Feeds

FBI cracks down on pyramid scam cybervillains

Charges 88 in nationwide swoop

  • alert
  • submit to reddit

Application security programs and practises

The FBI has charged 88 people with Internet fraud after a nation-wide swoop.

Those charged allegedly defrauded a total of 56,000 surfers out of more than $117 million.

Schemes targetted were pyramid scams, online auction fraud, systematic non-delivery of goods bought over the Net, credit card fraud, bank fraud and multi-level marketing, according to a statement by the FBI and the Internet Fraud Complaint Center (IFCC).

The charges were the result of "Operation Cyber Loss", and involved 61 separate local, state and federal investigations.

"Just as neighbourhood watch programs keep watch over their neighbourhoods and report suspicious activity to law enforcement, Internet users now have a 'cyber community watch' program," said Attorney General John Ashcroft.

"When individual citizens, businesses, and consumer agencies work with law enforcement at all levels, we help ensure the safety and security of the Internet." ®

Related Link

IFCC statement

Related Stories

FBI cybersleuths incompetent - Congress
US fraudster sent to jail after refusing to give up the Net
US lawyer and pals indicted for shill bidding on eBay
Online fraud rife in the US

The Power of One eBook: Top reasons to choose HP BladeSystem

More from The Register

next story
BBC goes offline in MASSIVE COCKUP: Stephen Fry partly muzzled
Auntie tight-lipped as major outage rolls on
There's NOTHING on TV in Europe – American video DOMINATES
Even France's mega subsidies don't stop US content onslaught
You! Pirate! Stop pirating, or we shall admonish you politely. Repeatedly, if necessary
And we shall go about telling people you smell. No, not really
Airbus promises Wi-Fi – yay – and 3D movies (meh) in new A330
If the person in front reclines their seat, this could get interesting
UK Parliament rubber-stamps EMERGENCY data grab 'n' keep bill
Just 49 MPs oppose Drip's rushed timetable
Samsung threatens to cut ties with supplier over child labour allegations
Vows to uphold 'zero tolerance' policy on underage workers
Dude, you're getting a Dell – with BITCOIN: IT giant slurps cryptocash
1. Buy PC with Bitcoin. 2. Mine more coins. 3. Goto step 1
US freemium mobile network eyes up Europe
FreedomPop touts 'free' calls, texts and data
prev story

Whitepapers

Reducing security risks from open source software
Follow a few strategies and your organization can gain the full benefits of open source and the cloud without compromising the security of your applications.
Consolidation: The Foundation for IT Business Transformation
In this whitepaper learn how effective consolidation of IT and business resources can enable multiple, meaningful business benefits.
Application security programs and practises
Follow a few strategies and your organization can gain the full benefits of open source and the cloud without compromising the security of your applications.
Boost IT visibility and business value
How building a great service catalog relieves pressure points and demonstrates the value of IT service management.
Consolidation: the foundation for IT and business transformation
In this whitepaper learn how effective consolidation of IT and business resources can enable multiple, meaningful business benefits.