Online eBay fraud : $3 million from selling fake cars
by Kirsten Dunlaevy
November 1, 2013
Would you buy a car on eBay? If the answer to that question is yes, you could have fallen for the latest fraudster and his scam. Last week, the FBI went on the hunt for a man they have identified as being behind a car scam on eBay. The man in question, Romanian Nicolae Popescu managed to make himself $3 million simply by selling fake cars. Nicolae, along with 6 other accomplices used eBay, as well as other reputable sites such as Cars.com and AutoTrader.com to lure users to fake websites where they would sell cars that never actually existed. Once they had negotiated on a price, anywhere from $10k to $40k, they invoiced their buyers using PayPal and the link. Once the money was received, they never followed through on their side of the bargain – how could they, they didn’t have any cars to sell!
How to protect yourself from eBay scams
How can you protect yourself from situations like this? As cyber criminals get smarter, it definitely becomes more difficult. When they’re operating or initiating their scams on well respected and trusted websites, it’s hard to identify the scam, however it just goes to show you never can be too sure. Investing in a complete security suite, such as BullGuard Internet Security – we can help protect you by alerting you when you attempt to access a web site that could be risky for you. It’s also good practice to avoid making purchases with anyone that asks you to conduct transactions via wire services – this should be a huge red flag for you. Do you think you could have fallen for this scam? Tell us!