According the U.S. Federal Bureau of Investigation's Internet Crime Complaint Center (IC3), auction fraud complaints made up about 45% of the 207,492 complaints received by the IC3 last year. That number is down significantly from 2005 when auction fraud was cited at 63%, but nevertheless, Internet auction fraud remains the most frequently reported online crime. Overall, the number of complaints received by IC3 was down 10% from the previous year, when the IC3 logged 231,493 complaints. Unfortunately, the total dollar losses reported were up in 2006: US$198 million in total. In 2005 that number was $183 million. Complaints for non-delivery of merchandise represented 19% of complaints, compared to 16% in 2005. The median dollar loss reported per complaint was $724, according to the FBI.
News source: PC World
News source: PC World
I've never used any online auction site because 1% chance of being frauded is too much for me. There needs to be a change in the way online auctions do business.
I'd like someone for once to do a story on the scam job pulled by businesses in the real world, scamming customers out of their money once they pay for something, and no longer giving service, or customers getting screwed out of their rebates because businesses never had any intention of paying them.
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