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Have you checked in on your grandparents or elderly loved ones lately? If not, you should.
Across York Region, unscrupulous fraudsters are preying on our most vulnerable citizens. Investigators have seen a dramatic rise in grandparent scams, which involve a criminal placing a telephone call to an elderly person while posing as their grandchild in distress. The imposter will demand money to help get them out of trouble. As second criminal may also play the role of a government official, police officer or lawyer who provides instructions on how the victim can deliver the cash. These type of frauds may be repeated over the course of days, weeks or even months, as the criminals gain the trust of their victims.
Grandparent scams account for hundreds of thousands of dollars lost to crime each year. According to the Canadian Anti-fraud Centre, this type of fraud resulted in more than $5.4 million losses across Ontario in 2022. Grandparent scams are often under-reported, with an estimated five to 10 per cent of victims coming forward.
If you think you or a loved one may be the target of a scam, report it online or by calling 1-866-876-5423.
Using the pseudonym ‘Nicky’, an 81-year-old Newmarket resident has shared how he and his wife lost close to $100,000 in a grandparent scam that took place between March and May 2022.
In March 2022, Nicky’s wife received a phone call from a person she believed to be her grandson. He claimed that he had been arrested while he was a passenger in his friend’s car, which unbeknownst to him, contained illegal drugs and a gun. A second person, claiming to be an RCMP officer, soon gained the trust of the couple and over the course of two months, persuaded them to make four separate payments to assist their grandson.
To learn more about Nicky's story and learn how you can safeguard yourself and your loved ones, watch the video below.