Internet Love Scam
As of December 2021
Have fallen prey to scammers
Total amount lost to scammers
Largest amount lost by an individual
WHAT IS AN INTERNET LOVE SCAM?
You are befriended by an attractive person (usually foreign) online and after gaining your trust, they ask you for money as proof of love. He/She will tell a tale about falling into trouble or hard times and ask for a loan from you. Once the money is transferred, the scammer disappears.
In some cases, your online friend may ask you to invest in a company or cryptocurrencies.
He/she may also request that you help them receive or transfer funds on their behalf using your bank account.
Look out for these scam signs
The scammer professes his/her love shortly after making contact with you and goes to great lengths to gain your interest and trust with loving words and offers to send you gifts.
The scammer will give all sorts of excuses when you request for a video call.
The scammer will share sudden stories of misfortune to gain your sympathy and requests money to help them out.
The scammer may send you parcels containing gifts like luxury goods or even cash to gain your trust.
How to stay safe
Always ask, check and confirm before you invest.
Money laundering is a serious offence. Offenders may be fined up to $500,000 and imprisoned for 10 years. You should note that you are responsible for all the transactions carried out on your account.
Internet Love Scam: Real Stories
19 Mar 2023 | Internet Love Scam
Online friend turned out to be a scammer
Request to befriend user @alex_wong810 on Instagram and ask for his WhatsApp number, which is +1 (418) 210-3506. He claimed to be a 45-year-old petroleum engineer from Hong Kong working in Atlanta, Georgia,…...
11 Mar 2023 | Internet Love Scam
I lost $23k to an Investment scam after knowing a friend online
In February 2023, I met a man named Lin Yang on the dating app CMB. He claimed to be Taiwanese and the owner of an architecture firm. We conversed in Mandarin and eventually moved to WhatsApp. Within…...
03 Mar 2023 | Internet Love Scam
Online friend tried to convince me to invest
I met a guy on OKC who introduced himself as an employee at Garena. At first, he seemed nice, sharing pictures of what he ate and did, but he never showed his face. He called me daily to chat and eventually…...
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