💔14 people have been arrested in a grandparent scam targeting vulnerable seniors.
🚨Suspects posed as judges, police officers, or loved ones, making threats and demanding cash.
💰Over $739,000 has been lost to fraudsters in the past few months.
🔗Investigation showed ties to traditional organized crime.
😱Only 5-10% of these scams are reported due to victim embarrassment.
What is a grandparent scam?
—A grandparent scam is a type of fraud where scammers target vulnerable seniors, posing as judges, police officers, or loved ones, and demanding cash under false pretenses.
How much money has been lost to these scammers?
—In the past few months, victims have lost over $739,000 to fraudsters engaged in the grandparent scam.
What is the success rate of these scams?
—Due to victim embarrassment, only 5-10% of these scams are reported, making it a highly successful type of fraud.
What were the suspects using the money for?
—The investigation revealed that the suspects were using the money for various purposes, including buying drugs, luxury items, cars, and condos.
How were the suspects arrested?
—The arrests were the result of a collaboration between Ontario and Quebec police forces, who worked together to track down and apprehend the suspects involved in the grandparent scam.
00:18Ontario and Quebec police have arrested 14 people involved in a grandparent scam targeting vulnerable seniors.
01:19Suspects posed as judges, police officers, or loved ones, making threats and demanding cash.
01:41Over $739,000 has been lost to fraudsters in the past few months.
02:03Investigation showed ties to traditional organized crime.
03:32Only 5-10% of these scams are reported due to victim embarrassment.
