You may have heard of this one. You may even know someone who’s had it attempted on them. In any case, you need to beware of the “grandparent scam,” which MSN just reported on. As written by Matthew Cochrane, here’s how it works:
“…the fraudster will pretend to be a loved one who is in trouble and needs money immediately. As an economic crimes detective, I’ve investigated a number of these cases and have heard a wide variety of stories. Sometimes the fake family member reports they were skiing on vacation and suffered horrible injuries and need money to pay for medical bills before giving the phone to the ‘doctor.’ Other times, they were supposedly arrested because they were in the wrong place at the wrong time and need bail money, and then they give the phone over to a ‘law enforcement officer’ or ‘lawyer.’ The details of the story differ, but there are always common characteristics at its root.
The scammer tells a quick story of woe before giving the phone over to an alleged authority figure. The phony family member will always have an immediate need for money and urge the intended target to keep this need a secret. This request for money will immediately be followed with instructions for wiring the funds to desired location. When the victim plays along with the secret, they don’t verify the story with other family members before wiring the money.”
It’s a terrible truth that there are people out there that prey on the love and vulnerability of our elderly. As reported in the CBS News video embedded in the post, the FTC received more than 400,000 reports of “imposter” scams (the grandparent scam and related scams) in 2016. It happens a lot. Don’t fall for it—and spread the word.
For the full story, the video report and tips for staying safe here, see the full story here.
Want even more travel tips? Sign up here for the Daily Travel Tip newsletter! Just fill in your email address and check the Daily Travel Tip box—and you’ll have Johnny’s best tips, straight to your inbox each day!
If you already subscribe to our weekly newsletter, you can sign up on the same page. Just fill in your email and check the Daily Travel Tip box on the same page and you’ll receive an email with a link to update your JohnnyJet.com preferences. On that page, just click the Daily Travel Tip box and Update Profile.
Chase Sapphire Preferred® Card
- Earn 60,000 bonus points after you spend $4,000 on purchases in the first 3 months from account opening. That's $750 when you redeem through Chase Ultimate Rewards®.
- Enjoy benefits such as a $50 annual Ultimate Rewards Hotel Credit, 5x on travel purchased through Chase Ultimate Rewards®, 3x on dining and 2x on all other travel purchases, plus more.
- Get 25% more value when you redeem for airfare, hotels, car rentals and cruises through Chase Ultimate Rewards®. For example, 60,000 points are worth $750 toward travel.
- With Pay Yourself Back℠, your points are worth 25% more during the current offer when you redeem them for statement credits against existing purchases in select, rotating categories
- Count on Trip Cancellation/Interruption Insurance, Auto Rental Collision Damage Waiver, Lost Luggage Insurance and more.
- Get complimentary access to DashPass which unlocks $0 delivery fees and lower service fees for a minimum of one year when you activate by December 31, 2024.
The comments on this page are not provided, reviewed, or otherwise approved by the bank advertiser. It is not the bank advertiser's responsibility to ensure all posts and/or questions are answered. Editorial Note: The editorial content on this page is not provided by any bank, credit card issuer, airlines or hotel chain, and has not been reviewed, approved or otherwise endorsed by any of these entities.
Editorial Note: The editorial content on this page is not provided by any bank, credit card issuer, airlines or hotel chain, and has not been reviewed, approved or otherwise endorsed by any of these entities.