JTPeach/Internet fraud

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Charity fraud

Main article: Charity fraud

The scammer poses as a charitable organization soliciting donations to help the victims of a natural disaster, terrorist attack (such as the 9/11 attacks), regional conflict, or epidemic. Hurricane Katrina and the 2004 tsunami were popular targets of scammers perpetrating charity scams; other more timeless scam charities purport to be raising money for cancer, AIDS or Ebola virus research, children's orphanages (the scammer pretends to work for the orphanage or a non-profit associated with it), or impersonates charities such as the Red Cross or United Way. In recent years, there have been cases of scams being committed by the people who started the charity. A recent example of this was the head of the Long Island Charity, Wafa Abbound. Abbound was found guilty of stealing close to a million dollars. She was charged with bank fraud, money laundering, and embezzlement. There are many methods scammers will use. First they will ask for donations, often linking to online news articles to strengthen their story of a funds drive. The scammers’ victims are charitable people who believe they are helping a worthy cause and expect nothing in return. Once sent, the money is gone and the scammer often disappears, though many attempt to keep the scam going by asking for a series of payments. The victim may sometimes find themselves in legal trouble after deducting their supposed donations from their income taxes. United States tax law states that charitable donations are only deductible if made to a qualified non-profit organization. The scammer may tell the victim their donation is deductible and provide all necessary proof of donation, but the information provided by the scammer is fictional, and if audited, the victim faces stiff penalties as a result of the fraud. Though these scams have some of the highest success rates especially following a major disaster and are employed by scammers all over the world, the average loss per victim is less than other fraud schemes. This is because, unlike scams involving a largely expected payoff, the victim is far less likely to borrow money to donate or donate more than they can spare.

Counterfeit postal money orders

According to the FBI, on April 26, 2005 Tom Zeller Jr. wrote an article in The New York Times regarding a surge in the quantity and quality of the forging of U.S. postal money orders, and its use to commit online fraud. Counterfeiters will conduct these scams through emails or chat rooms. If a person is trying to sell or give away an item of theirs, counterfeiters will make them believe that they are related to auction sites such as eBay. As of right now, there is no way to figure out how much money is being taken through these fake orders, the United States Postal Service believes that it is in the millions. The people who are targeted the most are those who are smaller retailers who operate through the internet or everyday people who sell or pay things on the web. Owing to the lack of rules or warning signs about counterfeiters, more and more people will be affected.

Many companies like UPS and Federal Express have started to collaborate with the United States Postal Service to begin surveilling money postal orders. This way they can spot the real from the fake, however this is easier said than done, so they advocate users to be cautious when making a money postal order. Arrests have taken place, between 2004 and 2005, 160 counterfeiters were arrested. Many of these arrested were caught in the process of cashing in the money they have stolen. In the United States of America, the penalty for making or using counterfeit postal money orders is up to ten years in jail and/or a $25,000 fine.

Purchase fraud

Scammers will use the World Wide Web to advertise non-existent goods or services. Payment is sent remotely but the goods or services never arrive. The methods these scammers use are they will give these fake products very low prices, they will want to make payments through electronic fund transfers, and they will want to do it right away. Payments will not be conducted through PayPal or credit cards. These services are too secure and will cause issues for the scammers. All of these methods are also ways to figure out whether or not these are actually scams. Another way to spot the scam is privacy and contact details, information about delivery, terms and conditions, etc, will not be presented. Scammers will use fake stores. These fake stores the scammers operate from, will be broadcast them through social media. This is done primarily because there are a lot of people who use social media and the number keeps growing everyday. These stores will not be up for a long period. They will only stay up for a couple of sales, then they will move on and close the site. Usually, a way to spot these fake stores is to look for online reviews, if they do not have any reviews, they are fake.

See also

• Advance fee fraud
• Business logic abuse
• Carding (fraud)
• Credit card fraud
• Email fraud
• Employment scams
• FBI
• Forex scam
• Fraud
• Hijacked journals
• Mail and wire fraud
• Online pharmacy
• Pharming
• Romance scam
• Sick baby hoax

References

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