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Money

'Grandparent scam' has targeted over 1,500 unsuspecting seniors in N.J.

'Grandparent scam' has targeted over 1,500 unsuspecting seniors in N.J.

Scammer calls to say grandchild in trouble; send money, don't tell mom

Con men and women call it the Grandparent Scam.

It typically begins with a seemingly urgent phone call to an unsuspecting senior citizen. The caller may claim to be the victim’s grandchild or a police officer. The message is always the same: Your grandchild is hurt, in jail, or otherwise in trouble, and needs hundreds of dollars immediately. Please don’t tell mom. Please do send a money order via Western Union or a similar service.

Those who fall victim later learn their grandchild never was in trouble. Instead, their money has been wired to a thief and most likely will never be seen again.

Last year, the Federal Trade Commission received more than 60,000 complaints nationwide, and 1,549 in New Jersey, about the Grandparent Scam and related “impostor scams.” State Division of Consumer Affairs officials said Wednesday that the average New Jersey victim who complained about the Grandparent Scam lost $3,500.

 

The new mortgage foreclosure settlement and what it will mean for you

The new mortgage foreclosure settlement and what it will mean for you
BY AVI FRISCH
NEWJERSEYNEWSROOM.COM

Late last week, large banks and a special counsel appointed by the Presiding Judge of the Mercer County Court supervising foreclosures, Judge Mary Jacobson, announced...

Mega Millions winning numbers worth $244 million

Mega Millions winning numbers worth $244 million
BY BOB HOLT
NEWJERSEYNEWSROOM.COM

March Madness can take more than one form. Outside of the basketball courts, it’ll also be taking place today at your nearby New Jersey Mega Millions lottery dealer.

Aft...

Can you really save money by making your home more energy efficient?

Can you really save money by making your home more energy efficient?
BY GERALD J. ROBINSON
NEWJERSEYNEWSROOM.COM

Yes, but it’s neither free nor fast.

The reason is that you generally have to spend money and wait to save money. Most significant steps you take to improve th...

N.J. unemployed can file for benefits on internet to reduce waiting time

N.J. unemployed can file for benefits on internet to reduce waiting time

Unemployment website now open on Sundays

New Jerseyans collecting unemployment may now receive their benefits one day earlier in the week, if they use the newly expanded website services of the state D...

The best places to invest your money right now

The best places to invest your money right now
BY WARREN BOROSON
NEWJERSEYNEWSROOM.COM
BOROSON ON MONEY

Despite the catastrophe in Japan, financial advisers at RegentAtlantic Capital in Morristown remain rather optimistic about the U.S. economy. Thei...

Mega Millions winning numbers worth $201 million

Mega Millions winning numbers worth $201 million
BY BOB HOLT
NEWJERSEYNEWSROOM.COM

A large pot of gold is still available after St. Patrick’s Day. Tonight’s Mega Millions jackpot is estimated to be worth $201 million.

There was no jackpot winner in the...

Elie Tahari manager sues company after getting exiled to N.J.

Elie Tahari manager sues company after getting exiled to N.J.
BY BOB HOLT
NEWJERSEYNEWSROOM.COM

New Jersey takes a little getting used to for some people.

A manager for stylish design house Elie Tahari complains in a $2 million claim against the company that he suf...

N.J.-based Goya Foods to donate one million lbs. of food to United Way

N.J.-based Goya Foods to donate one million lbs. of food to United Way
BY TERI GATTO
NEWJERSEYNEWSROOM.COM

The New Jersey-based Goya Food, Inc. announced that it will distribute one million pounds of food to food pantries, food banks, shelters, senior organizations and sc...

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