Fraud and Scam News

A common internet fraud involves self-proclaimed “manufacturers” selling exclusive products online at throwaway prices through their “company” websites. Often, these scamsters are also known to manipulate rules and sell their products through popular online shopping sites.

Their aim is to capitalize on a new wave of interest for a particular product by offering them at extremely cheap rates online. The products are carefully selected - they are either proven merchandise like cell phones or printer ink cartridges or new eyeball-grabbers that have recently begun to catch on like new digital cameras or camcorders.

If not ascribed to a sudden fit of benevolence, this largesse on the company’s part is claimed to be due to savings resulting from bypassing the company’s mainstream distribution network that are being passed “honestly” to their customers. The offers are pitched shrill and create pressure by declaring that it will stand for a limited period only.

Gullible customers who do buy in on the offer make payments through credit cards online and endlessly wait for their goods to turn up but to no avail. Their attempts, then, to contact the manufacturer via email, ordinary mail or by phone also yield no result. They realize too late that they have been taken for a ride.

Sometimes to add insult to injury, some amongst these fraudsters are even known to send photographs of the promised products leaving the victims high-and-dry and bemused whether to laugh or to cry!

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