With Valentine’s Day upon us, police are hoping to raise awareness about the threat of romance scams.
According to the Canadian Anti-Fraud Centre, Canadians were defrauded out of more than $58.4 million due to romance scams in 2024. Another $310 million was lost by Canadians through investment fraud.
The Ontario Provincial Police said the individuals behind these schemes use increasingly sophisticated tactics, including artificial intelligence to manipulate victims with fake voices and images.
These scammers will establish trust and emotional intimacy through fake profiles on social media, dating platforms and other online channels. Once trust is gained, victims are pressured into sending money or investing in fraudulent business ventures.
Authorities said romance fraud can lead to cryptocurrency investment schemes, substantially increasing a victim’s financial losses.
The OPP said there are several red flags to watch out for to help identify a romance scam, which are listed below:
- Someone you’ve never met in person declares their love early in the relationship
- The bad actor quickly wants to move the conversation to a private or alternate communication platform such as a messaging app or email
- They consistently provide excuses to avoid meeting in person, often claiming to work overseas
- The message is poorly written or oddly worded or sometimes addresses you with the wrong name
- The bad actor acts distressed or angry to pressure you into sending money, often under the pretense of an emergency
- They discourage you from discussing the relationship with friends or family, attempting to isolate you from those who might raise concerns
Anyone who suspects fraud is encouraged to contact the police, Crime Stoppers, or the Canadian Anti-Fraud Centre at 1-888-495-8501.