Grandparent scam gets a 2011 update
The latest victims are not related and live in different communities, so the problem is not just a localized one.
Concerned relatives beware. The Better Business Bureau issued a red alert late last week warning consumers that scammers have updated one of their old favorites: the grandparent scam.
As previously reported, scammers have been known to target seniors by calling and posing as a grandchild in distress. They'll typically bait the intended victim by saying "this is your favorite grandchild" or asking "do you know who this is?" Unwitting seniors fill in the blanks by providing the name of a relative who sounds most like the person on the other end of the line.
But the scam's subsequent publicity has led fraudsters to make a few minor adjustments to their pitch. Most notably, they are now providing their intended victims with detailed information regarding family members.
"They lace their conversation with correct references by name to other family members, increasing their credibility," the BBB said in a press release. "One caller even knew that the real person being impersonated had a twin who was born two minutes later."
According to the BBB, fraudsters are also targeting relatives of the identity they are assuming, not just seniors, and the most recent reports of the scam include requests that money be wired to Mexico. In its previous incarnation, the phony relatives had gotten in a car accident in Canada, asking for some cash to get out of trouble. Now, the back story is that they are being detained in a Mexican prison, with the incarceration serving as an excuse to not contact additional relatives to confirm the whereabouts of whoever the scammer is purporting to be.
The BBB said law enforcement officials have not discovered how these scammers obtain phone numbers and personal information about their victims. They also said the latest victims are not related and live in different communities, so the problem is not just a localized one. Post continues after video.
Anyone who believes they have fallen victim to this scam recently is being urged to file a complaint as part of an ongoing investigation with the BBB at (609) 588-0808 or by emailing firstname.lastname@example.org. They should also file a complaint with the FBI office in their region.
The BBB also advises anyone contacted by a distressed relative to verify his or her whereabouts before wiring money. As an overall precaution, the organization urges consumers to limit the amount of information they share on social networks and refrain from accepting friend requests from people they don't know.
Additionally, families may want to come up with a code word that can be used if they do find themselves needing to reach out over the phone in an emergency.
Tweaking an old scam is a common trick among fraudsters.
"Thieves are very crafty these days," identity theft risk management specialist Denise Richardson told MainStreet last year. "They keep updating old scams with new twists."
Concerned seniors can find out what other scams thieves are known to try against them in this MainStreet roundup.
More on MainStreet and MSN Money:
My sister in-law just got one of these phone calls yesterday....supposedly her grandson was in spain and was hurt in an auto accident.....please send me $2000 via western union.....
Her reply was that her grandson could not be in spain because he doesn't have a passport....caller hung up....
its so easy to scare these guys off but many elderly people arent up to date on technology and young life in general, armed with a few good questions it would be easy to fend these folks off.
Gullibility should also be a topic of conversation between adult children and their elderly parents. Their families should be helping them grasp these things, not shockingly though, people are too disconnected from their loved ones to care until its too late.
Even if one of these scuzzballs gets caught, all they'll get is a slap on the wrist. This type of crime is not taken seriously by law enforcement and no effort is usually made to try and catch the perpetrators because there was no physical violence involved. I hope there's a special place in h*ll for them.
Copyright © 2014 Microsoft. All rights reserved.
Fundamental company data and historical chart data provided by Morningstar Inc. Real-time index quotes and delayed quotes supplied by Morningstar Inc. Quotes delayed by up to 15 minutes, except where indicated otherwise. Fund summary, fund performance and dividend data provided by Morningstar Inc. Analyst recommendations provided by Zacks Investment Research. StockScouter data provided by Verus Analytics. IPO data provided by Hoover's Inc. Index membership data provided by Morningstar Inc.
ABOUT SMART SPENDING
LATEST BLOG POSTS
Occupy Wall Street bought and forgave the student loan debt of more than 2,700 Everest College students.
VIDEO ON MSN MONEY
BLOGS WE LIKE
MUST-SEE ON MSN
- Video: Easy DIY smoked meats at home
A charcuterie master shares his process for cold-smoking meat at home.
- Jetpacks about to go mainstream
- Weird things covered by home insurance
- Bing: 70 percent of adults report 'digital eye strain'