowadays, but by protecting yourself from fraud, the money will be around when it is needed for yourself and true family members!

If you feel you have been scammed, please call your local authorities and the bank.  We will be glad to help you and lend assistance when we can.  Be sure to write down details (names, times, dates, etc.) as you know them.  All this will be helpful in tracking down the scammers. 

Be informed!  Don't fall victim to identity theft!