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Saturday, December 18, 2010
RDF Summary
Pyramid schemes
A fraudulent moneymaking scheme in which people are recruited to make payments to others above them in a hierarchy while expecting to receive payments from people recruited below them. Eventually the number of new recruits fails to sustain the payment structure, and the scheme collapses with most people losing the money they paid in.
Phishing
Phish is an Internet scam designed to trick the recipient into revealing credit card, passwords, social security numbers and other personal information to individuals who intend to use them for fraudulent purposes. The scam is known as "phishing" and the communications are sent to appear to look as if they come from reputable companies
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