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Sat, 28 Jun 2008 06:06:56 -0700

Yahoo protects online fraudsters, locks out legal ethical experts

UPDATED Saturday 28 June 2008

LONDON-UK, Saturday 28 June 2008: A global war has erupted between online Internet fraudsters and unpaid content providers or legal ethical experts on Yahoo. This global war may last much longer than any conventional crusade to drive out the fraudulent cowboys in order to save millions of consumers, including gullible under-18, poor, old and disadvantaged all over the world. Paralegal eagle and investigative journalist, tyneham (pen-name) reports.

A growing number of websites provide useful platforms where consumers can ask questions that are answered instantly by unpaid ethical content providers and experts.

However, this public service has opened up a welter of fresh opportunities for online fraudsters who advertise on trillions of web pages. The opportunities also enable fraudsters to plant questions that have been answered billions of times.

Organised fraudsters and their cohorts answer the planted questions promptly to provide links to fraudulent websites where consumers are required to buy useless e-books and pay for them by credit/debit cards. The books provide information on how to get "work from home," and "data entry" jobs, "paid surveys," and failed get-rich-quick schemes.

Even when consumers don't buy the books, the fraudsters create web visit traffic. That in turn help fraudsters generate, secure and increase advertising, pay to/per click revenue streams.

However, after buying the useless e-books, consumers discover that it contains information that is already in public domain, free of charge. After years of trials, more than 99.9% of consumer discover that there are no real paid jobs, online or offline. This is organised crime.

Valid credit card numbers and PINs are sold for US $15 each. Personal details and email addresses are sold to other online and offline fraudsters. The data is used for a variety of scams such as fraudulent insurance claims, illegal purchases of prescription drugs, and medical ID theft. All that and more creates extra income streams that in turn generates bulk junk emails, phishing and more frauds for years to come.

As if that was not bad enough, Yahoo locks out honest, ethical and unpaid content providers experts who alert and warn the consumers. Yahoo protected fraudulent advertisers also get second free bite to sell their wares on the platforms. Yahoo let hundreds of fraudulent links go through to millions of consumers.

The scams are helping Yahoo and other Q&A platforms to protect their ad revenue streams and profits. Free content is provided by unpaid experts who unknowingly give credence to the platforms. It means profits for the platforms and the fraudsters, and nothing for ethical experts.

In his recent article "Why Yahoo! Isn't Worth Anything To Management and Investors," Ashkan Karbasfrooshan said Yahoo "makes the criminals at Enron, Worldcom and Arthur Andersen seem like shareholder activists" http://seekingalpha.com/author/ashkan-karbasfrooshan. That may also apply to a number of other US outfits, including Google's scams related to Internet click fraud that must also be scutinised by US lawmakers and the Justice Department before it is too little, too late, yet again, for institutional investors, defrauded advertisers, millions of shareholders and consumers.

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