Romance Scams Look out for romance scams this Valentine's Day Protect yourself from romance scammers. Look Out for Romance Scams this Valentine's Day Protect yourself from romance scammers. Yes ... this season through romance scams. A romance scam occurs when a person pretends to seek a romantic relationship with another person to exploit them emotionally and financially. These scams are common online, with many scammers looking for victims on dating sites, social media or through wrong-number texts. In the US, 64,003 romance scams were reported in 2023, totaling a loss of $1.14 billion