New Auction Scam Tricks People Into Sending Money

from the oh,-those-con-artists dept

Most people know enough these days not to just send off large sums of money to the person who they bought something from in an online auction. People use all sorts of escrow services to verify that the goods exist. However, con artists have gotten a little trickier, and the latest trend is for them to convince users their money isn't touchable when that's not true at all. The way it works is the scammer gives very detailed instructions (which make it seem even more legit) to the buyer (usually of a plasma TV or some other high end electronics product) telling them to wire money via Western Union - but in a made up name. They claim that the seller won't be able to pick up the money, since it's not in their name - but they can confirm that the money is there. This, of course, isn't true. Then, they say once they've confirmed the money is there, they send the merchandise, and the buyer calls Western Union and changes the name of the recipient. Except, none of that actually happens because the scammer has already walked off with the money well before it gets to that stage. It's apparently fooling plenty of people.
Hide this

Thank you for reading this Techdirt post. With so many things competing for everyone’s attention these days, we really appreciate you giving us your time. We work hard every day to put quality content out there for our community.

Techdirt is one of the few remaining truly independent media outlets. We do not have a giant corporation behind us, and we rely heavily on our community to support us, in an age when advertisers are increasingly uninterested in sponsoring small, independent sites — especially a site like ours that is unwilling to pull punches in its reporting and analysis.

While other websites have resorted to paywalls, registration requirements, and increasingly annoying/intrusive advertising, we have always kept Techdirt open and available to anyone. But in order to continue doing so, we need your support. We offer a variety of ways for our readers to support us, from direct donations to special subscriptions and cool merchandise — and every little bit helps. Thank you.

–The Techdirt Team


Follow Techdirt
Essential Reading
Techdirt Deals
Report this ad  |  Hide Techdirt ads
Techdirt Insider Discord

The latest chatter on the Techdirt Insider Discord channel...

Loading...
Recent Stories

This site, like most other sites on the web, uses cookies. For more information, see our privacy policy. Got it
Close

Email This

This feature is only available to registered users. Register or sign in to use it.