As Valentine’s Day approaches, the Ontario Provincial Police is warning about romance fraud, a growing problem causing significant financial and emotional damage.
In 2024, Canadians lost over $58.4 million to romance fraud, with many cases involving cryptocurrency investment scams.
Fraudsters typically use fake profiles on dating apps or social media to build trust, then pressure victims into sending money or investing in fraudulent schemes.
Red flags include early declarations of love, reluctance to meet in person, urgent money requests, and isolation from friends and family.
