Romance Scammers: A Growing Financial Crime
Love and friendship is big business for fraudsters, with unsuspecting Brits losing over £100 million to romance scammers last year.
A review by the Financial Conduct Authority (FCA) revealed the depth of the problem, with cases rising by 9% last year.
People searching for love in the UK lost £106 million to romance fraudsters, with scammers targeting Brits over various schemes.
- fine wine
- Winter Fuel Payments
- motor finance compensation
Scammers have also been known to pretend to be the regulator, making it essential for banks and individuals to take action to stop these sweet-talking scammers.
Love and friendship is big business for fraudsters who tricked unsuspecting Brits out of more than £100 million last year.
A notable case involved a lonely Brit who lost £428k to romance scammers, highlighting the severity of the issue.
Author's summary: Romance scammers stole over £100 million from Brits last year.