Swipe Left on Romance Scams This Valentine’s Day

You might find yourself browsing through profiles on online dating sites in the lead-up to Valentine’s Day this year. Can you tell the difference between someone who is simply using a decades-old photo and a lothario scammer trying to swoon their way to every dollar in your bank account? Swipe left on romance scams this Valentine’s Day by reading this handy guide.

Swipe Left on Romance Scams This Valentine’s Day

With Valentine’s Day approaching, many hopeless romantics might be in the mood for love — but romance robbers may also be in the mood to exploit their next victims. Millions of people around the world use online dating sites and apps. And there are many success stories of people finding love and companionship online. But as well as the successes, there are also online dating scams – and these are on the rise. Americans reported losing a heartbreaking $1.3 billion to romance scams between 2017 and 2021, according to the Federal Trade Commission (FTC), and the number is likely higher due to underreporting.  

Roses are red, violets are blue, and we all know that not everything  or everyone  online is true. 

Anyone can fall victim to romance scams, but older people often suffer a heavier financial loss. Scammers target older people because they are more likely to have assets such as retirement funds or homes, which can be stolen. It is believed that around two-thirds of romance fraud victims are women, with an average age of 50.

Romance scams are an especially cruel type of fraud because it preys on people’s emotions. The following overview will explain common dating scams, the signs of a romance scammer, how to report a dating scammer, and how to protect yourself from these fraudsters.