David Hodgkinson, from Margate in Kent, advertised his profile on a variety of internet dating sites and was approached by a Russian woman called 'Natalia'.
Hodgkinson sent the woman £10,000 (A$23,972) so that she could obtain a visa and purchase a ticket to fly over and meet him in the UK.
After being given a variety of arrival dates he went to Heathrow to meet her four times but she never arrived.
"I feel no ill in my heart. I did really love her," Hodgkinson told the BBC.
Hodgkinson then tried a Christian dating site and stared chatting with a woman from Senegal. He sent her £6,000 (A$14,386) but again she failed to turn up.
Hodgkinson borrowed money from his elderly mother and remortgaged his home to pay for the two girls. His mother is now taking out a loan to clear his debts.
"I did tell him off about keeping going to Heathrow," she said. "In my heart I knew they wouldn't ever turn up. But he never listened."
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