Victims duped out of US$1.8 million by Romance and BEC scam ring

Elderly men and women were the main targets of the Romance and Business Email Compromise (BEC) scams operated by the fraudsters. A United States Army Reservist has been sentenced to 46 months and ordered to and pay approximately US$1.8 million in restitution after he was found to be involved in a scheme to commit romance and business email … More Victims duped out of US$1.8 million by Romance and BEC scam ring

Rom‑con: How romance fraud targets older people and how to avoid it

Online dating scams often follow the same script – here’s what senior citizens should watch out for and how their younger relatives can help them avoid falling victim. Recently, we looked at how older people can avoid falling victim to various flavors of online scams. This time round, we’ll examine the costliest type of fraud to affect … More Rom‑con: How romance fraud targets older people and how to avoid it

Romance scams in 2020: Breaking hearts, wallets – and records

As dating apps experience a boom amid COVID-19, losses to romance scams soar too. More and more people have been flocking to online dating platforms in search of romance and companionship in the wake of lockdowns and social distancing mandates, but the new reality also contributes to record-high losses from romance scams, according to a report by the United … More Romance scams in 2020: Breaking hearts, wallets – and records

How romance scammers break your heart and bank account

What are some of the most common signs that your online crush could be a dating scammer? We’re living in a fast-paced era, and it’s become increasingly difficult to juggle a career, have a social life, and find love. People are increasingly switching to more convenient means to find a connection, like dating apps and … More How romance scammers break your heart and bank account

FBI warns of romance scams using online daters as money mules

Up to 30 percent of romance fraud victims in 2018 are estimated to have been used as money mules. Scammers are using dating sites and apps not only to scout for lovesick men and women before bilking them out of money, but also to recruit ‘money mules’ for laundering funds obtained in illicit activities. According … More FBI warns of romance scams using online daters as money mules