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Source : https://toronto.ctvnews.ca/looking-for-love-on-valentine-s-day-canadians-lose-59m-to-romance-scams-1.6273963
The Canadian Anti-Fraud Centre (CAFC) is warning those looking for that special someone on Valentine’s Day to be cautious with online dating.
“Profile pictures in some cases are stolen from models or actors from different countries to make them more appealing to the person they are trying to scam,” said Jeff Horncastle, a communications officer with CAFC.
Canadians lost a total of $530 million to fraud in various schemes, scams and investment swindles in 2022, and CAFC said the number two most reported scam in Canada is the romance scam with 1,056 Canadian victims losing $59 million in 2022.
CAFC estimates only five to ten per cent of romance scams are reported due to embarrassment by victims so the amount of fraud is expected to be far greater.