The internet was recently filled with stories of individuals targeted with inflated restaurant and bar bills after going on dates with their matches from various dating apps. This further highlighted the issue of fake profiles and how many people are deceived by a future prospect that does not exist.
A new tactic has emerged in which scammers use dating apps to emotionally manipulate and dupe their victims. They lure individuals into investing in fraudulent business opportunities or projects while posing as trustworthy and reliable partners. By the time the red flags become apparent, one can lose a significant amount of money.
Here’s how to remain vigilant and avoid falling for their deceptive ploy.
Modus Operandi
Swipe Right: A scammer converses with you over a dating app chat. The conversation may soon shift to other messaging platforms like WhatsApp or Telegram.
Trust Building: Over the next several weeks or even months, they actively work to gain your trust. They share fabricated details about their work and lives. They will likely be open to meeting you in person, or may even insist on it.
The Pitch: Once you're certain of them, they will mention ventures (land deals, start-ups, trading platforms, and more) that allow you to earn a good profit. They may even pose as experts who will partner with you and promise future security.
First Deposit: You may initially invest a small sum and receive a profit, reinforcing your confidence in the deal.
Bigger Commitment: You are pressured into investing a larger sum of money while the scammer assures you of consistent returns. They may also encourage you to borrow from your family or liquidate your assets.
Escape Route: When you bring in money and try to access or withdraw it later, they’ll invent a sudden high fee or tax. In some cases, they may cut contact with you and disappear.
Red Flags
Asking you to invest or pressuring you for money is to be viewed with suspicion.
Promises of unusually high returns with almost no risks.
Creating a sense of urgency or using other pressure tactics so as not to miss out on the deal(s).
Claiming success stories and a network of influential contacts to assure you of the plan's legitimacy.
What To Do
Verify: Search for the individual online using any personal details you have.
Pause: If someone starts talking about investments on dating apps, take it as a warning and do not rush into financial schemes.
Protect: Do not overshare information about yourself, especially on social media profiles that the scammer may have access to.
Report: If you were scammed or were able to spot this scam, then report the incident as soon as possible through a government portal such as Chakshu (https://sancharsaathi.gov.in/sfc/) and the national cybercrime helpline number—1930. You can also lodge a complaint with the local police station.
The Quint's Scamguard initiative aims to keep up with emerging digital scams to help you stay informed and vigilant. If you've been scammed or successfully thwarted one, then tell us your story. Contact us via WhatsApp at +919999008335 or email us at myreport@thequint.com. You can also fill out the Google form and help us take your story forward.)
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