romance scams

Love: A $56 Million Ripoff

Posted on 05/24/2013 by |AARP Blog Author | Comments

Bulletin Today | Money & SavingsThe following is a guest post by Sid Kirchheimer: Love don’t cost a thing?  Not according to the latest findings of the FBI’s Internet Crime Complaint Center. More than 10 percent of total financial losses in online scams reported last year — about $56 million out of the $525 million overall — involved romance ripoffs. The biggest losers, in money and heartbreak: Women 50 and older, who lost $34 million, roughly two of every three dollars in romance scams. Similarly …