The “Grandparent Scam,” as it is known, involves callers posing as grandchildren, in need of financial help, requesting that victims wire them money right away. The elderly can be especially vulnerable to these types of schemes, said Alice Mann, a founder and coordinator of the Coalition on Elder Abuse in Dutchess County.
“There’s often concern that if they tell anyone they’ll be perceived as no longer able to handle their own finances,” Mann said.
“It pays to be skeptical,” Caffo said.
SOURCE: The Poughkeepsie Journal
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