A Collaboration with the University of Pittsburgh

Internet fraud complaints reach record numbers in 2005

[JURIST] Americans reported a record $183 million lost to Internet fraud in 2005, a 169 percent increase from the previous year, according to a new report published by the Internet Crime Complaint Center (IC3) [official website]. In its 2005 Internet Crime Report [PDF text; FBI press release], the IC3, a partnership between the FBI and the National White Collar Crime Center, reported that the Nigerian letter scam [IC3 backgrounder] accounted for some of the highest losses with an average $5,000 lost per complaint.

Sixty-two percent of complaints received related to Internet auction fraud [IC3 backgrounder] and the median loss for all 231,493 complaints filed in 2005 was $424. The report found that 71 percent of the criminals who could be traced lived in the United States, with the second largest group, 8 percent, living in Nigeria. Hearst News Service has more.

About Paper Chase

Paper Chase is JURIST's real-time legal news service, powered by a team of 30 law student reporters and editors led by law professor Bernard Hibbitts at the University of Pittsburgh School of Law. As an educational service, Paper Chase is dedicated to presenting important legal news and materials rapidly, objectively and intelligibly in an accessible format.

© Copyright JURIST Legal News and Research Services, Inc., 2013.