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THUNDER BAY — After seeing a spike in reports of scams targeting seniors, the Thunder Bay Police Service says it believes new education campaigns are reducing the effectiveness of those fraud attempts.
“The amount of money people are giving away [can be high],” said Comeau. “We’re not always successful in getting that money back for these people.” One popular variation of fraud attempts targeting seniors, known as the “grandparent scam,” typically involves fraudsters impersonating a victim’s grandchild, often claiming to be in trouble and requiring money, such as needing to post bail.
After police posted signs at the ATMs warning people of the scams, they say reports of bitcoin fraud dropped to nearly zero. The police service said it can’t estimate the total amount victims lose locally in scams, but has seen some astronomical figures in individual cases.
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