Fraudsters use Valentine's Day as opportunity to target vulnerable Canadians, authorities say
Authorities in Canada are using Valentine’s Day to remind the public that if the person you met online recently starts asking for money or to start investing in a new venture, that is a serious (non-heart-shaped) red flag.
The Canadian Anti-Fraud Centre (CAFC) issued an alert this month that romance scams were the second-highest source of fraud-related financial loss in 2021 and is urging people to be vigilant with online relationships.
Investment scams were the number one source of the most dollar loss related to fraud last year, according to the agency.
“The CAFC is also seeing an increase in the number of cryptocurrency investment scams linked to romance scams. These occur when the person you are in a virtual relationship with tries to get you to invest in cryptocurrency and will end up stealing your money or personal information,” the CFAC said.
That’s exactly what one Montrealer said what happened to him last year when he said he lost nearly $400,000 in what he believed was a romance cryptocurrency scam after striking up a relationship on Facebook Dating with a woman from China.
“It's a big thorn in my side and there are nights that I don't sleep. And I've had to see a psychologist,” the man told CTV News in an interview last November.
The CAFC said it received 1,928 reports of romance scams totalling nearly $65 million in losses in 2021, compared to 1,546 reports and $28,989,750 in losses in 2020.
Canada’s anti-fraud centre, which is jointly managed by the Royal Canadian Mounted Police, the Competition Bureau Canada, and the Ontario Provincial Police, said Valentine’s Day is “also an opportunity for fraudsters to target Canadians looking for a relationship.”
“Moving closer to Valentine's Day, the CAFC is cautioning Canadians to be aware of scams and fraud. Romance scams are becoming more popular, with scammers using isolation from the COVID-19 pandemic to their advantage. In romance scams, a scammer convinces a victim to enter a virtual, online relationship. As trust and affection develop, the scammer then uses emotional leverage to request money or cryptocurrency, gifts, investments, or may send money to the victim to build further trust or engage the victim as a money mule. Looking for love online can be more expensive than you think!”
It’s a scam that has happened to so many Canadians, including Marilyne, a 75-year-old woman from Saint-Hyacinthe in the Montérégie region. She told Noovo Info that she lost nearly $550,000 to a man she met online who said he was in love with her. (Marilyne is a pseudonym in order to protect her privacy)
Her son noticed something was wrong when he noticed large amounts being withdrawn from her bank account, to which she responded she said she wanted to help a friend on a trip overseas.
She went to convenience stores multiple times to make payments to the man via Neosurf, an online payment method that is popular in Europe.
She kept receipts of the transfers under the false hope that he would pay her back as he said he would.
When reached by Noovo Info, the man, whom police believe is in Côte d'Ivoire, refused to answer questions about his relationship with Marilyne and where he is currently living.
It’s an important lesson that Canadians, particularly vulnerable citizens, need to be aware of with reports of romance scams rising.
The anti-fraud centre said there are ways people can protect themselves from scams.
- when someone you haven’t met in person professes their love to you
- if the person wants to quickly move to a private or different mode of communication (email, text, Whatsapp, Google Hangouts etc.)
- if they always have an excuse not to meet in person
- if you receive poorly/oddly written messages, sometimes even addressing you by the wrong name
- if the individual claims to live close to you but is working overseas
- if they act distressed or angry to guilt you into sending money
- if the individual discourages you from discussing them or their situation with your friends and family (attempting to isolate you from those who may be suspicious of the relationship)
People who believe they were the target of a scam or fraud can file a report online (Canadian Anti-Fraud Centre) or by telephone at 1-888-495-8501.
CTVNews.ca Top Stories
Indian envoy warns of 'big red line,' days after charges laid in Nijjar case
India's envoy to Canada insists relations between the two countries are positive overall, despite what he describes as 'a lot of noise.'
Stormy Daniels describes meeting Trump during occasionally graphic testimony in hush money trial
With Donald Trump sitting just feet away, Stormy Daniels testified Tuesday at the former president's hush money trial about a sexual encounter the porn actor says they had in 2006 that resulted in her being paid to keep silent during the presidential race 10 years later.
U.S. paused bomb shipment to Israel to signal concerns over Rafah invasion, official says
The U.S. paused a shipment of bombs to Israel last week over concerns that Israel was approaching a decision on launching a full-scale assault on the southern Gaza city of Rafah against the wishes of the U.S.
Former homicide detective explains how police will investigate shooting outside Drake's Bridle Path mansion
Footage from dozens of security cameras in the area of Drake’s Bridle Path mansion could be the key to identifying the suspect responsible for shooting and seriously injuring a security guard outside the rapper’s sprawling home early Tuesday morning, a former Toronto homicide detective says.
Northern Ont. woman makes 'eggstraordinary' find
A chicken farmer near Mattawa made an 'eggstraordinary' find Friday morning when she discovered one of her hens laid an egg close to three times the size of an average large chicken egg.
Susan Buckner, who played spirited cheerleader Patty Simcox in 'Grease,' dead at 72
Susan Buckner, best known for playing peppy Rydell High School cheerleader Patty Simcox in the 1978 classic movie musical 'Grease,' has died. She was 72.
Jeremy Skibicki has 'uphill battle' to prove he's not criminally responsible in Winnipeg killings: legal analysts
Accused killer Jeremy Skibicki could have a challenging time convincing a judge that he is not criminally responsible for the deaths of four Indigenous women, a legal analyst says.
Bye-bye bag fee: Calgary repeals single-use bylaw
A Calgary bylaw requiring businesses to charge a minimum bag fee and only provide single-use items when requested has officially been tossed.
Alcohol believed to be a factor in boating incident after 2 men die: N.S. RCMP
Two Nova Scotia men are dead after a boat they were travelling in sank in the Annapolis River in Granville Centre, N.S., on Monday.