Falling in love? Or falling victim?
Year after year, romance scams make up a contribute to the billions of dollars lost to fraud nationwide. Romance scams are the costliest type of fraud, with victims losing thousands of dollars to criminals pretending to be interested in a romantic relationship.As the month of February arrives and brings the “season of love”, it’s especially important to stay cautious. Scammers often build emotional connections quickly, avoid meeting in person, and eventually ask for money and personal information.
What to do if you or a loved one is affected by a romance scam
Number one: Do not be embarrassed! Millions of people are preyed upon each year, and the only way to reduce that number is to talk about it openly and report suspicious activity.
If you or a loved one is a victim of a romance scam, contact your bank immediately. Then, report it to the FTC. Each report can help save another person from getting their heart broken and their money stolen.
Protect your heart and your financial well-being this Valentine’s season by staying alert and informed!
