Internet Love Scam
As of December 2021
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
26 Jan 2023 | Internet Love Scam
I received a friend request on Instagram from username jeffrey_1991830, and accepted out of curiosity. This guy introduced himself as Lin Yu, who came from China few months ago and claimed to own a company…...
08 Jan 2023 | Internet Love Scam
Met this guy from cmb and he ask to change to whatsapp and telling you he very sincere to know you. Then will do a video record of him delete cmb app. He will chat and take photo of his food etc, call…...
07 Jan 2023 | Internet Love Scam
Using dating app, Li, he looks real in looking for relationships then after moving our conversation to whatapp chat. After chatting for days, he started to tell what he working as and there where the…...