Romance Fraud, Romance Scam or confidence fraud.

What is Romance Fraud, Romance Scam or confidence fraud ?

"Romance fraud is a kind of scam led through social engineering techniques, used to leverage emotional relationships, to subsequently obtain financial gain or services. While people roam online to find love and companionship, scammers have found a way to make money out of it. And the business is booming. Although it is not a recent phenomenon, romance fraud has been increasingly popular, especially during COVID 19 crisis, where some people expressed emotional distress and loneliness."
https://www.idnow.io/glossary/romance-fraud/

How Romance Fraud has become Multi Million Dollars industry?

"According to a report by the FBI’s Internet Crime Complaint Center, these hoaxes accounted for $475 million in damages in 2019. This jaw-dropping number stems from a data set of nearly 20,000 complaints submitted to the agency. As some of those scammed may choose not to spread the word about their mishaps, the actual breadth and depth of the issue could be much more impactful."

The logic behind romance scams

"To set this abuse in motion, scammers take advantage of people who are looking for a romantic relationship on dating sites, social media, and flirt apps. Incidentally, romance scammers may use “exotic” methods to get in touch with would-be victims.
A particularly unorthodox technique is to establish a contact in crowded places via wireless communication services such as Apple’s AirDrop feature. Once a target is on the hook and does not mind playing along, the malefactor will try to move the foul play online."

https://www.forbes.com/sites/davidbalaban/2020/09/11/romance-scamshalf-a-billion-in-annual-losses-and-growing/

Comments

Columbia President ( Katrina Armstrong) Is Replaced as Trump Threatens University’s Funding. Key Points. NYTimes

Key Points & Further Details on Columbia University Leadership Change 1. Presidential Change at Columbia University Katrina Armstrong stepped down as interim president of Columbia University. Claire Shipman , a journalist and Columbia alumna, was named acting president . Armstrong’s departure marks Columbia’s third leadership change since August 2024. 2. Trigger for Leadership Change The Trump administration threatened to withhold $400 million in federal funding from Columbia. This funding is roughly 20% of the university’s operating revenue . The university ultimately complied with government demands , causing internal and external backlash . 3. Government Demands & Columbia’s Compliance Columbia agreed to: Employ 36 campus safety officers with arrest powers . Adopt a formal definition of antisemitism . Review admissions policies . Increase oversight of its Middle Eastern, South Asian, and African Studies Department . These changes sparked faculty and...

Why Netanyahu Chose to Blow Up the Ceasefire and Return to War" Key Points. Mondoweiss

Key Points from the Article: "Why Netanyahu Chose to Blow Up the Ceasefire and Return to War" 1. Israel’s Resumption of War Israel resumed its military assault on Gaza early Tuesday, killing over 400 Palestinians , including 130 children . Key figures in Gaza’s civil administration were also targeted to weaken Hamas’s governance . 2. The Ceasefire Agreement and Israel’s Stalling Tactics A ceasefire deal was brokered by Egypt, Qatar, and the U.S . two months prior. The second phase of the deal included discussions about ending the war and reconstructing Gaza in exchange for Israeli captives . Netanyahu stalled , aiming to release captives without committing to ending the war . 3. Israel’s Blockade and Its Impact In early March , Israel blocked the Rafah crossing and cut off humanitarian aid , causing a severe humanitarian crisis in Gaza . Prices of goods soared , bakeries shut down , and hospitals ran out of fuel . 4. Hamas’s Unexpected Move ...

Havens for Open Debate Or Enforcers of Political Orthodoxy. From Mahmood Khalil to Rumeysa Ozturk: The Rising Cost of Pro-Palestinian Activism on Campus.

The case of Rumeysa Ozturk , a Tufts University student detained by federal authorities , along with earlier incidents like that of Mahmood Khalil of Columbia University, raises serious concerns about the targeting of international students for their political views, particularly regarding Palestine-Israel discourse. This situation has broader implications for academic freedom, free speech, and the reputation of U.S. universities abroad , especially given the significant financial and intellectual contributions of international students to American higher education. --- 1. Impact on International Students: A Revenue & Reputation Concern - Financial Contribution : International students contribute $40 billion annually to the U.S. economy, with universities relying heavily on their tuition fees (often at higher out-of-state rates). - Chilling Effect : Cases like Ozturk’s and Khalil’s may deter prospective students from applying, fearing political perse...

Ignoring Massacres in Gaza City While Protesting for Democracy in Tel Aviv, Hanin Majadli. Key Points. Haaretz

Brief introduction of Hanin Majadli Hanin Majadli Hanin Majadli is a Palestinian Israeli journalist and editor at Haaretz , Israel's liberal-leaning newspaper. She holds a bachelor's degree in Middle Eastern Studies and Arabic and Islamic Studies from Tel Aviv University. As an opinion columnist, Majadli focuses on the experiences and challenges of Arab-Palestinian communities in Israel , examining their complex relationships with the state and its Jewish citizens . She gives particular attention to the history of the Nakba and its deliberate omission from Israel's social and political narrative. In her role as editor of Haaretz 's Arabic edition , Majadli aims to broaden the reach of alternative Israeli perspectives, presenting journalistic work that diverges from mainstream Israeli media. Before joining Haaretz, Majadli founded a popular spoken Arabic school in Tel Aviv, promoting Arabic language and culture . She has also been active in addressing pol...

Price Tag Attackers: Extremist Settler Violence in the West Bank.

Year-by-year breakdown of documented " Price Tag" attacks in the West Bank and Israel , based on reports from UN OCHA , B’Tselem , Yesh Din , and Israeli media (Haaretz, Times of Israel). Introduction to "Price Tag" Attackers "Price Tag" attackers are extremist Israeli settlers , primarily affiliated with radical right-wing groups, who carry out violent acts agains Palestinians, Israeli security forces, and left-wing activists in retaliation for perceived threats to Jewish settlements in the West Bank . The term refers to the " price " they seek to impose for actions like outpost demolitions or Palestinian attacks on Israelis. - Vandalism, arson, or violence by extremist settlers against Palestinians, Israeli security forces, or left-wing activists. - Often involves graffiti (e.g., "Price Tag," "Revenge," or "Arabs Out"). - Retaliation for Palestinian attacks, outpost demolitions, or Israeli gover...

Ainnbeen

Search This Blog