India, Aug. 11 -- Apple co-founder Steve Wozniak reflected on how the internet, which was once a tool for empowerment, has now become a fertile ground for fraud, in a recent chat. In an interview with CBS, Wozniak said the computer revolution he helped start was good until the internet offered new business models, in ways that companies exercise power over other people.

"That's when some of the bad started happening," Wozniak noted.

A YouTube scam used clips of Wozniak discussing bitcoin, falsely promising to double any cryptocurrency sent to a displayed address. Victims, including Jennifer Marion, collectively lost large sums: Marion alone sent 0.9 bitcoin, which was then valued at $59,000 and received nothing in return.

Speaking abou...