Cupid’s arrows aren’t the only thing flying around this Valentine’s season—scammers are aiming for your wallet. Online romance fraud is booming, with losses topping $1.14 billion in 2023. These fraudsters craft perfect profiles, whisper sweet nothings, and then hit you with urgent pleas for cash—gift cards, crypto, wire transfers, you name it. Once you send money, it’s gone for good.
Why February?
Love is in the air—and so are scams. Fraudsters know emotions run high this month. They pose as dream partners, build trust fast, and then stage emergencies: stranded abroad, sudden bills, or “just one little favor.”
Investment Twist
Some scammers add a “get-rich-together” angle, luring victims into fake investment platforms. You’ll see phantom profits—until they vanish, along with your funds.
Proceed with Caution
Take these smart steps to stay ahead:
- Avoid anyone dodging video calls or in-person meetings.
- Never send money, gift cards, or crypto to someone you haven’t met face-to-face.
- Beware of whirlwind declarations of love or pressure to act fast.
- Watch for isolation tactics—keeping you away from friends and family.
Protect Yourself
- Verify identities with reverse-image searches and story checks.
- Keep chats on secure platforms; never share financial info.
- Talk to a trusted friend if something feels off.
- Cut contact and save all messages if you suspect fraud.