The Rising Threat of Romance Scams Targeting the Elderly in the US

In this day and age, where love can be found with just a swipe or a click, not all connections are as they seem. Romance scams have become increasingly prevalent, particularly targeting vulnerable elderly individuals in the US.?

According to a recent article on the Homeland Security Investigations’ website, older adults in the US reportedly lost approximately $139M in 2020 alone due to romance scams.

These scams are not just a threat to finances but also to emotional well-being, leaving victims devastated both financially and psychologically.

Understanding Romance Scams

Romance scams, also known as confidence fraud, occur when a fraudster creates a fake online identity to gain a victim’s affection and trust. These scammers often pretend to be interested in a romantic relationship, establishing an emotional connection with their target before exploiting this trust for financial gain. The elderly are prime targets due to their potential isolation, loneliness, and less familiarity with online scam tactics.

Reported Examples of Romance Scams

1. The Heartbreaking Case of a North Carolina Widow?

Jennifer Dennis, a 76-year-old widow from Cary, North Carolina, fell victim to a devastating romance scam, losing over $70,000. She formed an online relationship with a man who claimed to be a Red Cross doctor stationed in Yemen. Convinced they would purchase a house together, Dennis wired him her life savings. Upon arriving at the new home, she discovered it was already occupied and realized she had been scammed. Now homeless and heartbroken, Dennis shares her story to raise awareness about romance scams, highlighting red flags such as online-only communication and requests for money.?

1. Massachusets Senior Defrauded by Fake Romance?

A Massachusetts woman, known as Alice, lost nearly $200,000 of her life savings to an online romance scam. Alice met a man on Facebook's dating feature who posed as a widowed family man working on a pipeline project overseas. Over several months, he built a trusting relationship with her before asking for money, which she sent, believing they would start a life together. When he failed to meet her and claimed to be hospitalized, Alice realized she had been scammed. Despite reporting the incident to her bank and the FBI, she was not able to recover her money.?

Why Are the Elderly Targeted?

The elderly are particularly susceptible to romance scams for several reasons:

• Loneliness: According to a recently published article on MSD Manuals, about 14.7M community-dwelling older adults live alone. Seniors who live alone often crave companionship, making them easy targets for scammers who offer the promise of love and connection.
• Less Tech-Savvy: Older individuals may not be as adept at recognizing online scams or understanding the risks associated with online dating.
• Financial Stability: Seniors often have significant savings, pensions, or social security benefits, making them attractive targets for financial fraud.

Tips for Spotting and Avoiding Romance Scams

1. Be Wary of Online Relationships: If someone you meet online quickly professes love or affection, be cautious. Scammers often move fast to establish a deep emotional connection.
2. Verify Their Identity: Use online tools to verify the person’s identity. A reverse image search can help determine if their photos are genuine or stolen from another profile.
3. Avoid Sending Money: Never send money to someone you haven’t met in person, especially if they ask for it to cover travel expenses, medical emergencies, or other urgent needs.
4. Consult Trusted Friends or Family: Share your online dating experiences with trusted friends or family members who can offer objective advice and help spot red flags.
5. Report Suspicious Activity: If you suspect a scam, report it to the Federal Trade Commission (FTC) and your local law enforcement agency. If you’re unsure of the steps to take, Rondesse’s scam and fraud specialists can help you assess your situation and determine the next steps.

Rondesse's Scam SOS: Your Lifeline in the Fight Against Fraud

At Rondesse, we understand the devastating impact romance scams can have on individuals and their families. Our comprehensive scam defense services are designed to protect you from fraudsters and provide immediate support when needed.

Scam SOS Feature: Our Scam SOS feature offers 24/7 access to fraud and scam specialists who can provide immediate assistance and advice if you suspect you’re being targeted by a scammer. With Rondesse, you can take proactive steps to safeguard yourself and your loved ones from the emotional and financial toll of scams.

Protect Your Heart and Your Wallet

By staying informed and vigilant, you can protect yourself from becoming a victim of romance scams. Trust your instincts, verify identities, and never send money to someone you’ve only met online. And remember, with Rondesse, you have a trusted partner in the fight against fraud. Explore our services today and take control of your digital safety.

For more information on how Rondesse can help you stay safe from scams and fraud, visit our website and discover the comprehensive protection we offer.