In 2021, reported losses from online romance scams in the United States reached 547 million U.S. dollars. This is an increase of over 500 percent compared to 2017 when 87 million U.S. dollars in losses were recorded from catfishing scams. Catfishing is an online scam where victims are lured into a relationship by means of a fake online persona. On average, victims of catfishing face a loss of around 2.4 thousand U.S. dollars. Over one in ten U.S. adults said they have definitely interacted with a catfish online.
Reported losses from romance scams in the United States from 2017 to 2021
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Loss in million U.S. dollars
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Federal Trade Commission. (February 10, 2022). Reported losses from romance scams in the United States from 2017 to 2021 (in million U.S. dollars) [Graph]. In Statista. Retrieved July 22, 2024, from https://www.statista.com/statistics/1362095/us-romance-scams-losses/
Federal Trade Commission. "Reported losses from romance scams in the United States from 2017 to 2021 (in million U.S. dollars)." Chart. February 10, 2022. Statista. Accessed July 22, 2024. https://www.statista.com/statistics/1362095/us-romance-scams-losses/
Federal Trade Commission. (2022). Reported losses from romance scams in the United States from 2017 to 2021 (in million U.S. dollars). Statista. Statista Inc.. Accessed: July 22, 2024. https://www.statista.com/statistics/1362095/us-romance-scams-losses/
Federal Trade Commission. "Reported Losses from Romance Scams in The United States from 2017 to 2021 (in Million U.S. Dollars)." Statista, Statista Inc., 10 Feb 2022, https://www.statista.com/statistics/1362095/us-romance-scams-losses/
Federal Trade Commission, Reported losses from romance scams in the United States from 2017 to 2021 (in million U.S. dollars) Statista, https://www.statista.com/statistics/1362095/us-romance-scams-losses/ (last visited July 22, 2024)
Reported losses from romance scams in the United States from 2017 to 2021 (in million U.S. dollars) [Graph], Federal Trade Commission, February 10, 2022. [Online]. Available: https://www.statista.com/statistics/1362095/us-romance-scams-losses/