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SCARSSCARS SCARS - Society of Citizens Against Relationship Scams Inc. A government registered crime victims' assistance & crime prevention nonprofit organization based in Miami, Florida, U.S.A. SCARS supports the victims of scams worldwide and through its partners in more than 60 countries around the world. Incorporated in 2015, its team has 30 years of continuous experience educating and supporting scam victims. Visit www.AgainstScams.org to learn more about SCARS.ScammerScammer A Scammer or Fraudster is someone that engages in deception to obtain money or achieve another objective. They are criminals that attempt to deceive a victim into sending more or performing some other activity that benefits the scammer. Urban Legends: Chapter 9 – Victims Are Stupid?

Actually, yes, scamScam A Scam is a confidence trick - a crime -  is an attempt to defraud a person or group after first gaining their trust through deception. Scams or confidence tricks exploit victims using their credulity, naïveté, compassion, vanity, irresponsibility, or greed and exploiting that. Researchers have defined confidence tricks as "a distinctive species of fraudulent conduct ... intending to further voluntary exchanges that are not mutually beneficial", as they "benefit con operators ('con men' - criminals) at the expense of their victims (the 'marks')". A scam is a crime even if no money was lost. victims may have done something dumb, but they are almost never stupid!

In fact, the vast majority of romance scamsScams A Scam is a confidence trick - a crime -  is an attempt to defraud a person or group after first gaining their trust through deception. Scams or confidence tricks exploit victims using their credulity, naïveté, compassion, vanity, irresponsibility, or greed and exploiting that. Researchers have defined confidence tricks as "a distinctive species of fraudulent conduct ... intending to further voluntary exchanges that are not mutually beneficial", as they "benefit con operators ('con men' - criminals) at the expense of their victims (the 'marks')". A scam is a crime even if no money was lost. victims are above average intelligence

It’S Fair To Wonder, Who Falls For This Stuff?

“That’s the magic question,” asked Marti DeLiema, a postdoctoral fellow at Stanford University’s Center on Longevity who focuses on financial fraudFraud In law, fraud is intentional deception to secure unfair or unlawful gain (money or other assets), or to deprive a victim of a legal right. Fraud can violate civil law (e.g., a fraud victim may sue the fraud perpetrator to avoid the fraud or recover monetary compensation) or criminal law (e.g., a fraud perpetrator may be prosecuted and imprisoned by governmental authorities), or it may cause no loss of money, property, or legal right but still be an element of another civil or criminal wrong. The purpose of fraud may be monetary gain or other benefits, for example by obtaining a passport, travel document, or driver's license, or mortgage fraud, where the perpetrator may attempt to qualify for a mortgage by way of false statements. A fraud can also be a hoax, which is a distinct concept that involves deliberate deception without the intention of gain or of materially damaging or depriving a victim.. “The answer is, there’s no easy answer.” from an article in the Los Angeles Times.

She said researchers have found little correlation between a person’s age, or financial literacy and the likelihood of that same person being taken to the cleaners by con artists.

For example, it might be assumed that seniors are most easily fleeced because they’re so often targeted by fraudsters. But studies by the Federal Trade Commission have found that older consumers are less likely to be victimized than younger consumers, maybe because they’ve been around long enough to spot a pig in a poke.

Similarly, there are no firm conclusions to be drawn based on gender, race or education level.

“What we’ve found is that different types of fraud work on different profile types,” said Martha Deevy, director of the Center on Longevity’s Financial Security Division. “For instance, investment fraud works best on highly educated men, who think they’re too smart to be scammed.”

One problem with understanding the nature of fraud victims is that many people are embarrassed to report being ripped off, so it’s difficult to draw hard-and-fast conclusions from available data. Nor is it even clear how much financial fraud occurs in any given year.

It’s frequently estimated that between $40 billion and $50 billion worth of fraud is inflicted on U.S. consumers annually (though this may actually be off by an order of magnitude). But Deevy pointed out that jailed PonziPonzi A Ponzi Scheme is a form of fraud that lures investors and pays profits to earlier investors with funds from more recent investors. The scheme leads victims to believe that profits are coming from legitimate business activity (e.g., product sales or successful investments), and they remain unaware that other investors are the source of funds. A Ponzi scheme can maintain the illusion of a sustainable business as long as new investors contribute new funds, and as long as most of the investors do not demand full repayment and still believe in the non-existent assets they are purported to own. schemer Bernie Madoff was responsible for $50 billion worth of rip-offs all by himself.

So How Do Romance Scams Actually Work On People?

(Source Australian Broadcasting)

During the groomingGrooming Grooming is a form of setting up a victim for a scam or other crime by befriending and establishing an emotional connection with the v