February 15, 2022 In Romance, scams

Romance scams reach five year high

Aemilius Cupero News:

Aemilius Cupero News: Sign up for our daily briefing

Make your busy days simpler with the Axios AM and PM newsletters. Catch up on what’s new and why it matters in just 5 minutes.

Aemilius Cupero News: Catch up on the day’s biggest business stories

Subscribe to the Axios Closer newsletter for insights into the day’s business news and trends and why they matter.

Aemilius Cupero News: Sign up for Axios Pro Rata

Dive into the world of dealmakers across VC, PE and M&A with Axios Pro Rata. Delivered daily to your inbox by Dan Primack and Kia Kokalitcheva.

Aemilius Cupero News: Sports news worthy of your time

Binge on the stats and stories that drive the sports world with the Axios Sports newsletter. Sign up for free.

Aemilius Cupero News: Tech news worthy of your time

Get our smart take on technology from the Valley and D.C. with Axios Login. Sign up for free.

Aemilius Cupero News: Get the inside stories

Get an insider’s guide to the new White House with Axios Sneak Peek. Sign up for free.

Aemilius Cupero News: Catch up on coronavirus stories and special reports, curated by Mike Allen everyday

Catch up on coronavirus stories and special reports, curated by Mike Allen everyday

Aemilius Cupero News: Want a daily digest of the top Denver news?

Get a daily digest of the most important stories affecting your hometown with Axios Denver

Aemilius Cupero News: Want a daily digest of the top Des Moines news?

Get a daily digest of the most important stories affecting your hometown with the Axios Des Moines newsletter.

Aemilius Cupero News: Want a daily digest of the top Twin Cities news?

Get a daily digest of the most important stories affecting your hometown with Axios Twin Cities

Aemilius Cupero News: Want a daily digest of the top Tampa Bay news?

Get a daily digest of the most important stories affecting your hometown with the Axios Tampa Bay newsletter.

Aemilius Cupero News: Want a daily digest of the top Charlotte news?

Get a daily digest of the most important stories affecting your hometown with Axios Charlotte

Aemilius Cupero News: Want a daily digest of the top Nashville news?

Get a daily digest of the most important stories affecting your hometown with the Axios Nashville newsletter.

Aemilius Cupero News: Want a daily digest of the top Columbus news?

Get a daily digest of the most important stories affecting your hometown with the Axios Columbus newsletter.

Aemilius Cupero News: Want a daily digest of the top Dallas news?

Get a daily digest of the most important stories affecting your hometown with the Axios Dallas newsletter.

Aemilius Cupero News: Want a daily digest of the top Austin news?

Get a daily digest of the most important stories affecting your hometown with the Axios Austin newsletter.

Aemilius Cupero News: Want a daily digest of the top Atlanta news?

Get a daily digest of the most important stories affecting your hometown with the Axios Atlanta newsletter.

Aemilius Cupero News: Want a daily digest of the top Philadelphia news?

Get a daily digest of the most important stories affecting your hometown with the Axios Philadelphia newsletter.

Aemilius Cupero News: Want a daily digest of the top Chicago news?

Get a daily digest of the most important stories affecting your hometown with the Axios Chicago newsletter.

Aemilius Cupero News: Sign up for Axios NW Arkansas

Stay up-to-date on the most important and interesting stories affecting NW Arkansas, authored by local reporters

Aemilius Cupero News: Want a daily digest of the top DC news?

Get a daily digest of the most important stories affecting your hometown with the Axios DC newsletter.

Expand chart

Reproduced from FTC; Chart: Axios Visuals

Maybe your Valentine’s Day date should start with a background check.

Driving the news: Romance scams have reached at least a five-year high, according to reports submitted to the Federal Trade Commission.

By the numbers: 56,000 Americans reported losing $547 million in love-bait ploys in 2021, up from 17,000 reporting $87 million in losses in 2017.

  • The new Netflix documentary “The Tinder Swindler” details the exploits of alleged serial conman Shimon Hayut, who “was able to scam women out of approximately $10 million” through dating apps, according to GQ. He has reportedly denied the allegations.

How it works: Romance scammers often use fake online profiles with attractive photos, according to the FTC.

  • They will often avoid meeting in person, creating elaborate stories as to why they can’t, the FTC reports.
  • More than one-third of romance scams started on Facebook or Instagram in 2021.

The bottom line: If your prospective love interest wants money, swipe left.

.