How do you exploit the deep love grandparents have for their grandchildren for financial gain? In a heart-wrenching deception known as a "grandparent scam," impostors pose as grandchildren and other characters to trick seniors into handing over large sums of money. Federal authorities recently uncovered a criminal network that preyed on the elderly across the United States, swindling more than 2 million dollars from over 70 victims.
In this notorious case, the emotional and financial impact on victims was significant, including the story of an elderly woman from Oceanside, California. She lost over $100,000 after receiving a distressing call from someone impersonating her granddaughter, urgently requesting bail money for a car accident.
This is a gripping tale of deception that unravels how these fraudsters exploit the trust and love inherent in families. We’ll learn how federal agents finally brought down this cruel network. In these heart-wrenching financial schemes where every phone call could be a trap, we’ll share how to protect you and your family from becoming the next victims of these devastating frauds.
Tune in to Nickel & Crime now: Family Ties & Financial Lies: A Grandparent Scam