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  • Geebo 9:00 am on February 20, 2023 Permalink | Reply
    Tags: , , , romance scam,   

    When romance and crypto scams meet 

    When romance and crypto scams meet

    By Greg Collier

    Money can complicate any relationship. However, it’s not complicated if a person you never met in person asks you for money. That person is more than likely a romance scammer. Typically, romance scammers will cultivate an online relationship with their victim for months before asking the victim for money. Scammers will claim they have plenty of their own money, but it’s tied up for some reason or another. There is also a variation to this scam where the scammer doesn’t ask for money. Instead, they offer to help their victim.

    This scam has the unfortunate name of the ‘pig butchering’ scam. The scam is named this way because the victims are seen as the pigs that the scammers ‘raise’ before leading them to the financial slaughterhouse.

    It starts when the victim meets a potential romantic partner on a dating platform or social media. The scammer will string the victim along until the scammer tells their victim they can help the victim make money by investing in cryptocurrency. The victim is then directed to a cryptocurrency exchange run by the scammers. The victim will pay the exchange for their investment before being told their investment has had a substantial return. When the victim tries to get their money out, they’re told by the exchange they need to pay more money to get their returns. This will continue until the victim runs out of money or realizes they’re being scammed.

    This happened recently to a woman from San Antonio, Texas, who met one of these scammers on the dating platform Bumble. The scammer claimed to have grown up in Switzerland before coming to the US. The scammer quickly moved the conversation off of Bumble and on to WhatsApp. There, the scammer said he could show her how to invest in cryptocurrency with the New York Stock Exchange. She paid $6500 to what she thought was the NYSE. She was told that her money was garnering returns. The scammer must have thought that $6500 wasn’t enough because the victim said the scammer started becoming aggressive and threatening. The victim then found out that the exchange had no affiliation with the NYSE.

    While $6500 may be a fortune to many people, the victim is actually lucky. There have been instances where at least one victim has lost almost $2 million to the pig butchering scam.

    The pig butchering scam isn’t limited to dating apps. If someone messages you with promises of record windfall by investing in cryptocurrency, they’re more than likely a scammer. No financial investment is ever guaranteed to make the investor a profit.

     

  • Geebo 9:00 am on February 16, 2023 Permalink | Reply
    Tags: , , romance scam,   

    Romance scammers are FaceTime frauds 

    By Greg Collier

    A lot has been made about romance scammers in the news this week because of Valentine’s Day. While it’s always a good thing when the media shares information about this scam, it’s a scam that people should watch out for all year round. While the scam largely targets the elderly, anyone can fall victim to the scam regardless of age or gender. To complicate matters, romance scammers can use technological tricks to get around some of the red flags.

    For example, a widow from California recently lost $120,000 to a romance scam. The victim had met the scammer on Date, a dating platform primarily used by Jewish singles. The scammer claimed to be an international businessman from Germany living in Texas. That should have been a red flag, as romance scammers almost always pose as someone who is often out of the country. Other popular positions that romance scammers claim to have are being stationed overseas in the military or oil rig workers. This gives the scammers plausible deniability when it comes to meeting in person.

    That leads us to our next red flag, as the scammer in this instance also kept making excuses as to why the pair couldn’t meet in person. Then the requests for money started, which should be the biggest red flag indicating a romance scam. However, this particular scammer used a gimmick that probably made all the red flags go away.

    According to the victim, she would talk to who she thought was her romantic partner over the video chat app FaceTime. Typically, on FaceTime scam calls, the scammer will only show a picture and will claim that there’s something wrong with their camera or device. However, it’s not unheard of there being convincing filters that can imitate other people while FaceTiming. An untrained eye may not be able to spot such a ruse, but you can see how that might convince someone that their online relationship is real.

    When it comes to romance scams, no red flag should ever be ignored. If you’re using a dating site and someone asks to move off the platform to communicate, that could be a red flag. Always do a reverse image search, as scammers will often use pictures that are stolen from online platforms. And most importantly, never send money, no matter how big or small the amount.

     

  • Geebo 9:00 am on February 2, 2023 Permalink | Reply
    Tags: , , romance scam, ,   

    Elderly victim loses almost $100K to romance scam 

    Elderly victim loses almost $100K to romance scam

    By Greg Collier

    With Valentine’s Day approaching, romance scams are on the rise. For new readers, romance scams typically consist of scammers luring their targets into false romantic relationships as a way to steal money. The scammers usually pose as oil rig workers, military members stationed overseas, or international business people. This is done in order to have a built-in excuse as to why the scammer can’t meet their victim face to face. While anybody can fall for a romance scam, elderly women are frequently the targets for this scam. While Valentine’s Day can be a potential flashpoint for romance scams, they can happen at any time.

    For example, an elderly woman from Indianapolis is said to have lost $98,000 to a romance scammer. The victim was using a dating website after losing her husband a few years ago. She met someone on the site who claimed to be 20 years her junior. When asked if the age gap would be a problem, the scammer replied with, “age is just a number.”

    The scammer then convinced the victim to move their conversations away from the dating site and use text messaging instead. The scammer claimed to own a construction company in Montreal, Canada, and asked for money to help support his business. The victim sent five payments that totaled a little over $98,000.

    The supposed construction company owner even sent the victim a picture of a plane ticket that showed an intent to visit the victim. Of course, no one ever showed. Even then, the scammer continued to ask the victim for money, including a $500,000 request to invest in his construction business. When the victim stated they had no more money, the scammer cut off contact with the victim.

    If you ever meet a potential romantic partner online, the first thing you should do is a reverse image search on their picture. Scammers will often steal pictures from someone’s social media who has no idea their picture is being used in a romance scam. If your prospective partner is being cagey about meeting in person, that is usually a good indicator that they’re trying to scam you. Also, if you’re using a dating app or platform, and you’re asked to move the conversation off the platform, that could be a good indication of a scam. Lastly, if they ask for money before meeting, that’s a huge red flag indicating a scam.

    If you know someone who may be a victim in a romance scam, it’s often difficult to convince them that they’re being scammed. It may help if you show them this blog post or any of the articles out there that detail how a romance scam works.

     

  • Geebo 9:00 am on December 21, 2022 Permalink | Reply
    Tags: , , , romance scam,   

    Romance scammers steal life savings of elderly victim 

    By Greg Collier

    The holiday season is the time of the year when romance scammers strike the hardest. After all, most people to be alone for the holidays. That loneliness can make anyone vulnerable to the promises of a romance scammer. Romance scammers often pose as well-off individuals, such as doctors or international businessmen. The stability of some of these positions make them more attractive to their victims. It also doesn’t help that when someone is lonely, the heart can often overrule the mind, and red flags are often ignored.

    That happened to an elderly Pennsylvania woman who lost almost $40,000 to scammers. Her scammer claimed to be a doctor who was working in Iraq for the United Nations. It was because the scammer was said to be in Iraq that it made it easy for them to avoid meeting the victim. It also made it easy for the scammer to make excuses as to why they couldn’t talk on FaceTime or why the ‘doctor’ was unable to carry any money on him.

    For months, the scammer cultivated an online relationship with their victim. At first, they would talk every day through online chats. Then the chats became phone calls where they would talk every day. The scammer was said to have talked like someone who was in love, even saying things to the victim like ‘How was your day?’. Things that many of us might take for granted when we’re in relationships.

    Then it finally became time for the scammer to pull the trigger on the scam. At first, the money requests started small. The first one was for a $100 pre-paid debit card that the victim took a photo of and sent to the scammer. Then came larger amounts for things like cell phone service, food, and a plane ticket for the ‘doctor’ to meet the victim. However, instead of the meeting taking place, the victim received a phone call from someone claiming to be the doctor’s lawyer.

    That person said that the doctor had been arrested because of the drugs in his bag, and he needed $20,000 bail. By this time, the victim had already gone through her savings, but the supposed lawyer pressured her into finding more money. She was told to sell her car, cash out life insurance policies, and beg from her family if need be. It was then the victim realized she had been scammed.

    The photos the scammer used turned out to be of an actual doctor from Spain, whose picture was being used in all manner of romance scams.

    The victim had lost everything to the scam, but was fortunate enough to have family her took her in. She believes she was taken advantage of because she had listed herself as a widow on her Facebook page.

    The romance scam probably comes with the most victim blaming, as many people say they can’t believe someone would fall for such a scam. That’s when we like to remind people that anybody can fall victim to a scam, no matter their education level or socioeconomic status. Recently, a Texas man pleaded guilty to being part of a romance scam that took $1.2 million from just one victim. You don’t accrue that kind of money without being a little smart.

    The best way to protect yourself from romance scammers is to do a reverse image search of any picture they send you of themselves. If the results come back to someone who isn’t who they say they are, then your best bet is to cut off any communication with them. It goes doubly so if they start asking you for money if you haven’t even met yet.

    If you know someone, especially an elderly person, who might be caught in a romance scam, please show them this blog post or the Romance Scam page from the FTC’s website.

     

  • Geebo 9:00 am on December 9, 2022 Permalink | Reply
    Tags: , , , romance scam, , wrestling,   

    Wrestling with the romance scam 

    By Greg Collier

    When we discuss the romance scam, we generally tell our readers that there are certain occupations the scammers claim to be a part of. Typically, the scammers claim to be in the military, overseas business moguls, or oil rig workers. This gives them built-in excuses for why they can never meet their supposed romantic partners face to face. It also gives the scammers built-in reasons to keep asking their victims for money. But recently, we’ve heard of a romance scam using an occupation we haven’t heard about being used in the scam before.

    In a suburb of Detroit, a 75-year-old man lost $80,000 to a romance scammer. The man met the scammer on Instagram, who was posing as a woman. The scammer sent a direct message to the man saying that she was having problems with her bank account. She asked the man for money to help her get to her job, which required traveling.

    This relationship lasted for 6 months. The victim had sent the scammer cash and pre-paid gift cards. In return, the scammer said she was eventually going to move to Michigan to be with the man and marry him.

    When the man’s own money ran out, he had borrowed $5000 from friends.

    It wasn’t detailed how the man discovered he was being scammed.

    The hook in this story is that the scammer was posing as a women’s professional wrestler who worked for the WWE. Again, if it wasn’t for the fact that a man lost $80,000, we’d almost give credit to the scammer for picking such a unique profession to use in a scam. Pro wrestlers are constantly on the road, with some working 300 dates a year. This gives the scammer another excuse as to why they can’t meet in person.

    Unfortunately, pro wrestlers are no strangers to being used as part of a scam. Scammers often imitate some of the top names in the industry to try to scam wrestling fans. And sometimes these scams can have dangerous results for the wrestlers involved.

    Last year, a fan jumped the barricade at a WWE show in New York, and attacked WWE Superstar Seth Rollins. The fan had been scammed by a social media account that was imitating Rollins online. Thankfully, neither Rollins nor the fan were injured.

    This story also speaks to another problem of the romance scam, and that’s the celebrity impersonator. No matter how minor the celebrity may be, they’re never going to reach out to individual fans for romantic reasons or otherwise.

    And as far as romance scams go, if the person you’re having an online relationship keeps putting off a face-to-face meeting, there’s a great possibility they’re a scammer. No matter how charming they might be, never send money to someone you don’t know personally that you’ve never met in real life. Lastly, always do a reverse image search on their picture to make sure they haven’t stolen the picture from someone else.

     

  • Geebo 8:00 am on October 6, 2022 Permalink | Reply
    Tags: , , , romance scam,   

    Romance scammer defrauds victim of $82,000 

    Romance scammer defrauds victim of $82,000

    By Greg Collier

    Romance scammers are some of the cruelest scammers out there. They take advantage of someone’s loneliness while stringing them along for weeks or months before leaving them with an empty bank account or worse.

    This is what happened to a woman from the Chicago area after meeting a man online. The 37-year-old woman met her scammer on the dating app Hinge. The scammer claimed to be an architectural engineer from Greece, who was currently working in America. The scammer also claimed that he had a five-year-old daughter who was living with his sister in Utah.

    The conversations moved off the Hinge platform and on to various other methods, including phone calls. The scammer acted like a man in love, while the victim thought she was in an authentic relationship.

    Six weeks into the phony relationship, the scammer started sowing the seeds of their master plan. He claimed he needed to get $500 to his sister to help pay for his daughter’s care. The victim sent the $500 to the sister through PayPal. To lull the victim into a false sense of security, the scammer actually paid back $500 to the victim. As we’ll see, $500 was a small price for the scammer to pay to get their ultimate payoff.

    The scammer sent the victim a check for $85,000. He claimed the money needed to go to his daughter, but he couldn’t get to his own bank. He asked her to deposit the check in her account before wiring $82,000 to the supposed man’s sister. The scammer even advised her to deposit the check through an ATM, probably so it wouldn’t draw any attention from bank employee’s. The check turned out to be fraudulent, leaving the victim with a negative balance of $82,000.

    When the victim messaged the scammer about the check, the scammer went dark. However, she did receive a Facebook message claiming to be from the FBI telling her that she had been scammed. This message was more than likely from the scammer as well.

    Anybody who asks you to deposit a check into your account to pay someone else is almost assuredly trying to scam you. Banks do not wait for the check to clear before making the funds available. There is a several day window where the scammers can strike. If the money is taken out of the victim’s bank account before the check clears, then the victim will be responsible for paying that money back to the bank.

    Dating apps typically do not do any kind of background check on their users. If you meet someone online, the first thing you should do is a reverse image search to make sure they’re not using pictures stolen from elsewhere on the internet.

    Lastly, if the person you meet claims to have a job that makes it difficult to meet in person, this is a good indicator of a potential scam. These jobs can include a military member stationed overseas, oil rig workers, and international business workers.

     

  • Geebo 8:00 am on September 27, 2022 Permalink | Reply
    Tags: , , , , romance scam,   

    Loneliness leads to crypto scam 

    Loneliness leads to crypto scam

    By Greg Collier

    Loneliness is one of the greatest vulnerabilities someone can have. It can cause us to make rash decisions or ignore warning signs if we think it will help us be any less alone. Some of the more detrimental decisions people can make are made during bouts of extreme loneliness. Unfortunately, scammers are aware of this too. Lonely people, especially senior citizens who may have lost a partner, are a favorite target of scammers. This is especially true of romance scammers.

    Traditionally, romance scammers find a target online and foster a phony relationship with them. Once the scammer gains the target’s trust, the scammer will start asking for money for some emergency. Romance scammers often pose as military members serving overseas, oil rig workers who are constantly working offshore, or international business people. They use these occupations as excuses as to why they can never meet in public.

    However, there is a new type of romance scam that works a lot quicker than the typical one, as one man from Indiana recently found out. The man is a senior citizen who is on a fixed income. He met a woman going by the name of Elizabeth on a dating site. It wasn’t long before Elizabeth mentioned she worked for an investment company and could make the man some money. The man was told that if he gave her $500 in Bitcoin, he’d make a profit in 5 days. He sent ‘Elizabeth’ the $500 in Bitcoin.

    When it came time for the man to claim his profits, he contacted the supposed investment company. He was told that his initial investment had multiplied more than ten times its amount. When the man tried to cash out, he was told he would need to send an additional $2000 through Cash App to claim his windfall. The man refused and was then asked for his bank account information. It was at this point the man realized he had been scammed. This man probably got off easy, relatively speaking. While we’re sure $500 was a lot of money to this man, other victims to this scam have paid the additional fees the scammers have asked for and never see a penny of it in return.

    No investment is ever guaranteed to return a profit, and especially not cryptocurrency, as that market can wildly fluctuate. If someone you don’t know or barely know promises to invest in cryptocurrency for you, there’s a good chance that they’re trying to scam you. Also, no legitimate investment company will ask you to make any payment through apps like Cash App.

    If you’re lonely and looking for companionship online, please be very careful as there are any number of pitfalls out there that could leave you with a broken heart and an empty wallet.

     

  • Geebo 8:00 am on April 19, 2022 Permalink | Reply
    Tags: , , romance scam, , , ,   

    Scam Round Up: 3 phone scams worth noting 

    Scam Round Up: 3 phone scams worth noting

    By Greg Collier

    This week in the Scam Round Up, we’re discussing three scams related to phones that have been in the news a lot recently.

    ***

    Our first scam has been affecting both T-Mobile and Verizon customers. Users of both services have reported receiving text messages offering them a free gift. The text messages say, “Your bill is paid for March. Thanks, here’s a little gift for you.” The text message also contains a link for customers to click on to get their free gift. These messages are not coming from the phone providers, but instead are coming from scammers. If a customer clicks the link, they’ll be taken to a page where they’ll be asked for their personal information under the guise of verifying their identity. Or, they’ll be asked for payment to cover the cost of shipping the supposed free gift. Of course, there is no free gift to be had. If you receive a text message like this, it’s best just to ignore and delete it.

    ***

    The next phone scam is one of those scams that would be ingenious if it wasn’t so harmful. In this scam, scammers are calling their victims and asking them one question, “Can you hear me now?” The scammers are hoping that the victim gives them a ‘Yes’ response, so the scammers can get a voice recording of the victim. This is so the scammers can use the victim’s recorded voice as a voice authorization for any number of reasons. Such voice authorizations can be used to make purchases or access a victim’s bank account in some situations. If someone you don’t know calls you and starts asking you questions, it’s advised that you do not respond. Another way to protect yourself from this scam is to use the ‘if it’s important enough, they’ll leave a voice mail’ method.

    ***

    Our last scam has been problematic for us to post about since it involves some adult themes. In this scam, victims receive a text message that comes attached with a picture of a young woman. The text messages say something along the lines of “I was hoping we could repeat last night” or “I haven’t heard back from you, did I do something wrong?”. Many people have responded to the texts, telling the sender they have the wrong number. This lets the scammer know that the victim’s number is a legitimate phone number. In some cases, the scammers have sent explicit images trying to instigate a romance scam. In other cases, victim’s have been lured to dating sites where they’re asked to pay money. Much like the previous two scams, you should not respond to the scammers. If you do, it lets them know that someone is at that number and can be targeted for other scams in the future.

    ***

    Since most of us carry are phones with us everywhere we go, scammers can technically target someone at any time of the day, no matter where they are. Hopefully, we’ve given you the knowledge to protect yourself against such scams.

     

  • Geebo 9:00 am on February 24, 2022 Permalink | Reply
    Tags: , , , romance scam, ,   

    The other victims of romance scams 

    By Greg Collier

    Typically, when we discuss romance scams, or catfishing as it’s sometimes known, we talk about the victim who ended up losing money to these scammers. However, there’s sometimes another victim in these scams. In romance scams, the scammers often use the photos of actual people and in some cases even impersonate that person. This could lead not only to unnecessary grief for the person being impersonated, but it also has serious safety implications as well.

    A woman from the Scottsdale area of Arizona found herself in the middle of one of these scams. She suddenly started receiving emails at her business, before receiving phone calls at home about a man who was allegedly threatening to show up at her home or business. The man claimed that they had been dating online for months and that he flew from New York to see her. A romance scammer had tricked the man using the woman’s identity into thinking he was in a relationship. It’s believed that the man had given the scammer a substantial amount of money. According to reports, the scammers cut off communication with the man once he landed in Arizona.

    According to the Scottsdale woman, the New York man had trouble accepting that he had been scammed and directed his anger toward her. She claims the man has been leaving voice messages on her phone from multiple phone numbers. She has no idea what the man even looks like.

    Since the woman is a business owner who deals in social media, she has a large social media presence. This allowed the scammers to essentially copy her life and use her online identity in their scam.

    To better protect yourself from not only being in this side of a romance scam, but from other scams as well, it’s best to change your social media profiles to private or friends only. While it’s not a guarantee your online photos won’t be used in a scam, It does help in discouraging scammers from doing so.

     

  • Geebo 9:00 am on February 15, 2022 Permalink | Reply
    Tags: , romance scam, , , sugar momma scam   

    BBB warns of the Sugar Daddy romance scam 

    BBB warns of the Sugar Daddy romance scam

    By Greg Collier

    While approaching Valentine’s Day, we posted a couple of stories about government and consumer protection agencies warning about the typical romance scam. That’s where scammers will pose as a prospective romantic partner and foster a phony online relationship with their victim. Eventually, the scammer will start asking the victim for money disguised as some kind of emergency request. Although Valentine’s Day has now passed, that doesn’t mean that romance scams magically disappear. And that also doesn’t necessarily mean that a romance scammer will ask you for money. In what can somewhat be described as a reverse romance scam, the scammers are giving their victims money, or so the victims thought.

    The Better Business Bureau is warning about a disturbing scam that we’ve seen emerge over the past year or so. The scam is kn own as the sugar daddy or sugar momma scam. In this scam, the scammer starts up an online relationship with their victim before offering the victim money to be their sugar baby. The scammer promises the victim a monthly allowance if the victim just promises to exchange pleasant messages with the scammer. If the victim agrees, they’ll be sent either a check or an electronic transfer to their bank account as payment. But of course, there’s a catch. The scammer will ask the victim to use some of their allowance to do an errand for them, such as giving money to a needy friend or pay a bill for them. After the money is withdrawn from the bank and used for the errand, the bank finds out that the payment was fake, and the victim will be responsible for the overdrawn amount and associated fees. Some victims have reported losing thousands of dollars.

    What’s even more disturbing about this scam is that the scammers will often target minors. In that case, it’s almost akin to being groomed by an online predator. While many adults have the life experience to recognize this scam for what it is, most minors do not. They could easily fall for the slick promises of free money from a scammer. This scam could potentially ruin their credit before they’re even old enough to use it. If you have any minors in your family who may be vulnerable to this scam, you may want to have a talk with them about strangers who promise them money. Any stranger who promises a minor money, especially if they tell kids to not tell their parents, they have no good intention in mind.

     

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