Monday, October 22, 2012
Assignment #13
Scams And Schemes
I've never personally experienced a scam but i will give an example of what kind of scams people can use. For example "A scam-artist lists 25, 50 or 100 quantity of a very high cost software program (i.e. MS Office) for sale for $20-$40 on an auction site. Because of the low price the product is usually sold out quickly. The scam artist then sends you the e-mail saying you won the bid and you can send the money (money order or cash) to him at a PO Box. He also states your product will be shipped as soon as the money is received. You then send your money because you are bound by the rules of the auction to honor your bid. Guess what? He never had the product and never intended to send anything to you. He just made $1,000 to $2,000 in 24 hours and you and 50 others are out the money. The auction site keeps it quite to protect its own image, and someone pulls the scam all over again!" thats my example of a scam that someone can pull off.
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