The Ontario Provincial Police says the fraud is known as the emergency scam or the grandparent scam.
An example of the phone call might go like this.
"Con-artist: Hi, Grandma/Grandpa
Victim: Hi
Con-artist: Do you know who this is?
Victim: John?
Con-artist: Yeah, it's John."
Police say the caller will act like a grandchild in an emergency and solicit funds from the victim.
Last year over 500 victims reported losses of $1.4 million.
If you think you have received a call of this nature you can report it to the anti-fraud centre.
Toll Free: 888-495-8501
Online: www.antifraudcentre-centreantifraude.ca
Email: info@antifraudcentre.ca