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Newest Scam: Fake Escrow Accounts

MImeKillEr writes "MSNBC is running an article warning about the latest auction site scam: Fake escrow accounts. The article claims scam artists are tricking Net users into wiring thousands of dollars to fraudulent bank accounts. The criminals do this by setting up a trap auction and when the winner asks how to make a payment, the criminal tells them to pay into an escrow account. One legit escrow account who had a criminal mimic their site said that as many as 50 users had lost and average of $10,000 with at least one being conned out of $30,000 in such a way. There are reportedly at least 150 fake escrow accounts. The FBI is currently investigating the matter."

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  1. Uhhhh... by TheDanish · · Score: 5, Interesting

    Part of the article:

    The criminals build elaborate fake escrow Web sites, with convincing names like Simple-Escrow.net and WhyEscrow.com.

    Is it just me, or are simple-escrow.net and whyescrow.com still up? Were they using them as examples of legit or escrows or not? They're chock full of grammar and spelling errors ("simple-escrow.net, the most powerfull escrow service available on the net..." is their first claim, and whyescrow has a really bad flash intro...). Were these sites taken down? Did others take their place? Did some people read the article and decide to take those domains? So confusing...

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    Danish != nationality