FBI: Internet fraud complaints up in 2002

Discussion in 'ten-forward' started by Smokey, Apr 12, 2003.

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  1. Smokey

    Smokey Registered Member

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    FBI: Internet fraud complaints up in 2002

    The FBI's Internet Fraud Complaint Center (IFCC) referred 48,252 fraud complaints to federal, state and local law enforcement agencies last year, triple the 16,775 referrals it made in 2001.
    The IFCC, run by the FBI and the National White Collar Crime Center, said it also received nearly 37,000 other complaints related to computer intrusions, unsolicited spam and child pornography.

    A spokeswoman for the Richmond, Va.-based IFCC said the center is monitoring the fraud complaints but didn't know how many had resulted in convictions because many of the cases have yet to be resolved.

    According to the 2002 Internet Fraud Report, issued yesterday by the IFCC, victims of Internet fraud lost $54 million in 2002, up from $17 million in 2001.

    For the third straight year, Internet auction fraud topped the list of reported offenses, accounting for 46% of referred complaints, the IFCC said. Nondelivery and nonpayment of merchandise made up 31% of complaints, and credit and debit card fraud accounted for 12% of complaints, according to the report.

    Victims who fell prey to one of the most prevalent Internet scams, the Nigerian letter fraud, lost a median amount of $3,864 each, according to the figures they reported to the IFCC, while victims of identity theft reported losing a median amount of $2,000. Check fraud victims lost a median amount of $1,000.

    The IFCC said it received 16,164 complaints last year from people who fell for the Nigerian letter scam, a 500% increase over the 3,232 complaints for that scam recorded in 2001.

    This scam, which has been around since the early 1980s, tells victims they have an opportunity to receive nonexistent government funds from alleged dignitaries, mainly from Nigeria, if they pay money upfront, which many of the perpetrators say will be used to bribe government officials.

    The IFCC said that in 2002, 74 people lost a total of $1.6 million to this scam.

    According to the report, more than 300 people lost a total of more than $800,000 to a Worcester, Mass., woman, Teresa Smith, who purported to sell computers through Internet auctions but never delivered the merchandise (see story).

    Smith, who used a number of identities in order to defraud her victims, pleaded guilty in federal court to five counts of mail fraud and five counts of wire fraud and is awaiting sentencing. She could face up to five years in prison on each count and a $250,000 fine.

    Source: Computerworld
     
  2. Tinribs

    Tinribs Registered Member

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    It amazes me, and saddens me that people are gullible enough to fall prey to such obvious ridiculous scams such as the Nigerian spam emails.
    But then greed can overide common sense.
     
  3. Smokey

    Smokey Registered Member

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    Greed is an extremely bad property of a lot of people, and people
    who suffer from this plague deserve it be swindled. I have no compassion with them, they get what they deserve.
     
  4. Smokey

    Smokey Registered Member

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    What it is: Greed is the desire for material wealth or gain, ignoring the realm of the spiritual. It is also called Avarice or Covetousness.

    Why you do it: You live in possibly the most pampered, consumerist society since the Roman Empire.

    Your punishment in Hell will be: You'll be boiled alive in oil. Bear in mind that it's the finest, most luxurious boiling oil that money can buy, but it's still boiling.

    Associated symbols & suchlike: Greed is linked with the frog and the color yellow.

    Source: http://deadlysins.com/sins/greed.html
     
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