RealNews

FBI reports Internet fraud complaints tripled in 2002

Fraud on the Internet rose sharply in 2002, with the FBI reporting more than 48,000 complaints referred to prosecutors — triple the number of the year before. By far the most common complaint was auction fraud, followed by non-delivery of promised merchandise, credit card fraud and fake investments, according to the report Wednesday from Internet Fraud Complaint Center, run by the FBI and the National White Collar Crime Center based in Richmond, Va. The total dollar loss of Internet fraud reported to the center in 2002 was $54 million, compared with $17 million the year before. The 48,252 complaints referred for prosecution were far more than the 16,755 such complaints referred in 2001, but they still represent only a fraction of the crimes authorities believe are occurring. Full Story

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