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Tips on how to avoid romance scams like pig butchering [Video]

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Small Business Growth

Valentine’s Day is right around the corner, but scammers prey on people looking for love online all year round. Here’s how to avoid falling victim to a romance scam.

Dating websites, apps and social media have made it easier than ever to meet someone special online. While millions use these platforms to find love, scammers often lurk behind fake dating profiles to trick their victims into sending them money.

Romance scams have been on the rise for the past several years, according to the Federal Trade Commission. In 2022, nearly 70,000 people reported falling victim to a romance scam to the FTC; reported losses hit a record $1.3 billion.

The FBI says one growing tactic is a cryptocurrency investment scam commonly referred to as “pig butchering.” It earned its name because scammers call their victims “pigs” whom they fatten up with trust over time before convincing them to invest in cryptocurrency on fake …

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