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Over 2,600 Australians fall victim to online romance fraudsters in 2015

Xinhua, February 12, 2016 Adjust font size:

Days out from the most romantic date on the western world's calendar, Valentine's Day, Australia's consumer watchdog has revealed that 2,620 Australians fell victim to online romance scams in 2015.

The Australian Competition and Consumer Commission (ACCC) on Friday released figures showing Australians were collectively swindled out of 16 million U.S. dollars by scammers posing as would-be lovers last year.

However, ACCC's deputy chair Delia Rickard believes that number may only represent one-tenth of Australia's true financial losses to the morally-corrupt trade, with most victims too embarrassed to report - or admit - they had been set-up by a con artist.

"We hear people who borrow against their house and end up losing their home, people who access their super, people who borrow from friends and family and never able to pay them back, leading to a huge breakdown in relations," Rickard told Fairfax Media.

"They are left devastated, all alone broke, usually in debt," Rickard said.

According to the data, women (43.5 percent) were more likely to be caught up in the romantic scams than men (39 percent), while 17 percent of those surveyed did not disclose their gender.

The majority of victims were middle aged, between 45 to 55 years old.

The ACCC has its own taskforce designed to protect those the organization classes "potential victims" of romantic scams. The taskforce, known as the Scam Disruption Project, has sent 6,000 warning letters to these repeat victims, telling them to reconsider sending money to scamming hubs like Nigeria.

Rickard said the scammers create an intricate and compelling backstory to tug at the heartstrings of these victims before requesting money.

"Scammers are experts at preying on people's weaknesses and will spend months and even years grooming victims and lowering their defenses," Rickard said.

"Inevitably, the fraudster will spin a tall tale about why they suddenly need your financial help, ranging from medical emergencies to failed business ventures to needing to rebook flights to visit you," she added.

One-third of Australia's reported romance scams in 2015 occurred over social media, in particular, Facebook.

"The ACCC is looking to work with social media platforms to keep romance scammers off their sites and to help users recognize when they are being scammed," she said. Endit