Local cases highlight financial, emotional toll of romance scams: 6 things to know

The Federal Trade Commission reported the money lost by U.S. romance scam victims in 2022 was about $1.3 billion. STAFF

Credit: Shutterstock

Credit: Shutterstock

The Federal Trade Commission reported the money lost by U.S. romance scam victims in 2022 was about $1.3 billion. STAFF

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With Valentine’s Day approaching, Dayton Daily News reporter Nick Blizzard investigated “romance scams,” wherein a fraudster will trick people online into thinking they are forming a romantic relationship then claim they need financial help and extort the victims for money.

Here are some key elements from that investigation:

1. Why we did this: When a Fairfield man was charged in December with involvement in romance scams totaling more than $1 million, we wondered just how big of a racket such scams are and how many people in our region are impacted.

2. What we found: Romance scams are a huge problem, costing Ohioans tens of millions of dollars a year and costing Americans more than $1 billion.

- Blizzard analyzed reports to the Ohio Attorney General and found dozens of local examples of alleged romance scams reported from the southwest Ohio region in recent years, costing victims an average of $15,000 each.

The Federal Trade Commission reported that in 2022 romance scammers cost nearly 70,000 consumers $1.3 billion. STAFF

Credit: STAFF

icon to expand image

Credit: STAFF

3. The real cost: Beyond the considerable financial losses is the betrayal of trust. These people thought they were in love, and not only had their money stolen but also their hearts broken.

4. Outlandish claims: Court records, state reports and interviews reveal that victims are reeled in with fascinating tales. Fraudsters claim they have gold bars inherited from a father in Australia, are trapped in an Italian prison, are in the military serving overseas — in all cases they urgently need cash, often in untraceable forms such as gift cards.

5. The victims: One Greene County woman says her senior citizen mother gave away her entire inheritance to people she met online.

- “All I know is my mom … went through $150,000 that her father left her when he passed away,” she said. “Between all the troubles she had with the banks, she’s to the point now where no bank will open an account with her for her anywhere. She’s been blackballed.”

6. Rarely reported: Law enforcement officials and advocates for the elderly say the actual cost of such scams is likely much higher since they are often unreported. At the bottom of our story are tips on avoiding romance scams.

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