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FTC: Romance Scammers Swindled $143M From Consumers In 2018

PYMNTS

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. They will generally request the money be sent by wire transfer or gift card.

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6 Types of COVID-19 Scams to Watch Out For

FICO

In one recent example, a criminal impersonated the leader of a UK-based energy firm using voice-generating AI software to convince a chief executive to wire $243K. This can also take shape as a romance scam, where the criminal creates an enticing fake profile and builds a relationship with their unsuspecting victim.

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