As Valentine’s Day 2025 approaches, the Tennessee Department of Commerce & Insurance’s Securities Division is cautioning individuals about the rising prevalence of online romance scams. These scams, also known as relationship scams, involve fraudsters creating fake online personas to build trust with victims through the pretense of romance or friendship. Once a bond is established, scammers deceive and manipulate victims into giving away money or personal information, leaving them both emotionally and financially devastated.
TDCI Commissioner Carter Lawrence emphasizes the need for vigilance, especially as millions turn to dating apps to find companionship. “If something or someone seems too good to be true, it likely is,” he advises.
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To combat this issue, TDCI’s “Common Cents” campaign recently highlighted romance scams in a video episode. The department advises users to be wary of individuals who refuse to meet in person, live overseas conveniently, or request money for dubious reasons, including supposed medical emergencies or fantastic business opportunities.
TDCI Assistant Commissioner Elizabeth Bowling warns of the risks associated with social media connections, urging Tennesseans to protect themselves by asking questions, maintaining skepticism, and safeguarding personal and financial information.
For more detailed guidance on avoiding romance scams, visit TDCI’s latest blog post. If you have questions about investments, contact TDCI’s Securities Division through their website at tn.gov/securities, by email at securities.1@tn.gov, or by calling 800-863-9117.
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Tennessee AG Warns Against Illegal Sportsbooks
The Tennessee Attorney General’s Office has issued a warning to consumers about the risks of using unlicensed sportsbooks ahead of Super Bowl LIX, as they can lead to financial and identity theft. Illegal gambling sites often appear legitimate but are primarily interested in obtaining consumers’ money and personal information, making it difficult for the state to offer assistance once data is compromised. Bettors are advised to verify the licensure of sportsbooks before use, with the Sports Wagering Council offering resources to confirm legal operators.