Online Romance Scams Cost Victims $300 Million in 2020, FTC Says

The Covid-19 pandemic has intensified loneliness and isolation for many people, and that’s making it easier for fraudsters to impersonate romantic interests — and steal money. In 2020, the amount of money people in the U.S. lost to romance scams, which usually start online, surged 50 percent from the year before, jumping from just over $200 million in 2019 to more than $300 million, according to the Federal Trade Commission.