What is the grandparent scam?

| Sep 30, 2019 | General |

There are so many scams out there designed to get your money. Many of them target the elderly in hopes their tricks will work to get some cash. If you have senior or elderly relatives that you care for in North Carolina, it is important that you know how to spot such scams. Forbes calls them grandparent scams because they target the elderly.

The scammer will usually call and pretend he or she is a relative or someone close to the victim. The scammer then says the victim needs to send money right away to prevent something bad from happening or to get the person out of trouble. Most often the scammer will say he or she is in legal trouble or they will pose as a friend of someone the victim knows and say that person is in legal trouble.

This plays on a person’s sympathies and often works with older people.

Knowing how to spot this type of scam is essential. You must also inform your senior or elderly relatives about grandparent scams too. Make sure they understand not to send money to anyone.

Sometimes the scammer will ask for gift cards instead of money. This is a huge red flag. Also, make sure your loved ones are aware of this angle of the scam.

Note that scammers will tell the victim this needs to be kept secret and not to tell anyone. Even if they do not, many people keep it secret anyway because they are embarrassed to have fallen for a scam. This information is for education and is not legal advice.