Dating scams were the most reported type of consumer fraud in 2019, with Americans losing $201 million. Victims over 70 years old were conned out of more than $6,000 each.
Online dating scams are on the rise, according to a recent report published by the Federal Trade Commission . Americans lost $201 million to romance fraud in 2019, up nearly 40% from 2018. The number of complaints filed to the FTC topped 25,000, making dating scams the most reported type of consumer fraud.
As more people flock to dating apps and websites hoping to find their soul mate, scammers are also on the prowl looking to take advantage of lonely hearts. The median loss to victims in the U.S. was $501 while victims over 70 years old were conned out of more than $6,000 each. “Romance scams can happen to anyone, but there are people who are more vulnerable,” said Clarie Rosenzweig, President and CEO of the Better Business Bureau Metropolitan NY. “The dollar amount lost is just the tip of the iceberg because a lot of people don’t report these types of scams because they are embarrassed.”
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