Don’t Pay The Romanian Stupidity Tax

No one, it turns out, does Internet auction fraud like the Romanians. Bulgarians specialize in intellectual property theft; Ukraine is a leader in online credit card crime; the Russians have a profitable niche in Internet dating fraud.

But when it comes to online auctions, particularly for big-ticket items such as cars that can yield $5,000 a scam, Romanians own the game. Romanian police estimate that cyber-crime is now a multimillion-dollar national industry, as important to organized criminals here as drug smuggling or human trafficking.

The Internet Crime Complaint Center, a partnership between the FBI and the National White Collar Crime Center, ranks Romania fifth in its table of naughty nations. But most experts agree that doesn’t give Romanian criminals their due. Much of the cash being made on auction fraud reported as originating in the U.S., Canada, Britain, Spain or Italy is actually being picked up in those countries by Romanian money mules. An EBay fraud ring busted last year in Chicago, for example, has been traced to Pitesti, Romania.

EBay, which doesn’t even operate a site in Romania, won’t talk dollar figures but acknowledges that the country is the No. 1 source of “professional fraud.” On a November 2006 visit to the Romanian capital, Bucharest, FBI Director Robert Mueller said the vast majority of Internet fraud committed on “one prominent U.S. online auction website is connected to Romania or Romanians.”

Click Here to read the rest of this story. And be sure to check out our scams archive to see how this fraud is being committed!

While your here, check out Doc’s popular article “Used Car Buying And Selling Internet Advice” Link above. The butt you save might just wind up being your own. 😉

4 Thoughts to “Don’t Pay The Romanian Stupidity Tax”

  1. Studiostoronto

    folks were battling this over at the digital community forum. it was starting to develop into a firey discussion.

  2. Auction Ebay Niche

    I found your blog via Google while searching for auction ebay niche and your post regarding t Pay The Romanian Stupidity Tax! looks very interesting to me. I am very impressed with your site. The quality of the design and content makes it a real winner! Thanks again for a great site and a great resource on the net.

  3. It really does make me sad that there are people out there who just exploit people like this. I’ve been a eBaymotors seller for 6 years now and the level of the scams seems to keep adapting and changing all of the time. That’s one reason why I feel it’s so important to have my company’s name out there as much as possible, so we never come off as one of these flyby night operations. Anyhow, all of this leads me to believe that the fellow who comes up with a failsafe internet identity verification tool for all online commerce, will be one of the richest people on the planet.

    Aaron Manley Smith
    Owner / General Manager





Leave a Reply