Love is a funny thing. It can make an otherwise rational person do things that they never thought they would do—like fly cross-country on a whim or pretend to be really good at karaoke. Those butterflies you feel when you think you’re in love can make you feel invincible.
Unfortunately, that feeling can also make you vulnerable to scammers. Last year, the Federal Trade Commission (FTC) received some 56,000 complaints about romance scams—more than triple the number from 2017. And those folks didn’t just lose their hearts—they also reported monetary losses totaling $547 million.
Those scams—called romance scams or ...
Learn more about Bloomberg Tax or Log In to keep reading:
Learn About Bloomberg Tax
From research to software to news, find what you need to stay ahead.
Already a subscriber?
Log in to keep reading or access research tools.