by Foong Cheng Leong E-COMMERCE is booming in Malaysia. Euromonitor International estimated that Internet retailing in Malaysia reached RM842 million (US$268.3 million) in 2011; Goldman Sachs forecasts that e-commerce in Malaysia is projected to hit RM3.4 billion (US$1.1 billion) this year with a 30% year-on-year growth. Notwithstanding such growth, online fraud is rampant in Malaysia. If you scour our online auction or listing websites, you'll find many dodgy sellers and buyers selling or offering to buy products and services. But the long arm of the law recently caught Mohd Yunus Jan Muhammad for approaching six victims who had advertised to sell their gadgets through an Internet trading portal, by posing as a customer and setting up appointments. At these meetings, he would grab the merchandise and flee. He was sentenced to one year’s jail. The Court also fined and imposed a whipping on Mohd Yunud. Sometime in 2011, the Ministry of Domestic Trade, Co-operatives and Con...