A lot of scam complaints against money scams have been posted this year by users of BigScammers.Com. A lot of these scam complaints also involved online dating scams. This shows that criminal syndicates that operate these online scams are constantly devising new tactics and combining different fraudulent schemes to victimize as many users as possible.
In the USA, a 30% growth in online monthly scam incidents was reported this year by many cyber security groups and online privacy experts. That spells out 800 monthly Web crimes on average during the first half of this year compared to the over 600 monthly online scam cases last year. Many of these Internet fraud cases involved online dating scams.
- What Are Online Dating Scams?
The Federal Bureau of Investigation (FBI) began to warn American users of popular dating sites and apps about Internet dating scams. This is after noticing a huge increase in scam cases that involved online dating fraud. This is where criminal syndicates search for unsuspecting users in these popular dating sites and apps, posing as legitimate users looking for their ideal dates.
They bait their intended victims by creating fake profiles with enticing details. They try to match their fake profiles to the ideal dates of their target victims. To reel in these unsuspecting users into their online dating scams, these fraudsters send out private messages to their targets in these online dating platforms.
These scammers then try to build rapport with their victims. They then move in for the kill once these users feel comfortable talking to these fraudsters. Many of them trick their victims to unknowingly participate in money scams.
- What Are Money Scams?
The most prevalent money scam this year, according to instant fraud alerts from BigScammers.Com among other online communities, is check cashing fraud. This is where criminal syndicates send out fake checks to victims of their online dating scams.
They convince these unsuspecting users to receive checks on their behalf. They then trick users into cashing out these checks and sending the money to them through cash-only remittance centers and money transmitters. To entice more users, they offer shares from the money that they cash out from these checks.
Of course, these victims end up with ruined credit scores and large debts. That’s after their bank informs them that they just tried to cash out fake checks. The overdraft features of many bank accounts today enable users to get cash from checks even if these checks have not been cleared by their banks. In other instances as indicated by the latest complaints posted in BigScammers.Com against online dating scams, some users end up wrongfully accused of criminal activities.
Another type of money fraud is called money flipping. This is where scammers convince victims of their online dating scams to invest in a fake money-making opportunity.
They tell their victims that they have contacts at big financial institutions who can easily add one zero to the value of their investments, and that their victims can start by investing even $100. For example, they tell these unsuspecting users that if they invest $100, then this can be flipped and converted into $1,000. To make this fake opportunity believable, these scammers tell their victims that they will of course take a cut from their earnings.
To invest in this fake opportunity, these fraudsters tell their victims to purchase prepaid debit cards, gift cards or money packs. They then ask them to send the details of these cards and money packs so their contacts can process their investments. Of course, as soon as they do this, these scammers will simply run away with their money and disappear from the face of the Internet.
That’s how online dating scams are now used to commit money fraud. To be informed about the newest tactics and schemes that these criminals use for their online scams, simply sign up at BigScammers.Com to receive instant fraud alerts. These are automatically sent out via email whenever a user posts a scam complaint in this online community. Share this with your family and friends, so they can also get a significant advantage when it comes to quickly spotting scams and avoiding them.