There are so many different online scams out there — and the scammers are becoming more sophisticated every day. Instead of badly phrased English, scammers are using AI technologies that more effectively mask their true identities.
One of the most frequently targeted demographic groups is also the most vulnerable. Senior citizens repeatedly fall victim to both simple and elaborate schemes designed to separate them from their hard-earned money.
The Grandchild Scam
As everyone knows, most grandparents will move heaven and Earth for their grandchildren. One simple scam involves someone calling the grandparent and effectively mimicking their grandson or granddaughter on the phone.
They may speak in whispers, saying they can’t talk very loudly but they have been arrested (this is a common one over Spring Break or following graduation time) out of state or even the country. The only way for them to return unscathed is by wiring a sum of money immediately. They usually stress that they don’t want their parents to know because it would disappoint them.
Why it works so well
Grandparents of today grew up in the 60s and 70s and can relate to a little experimentation that could potentially lead to legal troubles. If they didn’t personally experience those circumstances, they likely knew someone who did. They naturally want to help their grandchild, so they do as they are asked. Just like that, the money is gone and likely irretrievable.
Help parents not become victims
Talk to your parents about these kinds of scams so they will know to verify any requests for money. Should your parents still get victimized by online scams, you may need to look into getting a guardianship for them.
