BUSINESS ADMINISTRATION
INTERNATIONAL MARKETING
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Auction Fraud
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Work-at-Home Scam
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Phishing
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Sweepstakes Scam
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Detailed explanation-1: -The perpetrator buys merchandise from an online merchant using stolen identities and credit card numbers. Then, the perpetrator sells the merchandise at online auction sites to unsuspecting bidders (buyers). Next, the perpetrator has the buyer wire transfer him the money and then sends the merchandise to the buyer.
Detailed explanation-2: -Online shopping scams involve scammers pretending to be legitimate online sellers, either with a fake website or a fake ad on a genuine retailer site. While many online sellers are legitimate, unfortunately scammers can use the anonymous nature of the internet to rip off unsuspecting shoppers.
Detailed explanation-3: -Online Auction Fraud is usually when as a buyer you are misled about the goods or services you are buying on an online auction site, or as a seller you are not paid or are paid with fraudulent debit or credit cards for the goods you are selling.