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Binary Options Scams: Recover Your Lost Funds

Romance Scams: Recover Your Lost Funds

Romance scammers con thousands of people out of their money every year, and their techniques are becoming ever more sophisticated. We believe that romance scam victims deserve justice, and we fight hard on their behalf to reunite them with their lost funds. If you’ve fallen foul of a romance scam, contact us so that we begin working to retrieve your money.

At MSR, we work tirelessly to assist our clients who have been victims of various types of romance scams. Our team of recovery experts will leave no stone unturned to track down the scammers and the funds that have been lost. We also provide a range of informative guides to help you avoid romance scams in the future.

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The fund recovery process can be a lengthy one and requires perseverance. Therefore it is vital that our clients are ready for it and trust us every step of the way. So if for any reason you are doubtful, you can ask for a full refund within the first 14 business days of the process.

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Here at MSR, we want to make sure you know everything there is to know in regards to romance scams and fraud. While our primary job is to help recover financial loss for clients who have been scammed or being involved in some kind of fraud, ideally we want to help you avoid these scams in the first place. So be vigilant and knowledgeable.

What are Romance Scams?

There are lots of different types of romance scams circulating, but, in general, they are all cons that involve the scammer pretending to have romantic feelings towards their victim. The aim is to lure in the intended mark to eventually persuade them to give or send money or gifts to the scammer. Now, these cons often begin on platforms such as Tinder and other dating sites.

Romance scams can have devastating consequences for those that have fallen victim to them. As well as losing money and/or possessions of value, the victim is usually left broken-hearted, feeling extremely vulnerable, and may have trouble forming a trusting relationship for a significant time. This type of scam is particularly cruel and can have long-term effects on the people who have found themselves entangled in one.

Common Types of Romance Scams

Here are the main types of romance scams that are currently circulating:

The ‘Classic’ Romance Scam

In this scenario, an individual using a dating site or app will be contacted or matched with a potential partner and get chatting with them. This person, however, is a scammer and will attempt to begin the process of getting close to their mark and appear to want to develop a relationship with them. Things could move quickly, and the victim may feel flattered and that they’ve met the perfect match they’ve been looking for.

The scammer will often push to meet quickly and may bombard their victim with messages declaring their feelings and plans for the future. At some point, however, the con artist will request money or a gift. They may appear extremely convincing in their request, using the emotional connection they’ve carefully crafted with their mark to persuade them to acquiesce to the request without becoming suspicious.

Once money or gifts have been given, the requests for more will come frequently until, typically, the victim will begin to realize what’s happening and questions the scammer. At this point, the con artist will usually either become aggressive or – more likely – when it becomes apparent that no more funds will be forthcoming – disappear into thin air.

The ‘Pig Butchering’ Scam

The so-called ‘Pig Butchering’ scam is a relatively new con that originated in China in 2020: it combines a romance scam with an investment scam. The con unfolds like the ‘traditional’ romance scam as outlined above. However, once the scammer has successfully feigned romantic feelings for and secured a connection with their victim, they will request (or advise) their mark to invest in a fake or fraudulent business.

Statistics have shown that, since this scam emerged a few years ago, the majority of its victims have been well-educated women in their 20s and 30s; and that the average amount of money a victim loses to it is a staggering $98,000.

The ‘Military’ Romance Scam

This is another widespread romance scam. In this case, a con artist will undertake research to create a convincing persona, uploading their details onto a dating site in the guise of a member of the military. The scammer will usually target an individual who they’ve discovered has shown support for or who has some connection to the military: they can find this information from reading profiles or by scouring relevant Facebook groups.

Once the scammer has identified a vulnerable target, the typical pattern will unfold: a relationship will be sought that escalates quickly. Within a short space of time, money or gift cards will be sought. When the victim asks to meet, the scammer will claim that they’re currently posted overseas.

Identity Theft

This type of romance scam isn’t concerned with persuading a victim to directly part with their funds but, instead, is about identity theft. This con typically involves a victim (who is active on a dating site) being sent an email from an individual they’ve matched with. The mark will be invited to click on a link to view some photos of the person they’ve connected with.

Unfortunately, once this link is clicked on, the scammer can access their victim’s device and therefore harvest a multitude of personal details. These could include the victim’s date of birth, address, credit card number, and banking information and could be used to raid accounts or to take out a loan, for example, in the victim’s name.

Money Muling
  • With this romance scam, the victim that the scammer has targeted, and has given the impression of forming a close connection with, is persuaded to move illicit funds as a way to launder money. The con artist will send the victim money, phones, or valuable possessions and convince them to send these items elsewhere.

    Steering clear of this type of scam is vital; victims may find themselves embroiled in a wide-ranging criminal network that could be both difficult and dangerous to extricate themselves from.

     

Key points

  • Romance scams come in a variety of shapes and sizes – we’ve listed the most common above. They are extremely prevalent, and scammers often target people using dating apps or websites.
  • It is estimated that around $300 million is lost every year to romance scams.The average victim of a romance scam loses about $2,500.
  • Different types of scams emerge regularly, so staying vigilant is vital.
  • In 2020, romance scams were the second-highest internet crime loss.
  • Statistically, women are more likely than men to be the victim of a romance scam.
  • Companies like  help to recover money lost to most types of romance scams by tracking down the stolen funds and confronting the con artists.
  • When dating online (or offline), remain mindful of the potential risks. Never give out personal information too quickly – ideally, once you’ve met in person at least a couple of times. Be wary of anyone or any offers that make that sound ‘too good to be true,’ and if a request for money or a gift is made, it’s usually best to walk away. Trust your instincts: if something seems ‘off’, then stop communication with the person. If appropriate, report the individual to the dating platform using the process outlined on its website.

Scammed and Lost Money to a Romance Scam? Here’s What You Need to Do Next

  • Those who have fallen victim to a romance scam are usually left heartbroken and feeling vulnerable, as well as having to deal with the loss of an often significant amount of money. These feelings can make seeking help and restitution even harder – victims may even feel embarrassed or ashamed, making figuring out what to do next even harder.
  • Here at MSR, however, we have a team of experts who specialize in recovering money lost to romance scams and employ a variety of means to track down the scammers and reunite their victims with their stolen funds.
  • You’ll receive a caseworker who will be at your side throughout the process, providing support and keeping you updated. Why not fill in our Success Calculator now, and check out our testimonials and reviews to get an idea of the exemplary service you can expect when we take on your case?
  • If you’d like us to review your case to see if it’s one we believe we can win, then get in touch with us at your earliest convenience so that we can start the process of recovering your funds and getting you the justice you deserve.

How to Avoid Romance Scams

  • Be mindful about what you post online that can be seen by members of the public: romance scammers can use social media to better target a mark and find out more about them that they’ll then use to their advantage.
  • Be wary of anyone on a dating site that quickly asks you to communicate directly rather than via the dating platform.
  • Go slowly, and don’t feel pressured to meet or impart information until you feel ready.
  • Research the person’s image and name to check if they’ve been used online elsewhere.
  • Never send money or gifts to anyone you’ve only interacted with online.
  • Never send any content or photos that could be used to extort you in the future.
  • View it as a red flag if the person says they want to meet you but always makes excuses or backs out at the last minute.

Romance Scams FAQ

Rabert Gastman
Rabert Gastman
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I was in a dire situation after falling victim to a fraudulent online investment scheme. My entire life savings were at stake, and I felt hopeless. That's when I discovered Market Snipers legal service. They didn't just recover my funds; they turned my life around. The team meticulously traced the funds, gathered evidence, and even partnered with legal experts. It felt like a suspense movie. In the end, they successfully recovered every penny. I can't thank them enough for giving me a second chance at financial stability and peace of mind.
Atul Patel
Atul Patel
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My experience with this funds recovery service was nothing short of a rollercoaster ride. I had been swindled in a cryptocurrency scam and had lost a substantial amount. Their team, led by a relentless investigator, worked tirelessly to identify the culprits. The process was intense, with countless twists and turns, but their dedication never wavered. After several nail-biting months, they managed to reclaim my lost assets, and I was left in awe of their tenacity. It was like a gripping novel with a triumphant ending, and I can't recommend them highly enough.
Harry Croon
Harry Croon
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I found myself entangled in a complex online scam that had taken a considerable toll on my finances. After seeking help from various sources, I turned to Market Snipers Legal as my last hope. They embarked on an investigation that was nothing short of a thrilling detective story. Uncovering layers of deceit, they navigated through international jurisdictions, revealing a web of deceit that left me astounded. Finally, they managed to retrieve my funds against all odds. This experience was like a real-life heist movie, with our heroes being the funds recovery experts. Their expertise and determination turned a seemingly impossible situation into a triumphant victory. Kudos to this remarkable team!
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If you've been ripped off by scammers, get in touch and our team of experts will work to get your money back