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New Zealand Woman Loses $800K in Crypto Romance Scam Involving Fake U.S. General

Authorities have warned that online scammers are increasingly using fake identities, crypto transfers, and emotional manipulation to target victims.

Written By:
Isha Chavda

Reviewed By:
Divya Mistry

Last updated: 31 minutes ago
Published 31 minutes ago
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Last updated: 31 minutes ago
Published 31 minutes ago
New Zealand Woman Loses $800K in Crypto Romance Scam Involving Fake U.S. General
Show AI Summary
Investigations are ongoing into a suspected romance scam that may have cost a New Zealand woman nearly $800,000 over five years.
The case is expected to inform future law enforcement strategies on combating romance scams that utilize cryptocurrency payments.
Authorities anticipate that the outcome of this investigation will help raise awareness about the evolving nature of online fraud and its increasing use of digital assets.

Police in New Zealand are investigating a major suspected romance scam after a Dunedin woman came forward believing she may have lost nearly $800,000 to an online fraudster posing as a retired four-star American general.

According to a local report, the alleged scam unfolded over approximately five years and involved repeated transfers of money, gift vouchers, cryptocurrency, and other financial payments to a man the victim met online.

The case was revealed after the woman visited a police station in Dunedin seeking advice regarding documents she had received from the individual.

Fake military identity used

New Zealand Police Sergeant Matthew Lee stated that investigators believe the suspect falsely claimed to be a retired U.S. military general as part of the long-running scam.

“The arrangement had allegedly been going on for about five years, and she thought she could have potentially sent around $800,000,” Lee said. “She initially didn’t want to accept the fact that she’s been scammed, but later told police it’s been ongoing for five years.”

A particularly striking element of the manipulation: the woman showed police photographs that appeared to depict the “general” with a South Island mayor at a South Island hospital. Police determined the images had been either digitally altered or AI-generated. The court-release document she had received also did not appear legitimate.

Police said investigations into the matter remain ongoing.

Cryptocurrency and gift cards used in payments

According to investigators, the woman allegedly sent money through direct bank transfers, cryptocurrency payments, gift vouchers, and several other financial transactions over multiple years. 

Law enforcement agencies globally have increasingly warned that romance scams are evolving to include crypto payments, as digital asset transfers are difficult to reverse and can be transferred across borders quickly.

The case highlights the growing overlap between emotional manipulation scams and cryptocurrency-related fraud.

Online financial requests

Authorities are now urging the public to remain cautious when interacting with unknown individuals online, especially when conversations begin involving money or financial emergencies.

“Any time someone asks you online for cash or something of monetary value, it should raise a red flag,” Lee warned.

Police encourage individuals to seek advice from trusted friends or family members before sending money or digital assets to online contacts they have never met in person.

Officials also advised the public to be cautious of unsolicited emails and calls, verify identities carefully, avoid clicking suspicious links, double-check email addresses and documents also remain skeptical of urgent financial requests

Romance scams continue rising globally

Previously, in 2024, Nigerian authorities arrested nearly 800 suspects linked to crypto romance scams during a large-scale raid in Lagos. Investigators stated the building targeted in the operation was allegedly being used as a hub for organised online fraud and digital asset-related scam activity.

Online romance scams have become one of the fastest-growing forms of cyber-enabled financial crime worldwide, with fraudsters increasingly using fake military identities, celebrity impersonations, AI-generated images, and cryptocurrency payment methods to target victims.

The case adds to growing international concerns surrounding social engineering scams, crypto fraud, and identity manipulation across digital platforms.

Also read: Fake TronLink Extension Targets TRON Users in Phishing Scam

Disclaimer: The information researched and reported by The Crypto Times is for informational purposes only and is not a substitute for professional financial advice. Investing in crypto assets involves significant risk due to market volatility. Always Do Your Own Research (DYOR) and consult with a qualified Financial Advisor before making any investment decisions.

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TAGGED:Crypto ScamUnited States
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By Isha Chavda
Isha Chavda is a Junior Writer at The Crypto Times and a B.Com (Hons) graduate with a background in commerce. She reports on crypto news and focuses on creating content that is clear, simple, and engaging for readers. With a strong interest in content creation, she enjoys staying updated with the latest trends and turning them into easy-to-understand stories. Her work combines effective communication to make crypto more accessible and relatable.  
Divya Mistry - Content Editor at The Crypto Times
By Divya Mistry
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Divya Mistry is a Content Editor with over 9 years of experience in news, PR, marketing, and research. Armed with a Master’s Degree in English Literature from the University of Mumbai, she specializes in crafting and refining long-form content across digital and print platforms. Over the years, Divya has contributed to and shaped content for leading brands across a range of industries, including real estate, healthcare, vertical transport, entertainment, lifestyle, education, EdTech, tech, and finance. Her research work has been featured on platforms like DNA India, Forbes, and Elevator World India. She now brings her editorial and research skills to explore the rapidly evolving world of cryptocurrency.

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