Last Updated on July 7, 2023
Romance scams can devastate their victims, leaving them feeling embarrassed and often financially destitute. It is a horrific experience to have someone use such an intimate connection against you in pursuit of your hard-earned money and valuables. But how long do these elaborate schemes typically last? Are they always ‘one-and-done situations, or can the victim continue being extorted indefinitely? In this blog post, we will explore how long these scams are typically active and the different types to watch out for.
Types of Romance Scams
1. Catfishing Scams – This type of scam sees the fraudster pretending to be someone else. They use fake pictures and information to trick their target into thinking they are someone they are not. The scammer will then establish a relationship with the victim and use their fake identity to gain their trust. In some cases, they may set up a phony profile using a real person’s information, which can be more challenging to detect.
2. Sextortion Scams – This type of scam involves the scammer posing as a love interest and encouraging the victim to share nude photos or videos. They will then use these materials to threaten the victim and extort money from them. Be cautious when sharing private information or intimate photos with someone online, as they may use it for malicious purposes.
3. Money Laundering Scams – This type of scam sees fraudsters using their love interests to launder their ill-gotten gains. They will usually tell the victim different stories, like that they have a lot of money that is “locked up” in a foreign bank account and need someone who can help them move it. The fraudster may use the victim’s bank account to transfer the money around, making the victim unwittingly involved in money laundering.
How to Spot a Romance Scammer
According to the Federal Trade Commission, Americans lost $201 million to romance scams in 2019 alone. So, how can you spot a romance scammer? Look out for these red flags and tactics listed below.
· One common tactic of romance scammers is to move the relationship forward unusually fast. They may use flattery and compliments to make you feel special and build trust quickly. They might also try to move the conversation off the dating app or platform and onto personal email or text message.
· Another way to spot a romance scammer is through their reluctance to video chat. They might claim to have a poor internet connection or no access to a webcam, but this is often just an excuse to avoid revealing their identity.
· One surefire sign of a romance scam is when someone asks for money. They may come up with a sob story about a sick relative or a financial hardship they desperately need assistance with. They may even offer to pay you back or promise to meet you in person once their financial situation improves.
· Be wary of any profiles that lack specific details, such as hometown, job, or hobbies. A simple Google search or reverse image search can usually reveal whether a profile is legitimate or fake.
· Romance scammers often struggle to keep their lies straight. When asked probing questions, they may forget or contradict the details they previously shared.
If you encounter any of these red flags, we highly recommend reporting the account immediately. To be extra safe, you should also contact your bank if you have shared any credit card info. Here is a little pro tip: it’s a good idea to temporarily freeze Equifax, Transunion, and Experian while the investigation is ongoing.
How Long Do Romance Scams Last?
In most cases, romance scammers target vulnerable individuals looking for companionship. They study their victims well and know exactly what they want to hear. Once they gain their trust, they will ask for small things such as groceries, rent, airtime, and medical bills. The scams start small and gradually lead to more significant financial requests.
The duration of the fraud largely depends on how much the victim is willing to give. Some victims will only last a few weeks before realizing that they are being scammed. Others, unfortunately, may fall victim for years as they are manipulated into believing that the relationship is genuine.
Summary:
Romance scammers often struggle to keep their lies straight. They may forget details they previously shared or contradict themselves when asked probing questions. Be cautious when dealing with someone you have met online, and do not trust them blindly. Be wary of people who ask for money or your details. Always conduct a background check, and if possible, meet in person before committing any significant resources to the relationship. Remember to never share personal information with someone you do not know and trust.
If you or someone you know suspects they might be talking with a scammer, do not hesitate to take action. Contact Cyber Investigation today, and let us help you identify and report fraudulent activity. We have the expertise and tools to assist you in protecting your assets, as well as your peace of mind!
