Romance Scammers: A Growing Financial Crime
Love and friendship is big business for fraudsters, with unsuspecting Brits losing over £100 million last year.
A review by the regulator has revealed the depth of the problem, with people searching for love in the UK losing £106 million to romance fraudsters last year.
The Financial Conduct Authority (FCA) reports that romance fraud cases rose by 9% last year, making it a growing financial crime.
Scammers target Brits over various things, including fine wine, Winter Fuel Payments, and motor finance compensation, and have even pretended to be the regulator.
When you purchase through links on our site, we may earn an affiliate commission.
In one notable case, romance scammers stole £428k from a lonely Brit, highlighting the need for awareness of red flags.
Author's summary: Romance scammers steal millions from Brits annually.
More News
- Bombers win ugly to keep playoff hopes alive
- Knicks’ harsh Mitchell Robinson reality could open the door for a surprise breakout
- ‘No Kings’ protests liveblog: Scenes from around Southern Colorado’s big and small cities and towns
- TBA, Appraisal, Reverse Mortgage Tools; STRATMOR on AI and Competition; Can the CFPB be Willed Away?
- Gallery | Sunderland 2-0 Wolves
- B.C. Lions 37, Edmonton Elks 24: Robert Carter interception, TD run key in surging Vancouver win
- Joshua Jackson and Jodie Turner-Smith have officially canceled their upcoming divorce trial
- Ants ‘social distance’ during a pandemic
- 'No Kings' protests against Trump planned nationwide, in what the GOP calls 'hate America' rallies
- Fulham v Arsenal line-ups: Jimenez returns for Whites - West London Sport