FTC, agencies target growing Internet fraud

FTC, agencies target growing Internet fraud

Nearly half of the fraud cases pursued by the Federal Trade Commission in the past fiscal year were Internet-related, according to a report on the efforts of federal agencies and state attorneys general to combat scams.

The Project Mailbox IV report documents the fourth year of the project, a joint effort of FTC, the Postal Inspection Service, the Securities and Exchange Commission and the National Association of Attorneys General.

Of more than 300 federal and state law enforcement actions taken in fraud cases, the report said, more than a third of federal cases and more than half of state cases involved operators who had a Web site or advertised on the Internet.

Bogus sweepstakes and prize promotions were the most common forms of fraud, with offers being distributed either by e-mail, regular mail or fax. Millions of dollars were returned to consumers as a result of FTC's actions, the report said.

'K. McCaney

Stay Connected

Sign up for our newsletter.

I agree to this site's Privacy Policy.