In time for Valentine’s Day, FTC data show massive increase in romance scams

More consumers than ever report falling prey to romance scammers, according to new Federal Trade Commission data that show consumers reported losing a record $304 million to the scams last year. A newly released data spotlight shows that the amount consumers reported losing to romance scammers is up about 50 percent since 2019, and has increased more than four-fold since 2016.

The FTC's press statement is here.

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