Love is in the air this Valentine’s Day, but so are scams.
Last year, romance scams generated more losses for consumers than any other type of fraud reported.
Scammers often target their victims through online dating sites or social media. They gain the victim’s trust and then ask them to wire money.
One victim, Beverly Franzke, fell for the scam on Match.com.
When the online relationship bloomed, the man asked for money for medical bills. She sent him more than $30,000.
When asked why she sent money to a man she never met in person, Franzke replied “I don’t know. I’m just a caregiver. I’ve always taken care of people and it was one promise after another. ‘I’ll pay you back when I get home’ blah, blah, blah.”
The Better Business Bureau estimates there may be a million romance fraud victims in the U.S.