Toronto police are seeking a cyber Romeo after women reportedly lost tens of thousands of dollars in a love-them-and-leave-them scheme.

Police said Thursday that two women have lost more than $40,000 dollars in the scam that starts innocently over a popular dating Internet site.

According to police, the 37-year-old suspect starts a friendly conversation with the victims on the website and progresses to a romantic relationship with the unsuspecting women. After a few months he gains their trust by taking them out on dates and introduces them to his friends before disappearing.

As soon as the suspect leaves, the women realize that their money is also gone.

Police said he takes out credit cards and opens bank accounts in the names of the women.

So far two women have come forward, but police suspect there could be more victims.

"We are quite concerned," said Const. Tony Vella. "We're doing everything possible to locate him."

Jason Porter, 37, is wanted on a number of charges including fraud and breaking and entering. Police said Porter bills himself as president of Preston Evans Media, which publishes a Canadian Luxury magazine.