Scammers Prey On Elderly

Scammers Prey On Elderly

More than 7.3 million Americans above age 65 — one out of five — have been victimized by fraud, according to a June study from the Investor Protection Trust, a non-profit investor education organization.

A Little Falls (New Jersey) woman, who asked not to be identified, said she and her husband received a call two weeks ago from a man who identified himself as "Montreal Police Officer Reilly," who said police had their grandson in custody after finding drugs in his car. They were required to wire about $3,000 to bail him out, the officer said.

Then a voice came on the line – their grandson? — crying and pleading with her to send the money but to be sure not to tell his parents. "I knew it wasn't my grandson immediately," said the woman. Her husband wasn't so sure; he went to the bank to withdraw the money.

The woman asked the caller to name her grandson's dog. Just then, the caller got back on the line and told them that her grandson would never get out of jail unless they sent the money. "I called his father," the woman said. "I asked, 'Where is my grandson?' He said, 'Upstairs. Why?' "

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