In an online auction scheme, a fraudster starts an auction on a site such as e Bay or Trade Me with very low prices and no reserve price, especially for typically high priced items like watches, computers, or high value collectibles.
The fraudster accepts payment from the auction winner, but either never delivers the promised goods, or delivers an item that is less valuable than the one offered—for example, a counterfeit, refurbished, or used item.
Re-shipping scams trick individuals or small businesses into re-shipping goods to countries with weak legal systems.
The goods are generally paid for with stolen or fake credit cards.
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The unwitting victims wire the funds, and subsequently discover they have been scammed.
In response, auto sales websites often post warnings to buyers, for example, those on Craigslist which warn not to accept offers in which vehicles are shipped, where funds are paid using Western Union or wire, etcetera, requesting those postings to be flagged as abuse.
To make the transaction seem more legitimate, the fraudster will ask the buyer to send money to a fake agent of a third party that claims to provide purchase protection.
According to data from law enforcement and consumer protection organizations, fraudulent schemes appearing on online auction websites are among the most frequently reported form of mass-marketing fraud.
Online retail schemes involve complete online stores that appear to be legitimate.
Once the app is installed, seven 'channels' become available (left), which are used to chat with up to seven other users.
When a channel is tapped, it gives the user the option to give it an email address, to which it sends an invite with a link attached.