Police are warning people to be on the alert after an 89-year-old woman was conned out of £100,000 when she was persuaded to transfer it from her account.
The scammers were posing as bank officials and police when they told the victim in Atherstone, Warwickshire, that there was a problem with her bank.
She was told it would be wise to transfer the money to a different account "to be safe".
Officers say people should be on the alert to similar scams being carried out elsewhere in the country.
Detective Chief Inspector Sean Paley said: "While people are generally aware of such scams, these criminals target vulnerable members of the community.
"I would urge people to talk to close friends and relatives who they think could be at risk."
Anyone who suspects they have been targeted should call police on 101.
For further information, call Crimestoppers on 0800 555 111, or visit www.crimestoppers-uk.org or www.actionfraud.police.uk
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