I picture noisy Neanderthals distracting a clueless caveman as his prized mammoth moccasins are spirited away. Substitute credit card, phone or money for the moccasins and the old distraction dodge is still playing out today. No need for you to be a victim, though, not if you stay reasonably alert, take common sense precautions and know what to expect. To the U.
ACCC: Hopeless romantic Aussies losing millions to dating scams
Online Romance and Dating Scams
Many Americans are turning to the internet in order to search for love. Online dating and dating apps are the new wave of the future for both younger generations and older generations alike. And sadly the surge in online dating has also created a potential for scammers to target people looking for love. When using dating apps, it is extremely easy to create fake identities using stolen images that a scammer can hide behind. This scam can affect men and women of all ages because the scammer attempts to connect with their victims in a more personal way. Common scams these thieves use to exploit victims include asking for money for a family member with medical bills, claiming to be the victim of a robbery, or needing funds in order to meet or visit their significant other. Because these scammers have worked hard to fake an emotional attachment to their victim, it is obvious how someone could fall for the scam thinking that they are helping the person that they love.
Elderly people face all of the same scams as everyone else, but some scams disproportionately affect the older generations. Many of these fall under the umbrella of elder fraud — the misappropriation or abuse of financial control in a relationship where there is an expectation of trust, resulting in harm to an elderly victim. Elder fraud is vastly underreported, according to a study by Comparitech. This means that 38 percent of fraud cases target the elderly. But what makes older people susceptible to fraud?
Romance scams continued to break hearts and empty wallets at a record pace in , the Federal Trade Commission said. And from to , total dollar losses increased more than fourfold while the number of reports nearly tripled, the FTC said. Gift cards and wire transfers are the most frequent payment methods for romance scams.