Someone with the habit of getting sympathy to get financial help.

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I recently (about a couple of months ago) met a new friend who also joined our group. He's been very open about his life especially his lowest point. It's really unusual but I wasn't really suspicious about it at first. I am aware that there are people who don't hesitate to simply disclose everything that happened to them for testimony's sake. Well, I thought that he's just opening up to me for the sake of conversation. Until, eventually, I found out that it's been a habit of his to just share his stories to EVERYONE. Well, he's in big financial debt and his girlfriend left him for no apparent reason (all based on his story). First response, of course, is to empathize. I felt for him. But, little by little, I started noticing certain lifestyle that's not anymore appropriate for him because of his situation. He goes out everyday with different people. And, he has the habit of borrowing money even to strangers. Even to those who he met just today. He would get people's mobile numbers and other contacts then will share with them the same stories he'd usually share with those he met previously. Until, it appears to me like a pattern already. He'd get people's empathy/sympathy then will get monetary help from them. Some are generous enough to give whatever amount. Some lend. Thing is, he won't initiate or must I say, he doesn't seem to be obligated to give back whenever he receives something (say when it's payday). And, what's questionable is he is always in need. He has a regular job. Though, he's continuing school. He'd always share how he needs financial blessing for his dorm rent, school fees, etc. Not to mention, he still owes a hospital some amount after he was admitted and undergone surgery (liver). He did mention that part of it was shouldered by his ex-girlfriend. Sometimes, am thinking if those stories are true. It's become very questionable that he borrows money from EVERYONE. I started becoming careful introducing him to my other friends in fear he might also get their numbers and will borrow money from them. Am not sure if I had just gone too suspicious or what... Is there something to really be concerned about or am I overreacting? Your thoughts?