Romance Scammers: The 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.
According to the Financial Conduct Authority (FCA), people searching for love in the UK lost £106 million to romance fraudsters last year, with cases rising by 9%.
- Scammers target Brits over various schemes, including fine wine and Winter Fuel Payments.
- They also pretend to be the regulator to trick victims.
In one notable case, romance scammers stole £428k from a lonely Brit, highlighting the need for awareness and action to stop these sweet-talking scammers.
Love and friendship is big business for fraudsters who tricked unsuspecting Brits out of more than £100 million last year.
Author's summary: Romance scammers stole over £100 million from Brits last year.
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