FTC Reports More Than $200 Million Consumer Losses to Romance Scams #valentinesday

 

Via FTC: Reports of romance scams are growing, and costing people a lot of cash. According to new FTC data, the number of romance scams people report to the FTC has nearly tripled since 2015. Even more, the total amount of money people reported losing in 2019 is six times higher than it was five years ago – from $33 million lost to romance scammers in 2015 to $201 million in 2019. People reported losing more money to romance scams in the past two years than to any other fraud reported to the FTC.
More information available on the FTC’s romance scam page, as well as in a video. Information about FTC complaint data can be found at ftc.gov/exploredata, and consumers can file a complaint at ftc.gov/complaint.
See the State Department’s International Financial Scam page here.
For sending money to a U.S. citizen outside the United States, see guidance here.
To read more about OCS Trust, click here.

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