"Grandparent scam" explained: What you need to know

In a CBS News investigation, an admitted con artist has revealed how a scam targets and steals money from grandparents. The scam begins with something most grandparents don’t get enough of — a phone call from a grandchild — or so the caller says. But it almost always ends with a desperate plea for money, and the criminal CBS News met used to be on the other end of the line.
Shackled, and in federal custody, the 31-year-old conman is awaiting sentencing in California for his role in what’s known as the “grandparent scam.”