PYMNTS
FEBRUARY 12, 2019
12) about potential “romance scams,” which cost victims a collective $143 million last year. The FTC said these particular types of scams cost people more than any other type of swindling, and that they’re expected to become more common. The Federal Trade Commission released a warning on Tuesday (Feb. Don’t rush things.
PYMNTS
FEBRUARY 25, 2020
In separate news, the FTC released a warning last year about potential “ romance scams ,” which cost victims a collective $143 million in 2018. At the time, the FTC said these particular types of scams cost people more than any other type of swindling, and they are forecasted to become more common.
Fintech News
FEBRUARY 15, 2024
In particular, the report notes that scamming is most successful when markets are up, exuberance is high, and people feel like they are missing out on an opportunity to get rich quickly. Additionally, many crypto scammers are moving towards romance scam tactics, making these scams more difficult to uncover.
PYMNTS
OCTOBER 1, 2019
consumers lose more to romance-based fraud than any other type of scheme. The agency reported that more than 21,000 individuals were tricked into sending $143 million in romance scams in 2018 — triple the rate reported in 2015. The Federal Trade Commission (FTC) reports that U.S.
PYMNTS
JUNE 10, 2019
The group has evolved from a “one-man shop” that originally scammed victims on Craigslist , and now has dozens of fraudsters targeting smaller firms through BEC — with an emphasis on U.S. The fraud evolved into romance scams a few years later, then BEC scams in 2015. “I companies and government agencies.
FICO
APRIL 29, 2022
Increasingly, the scams involve cryptocurrencies; The New York Times also recently investigating crypto romance scams in which victims are lured into paying criminals with fraudulent, and irrevocable, transfers into digital wallets. I blogged about this tragic phenomenon in 2018 and my advice rings as true as ever.
PYMNTS
NOVEMBER 6, 2019
consumers lose more to romance-based fraud than any other type of scheme. The agency reported that more than 21,000 individuals were tricked into sending $143 million in romance scams in 2018 – triple the rate reported in 2015. The Federal Trade Commission (FTC) reports that U.S.
Expert insights. Personalized for you.
53 
Let's personalize your content