February, the month of love. No wonder, the shortest. The FBI wants you to double-check before rushing in.
The United States Federal Bureau of Investigation has issued a warning against the rise in romance scams in the San Francisco Bay Area, with the latest trend involving cryptocurrencies.the public about the rise in romance scams based on the complaints filed with the FBI’s Internet Crime Complaint Center . A romance scam involves creating fake accounts and convincing unwary investors — both men and women — to transfer funds under the pretext of getting romantic.
In 2021 alone, the intelligence and security service logged 742 complaints within the Northern District of California, overshadowing the 720 and 526 complaints lodged back in 2020 and 2019 respectively.more than 23,000 complaints about confidence/romance scams in 2020 — with reported losses of more than $600 million. The FBI warning read:
A typical romance scam starts off with gaining the trust of the victims who are then redirected to fraudulent platforms citing investment opportunities. While the scammers allow the investors to withdraw some profits from the initial trade as a way to prove credibility, the victims are coerced into investing more money or cryptocurrencies:
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