CFTC-PR-8859-24 (FEB. 7, 2024) Source: https://www.cftc.gov/PressRoom/PressReleases/8859-24 Download: CFTC-PR-8859-24 ⊗ (PDF) PRESS RELEASE | 8859-24 CFTC Customer Advisory Alerts App and Social Media Users to Financial Romance Fraud. Valentine’s Day Brings Romance Investment Scams Back to Forefront. Washington, D.C. — The Commodity Futures Trading Commission’s Office of Customer Education and Outreach (OCEO) today issued a customer advisory alerting […]
Category: ROMANCE SCAMS
Romance Scams are a deceptive tactic employed by individuals who create fake online personas to establish romantic relationships with unsuspecting individuals, often through dating websites or social media platforms. These scammers invest time in cultivating a sense of trust and emotional connection with their victims before exploiting them for financial gain. Once trust is established, they often fabricate elaborate stories to evoke sympathy and manipulate their victims into sending money or providing personal information. These scams can have devastating financial and emotional consequences for the victims, leaving them financially depleted and emotionally shattered when they realize they have been deceived.
CFTC-PR-8850-24 (JAN. 19, 2024) Source: https://www.cftc.gov/PressRoom/PressReleases/8850-24 Download: CFTC-PR-8850-24 ⊗ (PDF) PRESS RELEASE | 8850-24 CFTC Charges Bogus Digital Asset Platform with Fraud and Misappropriation in an Online Romance Scam. Five Victims Lost $2.3 Million to Con Targeting Asian Americans. Washington, D.C. — The Commodity Futures Trading Commission today announced it filed a civil enforcement action in the U.S. […]