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Regulators in Escrow crack down

California regulators have declared a hunting season on unlicensed Internet escrow companies. According to Associated Press, five were shut down yesterday by the Escrow Fraud Task Force with a little help the Federal Trade Commission, Federal Bureau of Investigation, Southern California High Tech Task Force, Los Angeles County Sheriff's Department. They included Safely-trade.net of Arizona, Express-transfers.com of New York, Escrow-tripledeals.com of Texas, Escrowac.com of London and Eurosafedeals.com of Europe.

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News source: The Inq

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