Concentrated Benefits, Dispersed Costs: Million Dollar Fraud That No Victim Has Strong Incentive to Fight
Michael Giberson Christopher Mims explains a “A Web Scam that Makes $500,000 a Month” in MIT’s Technology Review. In essence, a web programmer set up websites to generate revenue off of pay-per-click or pay-per-impression online advertising. That isn’t the interesting part, since many folks have tried to scam money this way. The interesting part is …