Fraudulent Nations and Fake States
Before you read the article below, authored by Quatloos!, not Fifth World Scam Alerts, it is important you understand a few basic facts, in order to avoid over-generalising:

Having read this introduction, you can now read the Quatloos! article below on Fake Nations with profit, and with a much more enlightened perspective (it should have been entitled Fraudulent Nations and Fake States), on micronations that may be little more than an attempt to defraud or swindle the general Internet-navigating public: