A romance scam is when a criminal/scammer creates a fake persona on dating sites or social media sites like Instagram or Facebook. Sometimes these are referred to as “catfish.” The scammer will strike up a relationship with their target and build trust through talking multiple times a day. Eventually the scammer will make up a story and ask for money.
In 2019, people reported losing $201 million to romance scams. People reported losing more money to romance scams in the past two years than to any other fraud reported to the FTC.–Federal Trade Commission
The below graphic shows the signs of a scam and what to do if you are a victim of a romance scam.
The graphic is courtesy of the Federal Trade Commission and the American Bankers Association (ABA).