IFCC Charges 90 in Internet Fraud Cases

Published: 23 May 2001 y., Wednesday
Operation Cyber Loss gathered information on more than 56,000 victims of Internet fraud, ranging from online auction fraud to Ponzi/Pyramid schemes which fleeced unsuspecting victims of more than $117 million. Federal Bureau of Investigation offices from around the country participated in the search and seizure efforts, resulting in 57 arrests and pleas or convictions on 110 counts. They ranged from mail fraud to intellectual property theft to interstate transfer of stolen property. It's all part of an effort initiated last year with the creation of the Internet Fraud Complaint Center, which tabulates all the fraud complaints it gets into a national picture, something local law enforcement agencies are unable to do. Made up of officials from the FBI and the NW3C, the site was established on May 8, 2000, to let consumers file fraud complaints that went right to federal law enforcement officials. Tracey Silverling, FBI spokesperson, said many times local law enforcement agencies are overburdened with "real life" situations and put online fraud at a lower priority. IFCC figures show 83 percent of Internet auction fraud complaints are against individuals, not businesses. Of that 83 percent, 25 percent do not know the physical address of the person who jilted them, while 14 percent of those that do only have a Post Office box. In 2000, online auction fraud accounted for $4 million in losses; from January to April 2001, complaints have already totaled $3.2 million.
Šaltinis: internetnews.com
Copying, publishing, announcing any information from the News.lt portal without written permission of News.lt editorial office is prohibited.

Facebook Comments

New comment


Captcha

Associated articles

Wincor Nixdorf opens ATM, POS system distribution center in Singapore

Wincor Nixdorf AG has opened a global distribution center in Singapore to support its growing operations in Asia Pacific. more »

Online gambling – MEPs to debate rules to combat fraud, addiction

Over 3 million people in Europe bet online on sports like football, cricket and horse racing. more »

Wincor bankers' symposium: Building customer loyalty in a tough economy

Executives from Wincor Nixdorf Inc. (USA) hosted a bankers' forum last month, highlighting emerging trends in a challenging U.S. economic environment. more »

Push for mandatory reverse ATM PIN adoption rears its head, again

The appeal for a reverse ATM code has again popped up in mainstream press, this time in Illinois, where the (Peoria, Ill.) Journal Star last week reported about a technology that has been discussed in the industry for several years, yet fails to take off. more »

CeBIT previews future tech wonders

At the CeBIT fair grounds in Hanover, Germany, you move into a different realm. One with robots - lots of bots. more »

ATMIA, ATM Marketplace honor ATM companies for outstanding service

During the 10th annual ATM Industry Association conference last month, ATMIA and ATM Marketplace recognized four leading ATM players for their individual or combined contributions to the ATM Industry. more »

Schwarzenegger „pumps up“ CeBIT

The show held annually in the northern German city of Hannover usually invites a foreign nation to become an official partner, but in a historic move that distinction was granted to the State of California this year. more »

ATM Future Trends 2009 provides insight from 20 key industry executives, 1,600 survey respondents

After a six-month research project that involved the surveying of some 1,600 ATM and financial executives from throughout the world, ATM Marketplace and the ATM Industry Association have announced plans to release the findings of their research next month. more »

Tech CU launches GPS-based ATM locator

Technology Credit Union has teamed with LocatorSearch to introduce a global positioning system (GPS) download to help members find surcharge-free ATMs. more »

Video game safety: less legislation, more information

It's easy to demonise violent video games, but a report making its way through parliament says that "video games can have beneficial effects upon young people." more »