New Mexico Ranks No. 2 Seeing Increase in Romance Scams in 2022

A new study shows Americans lost a record $1.3 billion to romance scams in 2022, up 138% from $547 million in 2021. This marks the largest single-year hike over the past five years.

New Mexico ranks No. 2 seeing a 268% increase in money lost to romance scams from 2021 to 2022. The state ranks No. 3 for the highest average loss per victim at $57,001.

In terms of total money lost, New Mexico ranks No. 25 with 128 victims losing $7.2 million in 2022. This is up from $1.9 million in 2021 when the state ranked No. 42.

The 10 states that lost the most money were highly populated led by California, Texas, Florida, and New York but it was smaller states that saw the biggest increases in money lost year-over-year led by Arkansas (398% increase), New Mexico (268%), and Maine (216%). Four new states entered the top 10 in 2022 for total money lost -- Arizona, Ohio, North Carolina, and Illinois.

Social Catfish, a reverse search technology company, today released a study on the State of Romance Scams in America using FBI’s IC3 and FTC data from 2023, and internal data from 10 million of its users.

Key Findings:

Most Total Money Lost: California ($158M), Texas ($60.3M), Florida ($53.4M), New York ($33.5M), and Arizona ($25.4M).

 Crypto is the No. 1 Payment Method: Accounting for 34% of all money lost in 2022. Bank wire transfers was No. 2 at 27% and gift cards was No. 3 at 7%.

Highest Average Loss per Victim: California ($72,239), North Dakota ($59,238), New Mexico ($57,001), Wisconsin ($53,309), and Delaware ($46,065).

 Biggest Increase in Money Lost From 2021 to 2022: Arkansas (398%), New Mexico (269%), Maine (216%), New Hampshire (155%), and West Virginia (135%).

Most Common Lie Used by Scammers: Being “sick, hurt or in jail” was the most common lie used in 24% of scams. The No. 2 lie was “I can teach you how to invest” used in 18% of scams.

Romance Scams to Avoid in 2023:

Celebrity Romance Scam: Scammers are increasingly pretending to be celebrities on social media. One victim sent money to a fake Nicolas Cage and another chose not to send a fraudulent Kenzie Reeves $400,000 to help him finance theJohn Wick movie.

How to Avoid: If a celebrity asks for money, it is a scam. Fake accounts have less followers and strange handles.

 Cryptocurrency Romance Scams: Fraudsters claim to have gotten rich in crypto and convince the victim to invest with them by downloading an app. While the app even has data showing return on investment, it is all just a scam.

How to Avoid: Never make crypto investments with anyone you have not met.

Military Romance scams: Scammers steal military photos and claim to be stationed overseas which is why they cannot meet in person. They ask for money to fly back to the U.S. so they can finally meet and be together.

How to Avoid: Conduct a reverse image searchto confirm the real identity of the person in the photo.

Visit the study to see complete rankings and additional tips and resources to avoid romance scams.

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