We often think of fraud as stolen identity or swiped credit card numbers. But what happens when the fraudster is your boyfriend—and he is part of a multi-million dollar fraud scheme?
On Saturday at 7pm ET, W5 will tell the story of a woman who died by suicide after her bank account was drained by her long-distance boyfriend. He wasn’t an oil rig worker like he claimed, but instead a member of a specialized crime group that uses love to siphon money from unsuspecting victims.
The one-hour episode will also document a conversation with an undisclosed source who infiltrated one such group called the black axe, to expose the complexities of romance fraud as an industry.
These love scams are more common than you’d think. In 2018, they cost Canadians more than $22.5-million; financially surpassing any other form of fraud. This number is based on the belief that less than five percent of victims actually report it.
W5’s Avery Haines sits down with Your Morning to discuss the growing risk of romance fraud worldwide, and the dangers of the “invisible man.”