There are many money scams out in the world. Unfortunately you may know someone close to you who has been the victim of a money scam. These vicious crimes are aimed at the poor and desperate, usually as a “get rich quick” scheme. Many of them involve the transfer of monetary funds to some undisclosed account while there are many others that depend on a ponzi type scheme. If there is a way to make money by tricking innocent people it probably exists.

In the past these types of scams were perpetrated over the telephone or by way of correspondence. With the advent of the Internet money scams are now more prevalent than they have ever been. Phishing and spamming are two new high-tech ways that scammers are fleecing people out of their money. These types of scams recall the days of the chain letter where people would be promised wealth and riches by “not breaking the chain” and sending money to a stranger.

Unreported claims of fraud number in the billions of dollars, as victims feel ashamed and embarrassed that they fell for such a con. The millions of people who do report money scam frauds can become frustrated with the law’s inability to prosecute criminal activity that crosses international borders. This is the reason why most that commit money scams favor doing so over the Internet. It is clear that this rising problem will only escalate if quick actions aren’t taken to successfully prosecute fraud over the Internet.