By Neil Denslow
Bogus online auctions were the most common type of online frauds last year, according to America’s National Consumers’ League.
Bogus online auctions were the most common type of online frauds last year, according to America’s National Consumers’ League (NCL).The NCL has released a top 10 of most common Internet frauds in order to warn users of the perils of Web scams. "Consumers should be very suspicious of anyone who promises them easy money, incredibly cheap prices, or 'free' services that may have hidden costs," Susan Grant, director of the NCL's Internet Fraud Watch programme, told BBC News Online. The famous 'Nigerian money offer' was the fastest growing scam, with reports rising by 900% compared to 2000. Often emanating from Nigeria or other African countries, the scam involves asking for someone’s bank details supposedly in order for them to receiving a large sum of money for safekeeping. NCL’s top 10 Internet frauds were: Online auctions General merchandise sales Nigerian money offers Computer equipment/softwareInternet access servicesInformation adult services Work-at-home Advance fee loans Credit card offers Business opportunities/franchises