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Fraudsters will go to great lengths to con their victims, even if it means pretending to be an NFL player.
Thirty-five-year-old Daejon Labrayae Love allegedly defrauded 26 women and stole $1.3 million in an elaborate investment and romance scheme,NBC Bay Areareported.
Jeff Bezos backs a platform that lets anyone invest in rental homes for as little as $100 —6 ways to build wealth like a landlord without actually being one Dave Ramsey warns nearly 50% of Americans are making 1 big Social Security mistake.Here's what it is and 3 simple steps to fix it ASAP The tax breaks in Trump's 'big beautiful bill' expire after 2028.Here are 4 moves to make before the window closes Love allegedly met women on social media and portrayed himself as either a member of the San Francisco 49ers or as a wealthy real estate investor living a luxury lifestyle.
He would then forge romantic relationships with the victims and claim he wanted to build more wealth with them.
Love and his alleged accomplice, Taylor Jamie Chan, 18, created fictitious investment opportunities to convince victims in Oregon, Washington, Idaho, and California to buy in with their own money or by taking out a personal loan, according to theUnited States Attorney's Office District of Oregon.
Chan's alleged role was as Love's "investment adviser." Under this guise, he would send messages to Love encouraging him to invest in new opportunities.
Love would then forward the messages to the victims, claiming it would generate large returns.
Once victims either ran out of money to invest or began to ask too many questions, Love would block them.
Both men were recently arrested in Boise, Idaho.
Each was charged with conspiracy to commit wire fraud and wire fraud.
The cautionary tale above is an example of a romance scam, specifically a "pig butchering" scam where criminals forge close relationships with victims and convince them to invest in a fake investment vehicle.
The term "pig butchering" refers to the practice of fattening up the animal before slaughter.
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