Look out for individuals on dating applications that use financial investment possibilities also excellent to be real.

That’s the message from the Area Lawyer’s Workplace in New york city City, which just recently brought costs versus an existing Lothario they declare tricked his fans out of millions.

Nelson Counne, that likewise passes “Nelson Roth” or “Justin Roth,” was fingered in a Manhattan court for swindling greater than $1.8 million from 5 ladies with a collection of love and also investment scams.

” He purportedly fed lie after lie to ladies he incorrectly asserted to have a charming rate of interest in, luring them with financial investment possibilities that never ever existed while utilizing their funds to settle previous targets, attraction in brand-new ones, and also money his way of living,” stated Area Lawyer Alvin L. Bragg, Jr.

Related: The Scam Artist Who Robbed Backstreet Boys and NSYNC Blind. ‘Some of the Guys Couldn’t Pay Their Car Payment.’

Dating for dollars

Counne, 69, satisfied a lot of his targets through on the internet dating websites, where he impersonated an affluent retired art supplier and also financier with houses in London, Manhattan, and also the South of France, according to the charge.

Actually, Counne does not possess any kind of houses and also never ever takes a trip worldwide– he does not also have a key. His single income was the cash he swiped from his fans in between 2012 and also 2021.

The fraud functioned similar to this: After winning his targets’ love and also trust fund, Counne encouraged a number of them to attach him. He never ever shared any kind of information of his transaction, asserting the financial investments remained in a “grey location in between lawful and also unlawful” which he had accessibility to details.

Several of his bogus financial investments consisted of Alibaba and also a start-up allegedly run by a previous Google exec, which would certainly give an on-line lotto that prospective university student can pay to go into for an opportunity to win tuition protection.

” A lot of the targets were originally reluctant, yet Counne lingered till each accepted spend,” according to a news release by the Manhattan Area Lawyer’s Workplace.

A Ponzi scheme

The DA declares that Counne ran a traditional Ponzi system, making use of the cash from among his marks to pay one more. This allowed him to show up rich to brand-new targets and also settle previous targets dubious of his scams.

Counne currently deals with costs of system to rip off in the initial level, grand larceny in the 2nd level, and also grand larceny in the 3rd level.

Love rip-offs similar to this are not unusual. In 2021, some 24,000 targets reported shedding roughly $1 billion to love rip-offs, according to the FBI.

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