• Financial Losses: Victims may lose large sums of money, with no possibility of recovery as the fraudsters disappear.

  • Identity Theft: Personal information shared during these interactions can be used for identity theft.

  • Emotional and Psychological Impact: The emotional toll of losing money can be severe, especially for those already financially strained.

  • Involvement in Money Laundering: The scam is often linked to illegal financial operations, including large-scale money laundering.