US Auction Info
Victims lost more than $180 million in web fraud incidents reported by the Internet Crime Complaint Center (IC3) last year, according to the IC3’s fifth-annual Internet Crime Report.
The center logged more than 228,400 internet crime complaints last year, 97,076 of which were forwarded to federal, state and local law enforcement agencies, according to the report.
Of those, the median dollar loss was $424 per complaint. Total reported losses were up nearly 170 percent, from $68 million in 2004. In 2001, the inaugural year of the report, losses totaled $17.8 million, according to the report.
Victims of the Nigerian email scheme suffered the largest median loss - $5,000 – and check fraud victims lost a median of $3,800, according to the report published by IC3, a partnership between the FBI and National White Collar Crime Center.
Fraud conducted through auction websites was the most common offense, comprising 62.7 percent of referred complaints, the report showed. Most of the problems were caused by undelivered merchandise and credit card fraud.

Posted: 04|12|06 at 7:34 am. Filed under: Auction News.