Editor's note: Here's a press release from the Federal Trade Commission, February 12, 2019: New FTC Data Spotlight details big jump in losses, complaints about romance scams Scammers who use love to target consumers not only take an emotional toll on their victims, but can also take a financial one as well. New complaint data released today by the Federal Trade Commission shows romance scams generated more reported losses than any other consumer fraud type reported to the agency in 2018. In the last three years, many more consumers have reported romance scams to the FTC’s Consumer Sentinel database, with much higher total reported losses from those scams, according to the Comm …
FTC: Americans lose $143 million in romance scams last yearRead More