In 2022, nearly 70,000 people reported a romance scam, and reported losses hit a staggering $1.3 billion. [1] The median reported loss: $4,400. [2] These scammers pay close attention to the information you share, and don’t miss a beat becoming your perfect match. You like a thing, so that’s their thing, too. You’re looking to settle down.

The number of romance scam reports received in 2023 – 64,003 – is smaller than the 474,731 reports received about business imposters and 228,282 about government imposters. But reported losses to romance scams total $1.14 billion, with median losses per person of $2,000 – the highest reported losses for any form of imposter scam. That ...

Feb 10, 2021 · For three years running, people have reported losing more money on romance scams than on any other fraud type identified in Sentinel. 1 In 2020, reported losses to romance scams reached a record $304 million, up about 50% from 2019. For an individual, that meant a median dollar loss of $2,500.

Feb 10, 2022 · That’s a remarkable growth in cryptocurrency payments to romance scammers: 2021 numbers are nearly five times those reported in 2020, and more than 25 times those reported in 2019. In 2021, the median individual reported loss using cryptocurrency was a staggering $9,770.

Feb 10, 2022 · A newly released data spotlight shows that in 2021 reported losses to romance scammers were up nearly 80 percent compared to 2020, and the total reported lost over the past five years has now reached $1.3 billion.

Reported romance scam losses from all Sentinel sources by year are as follows: $493M (2019), $730M (2020), $1.3B (2021) $1.3B (2022). Because the vast majority of frauds are not reported to the government, these figures reflect just a small fraction of the public harm.

Feb 9, 2023 · New data released today by the Federal Trade Commission sheds new light on the lies that romance scammers use to take advantage of people—lies that reports to the FTC show cost nearly 70,000 consumers $1.3 billion in 2022.

Millions of people use online dating apps or social networking sites to meet someone. But instead of finding romance, many find a scammer trying to trick them into sending money. Read about the stories romance scammers make up and learn the number one way to avoid a romance scam.

As your social media and mailboxes fill up with new year’s greetings, you might see some unfamiliar names. Are the messages from long-lost friends or romance scammers trying to get close? Here are some things to watch for.

Feb 12, 2019 · People who said they were ages 40 to 69 reported losing money to romance scams at the highest rates – more than twice the rate of people in their 20s. 3 At the same time, people 70 and over reported the highest individual median losses at $10,000. 4