Scam of the Week: Romantic Investment Scams

Let’s be honest, the age of social distancing can leave us feeling lonely. To make matters worse, bad guys are leveraging our loneliness for their scams. Romance-related scams are growing more popular and more complex.In the latest romance-related scam, bad guys use a dating app to find their target, build a relationship, and establish trust. Once you trust them, the scammer will share financial tips and invite you to an exclusive investment site—which is actually a scam. Your new “friend” will guide you through opening an account, buying financial products, and building your investments. Then, one day, all communication stops and you’re left wondering where that money has gone.Don’t fall for it! Remember these tips:

• Romance scams aren’t exclusive to dating apps. The technique could easily be used on social media as well. Be skeptical of anyone who contacts you that you don’t know personally.
• This attack exploits the loneliness of life during a pandemic. Don’t let the bad guys play with your emotions. Think before you click!
• Remember, if something sounds too good to be true, it is probably a scam.

Stop, Look, and Think. Don't be fooled.