Troy Gochenour, 50, of Columbus, Ohio, was conned out of US$25,800 , including US$15,800 in borrowed money, in a crypto-mining scam that began with a WhatsApp message from a beautiful stranger.
Those who work in the space, including the FTC and Better Business Bureau, say the speed and convenience of the Internet, the rise of online payment platforms and apps, and the spread of financial misinformation have all contributed to the increase. They also cite pandemic-era isolation and loneliness.
“I was hooked on this person,” he said. “And at first it looked like it was working. She said, ‘We could be together, you and I, and make all this money’.” “Watch out for those endorsements,” McGovern said. “And know your friends. If you get a message that seems sketchy from someone’s account, especially someone you haven’t heard from in a while, reach out to them on a different platform. Because someone may be spoofing them.”
Second, run the information by a friend or adviser. You may not have gotten an offer like this, but chances are you know someone who has, especially as scams often target specific communities, according to the FTC. “Delete, hang up, and walk away,” the FTC advises. “Especially if they want you to take money out of your 401 to invest.”
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