Tuesday, March 2, 2010

Precise Definition of the General Term

I have found the exact definition used by Wikipedia which explains the term more precisely.

The term "Internet fraud" generally refers to any type of fraud scheme that uses one or more online services to present fraudulent solicitations to prospective victims, to conduct fraudulent transactions, or to transmit the proceeds of fraud to financial institutions or to others connected with the scheme. Internet fraud can take place on computer programs such as chat rooms, e-mail, message boards, or Web sites.

I hope this helps pin point the understanding of the term and make it more clearer.

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