Once the fraudster has built rapport with the victim, they will ask for information such as account numbers or request online access to the victim’s bank accounts.
The fraudster will then appear to take steps to deposit funds into the victim’s account through mobile deposit, wire transfer, or by check. However, these deposits are often fraudulent.
For example, the fraudster may deposit checks that are counterfeit or from a stolen checkbook.
It is common for the fraudster to request that the victim open new accounts at a financial institution to deposit funds.
The fraudster will frequently ask for funds to be moved by wire transfer or prepaid card.
In money laundering schemes, the fraudster may wire funds (or arrange to have them wired) to the victim's account. Then the fraudster will send that money, or ask the victim to send it, to another party.
The victims
Sweetheart scams affect all genders and typically target:
- seniors
- widows
- recent divorcees
- those who are lonely and trusting
The criminal
To facilitate this type of scam the fraudster will develop a relationship with an unsuspecting victim through an online website. Personal email, text or instant messaging often is the preferred means of communication.
The fraudster may give many reasons why they are asking for funds or sending funds through the victim’s account.
Examples may include, but are not limited to, these pretenses:
- To purchase airline tickets
- To pay officials or bribes for the scammer to leave their country
- Telephone or internet fees
- Medical expenses
- School tuition
Typically, the fraudster will:
- Refuse to meet the victim in person or even speak to the victim by telephone
- Be quick to declare their love for the victim and will want to move the relationship away from the internet site very early in the relationship
- Often indicate they want to continue the relationship with the victim once they are in the U.S. however, the fraudster will always have a reason why they are unable to travel to the U.S., claiming to cancel due to a traumatic event, a bad business deal, etc.
If you suspect you’ve been a victim of this or any other scam, contact your financial institution right away. Learn more about protecting yourself and your money.
