by Jim Kreidler, Consumer Education Specialist, FTC
Valentine’s Day is this weekend, so over the next three days, we’re talking about romance scams. Lots of people have profiles on dating apps to meet someone — maybe even more so in these virtual times. And many people have built successful relationships from an online start. But what if, instead of finding a potential partner, you find a scam?
Romance scams reached a record $304 million in losses reported to the FTC in 2020. That’s up about 50% from 2019.
So how can you spot a romance scam? Check out this video, and watch this space for more tips and tools in the next couple of days. And share the video, and what you learn. You might not need the info yourself, but you probably know someone who does.