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Conmen made $1.3 Billion via romance scams in 5 years, cryptocurrency biggest lure

Shortpedia

Content Team
Image Credit: pixabay

As you watch Netflix's new documentary "The Tinder Swindler", which is about a notorious conman who used the dating app to defraud multiple women, reports of romance scams have hit record highs as people lost a staggering $1.3 billion to romance scams in the last five years. According to the US FTC, the numbers have skyrocketed in recent years, and 2021 was no exception as reported losses hit a record $547 million for the year.