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The Federal Trade Commission (FTC) received more than 21,300 reports of romance scams in 2018, up 250 percent from three years earlier.
Reported losses totaled $143 million, the most for any type of consumer fraud.
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Scammers take advantage of people looking for romantic partners, often via dating websites, apps or social media by pretending to be prospective companions.
The older the victim, the heavier the financial toll, according to the FTC — the median individual loss for people aged 70 and over was ,000, compared to ,600 for all victims.
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Read about the stories romance scammers make up and learn the #1 tip for avoiding a romance scam.