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Fri Oct 13 2006 00:41:11

Ramifications of Online Auction Fraud

By: Ina Steiner

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Headline reads, "Plane bombers raised funds on eBay," (AFP), The Australian, 10/13/06 (Link)

Having tracked online fraud for years now, this doesn't surprise me. I wonder how many online-auction buyers have wire-transferred money to organized crime rings and terrorist groups.

AuctionBytes has a Fraud Resource Center (link), but the best two pieces of advice I can give people are: don't click on links in an email to log-in to a site, and never-ever wire-transfer money to people other than family members - you are handing over your cash when you wire money.

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by: auctionstar

Sat Nov 4 23:48:03 2006

Wiring money is absolutely no good in online auctions regardless if it is regular auction like or reverse auction like . However, if you are familiar with the company and its products, and/or the company is very professional about warranty, return policy, shipping procedures, and if it offers all this information on their website, I believe that it is fine to do the wire transfer. If the seller is unknown to you, and you have no way of tracking who this really is - no wire transfers should be performed.

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