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Sixteen individuals have been charged in connection with a "grandparent scam" in which hundreds of elderly people were defrauded out of millions of dollars, said U.S. Attorney Philip R. Sellinger.
New warnings are being issued across the country about a scam that targets grandparents who are tricked into believing a grandchild is in trouble. The most recent warnings were issued this week ...
According to the FBI, there were over 92,000 older victims of fraud — including the grandparent scam — resulting in $1.7 billion in losses in 2021. Bristol County DA Quinn said scam is ...
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The scam may extend to the creation of Web sites for the bogus brand, which usually sounds similar to that of a respected loudspeaker company. They will often place an ad for the speakers in the "For sale" Classifieds of the local newspaper, at the exorbitant price, and then show the mark a copy of this ad to "verify" their worth.
Grandparent scam See also: Elder financial abuse § Scams and fraud targeting seniors A telephone call is made to an elderly person with a family member who is supposedly in some kind of trouble, usually claiming to be a grandson or granddaughter.
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.
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