Bringing you just the headlines

FTC says romance scams have surged, accounting for largest losses of any fraud in 2018

Is it love? Maybe not.The FTC announced this week that romance-related scams have surged recently and generated more losses than any other consumer fraud reported to the agency last year. The number of these romance scams reported to the agency jumped from 8,500 in 2015 to more than 21,000 in 2018. And the amount lost by victims has quadrupled over that period " reaching $143 million last year. The median reported loss for victims was $2,600, about seven times more than other fraud [

Is it love? Maybe not, as romance scams proliferate

Is it love? Maybe not. The FTC announced this week that romance-related scams have surged recently and generated more losses than any other consumer fraud reported to the agency last year. The number of these romance scams reported to the agency jumped from 8,500 in 2015 to more than 21,000 in 2018. And the amount lost by victims has quadrupled over that period — reaching $143 million last year. The median reported loss for victims was $2,600, about seven times more than other fraud...

FTC says romance scams have surged, accounting for largest losses of any fraud in 2018

Scammers create phony profiles on dating or social media sites to build trust until they see an opportunity to ask for money.

After decades of promises, personal air vehicles are finally getting close to commercial reality—but you still probably won’t own one