RealNews

Web-Based Con Artists Enjoy Bumper Year

For the third year running, Internet auction fraud was the most reported problem, generating 46 percent of referred complaints. Incidents of internet fraud tripled during 2002 to 48,252 complaints, compared with 16,775 in the previous year, the FBI monitoring centre said yesterday. The annual Internet Fraud Report from the FBI’s Internet Fraud Complaint Center (IFCC) found that, in addition to the rocketing number of cases, the total financial loss from all referred fraud cases rose to $54 million, up from $17 million in 2001. Of those victims who reported losing money, the highest average losses were found among people who had fallen for the “Nigerian letter scam.” Full Story

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