Romance Scam Reached a Record of $304 Million Losses in 2020


The Federal Trade Commission (FTC) says people have reported losing more money on romance scams than on any other fraud type identified in Sentinel. “ In 2020, reported losses to romance scams reached a record $304 million, up about 50% from 2019. For an individual, that meant a median dollar loss of $2,500. From 2016 […]
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