Consumers need to watch out for romance fraud, which is consistently impacting unsuspecting victims each month, with people being advising by Bank of Ireland to swipe left on scammers and not to let the heart rule the head when it comes to their savings.
Romance fraud is when a fraudster builds a fake persona and relationship with a victim to gain their trust and deceive them into sending money. Fraudsters set up a fake profile on social media channels or dating apps/websites to meet and then exploit their victims.
Romance scams can last a long time as the fraudster gradually builds trust. Recent high profile cases including a Brad Pitt impersonation and the latest 2 Johnnies ‘GAA Catfish’ podcast episode have raised awareness of fake online profiles. But the volume of cases tracked by Bank of Ireland has been consistent over time, and many incidents may go unreported due to victims feeling embarrassed or ashamed.
COMMON THEMES
Celebrity romance fraud is generally conducted through social media or dating apps/websites – there are common elements to watch out for.
A common theme is that a victim will receive a message from someone impersonating a celebrity, with a request for secrecy as it can’t come out in the media. With many scams, a request is made for supporting funds, as their assets are tied up due to legal proceedings, i.e. divorce.
Other elaborate stories may include the fraudster claiming to be overseas for work or in the military, to justify not meeting in person. They may pretend to have a glamorous but isolating job that makes it hard from them to answer your video calls or meet.
Fraudsters may also seek to gain sympathy by fabricating a dying family member, illness or financial hardship. They invent urgent situations to pressurise their victim.
‘STEP AWAY FROM THE KEYBOARD’
Nicola Sadlier, Head of Fraud, Bank of Ireland is urging consumers to stay vigilant to romance fraud.
“Real relationships take time to develop but scammers will declare their undying love quicker than you can say catfish. If a relationship is happening too fast online, and there is money involved, it’s probably fraud, so step away from the keyboard. Much of this type of fraud starts through social media platforms, so these companies need to play their part in shutting it down quickly.”
Measures to protect yourself from romance fraud include being cautious with new online relationships – take your time to get to know someone and verify their identity; Never send money to someone you haven’t met in person; Look for warning signs – be wary of people who avoid video calls or meeting in person and who quickly express their love or ask for financial help.
Also, pay attention to inconsistencies in stories. And remember, celebrities don’t tend to message fans for money!
If in doubt, don’t be afraid to chat with a trusted friend or family member.
REPORT IMMEDIATELY
If you’ve been scammed, stop communication with the suspected scammer immediately. Report the matter to your bank (BoI emergency fraud phoneline – freephone 1800 946 764), an Garda Siochana and any relevant platforms, such as dating websites or social media platforms.
