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Posts Tagged ‘scam’

Internet Scams and Censorship

Friday, June 19th, 2009

Lately the news has been filled with reports about internet privacy, internet scams, illegal downloading, internet censorship, and just about anything else as it relates to the internet and how we use it as a people.

Music and videos are downloaded illegally every day and yet no one still seems to be sure about the rules of doing just this. We know stealing a CD from a store would be illegal, and no one would question the suspect’s guilt, nor would the story of someone being charged with CD-stealing be newsworthy. However, when it comes to downloading music and videos online, we still do it. And we still get caught and get in trouble. This Minnesota woman was found guilty of disobeying copyright laws for illegally making music available online. However, a British survey found that at least eight percent of people openly admit to downloading videos illegally over the internet. If we know that it’s wrong, and we know we can get caught, and we know we will have to contend with the consequences, why can’t we seem to stop ourselves from stealing when it comes to internet property?

Maybe it’s this lack of shamelessness when it comes to stealing from the internet that has led to the sudden outpouring of internet censorship that has popped up in recent weeks. It seems The Powers That Be are desperate to get some control over that World Wide Web. A Montana city has even asked all job applicants to relinquish the passwords to all of their social networking sites! And of course at the forefront of everyone’s mind is Iran and Twitter—how a country silenced by censorship managed to break through the barriers using a simple social media site. Iran’s internet usage has grown by 50% every year for the past several years, according to techno-guru Alan Boyle, making it the fastest-growing internet nation in the Middle East. This MSNBC.com article even likens the Iran/Twitter situation to the 2001 Second People Power Revolution, where text messages helped the people of the Philippines to share information and organize protests, which led to the eventual overthrow of President Joseph Estrada.

It seems that the more the government tries to take control, the more outrage the public has against internet censorship, and the more powerful websites like Facebook and Twitter become. So what should we do?

Obviously the internet has amazing power, so we here at Five Point Capital suggest you use its powers for good. In other words, stealing music or accessing illegal pornography, bad; fighting censorship and combating oppression, good. With this approach, you’ll even be joining the winning side—as Red Tape writer Bob Sullivan pointed out, it’s Twitter 1, Censors: 0.

Recent Money Scams

Thursday, May 28th, 2009

In this economy, people are searching for any way to get an extra buck. Those who have been laid off, or are facing mortgage delinquency or home foreclosure, may be the most desperate, ready for any solution to their financial issues that presents itself. Others, even if they have kept their jobs and homes, are still finding that they cannot afford to live quite they way they did before the recession. As a result of this widespread financial desperation, monetary scams are becoming more and more common.

One of the biggest scams out there today is the fake check. According to the Los Angeles Times, approximately one-third of Americans have been approached by this type of scam, usually through the mail. These scams usually appear extremely official and are easy to mistake for real checks. The checks or money orders look as real as possible, and the scam seems like a good idea at first.

The checks, which have taken in about 1.3 million Americans, are said to be the results of a lottery, sweep-stakes, stay-at-home work, or grants. Once you deposit the check, you are instructed to wire some money immediately, to pay for taxes, fees, middle-men, or other third parties. The check inevitably bounces, and you are left having to pay the failed wire transfers out of your own account.

The average check scam victim ends up losing between $3,000 and $4,000, as most people do not realize that just because a check clears does not mean the check has been deemed legitimate. Checks clear when the funds are available, not because the bank has confirmed the check is not a fake. Also, most people tend to think the money coming in and the money going out are connected—if the check bounces, they will not be responsible for paying the fees. Sadly, this is not true. Depositing the check and paying the fees are separate actions within your account, and you are still responsible for paying your debits. To your bank, it is the same as if your paycheck bounced, and thus you had to re-pay your car insurance.

Another scam that has become all too common in this economy is the mortgage scam. This type of scam preys upon those who have fallen victim to the mortgage crisis, and usually appears in the mail as an official-looking government form claiming to be able to save your mortgage. According to MSNBC, these scammers claim to be “foreclosure rescue” companies, but can actually end up costing victims a good deal of money, or even in the worst cases, their homes.

The bottom line is to not let your financial worries cloud your judgment. Be wary of any scam promising to end your worries or of offers that involve money at all. No actual sweepstakes or lottery will ask you to pay fees and taxes up front, and you should always be wary of anyone asking you to wire money through MoneyGram or WesternUnion. If you think you are being scammed, call the police. They will be happy to asses your situation and let you know if the offer is legitimate. You need to protect yourself from those looking for prey in need.