Almost USD 133 billion has been lost to romance scams, the FBI revealed. In just a week there were thousands of complaints registered.
In its report, the FBI mentioned that the more than 1800 cases have been reported between January and July,of which most of the victims were manipulated into losing cryptocurrency digitally.
These malicious scammers try to make contact with their victims generally through dating apps or some other social networking apps. The scammers first acquire the trust of people and then share their knowledge in cryptocurrency trading. They trick them into investing in some fraud site. After the victim invest in small amounts, they allow them to extract some money to gain more trust. Further the scammer tells the person to move fast and bard the victim in withdrawing again.
The scammers cleverly extracts more money in the name of tax, fees and customer service.
The scammers cleverly extracts more money in the name of tax, fees and customer service. After all money has been extracted the scammers stop replying to their messages.
The victims that fell into this trap generally felt lonely because of pandemic period. The scammers have evidently exploited this advantage that quarantine era has given to them.
The elderly are the main targets of such frauds since they are often isolated and require some sort of connection to live their lives.