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

Siebel Strengthens IBM, Microsoft Alliances

More than a year after it first revealed its "separate but equal" integration partnerships with Microsoft and IBM, Siebel says progress has been made in both endeavors more »

New Lawsuit Hits VeriSign and ICANN

A group of eight Internet domain name registrars has filed suit against the Internet Corporation for Assigned Names and Numbers (ICANN) and VeriSign more »

search.lt news

search.lt presents newest links more »

Bill Gates Outlines Technology Vision to Help Stop Spam

Microsoft Outlines Policy and Technical Proposals Aimed at Helping Contain The Spam Problem, Including the Development of Caller ID for E-Mail more »

Towards to the leading IT positions

Infobalt Association Starts OUTSOURCE2LITHUANIA Project more »

Hi-tech criminals target UK firms

British businesses are under siege by criminals and vandals using technology for financial gain or to cause havoc more »

The new services

HP points new weapons against virus, worm attacks more »

search.lt news

search.lt presents newest links more »

W3C adopts DARPA language

The Defense Advanced Research Projects Agency this month announced that the World Wide Web Consortium (W3C) approved a computer language based on DARPA Agent Markup Language (DAML) as an international standard more »

IBM to launch MS Office for Linux

Microsoft denies it is collaborating with Big Blue on Office migration more »