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Scam E-mails Misuse Facebook IPO

Researchers at Symantec report one fresh scam e-mail, which's exploiting Facebook's IPO.

Displaying a header, "Facebook (IPO) Subscription Partnership Proposal," the rogue e-mail entices its reader with promises about earning him money easily through purchases of shares from Facebook at $38 (EUR29) followed with carrying out their sale to Facebook itself at $40 (EUR30.4).

The fake electronic mail states that the above investment method is appealing in that here one needn't directly invest his funds, yet net approximately USD2.00 as profit over and above the number of shares he buys.

For instance, suppose a person purchases ten shares from Facebook for USD38/share as well as sells them back to the company for USD40/share then he's likely to earn an USD20 as profit without difficulty. Moreover, suppose the person invests his own money then Facebook suggests that he should make the purchases, while the company would pay USD2 in addition to the buying amount as well as purchase all the shares from him irrespective of the number he acquires, the e-mail explains.

Meanwhile seemingly, the phony electronic mail's sender is an UK-based financial company which has offices at Dubai, Hong Kong and London.

Commenting about the new rogue e-mail, Symantec states that it carries every indication of the conventional Nigerian 419 scam, a kind of phishing e-mail, which tells the recipient to make an advance payment of a fee for processing an enormous fortune that in reality is non-existent, usually from an expired relative.

It also finds that the so-called United Kingdom Company's telephone number provided in the e-mail is really one answering service located within Sacramento (California).

Besides, the given e-mail id whereto answer back is of an ordinary Web-based e-mail freely available online, while for any lawful organization its e-mail id would almost surely be an own domain-based one instead of the free Web-based provider. Also the name and electronic mail id within the message's "From" space show differently from those mentioned within the text of the e-mail. These are indications that the e-mail is a fake.

Hence, users are suggested for being cautious while dealing with uninvited financial offers.

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