Internet Fraud Scams

1
Internet Fraud Scams

• What they are and how to protect yourself.

2
What are They?

• Proof that a fool and his/her money is soon
  parted.

3
How is it done?

• A request for personal information
• With the promise of a great deal.
• With a promise to fix your credit or stop a
  credit issue.
• A request to cash checks or transfer funds
• Im a recent widow /a woman in need and require
  your help.
• I have invested in a company that made lots of
  money and have no way to convert it.
• I have to give the government cash in order get
  an inheritance that is due to me.

FEAR
GREED
4
Examples

• Investigation disclosed that unknown person(s),
  by unknown means, obtained access to victims
  bank account and completed 47 unauthorized ATM
  transactions in Mexico and Romania where the
  victim had never been. ECOL is 2,651.66 (USD).

5
Examples

• Investigation revealed that person(s) unknown, by
  use of the internet, scammed victim out of 3,100
  (USD) through a Nigerian fraud scam. Victim
  answered a fraudulent internet employment add
  which hired him and sent him counterfeit
  travelers checks, which he cashed for 5000. He
  was instructed to keep a percentage of the money
  and wire the rest (3,100.00), to the unknown
  person in Nigeria, which he did via Western
  Union, prior to finding out the checks were
  fraudulent. ECOL IS 3,100.00.

6
Examples

• Investigation revealed person(s) unknown, by
  means of a fraudulent Nigerian scheme, committed
  the offense of larceny of private property and
  fraud when they defrauded victim out of 10,000
  (USD). Victim was contacted via internet by what
  he believed was a woman interested in pursuing a
  relationship with him. The subject(s) then
  requested he exchange traveler's checks for U.S.
  Currency, then send the currency to them located
  in Nigeria under the pretense that the money
  would be used to obtain an inheritance and
  purchase a plane ticket to come and visit. The
  subject(s) then supplied victim with 20,500
  worth of counterfeit traveler's checks via mail,
  of which victim subsequently cashed for 10,000.
  Victim then wired 9,000 via western union to the
  Nigerian address supplied by the subject(s).
  Victim paid a processing fee of 540 which
  resulted in a total loss of 9,540.

7
How to protect yourself.

• If you get an email like that
• DELETE IT!!! I know that it sounds real sincere
  and they even sent a picture of themselves. Why
  would they lie about that Yeah right!?!?!
• Do not give them any personal information or even
  respond to it.
• But what if you really feel that you need to do
  something it?
• If a banking institution is named, forward the
  email to that institution and ask them if it is
  legitimate.
• Get some answers about scams at these links
• http//ask.yahoo.com/20040702.html
• http//www.ftc.gov/bcp/conline/pubs/online/inbox.s
  htm

8
Remember!!!

• You are not CSI Home PC so dont try to your own
  sting operation. Youll get burned!!!!

9
Questions?