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Originally Posted by CaptainCrunch
Thanks This is a good post and cautionary tale. I have elderly parents, my dad is pretty cagey and suspicious and paranoid by nature.
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You description of your dad describes my Dad to a T. That's why this whole thing comes as such a shock. He was so ashamed that he fell for the scam that he became extremely defensive and was actually lying about what he did.
These people are professional scammers who do this 12 hours a day every day. They have an answer for every objection you might have. They literally coached him on what to say while by the gift cards so that the police weren't notified.
The complexity and sophistication of these scams can not be understated.
The best thing you can do to protect your loved ones is to ensure that they don't have access to more capital or credit that what they need. Its just to easy for scammers to trick them.