Internet Scams Uncovered
Have you ever been a victim of a online fraud. This site hopes to
to shine some light on some cheaters hiding on the Internet.

 
Auction Fraud
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Auction Fraud
 
Auction Fraud

Auction fraud is the single largest category of Internet related complaints in the FTC's Consumer Sentinel database, which logged more than 51,000 auction complaints in 2002. Auction fraud is the most prevalent of Internet crimes associated with Romania. Romanians, long famous in crime circles for gypsies and conmen, have saturated the Internet auctions and offer almost every in-demand product. Auction fraud is the most prevalent of Internet crimes associated with Romania. The subjects have saturated the Internet auctions and offer almost every in-demand product.

Online auction buyers can take other steps to protect themselves. The most important step is this: Never buy from a seller who sells through private auctions in which people are prevented from contacting bidders unless you know the seller and know that there’s good reason for making the auction private. Online auction sites are immensely popular. The largest, eBay, reported third quarter revenues of $1.449 billion, up 31 percent from the previous year, and registered 212 million users, up 26 percent.

Escrow services hold your money for a fee, and only when you receive the merchandise is the money released to the seller. But first check out sos4auctions.com for a list of the fraudulent escrow services. Escrow services, which take your payment and forward it to the seller once you confirm satisfactory delivery, may be helpful for expensive purchases that aren?t covered by insurance or bonding.

Paypal also charges a percentage fee on each transaction of roughly 2.5% at the level of sales that Dweck was attaining, or more than $125,000 in 2004. Also (I know how this looks, and sadly, you're thinking along the right track) Paypal takes their percentage fee on the shipping price too. Paypal, which is now owned by eBay, advises individuals not to use their accounts to collect and transfer money for someone else, saying it is often a form of money laundering.

stodan

 

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