Online trading scams rampant

Many fraudulent traders have managed to steal money from consumers via online trading activities by using simple tricks, while the legal regulation concerning this issue still remains incomplete.

Duong Thi Ngoc Giau, residing in the Mekong Delta province of An Giang, said earlier this year she fell into the trap of a fraud on the www.didongsaigon.net website.

The website advertised that many cell phones were discounted 50-percent, so she chose to buy a Nokia X6, she said.

Top Five Online Scams

You might think Web surfers have started to wise up to Internet rip-offs. But you'd be wrong. Here's how scammers are trying to dupe you today.After years of trying to recover from the dot-com hangover, the Internet is booming again. Online retail sales increased by 26 percent in 2004, according to comScore Networks. In September 2004, the number of domain name registrations hit 64.5 million--an all-time high. You know what else is on the rise? Internet crime.

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CorelDRAW Graphics Suite X5 description

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