The Federal Bureau of Investigation (FBI) has issued a warning about Romance Scams in the San Francisco Bay Area. in relation to crypto during Valentine’s day
Just a few days before Valentine’s Day FBI office in San FrancisconotifiedThe public about Romance scams is on the rise, according to complaints filed with the FBI’s Center for Cybercrime Complaints (IC3). These types of scams involve creating fake accounts and convincing unwary investors. — both men and women — to transfer money under the pretext of love. According to information shared by the FBI:
“Victims in the FBI San Francisco department have lost more than $64 million from Romance Scams, compared to $35 million in 2020.”
In 2021 alone, there were 742 complaints in Northern California. It outpaced 720 and 526 complaints in 2020 and 2019, respectively.
“The FBI in San Francisco It has seen a growing trend where scammers are seducing individuals to be deceived. Send money to invest or trade cryptocurrencies.”
Romance Scams often start with soliciting victims by referring to investment opportunities. It then tricks victims into investing in scam platforms. which can be observed from the look of the website that looks unreliable And initially, scammers will allow their victims to withdraw some of their profits from their first trade. to prove its credibility And after that, when you get more profits, you won’t be able to withdraw money. And will be forced to invest more money or cryptocurrencies to unlock withdrawals.
“When the victim is ready to withdraw the money again The scammers will create a reason why they can’t withdraw money. Victims will be told they need to pay additional taxes or fees. or have not reached the minimum account balance to allow withdrawals.”
Some tips the FBI recommends to avoid Romance Scams include not trusting investment advice from online solicitations, not disclosing financial information, not believing in promises of exaggerated profits, and “Be wary of anyone who claims to have a unique investment opportunity and encourages you to act quickly.”
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