We’ve all come across scams at one point or another. But now some scammers are targeting a specific group of people: grandparents. Unfortunately, senior citizens are a common target, and lose about $2.9 billion to financial scams.
But exactly how does it work? It’s often through a simple phone call or desperate email from someone sounding like a family member who seems to know just enough about you to get YOU into trouble. Not surprisingly, that “family member” needs money—fast. Many of these scammers learn information about potential targets and their families by using social media.
Watch my special report for CBS News to learn how you can recognize these scams—and how to prevent them from happening to you:
For more information about travel scams, visit:
- Scam or Legit? Learn to ID Credible Travel Websites
- Don’t Fall for This Email Travel Scam
- Watch Out for This Classic Hotel Scam
By Peter Greenberg for PeterGreenberg.com
