Americans lost $1.3 billion to romance scams in 2022 — here are the top 5 lies
In 2022, nearly 70,000 Americans lost money to romance scams, up from 56,000 the year before, according to the Federal Trade Commission. People lost a total of $1.3 billion in 2022, broadly in line with the previous year, based on updated data, but up significantly from the $730 million lost in 2020.In 2022, nearly 70,000 Americans lost money to romance scams, up from 56,000 the year before, according to the Federal Trade Commission. People lost a total of $1.
“But there is one exception — you want to meet in real life, and they can’t. Reports show their excuse is often baked right into their fake identity,” Fletcher wrote. “Claiming to be on a faraway military base is the most popular excuse, but ‘offshore oil rig worker’ is another common occupation. In short, there’s no end to the lies romance scammers will tell to get your money.”
Investing ‘tips’ and ‘sextortion’ are on the rise Offering to do someone a “favor” by teaching them how to invest is one way scammers get people to part with their money, the FTC said. The scammer might actually let the victim withdraw a small amount of money as a “profit” on their investment in order to gain their trust and convince them to invest more money.
Scammers want you to send money via cryptocurrency “All scammers, not just romance scammers, want to get your money quickly. And they want your money in a way that makes it hard for you to get it back,” the FTC said.
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