Romance Scams Will Cost You

Romance Scams Will Cost You


 

by Lisa Weintraub Schifferle
Attorney, FTC, Division of Consumer & Business Education

It’s Valentine’s Day and love is in the air. You may think you spend a lot on flowers or chocolate, but losing money in a romance scam would cost you even more. Last year, people reported losing $143 million to romance scams – a higher total than for any other type of scam reported to the FTC. And, according to a new FTC Data Spotlight, reports of romance scams are on the rise.

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