Effingham, IL-(Effingham Radio)- Consumers lost over a billion dollars to romance scams in 2023. That’s according to the Federal Trade Commission.
The FTC found that about 40-percent of people who said they lost money to a romance scam in 2022 said the contact started on social media. Median losses per person amounted to two-thousand dollars, and almost three-quarters of those who had scammed were men. So-called romance scams involve building a relationship and trust with the victim so that the target willingly provides access to their accounts or transfers money to the criminal.
If you suspect a romance scam you can report it to the FTC at ReportFraud.ftc.gov, or by contacting the FBI.
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