Pierce began romantic relationships with women he met through the websites and convinced them to invest thousands of dollars in fraudulent investments.Pierce pleaded guilty to one count of fraudulent schemes and artifices in the dating scam and a similar charge in another case.According to court documents, the scams occurred between 20.Attorney General Mark Brnovich said Pierce also may have done something similar under different company names such as Rebuild Solution Group LLC.Again, both men and women can and have fallen victim to online dating scammers, but women tend to be targeted more aggressively.Interestingly, the AARP says that men fall victim to these scams more often, but that women are more likely to report the scam.Here are six things to keep in mind to help you spot and avoid scammers on online dating sites.
But just as dating app users are at an all-time high, so is the number of people becoming victims of online dating fraud.
Nancy*, a 47-year-old single mother from North Yorkshire was conned out of over £350,000 that way: “I wasn't comfortable, and then I got so far in I couldn't get myself out, and I didn't want to walk away having lost £50,000 or what-have-you, so you keep going in the hope that you're wrong and this person is genuine,” she explained to the BBC.
Nancy is now facing bankruptcy, and although her case is extreme, the average victim of online dating fraud loses £10,000 according to Action Fraud.
Before announcing the sentence, Reinstein told Pierce he delivered "heartache" to the victims.
Pierce told the victims that he was a successful stockbroker with his own business and investment company called Credit Investment Group LLC, according to officials.