(TargetLiberty.org) – Every year, millions of Americans fall victim to scams. Seniors are particularly vulnerable, losing nearly $3 billion annually, according to the Senate Special Committee on Aging. Authorities recently uncovered a despicable scheme that cost the elderly millions of dollars.
Last week, the DOJ announced the indictments of eight people for their alleged roles in a “grandparent scam.” According to a press release, the defendants were reportedly part of a criminal group that stole money from elderly people by making them believe their grandchildren or other relatives needed their help. The issues included fake car accidents, medical expenses, and bail. Reports say they managed to steal at least $2 million from victims who were over 70 years old.
Multiple Defendants in ‘Grandparent Scam’ Network Indicted for Racketeering Conspiracy https://t.co/vGAy6vnz1q
— Justice Department (@TheJusticeDept) August 26, 2021
The suspects are all being charged under the Racketeer Influenced and Corrupt Organizations (RICO) Act. Acting US Attorney Randy Grossman for the Southern District of California said the scam devastated the victims both financially and emotionally. He called the alleged fraudsters “unconscionable” for targeting the “elderly and exploit[ing] their love for their grandchildren.”
Dozens of police departments across the country aided in the investigation. If convicted, the defendants are facing up to 20 years in prison and a $250,000 fine.
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