Romance fraud victims lose £900,000

Criminals exploiting online relationships are not just breaking hearts but also emptying bank accounts police have warned.

Last year 137 victims of romance fraud lost a total of £899,361 in Lincolnshire – nationally the total was £102 million stolen through criminal manipulation.

Romance fraud typically involves sustained contact, with offenders carefully building trust and emotional attachment with the victim before creating a situation where the victim feels they should send them money, often using stories linked to emergencies, investment opportunities or plans to meet in person.

Temporary Detective Chief Inspector Georgia McCormack is Head of the Economic Crime Unit. She said, “Perpetrators of romance fraud are extremely devious and incredibly convincing and manipulative. It’s a cruel form of fraud often leaving victims both financially devastated and heartbroken. They believed they had genuine emotional connection with this person and that belief and trust is shattered when they learn that they have lost their money.

“With elaborate stories, and persuasive tactics, we don’t underestimate how compelling these fraudsters can be. They often invest a great deal of time in gaining the trust of a victim. We know that people affected can feel embarrassed, but romance fraud is never the fault of the victim. It can happen to anyone, and by reporting it, victims help bring offenders to justice.”

Analysis shows people aged 55 to 74 suffered the greatest financial losses. Although men submitted a higher number of reports overall, women experienced greater financial losses.

Romance fraud remains closely linked to online platforms, particularly social media and dating sites, where offenders can easily create convincing false profiles. AI generated images and messages to support fraudulent identities are increasingly being used. In many cases, romance fraud is linked with fake investment opportunities, including cryptocurrency.

Remain cautious when forming relationships online and be alert to warning signs:

• Individuals who develop relationships very quickly or express strong feelings early on
• Excuses not to meet in person or to avoid live video calls
• Wanting to send money, cryptocurrency or gift cards to someone you have not met face to face
• Talk of investments, medical emergencies or travel costs

Keep safe: 

• Speak to a trusted friend or family member if you want to send money
• Reverse-image search profile and other photos you are sent
• Actively let the person know you are fraud aware and will be protecting yourself
• If you want to move money, listen to your bank and follow its advice to stop if they tell you they are concerned.