This report presents an in-depth look at how the group’s romance scams work, and includes the heartbreaking case study of a victim who was conned out of more than $50,000.
Scarlet Widow has mastered the seductive art of the romance scam, defrauding victims in the United States out of thousands of dollars through a prolific number of cons. In all romance scams had led to personal losses of nearly $1 billion in the US and Canada since 2015, according to research from the Better Business Bureau (BBB). And that’s only the crimes that get reported. In all actuality, this number is likely much larger.
This document is the first of two reports Agari has prepared on Scarlet Widow. The second report, which will be released in late February 2019, covers more about the group’s members and structure, their transition to BEC attacks, and how they launder their fraudulent proceeds.