Romance and online investment scams are becoming more prevalent and sophisticated, according to a joint warning issued by U.S. Attorney Michael DiGiacomo, FBI Special Agent-in-Charge Philip Tejera, and Department of Homeland Security Special Agent-in-Charge Erin Keegan. The agencies have launched the #DatingOrDefrauding campaign to raise awareness about these types of fraud.
Scammers are increasingly using dating apps, social media, and messaging platforms to target victims. They build trust with individuals before encouraging them to invest in fraudulent cryptocurrency or trading schemes. These fake investments often show manipulated results designed to convince victims to contribute even more money. People from all age groups—including professionals, seniors, and younger adults—have been affected.
A newer tactic known as “pig-butchering” involves scammers developing close relationships with victims through affection and manipulation before convincing them to make significant financial investments. Once the victim has invested substantial amounts, the scammer disappears with the funds.
Authorities recommend several steps for protection: avoid sending money to people met online, trust instincts if something feels suspicious, limit personal information shared on social media, adjust privacy settings on digital platforms, report suspicious activity, ignore wrong number messages, research any potential investment thoroughly, and never risk more than you can afford to lose.
“With romance scams on the rise and more and more people being targeted, it’s imperative that everyone uses extreme caution online to avoid being emotionally devastated and financially drained,” stated U.S. Attorney DiGiacomo. “Be very cautious about what you share online and do not engage with any online requests for money. Trust your gut, if it doesn’t feel right, it probably isn’t.”
Homeland Security Investigations Buffalo Special Agent-in-Charge Erin Keegan added: “The Valentine’s Day season brings an increased risk of romance scams, including and especially the ‘so-called’ pig-butchering schemes – which are not just financial crimes; they are calculated attacks on people’s trust, emotions, and livelihoods. The reality is, these scams target everyday people, and anyone can be a victim. The emotional toll is significant, and many victims feel embarrassed or ashamed, making it harder to come forward. Together with the FBI, the Western District of New York, and several partners, our newly created Homeland Security Task Force is utilizing every tool at our disposal to ensure criminal opportunists cannot freely exploit innocent, unsuspecting and hard-working Americans.”
“Romance and confidence scams remain a significant threat, causing substantial financial and emotional harm to victims nationwide. As criminals exploit various tools, such as artificial intelligence, to enhance their schemes, it is vital for individuals to be vigilant,” said Philip Tejera, Special Agent-in-Charge of the FBI’s Buffalo Field Office. “The FBI encourages anyone who believes they have been targeted to immediately stop communication, report the incident to the FBI’s Internet Crime Complaint Center at ic3.gov (https://www.ic3.gov), and contact their local FBI field office or other law enforcement agency.”
In 2024 alone, about 59,000 people lost over $672 million due to romance-related scams according to FBI data. Many victims experience embarrassment or shame after realizing they have been deceived—often preventing them from reporting incidents—but authorities urge all affected individuals or those who suspect an attempt was made against them to file a complaint promptly.
If someone suspects an online relationship may be fraudulent or has already sent money under false pretenses they should immediately stop communication with the suspected scammer and notify both their financial institution and law enforcement agencies.
