Be on the lookout for the â€œgrandparents scam.â€ The most common form of this scam happens when someone impersonating your grandchild asks for money because he or she got into some kind of accident. The â€œgrandchildâ€ concludes the call or email by asking you not to call his or her parents for fear of being punished. Despite the name, this scam occurs across all age ranges. The common theme is that someone impersonating one of your friends or family members asks you to wire money due to some accident. Before sending any money, thoroughly check out the personâ€™s identity by asking questions only he or she would know.