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It's one that bears repeating: In 2021 alone, according to the FTC, the median individual reported loss due to romance scams was around $2,400, with a total reported loss of $547 million from ...
A romance scam is a confidence trick involving feigning romantic intentions towards a victim, gaining the victim's affection, and then using that goodwill to get the victim to send money to the scammer under false pretenses or to commit fraud against the victim.
According to the U.S. Federal Trade Commission, there were 64,003 reports of romance fraud in 2023, which caused a total loss of more than $1.1 billion and a median loss of $2,000 per person.
That’s when a romance scam comes in. It can happen to anyone. A type of financial scam, romance fraud is when “a criminal adopts a fake online identity to gain a victim’s affection and trust ...
The traditional romance scam has now moved into Internet dating sites, gaining a new name of catfishing. [5] The con actively cultivates a romantic relationship which often involves promises of marriage. However, after some time, it becomes evident that this Internet "sweetheart" is stuck in their home country, lacking the money to leave and ...
Love Fraud is an American true crime documentary television miniseries, directed by Heidi Ewing and Rachel Grady, about the hunt for a serial romance scammer. It premiered on August 30, 2020, on Showtime .
Always report romance scams to the FTC, the FBI’s Internet Crime Complaint Center and the dating app or social media site where you came across the scammer. FTC: You can report a scam to the FTC ...
Women were seen as targets by a serial scammer, but together they ensured he would face the truth.