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Sun Oct 26 2008 10:53:24

Cash-Strapped Are Vulnerable to Online Fraud

By: Ina Steiner

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Reporter David Colker has a great piece about online fraud in today's Los Angeles Times newspaper. "Auction and classified-ad sites are prime territory for fraud. People who need the money are most vulnerable." With so many people turning online to find bargains or to sell goods to raise cash, it's imperative they be informed about possible scams.

But it's not just online buyers and sellers who must be wary. Anyone with an email account must watch for the classic job-seeking scam that is actually a money-laundering scheme. I wrote about this in 2003 (here and here) where you can see how the scam works.

Not surprisingly, the scam is still alive and well - I just received an email today that looks for part time employees to process payments for them! I'm copying it below (I've deleted the email addresses, website and names).

Educate yourself and friends and family. It's the people who need money the most who are most vulnerable to such scams, and in today's economy, that includes a lot of us.

My name is Jack ------ am the CEO of ------ IN THE UK Presently, my company is looking for a trustworthy representative in USA/Canada. An excellent opportunity to work at home part time and still keep your full time job.

-------- also have branch in Cyprus and Spain, is a company that produces and sells Chinese materials,Latest textile and fabric material which I supply to my customers in the American geographical region and Europe, For making of good clothes and Fabrics.

Our company produces various clothing materials, batiks, assorted TEXTILES and traditional costumes. We have clients we supply weekly in the states/Canada. My clients make payments for our supplies every week by Checks/Money Orders which are not readily cash able outside of the US or Canada; so we need a representative to assist us in processing the payments. This will enable our cash to flow more quickly and therefore would not tie down our capital.

I would be willing to employ you on contract basis to be my payment representative back in the states. I am involved in alot of travel and this way I could give my clients the authority to make the Checks, money orders, etc out to you. You could then easily cash at your bank, then withdraw 10% of the total amount as your commission and send the rest back to me through Western Union wire transfer.

I NEED YOU TO FILL THIS POSITION AS SOON AS POSSIBLE.

IF YOU AT ALL INTERESTED IN THIS PROPOSAL FOR EMPLOYMENT PLEASE COMPLETE THIS APPLICATION AND LETTER OF EMPLOYMENT.

LOOKING FORWARD TO HEARING FROM YOU SOON.

JOB DESCRIPTION?

1. RECEIVE PAYMENT FROM CLIENTS (Delivered by FedEx or UPS you would need to be at your address to sign)

2. CASH PAYMENTS AT YOUR BANK (PAYMENT WILL BE MAKE IN YOUR NAME TO BE CASHED AT YOUR BANK) CLIENTS WILL CONTACT YOU FIRST AND SEND PAYMENT VIA COURIER OR MAIL.

3. DEDUCT 10% WHICH WILL BE YOUR PERCENTAGE/PAY ON PAYMENT PROCESSED (Example $5000.00 you would deduct $500.00 pay the Western Union fee out of the $4500.00 left and send remainder to my company.

4. FORWARD BALANCE AFTER DEDUCTION OF PERCENTAGE/PAY TO MY COMPANY (WESTERN UNION MONEY TRANSFER).

------ APPLICATION FORM

YOUR FULL NAME.

ADDRESS. (Not .P.O.Box)

CITY.

STATE.

ZIP CODE.

COUNTRY.

HOUSE PHONE.

CELL PHONE.

WORK PHONE.

AGE.

NATIONALITY.

OCCUPATION.

Have You Done This Before indicate Yes/No?.

*Please make sure your telephone # is correct -- I will need to call you when everything is in place.

*Please if you are interested kindly reply to the following email. -----@aol.com

ATTESTATION

You will follow to the rules as advised earlier in this e-mail and by Job Description.

You will notify the company one week ahead if eventually you want to discontinue these funds from coming to your address in order to avoid conflict.

If in agreement to this kindly append signature below.

Regards

Jack ------.

Cell: +44 -----

E-MAIL: ----- @aol

Website

 




Comments (4) | Permalink

Readers Comments

Cash-Strapped Are Vulnerable to Online Fraud   Cash-Strapped Are Vulnerable to Online Fraud

by: rts

Sun Oct 26 16:49:09 2008

''IF YOU AT ALL INTERESTED IN THIS PROPOSAL ''

Bad grammar, the #1 giveaway of scam emails. Sorry, but anybody that falls for this deserves what they get. If it sounds too good to be true, it is.

Cash-Strapped Are Vulnerable to Online Fraud   Cash-Strapped Are Vulnerable to Online Fraud

by: Tired

Sun Oct 26 19:06:09 2008

I am sure there will be some eBay employees out of work soon and they may interested in this line of work as it is much like eBay at present.

Cash-Strapped Are Vulnerable to Online Fraud   Cash-Strapped Are Vulnerable to Online Fraud

by: Steve

Mon Oct 27 18:00:08 2008

I hate to say it but sometimes I think if people are stupid enough to fall for this crap they deserve getting ripped off.  Seriously how does everyone NOT know this stuff is a scam?

Cash-Strapped Are Vulnerable to Online Fraud   Cash-Strapped Are Vulnerable to Online Fraud

by: Petra

Tue Oct 28 21:01:53 2008

People fall for these things because when you're under the gun and strapped for cash to make even minimum payments, and haven't adequately planned for financial rainy days, sometimes it's easier to buy the fantasy and ignore the reality. Remember subprime loans? The same folks who bought into these would be primo candidates for scams.



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