Top Five Online Frauds

The top five online scams on the Internet hit nearly tensupply. You receive goods and reship them to another
million people last year according to an FBI report incountry. You receive wire transfers into your bank
December 2004. That figure doubled from 2003 toaccount and you transfer money into their offshore
2004 and people are continuing to fall for these emailaccount. In return you get to keep a percentage of
and identity theft scams.everything. But with this scam you are taking a big risk
These con artists and hackers are just waiting tobecause you could get arrested for participating in
commit online fraud and steal your identity. Lookmoving stolen property and transferring stolen funds.
carefully at these top five online scams and be awareScam # 5 Congratulations You've Won Scam
of what is going on so you won't become a victim.This email tells you have won a nice prize like a
Scam # 1 Online Auction Scamplasma TV, a new computer or even the lottery. All
You buy something on an online auction, send themyou have to do to claim your prize is go to this web
the money and get nothing in return. Or the productaddress and pay for the shipping and handling with
you get is a fake or a cheap knockoff instead of theyour credit card. In the case of winning the lottery they
genuine brand name item. This is a risk you take whenneed advanced fees to cover legal costs. Not only do
buying from an online auction.you never get the prize but you start getting
Scam # 2 Phishing Scammysterious charges on your credit card.
The phishing definition is when a fraudster spams theSo what's the best thing to do when you or someone
Internet with email claiming to be from a reputableyou know has fallen for one of these scams? Some
bank. The email outfitted with authentic bank logospeople are embarrassed and don't want to tell anyone.
asks you to log in and verify your account information.But that's how these thieves get away with these
The theif captures your account information from thethings for so long without getting caught. The best way
web adress they take you to and drains your account.to stop these con artists from operating is to report
These can also become identity theft scams tooemail scams to the authorities.
because they can sell your information to otherThe best place to report email scams is The Internet
criminals.Fraud Complaint Center or (IFCC). They are a
Scam # 3 Nigerian Letter Scampartnership between the Federal Bureau of
These email scams usually start out with all capitalInvestigation (FBI) and the National White Collar Crime
letters and begins with: DEAR SIR/MADAM. The emailCenter (NW3C). Their web address is:
goes on to say they are the some minister ofIFCC's mission is to address fraud committed over the
something for an African country. He wants you toInternet. For victims of Internet fraud, IFCC provides a
help him get millions of dollars out of the country. Youconvenient and easy-to-use reporting mechanism that
just need to pay for legal fees and some otheralerts authorities of a suspected criminal or civil
advanced fees before the transaction can be finalized.violation.
You would think people would be too smart to fall forBy becoming aware of these top five online scams
this. But you would be wrong.and reporting email scams to the IFCC you can make
Scam # 4 Reshipping Scamthe Internet safer for everyone.
You are emailed by an offshore corporation thatCopyright © 2005 Spyware All Rights Reserved.
needs a U.S. address and bank account which you