The Financial Crimes Unit of Toronto Police on Monday alerted the public to a fraud scheme ‘Grandparent Scam’ targeting the seniors in Toronto area.
The Toronto Police issued the alert after a grandparent reportedly received a phone call from a person claiming to be their grandchild.
The caller stated that they have been arrested and require cash to be released from custody. The phone was then passed to a person posing as a police officer who demanded a cash payment for their grandchild’s release from custody
The fake police officer instructed the grandparent to withdraw funds from their bank and place the money in an envelope, and hand over the envelope to a man who would later attend their residence to collect the cash.
The grandparent was also told that there is a “gag order” on the case and not to discuss this with anyone.
The Toronto Police Service is requesting anyone who receives this type of call or solicitation to contact police, the Toronto Police said in a statement, adding that police never contact family members and request cash bail or send some one to their home to pick up bail money.
Anyone with information is asked to contact police at 416-808-7300, Crime Stoppers anonymously at 416-222-TIPS (8477).