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fortune.com
· 2026-02-15
# Romance Scams: A $16 Billion Crisis
Romance scams have cost victims billions of dollars by exploiting emotional connections and trust. Scammers typically pose as romantic interests or trusted acquaintances, gradually building relationships before requesting money or accessing bank accounts under false pretenses—such as Kate Kleinert losing her life savings after being manipulated through a fake friendship, and Beth Hyland nearly transferring large sums after believing she was helping a romantic interest. To protect yourself, be suspicious of online relationships that quickly become intimate, never share banking credentials with anyone, verify claims through independent channels, and remember that scammers often use emotional manipulation and urgency to override your judgment.
ncdoj.gov
· 2026-02-15
Sweetheart scammers use fake profiles on dating sites and social media platforms like Tinder, Facebook, and Match to build trust with victims before asking for money or personal information. Anyone looking for romance or friendship online should verify identities, avoid sharing personal data with strangers, and be suspicious if someone requests money for emergencies or cryptocurrency investments. If you suspect you've been scammed, contact your state's attorney general office.
nbclosangeles.com
· 2026-02-15
Scammers are increasingly using AI-generated images, videos, and voice messages to create fake romantic connections on dating apps and social media, then convincing victims to send money or invest in fake cryptocurrency schemes—with one Orange County woman losing nearly $100,000. These "romance scams" and "pig butchering" schemes have stolen billions of dollars by exploiting people's desire for connection, especially around Valentine's Day. To protect yourself, be wary of unsolicited romantic contacts, especially those quickly escalating to requests for money or cryptocurrency investments, and verify new connections through video calls or in-person meetings before sharing any financial information.
nationaltoday.com
· 2026-02-15
Americans are losing billions of dollars to sophisticated romance and investment scams that primarily target elderly people over 60, with victims like Kate Kleinert, Beth Hyland, and Jackie Crenshaw losing their life savings after scammers build trust through thousands of messages and deepfaked video calls before exploiting them financially. The FBI logged $16.6 billion in total fraud losses in 2024—a 33% increase from the previous year—with crypto-related fraud jumping 66%, yet the actual toll is likely much higher due to underreporting caused by victim shame and disbelief. To protect yourself, be skeptical of unsolicited romantic advances online, avoid sharing personal financial information or making investments based on pressure from people you've only met digitally, and report suspected scams to authorities rather than hiding them out of embarrassment.
vox.com
· 2026-02-15
Romance scams cost Americans $3 billion last year and are becoming increasingly prevalent, with AI now enabling scammers to run multiple schemes simultaneously by removing language barriers and providing ready-made fake personas and conversation scripts. These "pig-butchering" scams involve fraudsters building trust with victims over time before extracting money, and criminals can now purchase complete scam toolkits on the dark web with AI-generated photos, deepfake videos, and automated translation tools. To protect yourself, be cautious of online romantic interests who quickly ask for money, verify identities through video calls, and report suspicious activity to authorities rather than sending funds to anyone you haven't met in person.
durhamregion.com
· 2026-02-15
"Pig butchering" is a sophisticated romance scam targeting Canadians where fraudsters build fake romantic relationships over weeks or months before convincing victims to invest money in fraudulent cryptocurrency schemes. Scammers use AI chatbots, deepfakes, and fake investment returns to gain trust, allowing victims to cash out small profits before requesting larger investments—at which point they disappear with the money. To protect yourself, be wary of romantic connections that quickly turn to investment opportunities, especially cryptocurrency, and never send money to people you haven't met in person.
fxdailyreport.com
· 2026-02-15
# Romance Scams in Crypto
The U.S. SEC has warned of a growing trend of "romance scams" or "pig butchering" schemes where fraudsters pose as romantic interests or financial advisors through online messages to build trust with victims before pressuring them to invest in cryptocurrency and Initial Coin Offerings (ICOs). These sophisticated, long-term cons exploit emotional connections to extract significant sums of money from unsuspecting people. To protect yourself, be cautious of unsolicited contact from strangers offering investment opportunities, verify the legitimacy of anyone offering financial advice, and remember that legitimate financial advisors won't develop romantic relationships with clients to build trust.
sfstandard.com
· 2026-02-14
Romance scams in the Bay Area have exploded in 2025, with AI making these schemes faster and harder to detect—Northern California saw losses more than double to $43.3 million, with San Francisco alone experiencing a nearly 900% increase to $6.34 million. Scammers, often operating overseas, use dating apps, social media, and text messages to build trust with lonely or vulnerable victims before draining their savings in schemes known as "pig butchering." The FBI advises people to be cautious about online relationships, verify identities, and check for inconsistencies before sharing personal or financial information, especially with someone you've only met online.
finance.yahoo.com
· 2026-02-14
# Crypto Scams Costing Americans Millions
Americans are losing billions to rapidly growing crypto fraud schemes, with the Federal Trade Commission reporting significant losses last year from fake investment platforms and AI-generated impersonations. Two major scams include "pig butchering," where fraudsters build trust through dating apps or social media before convincing victims to invest in fake crypto opportunities and then disappearing with their money, and deepfake scams, where AI-generated videos impersonate celebrities and CEOs to promote fraudulent investments on social media platforms. To protect yourself, be wary of unsolicited investment pitches from online contacts, verify celebrity endorsements through official channels, and never invest based on video ads or messages from people you haven't met in person.
insidehalton.com
· 2026-02-14
"Pig butchering" is an increasingly common romance scam targeting Canadians where fraudsters build trust with victims over weeks or months through dating apps and social media before convincing them to invest money in fake cryptocurrency opportunities. Scammers use sophisticated tactics like AI chatbots, deepfakes, and fake investment returns to make the schemes appear legitimate, eventually disappearing with victims' money once larger sums are invested. To protect yourself, be cautious of romantic connections that quickly turn to investment advice, verify investment opportunities independently, and never send money to online contacts you haven't met in person.
kjct8.com
· 2026-02-14
Romance scammers are increasingly using artificial intelligence and coordinated networks to target people seeking love, especially around Valentine's Day and other holidays, often posing as potential partners before requesting money for cryptocurrency investments or other schemes. The scams are becoming harder to detect, with tactics including excessive emotional displays ("love bombing"), avoidance of in-person meetings, and targeting of older adults through dating apps and encrypted messaging platforms. To protect yourself, watch for red flags like reluctance to meet in person or appear on camera, and be skeptical of anyone pressuring you to send money or invest in cryptocurrency.
securitymagazine.com
· 2026-02-14
# Valentine's Day Romance Scam Summary
Over 630,000 organized cybercriminals are running industrial-scale romance scams targeting millions of Americans on dating apps, with U.S. losses exceeding $1.3 billion annually and individual victims losing an average of $10,000 to $50,000 (often their entire life savings). Unlike the small-time catfishers of the past, these are professional operations with shift workers, quotas, and specialized roles that use fake personas, cryptocurrency exchanges, and VPNs to launder stolen money. To protect yourself, be cautious of anyone you meet online who quickly professes affection, asks for money or financial information, or avoids video calls—and report suspected scams to the FTC and your dating app platform.
aol.com
· 2026-02-14
# Scams Targeting Older Adults
Elder fraud is a growing problem, with individuals aged 60 and over losing $3.4 billion in 2023—an 11% increase from the previous year—with an average loss of $33,915 per victim. The most common scams targeting older adults include tech support scams (fake calls claiming to be from Microsoft or Apple), personal data breaches, romance scams, and investment fraud, with scammers typically initiating contact through calls, emails, or texts before requesting money or access to devices. To protect yourself, be skeptical of unsolicited contact from companies or strangers, never give remote access to your devices or personal information to callers you didn't initiate contact with, verify any claims by contacting companies directly using official phone numbers, and report suspicious activity to the FBI or local authorities.
bendsource.com
· 2026-02-14
# Romance Scam Summary
Romance scams have become increasingly prevalent and costly, with victims reporting $12.5 billion in investment-related fraud losses in 2024—triple the amount from three years prior. Scammers typically pose as attractive, successful individuals on dating apps and social media, using fake profiles and AI-generated content to build trust before pressuring victims into fake investments or requesting money directly. To protect yourself, watch for red flags like unsolicited contact, pressure to invest quickly, promises of easy money, or any request for financial information, and verify any investment opportunities through official regulatory websites before proceeding.
thehill.com
· 2026-02-13
# Romance Scams Spike Ahead of Valentine's Day
The FBI is warning of a sharp rise in romance scams as people increasingly use dating apps and social media to find love, with scammers creating fake profiles to manipulate victims into sending money or personal information—sometimes using AI-generated photos and videos to appear more convincing. A particularly dangerous variant called "pig butchering" lures victims into fraudulent cryptocurrency trading schemes that can result in substantial financial losses, with romance scams costing Americans an estimated $10 billion annually. To protect yourself, the FBI advises maintaining healthy skepticism when meeting people online, being especially wary of anyone who quickly claims to have lucrative investment opportunities, and never sending money or sharing sensitive information with people you haven't met in person.
koco.com
· 2026-02-13
# Romance Scams Powered by AI Are Costing Americans Hundreds of Millions
Americans lost over $672 million to romance scams in 2024, with artificial intelligence making scammers increasingly difficult to detect—one in four Americans has encountered a fake profile or AI chatbot, and one in seven has lost money to these schemes. Scammers use AI to create convincing personas by studying victims' social media posts, then gradually build trust through mirroring interests and offering sympathy over days or weeks. To protect yourself, be skeptical of online dating connections that seem too perfectly matched to your interests, avoid sending money to people you've only met online, and watch for red flags like requests for personal information or financial help early in the relationship.
audacy.com
· 2026-02-13
Federal authorities in Buffalo are warning of a rising romance investment scam where fraudsters build trust with victims online and then lure them into fake investment or cryptocurrency platforms, often showing fake statements of unrealistic returns and even sending back small withdrawals to build credibility before requesting larger sums. The scam represents an evolution of traditional romance fraud, making victims more likely to invest substantial amounts of money. People should be cautious about online relationships that quickly pivot to investment opportunities, verify investment platforms independently, and never send money to romantic interests they haven't met in person.
itweb.co.za
· 2026-02-13
South African dating app users are being warned about a surge in sophisticated "pig butchering" scams—where fraudsters use AI-generated deepfakes and fake identities to build trust with victims before stealing their money, often in cryptocurrency schemes. A recent Interpol operation across Africa resulted in 260 arrests and exposed how these criminal networks target middle-aged and recently divorced individuals on platforms like Tinder and Hinge, with about 80% of identity scams now using deepfake technology. To protect yourself, be cautious of anyone pushing you to move conversations off dating apps to encrypted platforms, verify video calls carefully, and avoid any requests for money or investment opportunities from people you've only met online.
decrypt.co
· 2026-02-13
U.S. prosecutors are warning about a surge in romance scams timed around Valentine's Day, where scammers build fake emotional relationships over weeks or months before luring victims into fake cryptocurrency investment schemes. These "pig butchering" scams exploit emotional trust to manipulate victims into sending money via crypto, gift cards, or wire transfers, with red flags including requests to move conversations to messaging apps like WhatsApp, declarations of love, refusal to meet in person, and pressure to invest. To protect yourself, be skeptical of strangers offering investment advice, watch for signs of emotional manipulation, and never send money via untraceable payment methods to people you haven't met in person.
youhodler.com
· 2026-02-13
I appreciate your request, but the text you provided doesn't actually contain an article about fraud or scams—it only shows a cookie consent notice from a website called YouHodler. To provide an accurate 2-3 sentence summary with details about what happened, who was affected, and actionable advice, I would need the actual article content. Could you please share the full article text?
fingerlakesdailynews.com
· 2026-02-13
# Romance and Investment Scams on the Rise
Federal law enforcement agencies in Western New York are warning the public about a sharp increase in sophisticated romance scams, where fraudsters build fake relationships on dating apps and social media before convincing victims to invest money in fake cryptocurrency or trading schemes. Victims of all ages—including professionals, seniors, and younger adults—have lost thousands of dollars and suffered significant emotional trauma, with scammers using tactics like "pig-butchering" where they shower victims with affection before disappearing with their money. Authorities advise people to be extremely cautious about what they share online, never send money to online contacts regardless of how trustworthy they seem, and trust their instincts if something feels off.
blogs.lse.ac.uk
· 2026-02-13
An estimated 220,000 people are trapped in "scam compounds" across Cambodia and Myanmar, where they are held captive and forced to conduct online fraud targeting people worldwide. These industrialized operations are not hidden criminal enterprises but are openly embedded within legitimate business infrastructure, protected by government officials, and sustained by global financial systems. To protect yourself, be cautious of unsolicited job offers from acquaintances (especially those promising high pay abroad), verify employment opportunities through official channels, and report suspicious online activity to authorities.
cobbcountycourier.com
· 2026-02-13
# Online Romance Scams Target Millions of Americans
Online romance scams are defrauding millions of Americans, with an estimated 11 million people targeted by scammers who pose as romantic partners to steal money or encourage risky cryptocurrency investments, particularly affecting adults ages 50-64. The FBI and local law enforcement have begun cracking down on these schemes, including prosecuting a Marietta man who used fake identities to defraud multiple victims. To protect yourself, be cautious about online romantic connections asking for money or investment opportunities, verify the identity of online contacts through video calls, and report suspicious activity to the FBI's Internet Crime Complaint Center.
wamc.org
· 2026-02-13
# Fraud Prevention Summary
Millions of Americans fall victim to fraud each year, with elderly citizens particularly vulnerable to scams including romance schemes, tech support fraud, grandparent scams, and government impersonation plots. New York State Police Investigator Kurt Strassberger highlighted that common fraud tactics also include money mule schemes, cryptocurrency investment fraud, and business email compromise attacks. To protect yourself, be cautious of unsolicited contact offering financial opportunities or tech support, verify requests through official channels before sharing personal information, and report suspicious activity to local law enforcement or the FBI.
finance.yahoo.com
· 2026-02-12
# Romance Scams on Dating Apps and Social Media
Scammers are increasingly targeting people through dating apps and social media by building fake relationships and manipulating victims into sending money for fabricated emergencies, travel, or investment opportunities—often using realistic AI-generated photos and videos. The Federal Trade Commission reported $12.5 billion in losses from investment-related scams in 2024, with romance scams ranking among the most serious threats nationwide, affecting people of all ages and backgrounds. To protect yourself, be wary of online contacts who rush relationships, request money for emergencies, lack a verifiable digital presence, and consider using reverse image searches to verify profiles before sharing personal or financial information.
scworld.com
· 2026-02-12
A fugitive cryptocurrency fraudster has been sentenced to 20 years in prison for his role in a "pig butchering" scam that stole over $73 million from American victims—schemes where criminals build fake online relationships before tricking people into fraudulent investments. The 42-year-old defendant and his co-conspirators operated from Cambodia, laundering stolen funds through shell companies and cryptocurrency platforms like Tether. To protect yourself, be extremely cautious of unsolicited investment opportunities online, especially those involving cryptocurrency, and verify the legitimacy of investment contacts through official channels before sending any money.
infosecurity-magazine.com
· 2026-02-12
A Chinese national named Daren Li was sentenced to 20 years in prison for orchestrating a $73.6 million cryptocurrency investment fraud scheme that defrauded thousands of victims globally. The scam used multiple tactics including romance baiting (building fake relationships on social media and dating apps) and fake tech support calls to trick victims into depositing money into fraudulent crypto trading platforms. To protect yourself, be cautious of unsolicited contact from strangers online asking you to invest in cryptocurrency, verify the legitimacy of websites before entering financial information, and remember that legitimate companies will never pressure you to wire money to fix computer problems.
pintu.co.id
· 2026-02-12
A 42-year-old man was sentenced to 20 years in prison by a US federal court for orchestrating a cryptocurrency investment scam that defrauded investors of approximately $73 million. Daren Li, a dual citizen of China and Saint Kitts and Nevis, was convicted in absentia after removing an electronic monitoring device and fleeing. The case highlights the serious risks in cryptocurrency investments and the commitment of US law enforcement to prosecute large-scale fraud, serving as a reminder for investors to be cautious about crypto investment opportunities and to verify the legitimacy of platforms and operators before committing funds.
natlawreview.com
· 2026-02-12
The U.S. government seized nearly $15 billion worth of Bitcoin from the Prince Group in October 2025 as part of a fraud investigation, but the cryptocurrency's value has since plummeted to around $9 billion, resulting in a $6 billion loss in potential value. The Bitcoin seizure is tied to charges against Cambodia-based businessman Chen Zhi, who allegedly operated elaborate "pig butchering" investment scams that defrauded victims worldwide of billions of dollars through fake cryptocurrency schemes. Victims of the fraud are waiting for the outcome of ongoing legal proceedings while the government holds the seized assets, which continue to fluctuate in value with the volatile cryptocurrency market.
nationaltoday.com
· 2026-02-12
The U.S. government seized approximately $15 billion in Bitcoin from the Prince Group in October 2025 as part of a major fraud case involving "pig butchering" cryptocurrency scams that victimized people worldwide, but the assets have lost about $6 billion in value due to Bitcoin's price decline while remaining frozen during ongoing legal proceedings. Victims are concerned about recovering their money as the case drags on, since market volatility and slow litigation could further erode the frozen assets. This case highlights the risks victims face when authorities seize digital assets—while asset forfeiture is a legitimate law enforcement tool, the lengthy legal process and cryptocurrency price swings leave fraud victims uncertain and potentially unable to recover their full losses.
law360.com
· 2026-02-11
A fugitive was sentenced to 20 years in prison for running a "pig butchering" cryptocurrency scam that defrauded victims of $73 million. This type of scam typically involves fraudsters building trust with victims over time before convincing them to invest in fake cryptocurrency schemes. To protect yourself, be cautious of unsolicited investment offers, especially those involving cryptocurrency, and verify any investment opportunity through official channels before sending money.
yahoo.com
· 2026-02-11
A fugitive Chinese-Kittsian national named Daren Li was sentenced to 20 years in prison for orchestrating a $73 million cryptocurrency scam that defrauded American victims through fake investment schemes operated from Cambodia. Li and his co-conspirators used social media, dating apps, and phone calls to build trust with victims before tricking them into sending money to fraudulent crypto platforms or by impersonating tech support. To protect yourself, be wary of unsolicited investment opportunities and romantic connections from online strangers, verify any tech support requests directly with companies, and never send money or personal information to unknown parties offering financial opportunities.
yahoo.com
· 2026-02-11
A U.S. court sentenced crypto scam organizer Daren Li to 20 years in prison for orchestrating a $73 million global fraud scheme that targeted American victims through social media and fake dating apps, though he fled electronic monitoring in December and remains at large. The scam, known as "pig butchering," used fake relationships and counterfeit crypto platforms to trick victims into sending money, with criminals exploiting cryptocurrency's ability to quickly move and hide stolen funds. To protect yourself, be wary of unsolicited investment offers online, especially from people building romantic or trust-based relationships, and verify that crypto platforms are legitimate before depositing any money.
therecord.media
· 2026-02-11
A Chinese cryptocurrency scammer named Daren Li was sentenced to 20 years in prison by a U.S. federal court for laundering $73.6 million stolen from Americans through "pig butchering" romance and investment scams orchestrated from Cambodia, though he fled the country by cutting off his ankle monitor before the sentencing could be carried out in person. The scam operation involved criminals posing as romantic interests or investment advisors to trick victims into sending money that was then funneled through shell companies. To protect yourself, be extremely cautious of unsolicited romantic connections online or unsolicited investment opportunities, especially from people you've never met in person, and verify any investment opportunities through official channels before sending money.
yellow.com
· 2026-02-11
A federal judge sentenced Daren Li, a 42-year-old fugitive, to 20 years in prison for orchestrating a $73 million cryptocurrency fraud scheme that targeted American victims through Cambodia-based scam operations. The scammers used social engineering tactics—including romance fraud, fake investment platforms, and impersonation—to deceive victims into sending money through spoofed cryptocurrency websites and shell companies. To protect yourself, be wary of unsolicited investment opportunities or romantic connections online, verify the legitimacy of trading platforms directly through official websites, and never send money to fix computer problems you didn't request.
theintermountain.com
· 2026-02-11
AARP West Virginia is urging state lawmakers to pass legislation protecting consumers from growing cryptocurrency and real estate scams that are increasingly targeting vulnerable populations, particularly older residents. Criminals are exploiting unregulated cryptocurrency kiosks—machines resembling ATMs found in stores and gas stations—to trick people into transferring funds through non-refundable transactions with hidden fees. To protect yourself, be cautious of unfamiliar money transfer machines in public places, verify the legitimacy of any investment opportunity, and consult trusted sources before sending money, especially to unfamiliar parties.
sciencealert.com
· 2026-02-11
# Romance Scams: What You Need to Know
Romance scams are a rapidly growing form of cybercrime that targets people emotionally through fake online relationships before stealing their money. Recently, Australian police warned over 5,000 people they may have been victims of large-scale romance scams where criminals used dating apps to build trust and convince victims to invest in fake cryptocurrency. To protect yourself, be cautious of profiles that seem unusually credible, avoid moving conversations off dating apps to private messaging platforms, and be skeptical if someone you've just met online asks for money—especially for investments or emergencies.
abc11.com
· 2026-02-11
# Romance Scams Surge Ahead of Valentine's Day
Romance scammers are increasingly targeting people searching for love online, using AI technology to create highly personalized messages and building trust over months or even years before requesting money disguised as emergencies or investments. People should be wary of online matches who avoid meeting in person, claim to be overseas or military-based, rush emotional commitments, or ask for money for any reason. The safest approach is to never send money to someone you've only met online, and to verify identities through video calls before developing deeper relationships.
theconversation.com
· 2026-02-11
# Romance Scam Summary
Romance scammers are targeting thousands of people on dating apps, using AI-generated fake profiles and manufactured intimacy to trick victims into sending money or buying fake cryptocurrency. Australian police recently warned over 5,000 people they may have been victims of this scheme, which uses psychological manipulation—moving conversations off dating apps to private platforms, building false trust, then requesting money. To protect yourself, be skeptical of quick professions of love, verify identities through video calls, avoid moving conversations to private messaging apps, and never send money to online romantic interests you haven't met in person.
kgw.com
· 2026-02-10
A Hood River grandmother lost her $100,000 inheritance after scammers impersonated her financial planner via email and convinced her to send a cashier's check under the guise of a bitcoin investment opportunity. The con artists posed as her trusted advisor of 20 years and even requested additional funds for fees and travel, which prompted her to contact her real planner and discover the fraud. To protect yourself, verify any unusual financial requests by calling your advisor directly using a phone number you know is legitimate, and be especially wary of unsolicited investment suggestions involving cryptocurrency or bitcoin.
bleepingcomputer.com
· 2026-02-10
A major international cryptocurrency scam called "pig butchering" defrauded victims of over $73 million, resulting in a 20-year prison sentence for one of its operators, Daren Li, who fled before sentencing. In these scams, criminals build trust with victims through dating apps and social media before tricking them into fake investment schemes and stealing their cryptocurrency. To protect yourself, be cautious of unsolicited investment offers from people you've met online, never send money to unknown individuals regardless of promised returns, and verify investment opportunities through official channels before participating.
decrypt.co
· 2026-02-10
I appreciate you sharing this, but the article text you've provided appears to be only cryptocurrency price data rather than the actual article content about the crypto scam sentencing. Without the actual article text describing what happened, who was involved, and the details of the fraud scheme, I'm unable to create an accurate summary with the key information you're looking for. Could you please share the full article text so I can provide a helpful summary for a general audience?
tradingview.com
· 2026-02-10
# Crypto Scam Mastermind Sentenced to 20 Years
A cryptocurrency scam ring led by Daren Li stole over $73 million from victims, primarily American investors, using fake trading websites and fraudulent relationships initiated on social media and dating apps to trick people into sending money. Li, who was sentenced to 20 years in federal prison, is currently a fugitive after removing his electronic monitor in December 2025, though authorities say they are working internationally to locate and return him. To protect yourself, be extremely cautious of unsolicited investment offers on social media and dating apps, verify that cryptocurrency platforms are legitimate before depositing funds, and never send money to accounts associated with people you've only met online.
crypto.news
· 2026-02-10
A U.S. court sentenced crypto scam mastermind Daren Li to 20 years in prison for orchestrating a "pig butchering" fraud scheme that stole $73 million from victims through fake investment platforms and deceptive social media relationships, though Li fled the country and remains a fugitive. The scam operated out of overseas call centers that manipulated people into sending money by building fake trust, then laundered proceeds through shell companies and cryptocurrency. To protect yourself, be wary of unsolicited investment offers on social media, verify trading platforms independently, and never send money to unknown contacts—especially those requesting cryptocurrency transfers.
newsweek.com
· 2026-02-10
# Romance Scams Surge Ahead of Valentine's Day
The FBI is warning of a significant increase in romance scams as Valentine's Day approaches, with Virginia alone reporting over $20 million in losses from more than 200 complaints last year, and scammers increasingly using AI-generated photos and videos to create more convincing fake profiles. These scams typically begin on dating apps or social media, where criminals build emotional connections before requesting money for emergencies, travel, investments, or cryptocurrency. To protect yourself, watch for red flags such as quick declarations of love, refusal to video chat, claims of overseas work, pressure for secrecy, and urgent money requests—and report any suspicious activity to the FBI immediately.
theage.com.au
· 2026-02-10
A 23-year-old Australian man lost $23,000—his entire savings plus his brother's money—after falling victim to an elaborate fake job scam, highlighting a broader crisis where scam losses across Australia jumped 5% last year as criminals exploit emails, social media, and phone calls. While new "landmark" scam prevention laws are beginning to roll out from July 2024, they won't fully take effect until 2026 and leave significant gaps by not covering dating apps, cryptocurrency exchanges, and online marketplaces commonly used by scammers. To protect yourself, be cautious about unsolicited job offers, verify employment opportunities directly with companies, never send money upfront, and report suspected scams to authorities immediately.
kucoin.com
· 2026-02-09
Tether, a major cryptocurrency company, froze $543 million in assets belonging to a Turkish man accused of running illegal betting platforms and money laundering, assisting Turkish authorities in their investigation. The suspect, Veysel Sahin, has been on the run since fleeing Turkey in early 2024 after initially being arrested in 2017. For those using cryptocurrency, this case demonstrates that law enforcement can trace and freeze digital assets, and highlights Tether's increasing cooperation with authorities to combat financial crimes including scams and money laundering.
region.com.au
· 2026-02-09
# Romance Scams Cost Australians Millions as Valentine's Day Approaches
Australians lost over $28.6 million to romance scams last year—a 21.8 percent increase—with scammers primarily targeting people through dating apps, social media, and online forums. The Australian Competition and Consumer Commission warns that these criminals use carefully planned tactics to build emotional trust before requesting money or personal information, making romance scams one of the most financially and psychologically damaging crimes in the country. To protect yourself, be cautious about sharing money or personal details with online contacts, especially those you haven't met in person, and report suspicious activity to Scamwatch while discussing these scams with friends and family.
miragenews.com
· 2026-02-09
# Romance Scams Surge Ahead of Valentine's Day
Criminals are increasingly using AI to create fake profiles on dating apps, generating realistic photos, deepfake videos, and even mimicking voices to deceive potential romantic partners into sending money—with some victims losing hundreds of thousands of dollars. Banks warn that AI has made it extremely difficult to spot these scams, as scammers exploit emotions and loneliness with highly sophisticated tools. To protect yourself, trust your instincts if a potential match seems too perfect or something feels off, verify identities before meeting, and never send money to people you haven't met in person.