With Valentine’s Day approaching, OPP are raising awareness about romance fraud – a trend continuing to cause significant emotional and financial harm to Canadians.
In 2024, more than $58.4 million was lost to romance fraud and $310 million to investment fraud, according to the Canadian Anti-Fraud Centre (CAFC).
Police say more of these crimes involve cryptocurrency investment schemes, which can increase victims’ financial losses.
“Those behind these schemes are increasingly using sophisticated tactics, including artificial intelligence to manipulate victims with fake voices and images. Bad faith actors establish trust and emotional intimacy through fake profiles on social media, dating platforms and other online channels,” said a release from the OPP.
Once trust is gained, police said, victims are pressured into sending money or investing in fraudulent business ventures.
Romance schemes often begin through fake profiles or unsolicited messages on dating apps, social media or email. Once trust is established, those behind the schemes often make requests for money, help to receive money and participation in a business venture or cryptocurrency investments.
“These scams often start when someone a victim has never met in person declares their love early in a relationship. They consistently provide excuses to avoid meeting in person, often claiming to work overseas,” said police.
If you suspect fraud, contact your local police, Crime Stoppers or the Canadian Anti-Fraud Centre.
– With files from Lee Griffi
