Romance scammers are bilking Americans out of $1.3 billion a year
Wood told me that loneliness is a pretty consistent factor across different types of scams."Psychological validation is a human need and these scammers do a lot of validation," she said. The scammers' tactics keep"people engaged and rewards behavior that is compliant with their requests and punishes behavior that's not. It's terrible but it's effective."
"Anybody can be victimized," Wood said, but added that"psychological vulnerabilities, in particular depression and anxiety, can increase the risk for financial exploitation." On day two, he sent her a screenshot of his crypto portfolio supposedly showing $5.5 million, with $150,000 in daily gains. Ren told Rose he was planning to make a trade and invited her to join him as a"way to get closer to one another."
Though Rose was quickly wise to the scam, others haven't been as fortunate. In February, a woman from Tennessee shared that she had been scammed out of nearlyby a fraudster she met on the dating app Hinge. Nicole Hutchinson, a 24-year-old who, like Rose, had little knowledge of cryptocurrency, was contacted on Hinge with an investment opportunity.
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