"I Am Ashamed I Let Myself be Tricked": Non-Monetary Consequences of Experiencing Catfishing Financial Fraud

• In Event: Contemporary Issues in Victimization: Religion and Fraud

Abstract

It is estimated that billions are lost each year from financial fraud (FTC, 2024). One of the many forms that financial fraud can take is catfishing, or the misrepresentation of an online profile in order to further a relationship with someone. While not all forms of catfishing are financial fraud, experiencing catfishing can result in a variety of negative consequences. The current study seeks to examine the possible consequences of victims of catfishing financial fraud. Specifically, we examine the physical and emotional consequences experienced by victims that not only had been catfished but also were defrauded out of money. Those who experienced financial fraud were more likely to experience emotional and physical consequences following their victimization. Victims reported the experience caused them mild to moderate distress. Policy implications, including the importance of examining non-financial impacts on victims will be discussed.

Authors

• Katelyn Golladay, University of Wyoming

• Jamie Snyder, University of Wyoming