In BBB’s experience, this scam is especially prevalent during the spring, when many high school and college students head on vacation for spring break. BBB has received several calls on this scam in recent weeks and expects scammers to increase activity as Easter approaches.
According to recent FBI reports, the “Grandparent Scam” has been around since 2008, but there has been a surge in recent years as more and more Baby Boomers become grandparents.
Scammers impersonate their victims and make up an urgent situation – “I’ve been arrested,” “I’ve been mugged,” “I’m in the hospital” – and target friends and family with urgent pleas for help and money
The "grandchild" pleads to the grandparents not to tell his or her parents and asks that they wire thousands of dollars for emergency reasons including posting bail, repairing the car, covering lawyer's fees or even paying hospital bills following injuries from a car accident.
Retirees are an attractive target for financial scammers. These emergency scams play off of peoples’ emotions and strong desire to help others in need.
BBB offers the following tips to avoid the Grandparent Scam:
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BBB Serving Acadiana services the parishes of Acadia, Evangeline, Iberia, Lafayette, St. Martin, St. Landry and Vermilion.