March 20, 2007

A New Scam Hits The Web

- by Jim Edwards

~ New Twist On An Old Scam ~

Virtually anyone with an email account eventually receives a message
running one of the oldest scams in the book.

Often referred to as the "Nigerian Letter," this scam involves
getting a message from someone in a foreign country claiming to need
a way to get 21.5 million dollars out of the country (the first
country used in this scam was Nigeria, hence the scam’s name).

He knows that you "are a trustworthy individual" and if you’ll just
send him your bank account information he will deposit the money in
your account and give you 15% of the deposit.

Of course, after you give up your banking information the scammer
empties YOUR account.

Well a new scam has spawned to take advantage of one of the web’s
most successful and widespread activities - online auctions.

The scammer sends you an email offering to purchase an item you’re
selling through an online auction or in the classified section of
your local paper.

They tell you a relative living in the area will pick up the goods,
however, when the check arrives, it’s made out for more than the
agreed price (often thousands more).

The bidder asks you to refund the difference and keep a percentage
for your "trouble."

Of course the check is forged and, if you refund the difference, you
can kiss your money goodbye.

Moral of the story: free money is only free for the person who
steals it from you!

~ The Coming Storm Over DVDs ~

If you thought Napster caused a stir over trading music and the
illegal CD-ROMs people made on their computers, wait until everybody
gets a DVD burner!

The average price for an excellent DVD burner has dropped well below
$400 and medium to low priced computers now include DVD burners as
standard equipment.

The only thing holding back the avalanche of DVD copying seems to be
the rather hefty cost of buying blank DVDs.

With an average price of $1.50-2.00 each, blank DVDs cost far more
than blank CDs, which run around 20 cents each.

But, if you look back about 6 years, blank CDs used to cost a dollar
apiece, so it won’t take long for the price of blank DVDs to drop.

When that price drop does come and every home with a computer can
also duplicate full-length movies on DVD, watch for one of the
biggest upheavals in the history of Hollywood.

It will make the music industry’s crackdown on illegal music sharing
look as mild as a 5 minute "time out" in the local pre-school class.

~ Yahoo! - Still King! ~

In a bid to capture even more of the world’s search engine traffic,
search giant Yahoo! recently purchased the web’s largest pay-per-
click search engine, Overture.com.

In the process (and more importantly), since the commissions from
pay-per-click advertising with Overture represent a major source of
revenue for most of the other major search engines, Yahoo!
definitely holds the upper hand.

—-

Jim Edwards is a syndicated newspaper columnist and the co-author of
an amazing new ebook that will teach you how to use free articles to
quickly drive thousands of targeted visitors to your website or
affiliate links…

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