Daily News

Freedom Credit Union Warns of Online Sweetheart Scams

SPRINGFIELD Freedom Credit Union (FCU), headquartered in Springfield and serving members in the four counties of western Massachusetts and Hartford and Tolland counties in Connecticut, is warning the public of emerging sweetheart scams.

According to data from the Federal Trade Commission’s Consumer Sentinel Network, more than $200 million was reported lost last year by 20,000 individuals falling victim to online schemers. In comparison, 8,500 people filed claims of $33 million in losses in 2015.

Sweetheart scammers, also commonly referred to as romance scammers or catfishers, prey on individuals looking for love or companionship online. By creating phony online profiles and backgrounds, these individuals forge relationships by gaining trust and then seeking monetary gain. Often, an emergency will be fabricated; creating a storyline and opportunity to request money from the unsuspecting victim.

“Internet dating sites have become increasingly popular, especially during the early spring months, with people spending more time inside and with more free time,” explained FCU President Glenn Welch. “With so much at stake, we want to raise awareness to protect members of our community from falling prey.”

Welch offered the following signs of a potential scam. The individual:

  • Professes love or affection quickly;
  • Asks to move the conversation off the chat or dating website;
  • Requests money or gifts to handle an emergency medical bill or travel expense;
  • Offers to meet in person, but always offers an excuse as to why they must cancel plans.

“It’s never wise to send gifts or money to someone you’ve never met,” warned Welch. “While it’s possible that online relationships can develop into real life relationships, it’s best to be cautious of individuals who seem too good to be true, or who ask for gifts of money for situations that seem outlandish.”

Consumers who believe they’ve been a victim of a sweetheart scam can report the incident to the FTC at ftc.gov/complaint. For the latest updates from Freedom Credit Union, visit freedom.coop.

Related Posts