Net fraud is tangled web for victims, police

Tuesday, 4 June 2002, 1:49 PM EST

As you read this, hundreds of crooks are trolling the Internet for victims. Their get-rich-quick schemes clog e-mail inboxes and online bulletin boards.

Odds are they won't get caught.

An FBI-led Internet fraud task force received 49,711 complaints last year. Of those, 93 ended in an arrest.

Local police see most Internet fraud as outside their jurisdiction; federal authorities see most of it as too small to pursue. In the wide-open world between, online scammers are making fortunes -- and victims are losing more than $500 million a year.

[ Read more ]

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