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5 Most Common Holiday Scams to Watch Out For

It’s the most wonderful time of the year and the holiday spirit-o-meter is at its highest. People are more into giving, they are more generous but also more trusting, falling victim to…

Relatives in distress

This one is particularly revolting because it takes advantage of personal relationships, taking scams to a whole new level. Targeted people receive a phone call from a so-called police officer or even FBI agent and they are told that one of their close relatives, generally spouse or children, is in trouble.

The scam is also called the grandparent scam and particularly targets seniors who are often more gullible and unsuspecting. “Scammers know all the buttons to push,” says John Breyault, vice president of the National Consumers League. “They may swear the grandparent to secrecy, insist the money is needed right away, and use personal information gleaned from social media to make their pitches sound convincing.”

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