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How To Spot A Scam And Stop It Dead In Its Tracks
By John A. Karnish, Sat Dec 10th

How To Spot A And Stop It Dead In Its Tracks by John Karnish

According to the US Securities and Exchange Commission theinternet is an extremely easy place to promote a scam. Theinternet allows people to reach a large populace with a verysmall amount of money. "Anyone can reach tens of thousands ofpeople by building an Internet web site, posting a message on anonline bulletin board, entering a discussion in a live "chat"room, or sending mass e-mails."

It's extremely hard to spot fraudulent opportunities from

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thereal ones and you can end up losing a large sum of money.


Message boards are an extremely easy way to post a scam. All youneed is an alias. The scamster simply creates a post under afalse name. He then starts creating a thread. For instance, "Hasany one heard of xyz company, I heard they offer a greatopportunity." A bit later, he'll follow up with something likethis. "Yes, I heard of them. I've only been an associate for amonth and have already made $2,000 dollars."

He'll keep on creating threads with different aliases to createfalse credibility.

Email is also an easy way to promote a scam. A scammer can reachhundreds of thousands with little money or effort. One popularemail lately is the "Nigerian Scam." Emails are sent tobusiness owners, claiming that the sender is a high official inthe Nigerian Government. They claim that they need move a largesum of money out of their bank, and with your cooperation, theywant to deposit it in your business account. They require eitheran up front fee or your banking information. As you probably canguess your bank account will get depleted.

Whether the Nigerian actually originates in Nigeria isunknown, but the US SEC suggests that investors should be waryof off shore investments. Because of the difference in laws,money and so on, you'll have a hard time getting yourmoney back,if you do at all.

One last scheme is the classic Pyramid Scheme. You can easilyspot these with headlines like "Turn $5 into $300 in 3 weeks.These programs never work unless you're the one who startedthem. So stay away from them.

To sum up, if anything sounds too good to be true it probablyis. Through hard work and time there is money to be made on theinternet, but there is no "easy money." At least I haven't foundit.

About the author:John Karnish is the founder of the Internet Marketing ResourceCenter, which offers Free Webmaster Tips Tools, & Resources

==> http://scams.internet-marketingpro.com/

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