"Grandparent scam" reaches new level of bad
Photo: Video by IdahoOnYourSide.com
just when you think you’re smart enough not to get tricked by the grandparent scam, the thieves figure out a new way to scare you into giving up money. Better Business Bureau’s Dale Dixon recounts the story he heard from a local man, Robert McCloud, who says someone with a strange voice called him and claimed his grandson had run into the man's BMW, that he had taken McCloud's grandson hostage, and demanded money as a ransom.
In the past the "grandparent scam" usually consisted of someone calling claiming to be the person's grandchild. They would say they were stuck in a foreign country and that they needed money wired immediately. People in the U.S. lose about $60-million a year to the grandparent scam.
As for McCloud, Dixon says he told the caller to call back while he tried to make arrangements for the money. After getting off the phone, he called family members and friends to verify where
his grandson was (of course, the story about the car wreck was not true).
BBB says if you receive a call from someone claiming to be a grandchild, remain calm.
Don’t give any information until you're certain it is your grandchild. If a caller says “It’s
me, grandma!” don’t respond with a name, but instead let the caller say who he or she is.
One easy way to confirm their identity is to ask a simple question that only your grandchild
The Better Business Bureau has more information to help keep your money and your identity safe.