Another type of fraud occurs when sellers or buyers pose as escrow services to improperly obtain money or goods. The so-called seller puts goods up for sale on an Internet auction and insists that prospective buyers use a particular escrow service. Once buyers provide the escrow service with their payment information, the escrow service doesn't hold the payment: It is sent directly to the so-called seller. The buyer never receives the promised goods, can't locate the seller, and, because the escrow service was part of the scheme, can't get any money back.

In some cases, a fraudster poses as a buyer and, after placing the highest bid on an item, insists that the seller use a particular escrow service. The escrow service tricks the seller into sending the merchandise and doesn't send the payment or return the goods to the seller.

good info: »www.macintouch.com/readerreports···077.html
within that site:
How to recognise spoofed web sites: - »www.htmlgoodies.com/articles/spo···rls.html
How to spot Fake Escrow Services: »www.bankrate.com/brm/news/advice···17b1.asp
13 Red Flags For Internet Auctions: »answercenter.ebay.com/thread.jsp···10021029

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by uid1307457
last modified: 2006-10-06 22:20:13