February 2026: Romantic Text Scams

The Tennessee Department of Commerce & Insurance (TDCI) is warning residents about a growing online romance scam known as “pig butchering,” a scheme that builds trust over time before draining victims of their savings.

With February being the month of love, regulators in Tennessee say it is critical to stay skeptical, especially when new online relationships quickly turn into financial conversations.

It often starts with a simple text. A wrong number. A friendly stranger. A new connection around Valentine’s Day. But state regulators warn that for some Tennesseans, that message could end in financial ruin.

The Tennessee Department of Commerce and Insurance (TDCI) is warning residents about a growing online romance scam known as “pig butchering,” a scheme that builds trust over time before draining victims of their savings.

Unlike traditional romance scams that move quickly, officials say this version unfolds slowly, sometimes over months.

"Pig Butchering scammers create a false sense of trust and friendship all in an elaborate effort to rob their victims,” said TDCI Assistant Commissioner Elizabeth Bowling. “I encourage Tennesseans to protect themselves and their wallets by never accepting what a stranger says at face value, asking questions, being skeptical, and never sharing their personal or financial information with someone they don’t know."

According to TDCI, the scam often begins with an unexpected text message or voicemail from someone claiming to have the wrong number. When the recipient responds, the conversation continues and a relationship forms.

Eventually, the scammer introduces cryptocurrency or investment opportunities. Regulators say the victim is gradually encouraged to invest larger amounts of money until they lose much or all of their life savings.

TDCI says common red flags include:

• Text messages from unknown numbers claiming to be a mistake

• A relationship built entirely through phone or text with someone you have never met

• Pressure to invest in cryptocurrency

• Requests to move conversations to different platforms

Officials also warn that romance scammers often refuse to meet in person, claim to live overseas, or say they are working on an international project.

Victims may be asked to send money for emergencies, wire transfers, or so-called business opportunities. In some cases, the person requesting funds may not match the company or investment originally discussed.

To report a suspected Pig Butchering scam, TDCI urges residents to contact local law enforcement or their local FBI office.

- article from fox17.com