Fraudsters are targeting seniors with a variation of the grandparent scam, in which the perpetrator often calls the victim pretending to be their grandchild needing money due to an emergency.
In this new variation, perpetrators claim to be debt collectors attempting to collect a fake debt on behalf of the grandchild. According to a blog by the Federal Trade Commission, the perpetrators threaten that the grandchild will be arrested, lose their job, or have their driver’s license revoked if the victim does not provide a prepaid or credit card number or wire funds.
The FTC reminds consumers that, unless they have co-signed a loan, they are not responsible for someone else’s debt. For more information on tips on how to avoid these and other family emergency scams,
read the FTC blog.