Romance Scammers: A Growing Financial Crime
Love and friendship have become a lucrative business for fraudsters, with romance scammers tricking unsuspecting Brits out of over £100 million last year.
A review by the Financial Conduct Authority (FCA) has 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 last year.
- Scammers target Brits over various schemes, including fine wine and Winter Fuel Payments.
- They have also been known to pretend to be the regulator.
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 being stolen of £428k by romance scammers, highlighting the need for awareness and action to stop these sweet-talking scammers.
Author's summary: Romance scammers stole over £100 million from Brits last year.
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