Last Updated on 2/6/2005 by bidz

Online auction scams soar – complaints nearly double

San Francisco Chronicle
Carolyn Said, Chronicle Staff Writer
Wednesday, February 2, 2005

“As online auctions explode in popularity, more crooks are muscling in on the territory.
Complaints about Internet auctions were the fastest-growing category in an annual Federal Trade Commission report on fraud released Tuesday. They almost doubled to 98,650 in 2004, up from 51,000 in 2002, and accounted for 16 percent of all complaints.”

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