Calgary police say over $1.6 million was stolen in 2022 through grandparent scam

Calgary police say more than $1.6 million has been stolen this year from about 122 seniors in the city by fraudsters using what is known as the grandparents scam.

Police said in a statement there had been a sharp increase in cases this month, with 93 reports involving 35 victims losing money to scammers.

Three people have been arrested and charged in recent weeks but have since been released on bail.

According to the police, victims are usually contacted by telephone by someone posing as a relative, police officer, lawyer or bond guarantor and told that a loved one is in need of financial assistance in the form of bail or legal fees.

They believe the scammers are able to collect detailed information about victims that lends credibility to their stories, but investigators have not confirmed how the information is accessed.

Police say one victim was scammed out of nearly $300,000 in August.

This report from The Canadian Press was first published on September 22, 2022


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