Inside the FBI Romance Scams Revisited
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Feb 9, 2024 Learn about the tactics scammers use in romance scams to gain financial profit and the connection between romance scams and investment fraud. Discover red flags of romance scams and how to recover money if scammed. Explore resources for reporting scams and promoting the podcast.
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Rising Romance Scam Impact
- Romance scams are increasing in frequency and monetary losses each year.
- In 2021, victims lost almost a billion dollars, with over 24,000 complaints.
Payment Method Evolution
- Scammers request diverse payment methods, from traditional checks and wire transfers to modern digital payments, gift cards, and cryptocurrency.
- This evolution reflects increasing technological sophistication.
Anonymity of Payment
- Scammers prefer gift cards and cryptocurrency due to the perceived anonymity, making them harder to track.
- This anonymity provides a false sense of security for scammers.