Beware of scams related to the coronavirus

Chat with us in Facebook Messenger. Find out what’s happening in the world as it unfolds. The elaborate con job started with an unidentified person stealing a Florida’s woman identity, the Oregon Division of Financial Regulation said in a statement. The scammer then used the stolen identity to befriend the year-old widower through an online dating service, and worked to steal his heart and his money. The con artist said the investments would be repaid along with a percentage of the profits from the sale of the sculpture. Investigators haven’t had much success tracking down the scammer. Victims often wire funds overseas or to third-party transfer agents, making it difficult to get the money back and identify the con artist, said Andrew Stolfi, administrator for the Division of Financial Regulation.

Scams to Watch Out for in 2019

He uses these holes in your heart to get you to trust him, knowing it will be easy for you to bond with someone who has experienced the same loss as you. He is priming you and getting ready to rein you in for the scam. This is when he asks you for your help. And you never hear from him again.

Romance scams (also known as catfishing) Romance fraud happens when someone believes they have met their perfect match through an online dating site or.

Sasha-Ann Simons. According to the FBI, romance scams result in the highest amount of financial losses to victims when compared to other internet crimes. The ideal partner turns out to be a sophisticated scam artist, and a love-struck single is left not only broken-hearted — but broke. Being scammed by a romantic interest met online is now the most common type of consumer fraud in the United States, according to the Federal Trade Commission FTC.

In , nearly 40 D. And the criminal acts go beyond city and state borders, involving networks of accomplices overseas. Like many victims of online scams, Ann has kept her story private for the past three years, overwhelmed by feelings of shame. The vibrant year-old from Reston was once a homeowner making good money.

Romance Scam Targeting Seniors: How Romance Scams Work

The woman had scammed her father out of all of his savings. While most scams may not be as severe this one, the act of scamming elderly people is a massive problem in the United States. Scammers do not discriminate when it comes to who they try and get money out of: rich, poor, black, white, 65 and healthy, 85 and ailing. The American Journal of Public Health estimates that about 5 percent of the elderly population which equates to around two to three million people suffer from some sort of scam every year.

Scamming the elderly is a multi-billion dollar business for people around the U.

Victims can report the scam to the FBI at and might also consider alerting the dating website on which the scammer was encountered.

File a Consumer Complaint. Romance scammers prey upon feelings, resulting in some of the biggest scam losses — often in the thousands of dollars per victim. Scammers use profiles not only on dating sites but also other social media websites to reach out where you might not be expecting. They use many methods to try to gain your trust.

They may talk to you many times a day, making you feel like you really know them. They may tell you they love you very quickly. Then, it will happen — they will need money for something urgent. It may be a medical expense, a debt or legal fees, or even fees to travel to meet you. Usually, a scammer will ask you to pay via wire or different types of gift card. If you suspect you may be talking to a romance scammer, stop communicating with them!

Try talking to someone you trust about your suspicions. Check out stories of other romance scams online and see if your romance is following a similar path.

How To Protect Yourself From Online Dating Scams

Do you have questions about your vision health? A Pew Research Center study revealed that nearly 60 percent of U. But seeking romantic bliss online can have a major downside: Cyberspace is full of scammers eager to take advantage of lonely hearts. The con works something like this: You post a dating profile and up pops a promising match — good-looking, smart, funny and personable. This potential mate claims to live in another part of the country or to be abroad for business or a military deployment.

This guide will inform you about the common scams aimed at seniors and the steps consumers can take to thwart the swindlers. The Official Website of the.

Scammers are taking advantage of the coronavirus COVID pandemic to con people into giving up their money. Though the reason behind their fraud is new, their tactics are familiar. Be cautious when accepting offers of help and use trusted delivery services for supplies and food. During this time of uncertainty, knowing about possible scams is a good first step toward preventing them. The Money Smart for Older Adults resource guide and our scam prevention handouts and activities offer telltale signs of a variety of scams, and here are a few coronavirus-specific scams to look out for.

The FTC warned about an increasing number of scams related to vaccines, test kits, cures or treatments, and air filter systems designed to remove COVID from the air in your home.

How to Avoid Senior Dating Scams, According to a Professional Dating Coach

It can be exciting to sign up for an online dating service for the first time. While most people on these services are there to find a potential date, online dating scams are becoming a real problem. Catfishing is a catch-all term for the practice of setting up fake online dating profiles to scam unsuspecting people. These phony dating profiles are often, but not always, set up by someone overseas. The profile will probably look legitimate because these scammers often steal photos and names of real people and carefully craft the profile to make it seem like a real person.

Online Dating Scams. Visual that shows an online dating scam. The Internet can be a great place for seniors to find love. The online dating pool.

Typically the victim and criminal will meet through a social media or dating site. The criminal will then try to develop a relationship with his or her victim, sometimes spending several months making the victim feel they are in a romantic relationship. Often the scammer will say that they are another city or country and that they eventually want to meet the victim in person.

The requests for help are a scam and the money wired by the victim, often in large amounts, is now in the hands of the criminal. Bank staff are aware of these kinds of scams and are trained to pay attention if a customer makes an unusual transaction — for example, withdrawing more money than usual. However, you are ultimately responsible for any funds that you withdraw from your bank account.

The CBA offers a free fraud prevention seminar for seniors as part of its Your Money Seniors financial literacy seminar program. Request a fraud prevention seminar today! All Rights Reserved. Related articles. Fraud Prevention.

The Senior’s Guide to Online Safety

Like all powerful tools, the Internet and mobile technologies come with some risks. These risks can be managed as long as you follow some basic rules of the road. So, for all the great things we cover in this guide, we also go over some precautions to help keep you safe. You may remember spending a lot of money on long distance calls and keeping them as short as possible to keep costs down, but now you can call just about anywhere in the world for free or a couple of cents a minute, and make free video calls with services like Skype, Apple FaceTime, Google Voice and Facebook Messenger.

For better or worse, old-fashioned letters have been largely but not completely replaced by email. Social media allows you to exchange ideas, photos and videos, and even plan events with friends and family living far away.

This is how much money victims of dating scams reported losing. Maryland, Virginia, and D.C. are not in the top five. Amount Reported Lost, In.

We all want love in our lives, no matter what age we are! But maintaining healthy relationships — romantic and otherwise — becomes even more important in our 50s, 60s and beyond. So, how do you put yourself out there and make new connections in the over dating scene? Online dating sites! These sites are a great resource for finding relationships of any nature — romantic, friendship, fun, serious, casual — you name it, you can find it online! Scammers are an unfortunate reality of the online dating world.

An 80-year-old widower lost $200,000 in an online romance scam in Oregon

The year-old man was “catfished” out of the money after an unidentified person posed as a Florida woman to befriend him, according to the Oregon Department of Consumer and Business Services. The alleged scammer spent months speaking with the widower under the pretense of engaging in a long-distance romantic relationship. Andrew Stolfi, administrator for the Division of Financial Regulation, said that romance scams typically target the elderly through social media and dating sites.

The widower believed he was investing in an art gallery in Florida and received fabricated museum and bank statements, the department said.

Catfishing Senior Dating Scam: What is it? Catfishing is a catch-all term for the practice of setting up fake online dating profiles to scam unsuspecting people.

Correspondents may cultivate the relationship for several months before asking for money, but if they are after your money, eventually they will ask for it. Before you send any money to Ghana, please take the time to do your research and inform yourself. Start by considering the fact that scams are common enough to warrant this warning.

Next, look over this partial list of indicators. If any of them sound familiar, you are likely the victim of an internet scam. We advise U. Many Americans have reported losing thousands of dollars through such scams.

Experts warn of online dating scams as Valentine’s Day nears

When they talked on the phone he would tell her about a woman he met online and occasionally sent money to. Even though her father never met the woman in person, she would profess her love for him through emails and ask him to send her money to feed her and her daughter. Angie told her father that he was being conned, but he would not listen and continued to send the woman money anyway. It was only after Angie was given power of attorney over her father due to a massive stroke that she realized the extent of the scam.

She found numerous emails from the woman asking for money, including receipts from wire transfers. Unfortunately, this is not uncommon.

However, elderly people, women, and those who have lost a spouse are often targeted. A New Twist: Dating Sites Used to Recruit Money Mules.

Create an Account – Increase your productivity, customize your experience, and engage in information you care about. Skip to Main Content. Read On Sign In. Scams Dating Scams This one is for seniors. As more and more seniors are getting acquainted with social media, we’re seeing more and more fall victim to scams. One example is the “sweetheart” scam, where unsuspecting seniors will meet new “sweethearts” on sites promoting dating and finding new friendships.

These crooks will pretend to be interested in their victims and then get them to wire money.

Online Dating Scam