Scam Alert: Social Media

Scam Alert: Social Media

Monday, February 3, 2020

Scammers Continue to Take Advantage of Lonely Hearts Millions of people, including credit union members, look to online dating or social networking sites to meet someone. But instead of romance, many unknowingly find a scammer. Cyberspace scammers are eager to take advantage of lonely hearts by setting up fake accounts on social media or dating sites to establish fraudulent relationships and get them to send money. In fact, the median loss of romance / sweetheart scams as reported by the Federal Trade Commission FTC is $2,600 and for people over 70 was over $10,000. Details Scammers continue to fake online dating profiles using photos or other people to lure their victims. People reported losing $143 million to romance and sweetheart scams according to the FTC. The scammers strike up a rel...

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