Romance scams in the spotlight

The Federal Trade Commission's Division of Consumer and Business Education has posted a blog article, "It's not true love if they ask for money," on the growing threat of "romance scams." FTC data indicates that the number of romance scams reported to the Commission has nearly tripled since 2015, and reported losses from those scams in 2019—$201 million—is six times higher than five years ago.

The article, which would be good to share with any customers who show signs of being involved in one of these scams, describes how the scams develop and what someone who thinks they've targeted should do.