This morning, it was reported that police are investigating an increasingly common con where men pose as sugar daddies online in order to access young women’s bank accounts and steal their money. At least 40 women are known to have been victim to the scam, losing thousands in the process.
According to The Times, men are signing up to sugar dating websites – which facilitate people looking for alternative bonds based on financial benefits and mentorship – without the means to provide for women looking for sugar arrangements, instead duping them into sharing personal information and bank details.
How are they duping these women, you may ask? Well, in many cases the men use the promise of opening up a credit card or new bank account for the victim – or sending them a gift – and instead open it in the victim’s name, running up debt using their identity.
NatWest have recorded 40 cases this year alone, but report that the real figure could be much higher if victims are too embarrassed to speak out about the con. The bank is unclear as to whether the same person has been repeating the con with multiple women or if many men are using the same method. They state that the scam is ‘highly sophisticated’, and have issued refunds to women fallen foul to the fraudulent activity.
One victim, anonymously dubbed Mary in an interview with The Times, was defrauded of over £4,000 by a sugar daddy she met on Seeking (formerly known as Seeking Arrangement) which is the most…