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The grandparent scheme has seemed to supplant the IRS scam in prevalence.Quinn said that scam was more regularly seen six or seven years ago. "They would call and say it's the IRS. You owe money.
Also commonly known as "grandparent scams," a fraudster will impersonate an individual's loved one and claim they are in trouble, or need cash immediately for some sort of emergency.
The grandparent scam has been around for ages but in the midst of a pandemic, people are way more likely to fall for a hoax that involves a family member in crisis, according to the FTC.
The National Council on Aging recently reported that 92,731 older adults were victims of fraud and scams in 2021, leading to $1.7 billion in total losses. These scams may be especially prevalent...
Across the country, law enforcement officials are warning seniors to beware of so-called "grandparent scams," in which fraudsters are impersonating a grandchild in distress -- and begging for cash ...
• Fake email addresses - Malicious actors sometimes send from email addresses made to look like an official email address but in fact is missing a letter(s), misspelled, replaces a letter with a lookalike number (e.g. “O” and “0”), or originates from free email services that would not be used for official communications.
It's a scam that's designed to play on grandparents' heart strings, and the latest version of it has prompted a national awareness campaign as well as consumer alerts from two state attorneys general.
Worse still, they often exploit the grandparent's loyalty by swearing them to secrecy. If in doubt, call your grandchild on the number you have stored, or do a reverse check on the number you've ...