Romance Scam Reached a Record of $304 Million Losses in 2020

Read the original article: Romance Scam Reached a Record of $304 Million Losses in 2020


Romance Scam

The Federal Trade Commission (FTC) says people have reported losing more money on romance scams than on any other fraud type identified in Sentinel. “ In 2020, reported losses to romance scams reached a record $304 million, up about 50% from 2019. For an individual, that meant a median dollar loss of $2,500. From 2016 […]

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Read the original article: Romance Scam Reached a Record of $304 Million Losses in 2020