Sign on computer says Warning: Romance scam (Photo: Shutterstock)

As if there aren't enough hazards to their cash for seniors,romance presents yet another way to separate older people fromtheir money.

So says the Squared Away blog at the Center for Retirement Research atBoston College, which cites Federal Trade Commission dataindicating that older folks got fleeced out of an average of$10,000—more than other age groups—by online romancers who turnedout to be long-con grifters and swindlers.

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Marlene Satter

Marlene Y. Satter has worked in and written about the financial industry for decades.