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Feds and State Authorities Root Out Internet Scams
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posted by justfred
on Tuesday July 30, @12:48PM
from the scanning-for-scamming dept.
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Federal and state law enforcement authorities have taken action against 19 online scams that they say collectively cheated consumers out of millions of dollars.
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An Internet law-enforcement effort by state attorneys general, local law enforcement authorities and various federal agencies targeted work-at home schemes, auction fraud, deceptive use of junk e-mail, securities fraud and other schemes.
While many of the perpetrators live in the Midwest, the crimes targeted consumers nationwide through junk e-mail solicitations or fraud on eBay, Yahoo and other popular Internet auction sites, according to a spokeswoman for the Federal Trade Commission. The head of the FTC's consumer-protection division said the Internet enabled scam artists to reach a wider audience than before.
"Scams on the Internet spread very quickly," said the FTC's Howard Beales. "That's why the FTC and our partners are moving aggressively to shut these schemes down."
Several cases have been settled already, with punishments ranging from seven-year jail sentences to agreements by defendants to stop their schemes.
Check out Reuters for the full report.
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