'Grandparent Scams' Conning Thousands of Seniors Out of Cash
Law enforcement officials are warning seniors to beware of increasingly common "grandparent scams," in which fraudsters impersonate a grandchild in distress, and beg for cash.
Law enforcement officials are warning seniors to beware of increasingly common "grandparent scams," in which fraudsters impersonate a grandchild in distress, and beg for cash.
As more consumers pick up their smartphones and tablets to go holiday shopping, cyber crooks are trying just about everything to dupe them out of their hard-earned money. To keep you protected, we asked an online security expert to list the season's hottest scams and how to avoid them.
MoneyGram said Friday that it has agreed to set up a $100 million compensation fund as part of a settlement of government allegations of fraud through money-transfer scams from 2003 to 2009.
Getting a call from a debt collection agency is bad enough. Getting a call from a phony debt collector trying to scam you out of money you don't owe can be even worse. The scammers are out there: Here's what you need to know to avoid becoming a victim.
People who regularly use money transfer services just got another digital leg up. MoneyGram International is partnering with Gemalto, the company behind the LinqUs Mobile Money digital wallet, to allow customers to do money transfers straight from their smartphones.







