How to Avoid the Grandparent Scam
On February 16, 2025 By newsroom Topic: Money Safety
The \"Grandparent Scam\" targets seniors by exploiting their love and concern for their grandchildren. Here's how to identify, avoid, and protect against this scam:
How the Grandparent Scam Works
- The Setup: Scammers pretend to be a grandchild, lawyer, or law enforcement officer. They claim the grandchild is in trouble and urgently needs money.
- Tactics Used:
- They may invent scenarios like a car accident, arrest, or illness (e.g., COVID-19).
- Scammers often plead for secrecy and immediate action, like wiring money or buying gift cards.
Why It's Effective
- Social Media Access: Scammers use platforms like Facebook to gather personal information about potential victims.
- Emotional Exploitation: Grandparents are often quick to help without questioning the situation.
Top High-Risk States
The most at-risk states based on population and elderly demographics include:
1. California
2. Florida
3. New York
4. Pennsylvania
5. Maine
(See full list for details.)
Even smaller cities with significant elderly populations are often targeted, as seen in states like Minnesota and Michigan.
How to Protect Against the Scam
- Create a Family Code Word: Use a unique phrase only family members know to verify identities.
- Educate Grandparents:
- Share details about the scam.
- Emphasize that no legitimate request will involve wiring money or buying gift cards.
- Pause Before Acting: Encourage seniors to verify the story by directly contacting family members.
- Recognize Red Flags:
- Requests for secrecy.
- Urgent demands for payment methods like gift cards or wire transfers.
- Leverage Technology:
- Monitor social media privacy settings to limit scammers"9 access to personal details.
Additional Resources
- Watch this video interview with a former scammer to understand their tactics.
- Explore the AARP Scam Tracking Map to identify common scams in your area.
COVID-19 Twist
The pandemic has added urgency to scams, with fraudsters claiming medical emergencies to pressure victims.
What to Do If Targeted
- Report the Scam:
- File a complaint with the Federal Trade Commission (FTC).
- Warn Others: Share your experience to help others avoid falling victim.
- Consult Local Law Enforcement: They can provide advice and track similar cases in your area.
Staying informed and vigilant is key to preventing financial losses and emotional distress from scams targeting seniors.
