FTC says Americans lost $547 million to romance scams in 2021

The US Federal Trade Commission (FTC) said that Americans reported record high losses of $547 million to romance scams in 2021, up almost 80% compared to 2020 and over six times compared to losses reported in 2017. Financial losses stemming from romance scams have skyrocketed during recent years, with a total of $1.3 billion lost over the past five years.

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