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| BEYOND THE HEDGES: Internet provides new look for old scams |
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Online marketers now have access to most of the more than
50 million people worldwide who use the Internet, at a low cost to both
themselves and their customers. The speed and convenience of shopping by
computer can be a boon to businesses and consumers alike. Be forewarned: These
advantages are a strong incentive for scam artists to use the Internet, too.
Most of the scams on the Internet are merely rehashed versions of time-worn scams with a sleek, deceiving new look. Some common Internet scams include bogus Internet services offering low-cost access and Web site design; miracle health or technology products, such as satellite or cable decoders and free long-distance phone-call devices; bogus job opportunities and "universities" that only exist as Web sites. Students should be wary of hot tips on stocks and other investments they encounter in chat rooms. If the discussions involve genuine issues, such as small-time penny stocks, the comments may be an attempt to manipulate the stock. Texas Attorney General Dan Morales cautions Internet users, "It costs very little to set up a Web site that looks expensive. Do not confuse glitz with legitimacy." For more information about consumer scams, visit http://www.oag.state.tx.us . Source: Legal Matters, Sept. 1997.
This item appeared in the News section of the September 19, 1997 issue. |
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