Auction Fraud is the Third Most Common Internet Complaint
The Internet Crime Complaint Center fielded 303,809 reports of cybercrime in 2010. Of those cybercrime reports, auction fraud was the third most common complaint. Auction fraud refers to fraudulent transactions on online auctions. Either a product advertised for sale is misrepresented, or purchases are never delivered at all. The IC3’s annual report explains, “Historically, auction…
