In 2022, Singaporeans fell prey to scams, losing S$660.7 million, a rise from S$632 million in 2021, as reported by the Singapore Police Force.
Interestingly, the police noted that over half (53%) of scam victims were between the ages of 20 and 39, challenging common assumptions about age demographics in these cases.
Phishing scams topped the list of incidents with 7,097 cases in 2022, while love scams also saw significant activity, with 1,152 cases reported. The trend of online dating scams is on the rise, likely due to an increasing number of individuals using dating platforms.
Among the 13 scam syndicates dismantled in 2022, two were associated with internet love scams. Victims of these scams collectively lost S$33.3 million, averaging about S$28,945 each.
Love scammers typically build an emotional connection with their targets, earning their trust before soliciting money. Some even propose marriage in return for financial support.
The emotional investment victims have in these relationships often closes their eyes to the warning signs of a scam.
Online dating scams usually involve criminals creating fake profiles on dating sites to lure in victims—a tactic known as “catfishing.” After establishing trust, they either solicit financial aid or request compromising photos that can be used for blackmail later.
Authorities have urged those affected by love scams to report any loss of money or personal data promptly.
The Netflix documentary “The Tinder Swindler” illustrates the complexity of love scams, showcasing how victims became deeply indebted after falling for Simon Leviev’s schemes. His targets were often intelligent and independent women who, despite being cautious at first, were enticed by lavish trips and luxurious experiences.
In October 2022, Channel News Asia (CNA) published a report detailing the stories of several individuals whose fraudulent profiles had been deceived.
Kayla became yet another victim, losing S$50,000 (US$37,000) to a scammer named “Linus,” who had persuaded her to enter a romantic relationship before asking for money. After she severed ties with him, she received threats from someone claiming they would share her private photos and videos with her friends.
When using dating apps, there are key warning signs to be aware of. Scammers often rush to move conversations from the app to more direct forms of communication like text messages, WhatsApp, or email, and they may shower victims with excessive affection—a tactic known as love bombing.
Moreover, these fraudsters might use affectionate nicknames for their targets to sidestep misnaming them, avoid in-person meetings, and request sensitive personal information such as passport details.
Richard Bromley, a fraud risk manager at Revolut, cautions that requests for money in romantic scams are typically very emotionally charged. Recent patterns indicate that scammers are persuading victims to invest large sums into fake investment platforms with promises of building a future together.
A report from CNA provided tips on identifying fraudulent profiles and websites. It advised individuals to be vigilant for spelling mistakes and grammatical issues, especially in the ticker or terms of service sections.
The presence of 24-hour online customer support for deposits or withdrawals can also signal a scam, as can the age of the website’s domain registration.
Victims of these love scams frequently endure significant emotional distress alongside their financial losses.
Law enforcement officials have urged those affected to seek assistance from trusted friends or family and consider professional counselling if necessary.
The impact of love scams can be devastating, so individuals need to remain cautious while using online dating platforms.
Mr Bromley has recommended that users of dating apps exercise caution and safeguard both their hearts and finances. “If the relationship swiftly shifts toward requests for financial assistance and independence, it’s best to hold off for someone more deserving,” he advised.
The increasing prevalence of love scams in Singapore underscores the importance of being alert and careful when using online dating websites and applications.
By recognising the red flags and responding appropriately to any questionable behaviour, people can safeguard themselves against becoming targets of these fraudulent schemes.
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