Wednesday, October 28, 2020

Dating site users are being tricked into laundering money, FBI says

-

The FBI has put out a warning on “confidence/romance frauds” across online dating sites. Cybercriminals are tricking people into laundering and sending money, purchasing items and providing personal and financial information, the FBI said Monday, by posing as a US citizen in a foreign country, a US military member deployed overseas or a US business owner.

More than 15,000 people told the FBI’s Internet Crime Complaint Center (IC3) they were a victim of an online dating confidence/romance fraud, totaling $211 million in losses in 2017. This rose to 18,000 people and $362 million in 2018, the FBI said.

Some cybercriminals pretend to be a US citizen living overseas, spending months building relationships via online dating sites and then asking the victim to send gifts and electronics, followed by the money for a plane ticket to visit.

“In some cases, the actor claims the wired funds did not arrive and asks the victim to resend the money,” the FBI added. “When they don’t arrive as scheduled, they claim they were arrested, and ask for more money to post bail.”

- Advertisement -

Some situations also see victims convinced to set up a new bank account that is later used to facilitate criminal activities.

“Most dating site administrators do not conduct criminal background checks when an account is registered,” the FBI warned. It recommended dating site users do a reverse image search on anyone they connect with online.

- Advertisement -
- Advertisement -

MUST READ

Beam Suntory Inc. fined $19.6 million in foreign bribery case

Beam Suntory Inc. (Beam), a Chicago-based company that produces and sells distilled beverages, has agreed to pay a criminal monetary penalty of $19,572,885 to...

Julius Baer to deny two former CEOs their bonuses over money laundering scandal

Julius Baer will withhold millions of francs in bonuses from its former chief executives Boris Collardi and Bernhard Hodler, as a result of a...

Goldman Sachs executives to cover part payments of $3 billion fines in 1MDB scandal

Nine current or former Goldman Sachs executives, including CEO David Solomon, will have to pay back hundreds of millions of dollars in compensation over...

Goldman Sachs agrees $3 billion settlement with US DoJ over 1MDB corruption scandal

Goldman Sachs has agreed to pay nearly $3bn (£2.3bn) in the US to end a probe of its role in Malaysia's 1MDB corruption scandal. The...

Hong Kong fines Goldman Sachs $350 million over 1MDB scandal

Goldman Sachs ignored multiple red flags over the multibillion-dollar fundraisings it arranged for state fund 1Malaysia Development Berhad, Hong Kong’s financial regulator said on...

Subscribe For More

Get our daily notification on the latest financial crimes news around the World

Advertisement
Advertisement

Latest News

This Week

Former Jacksonville City Council members set for sentencing in fraud case

Former Jacksonville City Council members Katrina Brown and Reggie Brown are scheduled to be in federal court Tuesday to begin a hearing on their...

Actress Felicity Huffman complete full sentence for role in college admissions scam

Felicity Huffman has completed her full sentence for her involvement in the college admissions scandal. As of Sunday, she has finished her sentence, which included jail...

Former Blue Bell Creameries CEO indicted for fraud linked to 2015 listeria outbreak

The former president and CEO of Blue Bell Creameries L.P., a Texas ice cream company, was indicted Tuesday on wire fraud charges in connection with a scheme...

Goldman Sachs agrees $3 billion settlement with US DoJ over 1MDB corruption scandal

Goldman Sachs has agreed to pay nearly $3bn (£2.3bn) in the US to end a probe of its role in Malaysia's 1MDB corruption scandal. The...
Advertisement

Adblock Detected!

Our website is made possible by displaying online advertisements to our visitors. Please consider supporting us by whitelisting our website.

Enable Notifications    Ok No thanks