What is Internet Fraud?

Has your hard earned cash been taken by online swindlers?

Wikipedia defines internet fraud as:

The term "Internet fraud" generally refers to any type of fraud scheme that uses one or more online services - such as chat rooms, e-mail, message boards, or Web sites - to present fraudulent solicitations to prospective victims, to conduct fraudulent transactions, or to transmit the proceeds of fraud to financial institutions or to others connected with the scheme.

Quite a mouthful you are right. Let's see what else we can uncover.

With so many opportunities online offering their sure-fire ways to riches by setting you up with a home based business of the
"gurus" own design, it can be an arduous undertaking trying toweed out the real ones from the ones who just want to steal your
funds. If you know what to look for it will make all the difference between finding a true viable opportunity or sending
someone else to the bank with your money laughing all the way.

Understand that not all of the people with their opportunities that make these tantalizing claims of success are out to take
your money, but there are four things that most of these companies have in common: You must know these when deciding what
to take on.

1. Huge upfront investment

2. The chance to make big money with little work

3. Do not clearly state what you will be selling

4. Lack of available contact information

It is not uncommon for companies to want a certain amount of money before you're able to be a representative for their business, but please contemplate the amount they need from you to be able to sell or offer their product(s) or service(s) before going with them.

Companies that focus their training on recruiting others into the business and offer a "bounty" for doing it successfully rather than selling a product or service may just be on the illegal side of the fence.

Companies that promise huge earnings with hardly no work on your part most likely are being dishonest and are just trying to convince you to take the bait. Don't bite though. You know in your heart that there is no such thing as a free lunch in the world of businesses.

If you have been reading an online based business opportunity for several minutes and have no idea about the product or service you are being asked to sell, it could be an indication of a scam. Many keep it a secret until you have spent your money and find out there is no way you can sell this to others with a clear conscious. Know what the product is, and how much it will cost, before considering the offer any further.

Email addresses and post office boxes are not good contacts at all. Those two should be definite warning signs when considering. Also, those great money back guarantees are usually only good if they provide great contact information.

stodan

Source: http://www.ic3.gov

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