In the last few weeks, our Financial Crime Unit has received numerous reports of the Grandparent Scam, a financial scam or fraud that we reported on last Fall. Scammers are using fear to trick people - especially seniors - into handing over money fast. They pretend to be a loved one in trouble and say they need help right away.
What Is the Grandparent Scam?
This scam usually targets older adults. A scammer calls and pretends to be a grandchild - or someone calling for them. They say there’s been an emergency and they need money immediately. It could be for bail, hospital bills, lawyer fees, or other urgent costs. They often claim the money is needed to stay out of jail.
What Scammers Do
Pretend to be police officers, lawyers, or even your grandchild
Use fear and pressure to make you act quickly
Say there’s a “gag order” so you can’t talk about it with anyone
Ask for cash or cryptocurrency, and either pick it up in person or ask you to mail it
How to Protect Yourself
Be cautious of calls asking for money right away
If someone says they’re a family member in trouble, hang up and call them directly using a number you already know
If the caller says they’re from law enforcement, hang up and call your local police using a trusted number - not one the caller gives you
Remember: In Canada, you can’t bail someone out of jail with cash or cryptocurrency. Police will never come to your house to collect money.
If something feels off, trust your instincts - it probably is.
Learn more at the Canadian Anti-Fraud Centre.