Money Can’t Buy You Love (How To Spot a Romance Scam)

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Ramsey Network

Self-improvement, Education, Investing, Business

4.6 • 682 Ratings

🗓️ 14 July 2023

⏱️ 9 minutes

🔗️ Recording | iTunes | RSS

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Summary

The Ramsey Call of the Day is a quick, daily dose of advice on life and money in under ten minutes. Hear from experts like Dave Ramsey, Ken Coleman, Rachel Cruze, Dr. John Delony, George Kamel & Jade Warshaw. Part of the Ramsey Network. Delivered to you five days a week. Learn more about your ad choices. https://www.megaphone.fm/adchoices Ramsey Solutions Privacy Policy Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0	This is the Ramsey Call of the Day, part of the Ramsey Network.
0:10.7	We're going to talk about romance scams, and I got to tell you, when I saw the show run down today,
0:15.8	I thought maybe I had gotten a scam email. I look at it and this is what I saw.
0:23.4	There's been some headlines in the news.
0:24.8	Some of you have seen these headlines.
0:26.9	Here's a few.
0:28.5	In love with a scammer, local woman loses $500,000.
0:34.0	Wow.
0:34.7	Iowen says he was robbed of $ 232,000 in cryptocurrency romance scam.
0:41.2	I got questions.
0:42.7	That's like a lifetime movie.
0:44.2	I don't know that you can say cryptocurrency and romance in the same sentence.
0:47.8	I got questions.
0:49.6	And here's another headline.
0:51.2	Match Group removes 44 spam accounts every minute and then this is crazy
0:57.3	I'd laugh if it wasn't so sad in 2022 nearly 70,000 people reported a romance scam and reported
1:06.0	losses hit a staggering 11.3 billion.
1:14.1	The median reported loss $4,400 and only 15% of scams are reported.
1:19.7	So we actually took a call on the Ramsey show recently where a man called in,
1:23.9	whose wife was scammed in an online romance scam.
1:27.3	Not with him. Oh, man. And she ended up
1:29.8	taking out loans for $40,000. So that's a quick snapshot of something I had not heard of
	...

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