FTC says scammers stole millions using virtual companies

[Juha-Matti Laurio <juha-matti.laurio () netti fi>]

"The U.S. Federal Trade Commission has disrupted a long-running online scam that allowed offshore fraudsters to steal 
millions of dollars
from U.S. consumers -- often by taking just pennies at a time.

The scam, which had been run for about four years years, according to the FTC, provides a case lesson in how many of 
the online services
used to lubricate business in the 21st century can equally be misused for fraud."

And later

"The scammers stayed under the radar by charging very small amounts -- typically between $0.25 and $9 per card -- and 
by setting up more than 100 bogus companies to process the transactions."

http://www.computerworld.com/s/article/9178560/FTC_says_scammers_stole_millions_using_virtual_companies?taxonomyId=17

Juha-Matti
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