Financial risks of romance scams: What advisers need to know

Romance scams are a pervasive and devastating form of fraud that can have severe financial and emotional consequences for victims. Financial advisers are in a unique position to help clients recognise and avoid these scams, which have become increasingly sophisticated with the advent of technology and social media. Two recent high-profile cases highlight the risks and challenges associated with romance scams.  The Brad Pitt impersonation scam  In a shocking case reported by HuffPost, a French interior decorator named "Anne" was scammed out of 830,000 euros (about £696,000) by som...