How to Avoid Online Dating Scams

 

 

Victory State Bank, Staten Island’s only community-based business bank is sharing an important warning that sheds light upon online dating scams:

 

The American Bankers Association Foundation in collaboration with the Federal Trade Commission (FTC) has released an infographic on the growing threat of such scams. According to the FBI, over $220 million was lost in 2016 to online romance scam artists.

Social media networks and dating websites have become increasingly popular tools for meeting and communicating. Unfortunately, fraudsters have capitalized on this trend and often create fake profiles to lure in victims, establish romantic relationships and eventually, extort money. Older Americans, in particular, have been targeted by this type of scam.

The infographic, available in both English and Spanish, identifies common signs of an online dating scam and offers consumers advice on how to avoid falling victim.

If you’re concerned that you or a loved one are being scammed, the ABA Foundation and FTC recommend taking the following precautions:

  • Slow down – and talk to someone you trust. Don’t let a scammer rush you. 

§  Never wire money, put money on a gift or cash reload card, or send cash to an online love interest. You won’t get it back.

§  Contact your bank right away if you think you’ve sent money to a scammer. 

 

REPORT YOUR EXPERIENCE TO:

§  The online dating site

§  FTC at ftc.gov/complaint FBI at ic3.gov

To view the infographic, visit aba.com/OnlineDatingScams.

 

About the ABA

The American Bankers Association is the voice of the nation’s $17 trillion banking industry, which is composed of small, midsize, regional and large banks that together employ more than 2 million people, safeguard $13 trillion in deposits and extend more than $9 trillion in loans.

 

About the ABA Foundation

Through its leadership, partnerships, and national programs, ABA’s Community Engagement Foundation (dba ABA Foundation), a 501(c)3, helps bankers provide financial education to individuals at every age, elevate issues around affordable housing and community development, and achieve corporate social responsibility objectives to improve the well-being of their customers and their communities.

 

About the FTC

The Federal Trade Commission works to promote competition, and protect and educate consumers. You can learn more about consumer topics and file a consumer complaint online or by calling 1-877-FTC-HELP (382-4357).  Like the FTC on Facebook, follow us on Twitter, read our blogs and subscribe to press releases for the latest FTC news and resources.

 

 

ABOUT VICTORY STATE BANK

VSB Bancorp, Inc. (OTCQX: VSBN) is the one-bank holding company for Victory State Bank. As Staten Island, N.Y.’s only community-based commercial bank, Victory State Bank operates five full-service locations on the Island, including the main office in the community of Great Kills and branches in West Brighton, St. George, Dongan Hills and Rosebank.

A planned sixth branch, to be situated in Meiers Corners, has received both regulatory and building department approvals.

For additional information, Victory State Bank may be reached at 718-979-1100, or visited online at www.VictoryStateBank.com.

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