Make money work for you!

  • Home
  • Personal Finance
  • Budgeting
  • Shopping
  • Taxes

7 Common Financial Scams Targeting Seniors and How to Avoid Them

August 25, 2025 · Personal Finance

Photo-realistic, senior-friendly scene that visually introduces the section titled 'Scam #4: The Romance Scam'.

Scam #4: The Romance Scam

The romance scam is a particularly cruel form of financial fraud because it exploits a person’s need for connection and companionship. These scams can take place over weeks, months, or even years, as the criminal builds a deep emotional bond with their target before ever asking for money.

This scam usually begins on a social media platform or a dating website. The scammer creates a fake profile using photos of an attractive person stolen from somewhere else online. They might pose as a professional working overseas, such as a doctor with an international charity, an oil rig worker, or a member of the military. These professions provide a built-in excuse for why they cannot meet in person.

The scammer will make contact and begin to build a relationship. They will be charming, attentive, and shower their target with affection. They will communicate frequently through email, instant messaging, and phone calls, quickly escalating the relationship and professing their love. They create a powerful illusion of a perfect partnership.

Just as the target is fully invested emotionally, the “emergency” happens. The scammer will suddenly have a crisis that requires money. It could be a medical emergency for themselves or a family member, a problem with a business deal, or trouble with travel documents that is preventing them from coming home to finally meet you. The stories are dramatic and designed to pull at your heartstrings.

They will ask you to send money, often via wire transfer or gift cards, promising to pay it back as soon as their supposed crisis is over. But once you send money, there will always be another emergency, another delay, and another request for more funds. This can continue until the victim has lost their life savings.

How to Avoid the Romance Scam

Protecting yourself from this scam means balancing an open heart with a cautious mind. It’s wonderful to seek new connections, but it’s crucial to be aware of the warning signs.

Be Wary of a Rushed Relationship. Scammers move fast. Be suspicious of anyone who professes love very quickly or wants to move your conversation off the dating site and onto a private channel like email or a messaging app right away.

Insist on a Video Call. A scammer who is using a fake profile will always have an excuse for why they can’t video chat. Their camera might be “broken,” or they might be in a location with a poor internet connection. A legitimate person will be willing to show their face.

Do Your Own Research. You can do a reverse image search on their profile pictures (using a search engine like Google Images) to see if the photos have been used on other websites or are associated with a different name. You can also search their name online along with the word “scam.”

Never, Ever Send Money. This is the most important rule. Never send money or give your financial information to someone you have only met online. No matter how compelling their story is, do not do it. A person who truly cares about you will not ask you to risk your financial security.

If you suspect you are talking to a romance scammer, stop all contact immediately and report the profile to the website or app where you met. It’s also wise to talk to a trusted friend or family member who can offer an outside perspective.

Pages: 1 2 3 4 5 6 7 8 9 10 11 12 13

Share this article

Facebook Twitter Pinterest LinkedIn Email

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Latest Posts

  • snap Amazon Refund: How Much You Could Receive
  • amazon prime, money Here’s How to Get Your Refund From Amazon’s $2.5B FTC Settlement
  • social security, Social Security task Who Will Receive Social Security Payments on January 14, 21, and 28?
  • Holiday Scam 10 Holiday Tax Scams That Turn Your Ho-Ho-Ho Into Oh-No!
  • 5 Costco Products That Cost More Due to Trump’s Tariffs

Related Articles

wealth social security

9 Ways to Increase Your Wealth at Any Age

Make sure you don’t waste too much money on car breakdowns When it comes to…

Read More →
money mistakes boomers make Social Security

11 Money Mistakes Boomers Make with Their Finances

These money mistakes boomers make will cost their children’s future!  Life is full of decisions…

Read More →
Social Security

The Average Social Security Check by Age (2025)

Understanding the typical Social Security check by age can really assist you in refining your…

Read More →
retire

Free Tuition? 8 Colleges That Offer This to Seniors

You do not have to give up learning just because you have reached retirement age!…

Read More →
stimulus checks

Stimulus Checks 2023: Which States Are Still Sending Payments?

Illinois Who’s Eligible: Here’s another state that authorized two tax rebates in 2022—one for property…

Read More →
name as a brand

6 People Who Used Their Own Name as a Brand

They used their name as a brand, and now it’s a legacy! Have you ever…

Read More →
inflation hacks seniors love

9 Brilliant Inflation Hacks Seniors Love

These are the experts inflation hacks seniors love. You will love them too! Ugh, money!…

Read More →
healthcare wealth

Here’s How to Cover Your Healthcare Costs in Retirement in Your 50s

Learn more about Medicare Many adults think that Medicare will take care of most of…

Read More →
amazon prime, money

Here’s How to Get Your Refund From Amazon’s $2.5B FTC Settlement

5. How to File Your Refund Claim — Step-by-Step Here’s how to file your claim…

Read More →
The Money Place

Make money work for you!

Inedit Agency S.R.L.
Bucharest, Romania

contact@ineditagency.com

Explore

  • Subscribe
  • Unsubscribe
  • Newsletter
  • Terms and Conditions
  • Do not sell my personal information
  • Privacy Policy
  • Contact

Categories

  • Budgeting
  • Personal Finance
  • Shopping
  • Taxes

© 2026 The Money Place. All rights reserved.