Only Know Your Valentine Online? Meet Your Honey Before Giving Money, Don’t Let Cupid Make You Feel Stupid, Check ‘Em Out Before a Check Goes Out

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It’s Valentine’s Day and love is in the air. You may think you spend a lot on flowers or chocolate, but losing money in a romance scam would cost you even more. Last year, people reported losing $143 million to romance scams — a higher total than for any other type of scam reported to the FTC. And, according to a new FTC Data Spotlight, reports of romance scams are on the rise. What do we mean by romance scams?