Fighting the 'Grandparent Scam'

New York's Attorney General is fighting back against the “Grandparent Scam.”

This is the scam when a caller claims to be a person’s grandchild and is in some kind of emergency situation that requires money. For example, the person has been arrested and needs bail money or his car has broken down and needs money for repairs.

Today, Eric Schneiderman announced the “Grandkids Against the Grandparent Scam” initiative that encourages high school students to talk to their grandparents about the scam. The program provides the students with specifics about how the scam works, and an informational brochure to share with their parents and grandparents.

Among other tips, the brochure offers students a script to warn their grandparents about this dangerous scam: “When I go off to college, someone may call you and pretend to be me. The caller will say he’s in trouble and needs you to wire money fast. He’ll ask you to keep it a secret, and to not say anything to my parents. This is a scam. Don’t fall for it.”

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