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Craigslist and eBay Timeshare Scam

 

 

 

 

 

Craigslist and Ebay Scams Continue to Target Consumers- Perpetrating More Than $100 Million in Fraud
05/25/2012

Craigslist and eBay Timeshare Scam

 

A respected tech blogger recently shared an attempt to scam him after he posted an item for sale on Craigslist. The report shows just how sophisticated and individualized these con artists have become, often creating large networks of thieves that can be spread across the world.

The poster also refers to a Reuters story originally published last summer which claimed that internet based fraud using sites like Craigslist and Ebay have cost consumers more than one hundred million dollars.

Follows is an except of that article....

"U.S. and Romanian police have arrested more than 100 people in a year-long effort to stop Internet fraud schemes that have cost Americans more than $100 million, the U.S. Justice Department said on Friday. Romanian police carried out 117 raids on Friday, the Justice Department said. They arrested 90 people in sweeps in nine cities, the BBC reported.
The schemes worked like this: Romanians posing as U.S. citizens would advertise on Craigslist or eBay websites that they were selling a car or boat or other expensive item, and offer delivery if the seller wired money to them. Once the money was sent, people called "arrows" would retrieve it, often using faked identities. "They would subsequently wire the funds overseas, typically to individuals in Romania, minus a percentage kept for their commissions," the Justice Department said. Police have arrested "arrows" or money mules in Florida, Kentucky, Missouri, Pennsylvania and Texas in the past 18 months."

 

 

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