Fraud Statistics

Online fraud statistics

FBI statistics reveal that in 2005:

· The majority of online fraud originated from within the U.S., representing 71 percent in total.

· Americans lost $183 million to cybercrime, which is nearly a 300 percent increase over the previous year.

· Average losses to the most common online scams were the Nigerian Letter scam, averaging $5,000 per scam, and check fraud, averaging $3,800 loss per scam.

The following online fraud statistics from the National Consumers League reveal that, in 2007:

· Fake check scams were the leading Internet scam, representing 29 percent of all online fraud complaints. The common check scam scenario was when the perpetrator paid for work or items sold with phony checks and instructed the receiver to wire money back.

· Collectively coming in at 36 percent, the highest complaint fell into two categories of online sale of merchandise in which the goods were never delivered or were misrepresented —auction sales representing 13 percent and general merchandise representing 23 percent of all complaints filed.

If you have lost money or possessions due to online fraud, contact a fraud attorney in San Francisco.

Mortgage fraud statistics

From foreclosure frauds to subprime shenanigans, mortgage fraud is a growing crime threat that is hurting homeowners, businesses, and the national economy. Additional fraud statistics from the FBI reveal that:

· Estimated losses from mortgage fraud are between $4 billion and $6 billion annually.

· In 2009, there were 67,190 reports of mortgage fraud suspicious activity, with more than $1.5 billion in losses.

· In 2009 there were 822 indictments and 494 convictions for mortgage fraud.

Fraud lawyers in San Francisco

Fraud attorneys represent defendants accused of fraud crimes. If you are a fraud suspect or have been arrested on fraud charges in Northern California, contact San Francisco criminal defense attorney Doron Weinberg at The Law Offices of Doron Weinberg.

523 Octavia Street, San Francisco, CA 94102-4313