On line schemes

4.9 of 5.0 (123 reviews)

Download now!

Contains
543 words

Category
Other

The above thumbnails are of reduced quality. To view the work in full quality, click download.

On line schemes

On line Schemes

Cyberspace was once a place inhabited largely by government agencies and academics linked together through a decentralized collection of computer networks that came to be known as the "Internet." The late 1980s and early 1990s gave birth to a torrent of commercial entrants into cyberspace, with the way led by Compuserve and then Prodigy and America Online. By the end of this year, an estimated four million American households will be online with these commercial services, which are the three largest such enterprises in the U.S. Additionally, hundreds of smaller companies have emerged to provide bulletin board services and local access to the world of Internet.1

The number of Americans who are online has jumped 90 percent since 1992 alone, their ranks are expected to double or triple over the next two to three years.2 According to Whole Earth Review, America Online more than doubled in size in a nine-month period, going from 300,000 users to over 700,000.3 The New York Times, has described the Internet as the world's "new mass information market."4

Today investors are in danger of being taken for a ride on the cyberspace. State securities regulators around the U.S. are concerned about the explosion of illicit investment schemes now flourishing on commercial bulletin board services and the informal web of computer networks that make up the Internet. An estimated four million U.S. households that already have access to the major online services are being exposed to hundreds of fraudulent and abusive investment schemes, including stock manipulations, pyramid scams and Ponzi schemes.5

The online frontiers are aware of some of the major rip-off techniques now in use. According to Fighting Computer Crime, the investment fraud problem could reach epidemic levels over the next few years as several million unsophisticated newcomers crowd onto the once lightly traveled information superhighway.6 On the other hand, cyberspace can also educate investors, helping them to become much better investors.

For those who have been online, know that most sites has been commercialized by bulletin boards and discussion groups devoted to investment tips, advice and solicitations. According to one regulatory agency's count, more than 5,600 new messages on investment topics were posted in 969 different topic areas featured on the Prodigy service during a recent two-week period.7 Many of the investment specific messages now appearing on commercial services and the Internet openly hawk brokers, investment advisers, financial newsletters, and specific investment deals. Though many of the messages simply offer general stock-picking advice, investment possibilities, tips on specific stocks, moneymaking enterprises and service providers.

The Missouri Securities Division and the New Jersey Bureau of Securities announced on June 30, 1994 the first regulatory actions taken in the U.S. against online investment schemes. At least three other states currently have investigations underway into lying suspected investment fraud and abuse in cyberspace.

Investors were told "how to make big money from your home computer" as part of the "Electronic Message" scheme promoted by a San Antonio man and at least nine other individuals scattered around the U.S. According to a cease-and-desist action filed on June 30, 1994 by the New Jersey Bureau of Securities. In what might be referred ...

You are currently seeing 50% of this paper.

You're seeing 543 words of 1086.

Read the full essay

Keywords: online schemes, online schemes to make money, online schemes on the portal, online schemes money, khazana jewellery online schemes, post office online schemes, free online schemes of work, goa online schemes

Similar essays

Littleton

It seems for the past week or so, the entire world (yes, world, when I was in Spain they showed news coverage of this 24/7 too) has been shaken up by the school shootings in , CO (I think thats the name of the town, though don't hold me to that). What amazes me about this story is not the fact that two people went into a school and shot a bunch...

89 reviews

Download

Marketing in Japan

Japan has been an attractive destination for foreign business, and progressive businesses are aware that they need a presence there. Some of the walls that have protected Japan against foreign entry have been crumbling away, thus making Japan more accessible to foreign business. By 1998, only about 7 percent of Japan's GDP was related t...

166 reviews

Download

Why aol sux

America Online is the largest Internet provider in the world, but it didn't become one without a fight. Originally a closed-in, proprietary online service, it was pried open by the public's fascination with the global network. For all of the company's past glory, it is now little more than a big communications company. America Online wa...

132 reviews

Download

Prince Edward Island

is the smallest but most thickly populated province of Cananda. It's people usually call their province "The Island" or simply P.E.I. The people live in small scattered communities. but the average number of people to the square mile or kilometre is greater than any other province. Charlottetown is the capitol city of P.E.I.. P.E.I is the only Ca...

101 reviews

Download

Is It Wrong To Look For a Serious Relationsip and Is there l

I don't think there is anything wrong with me physically or mentally. I cant say that I am the smartest or the cutest guy in the world but I am also not the ugliest and not the stupidest. My life has been somewhat of a screw up for the two and a half years. I meat some bad people did some bad things I cant say I regret what I did or that I wast...

190 reviews

Download