I first heard of SMS scams somewhere in 2007 through Jeff Ooi's blog. A follower of his blog since early 2007, I especially enjoy his tech related postings, thoughtful summaries and creative writing style.
Jeff has got a series of postings on the SMS scams, which shed light on unscrupulous activities. Truly a hero of the underdogs (read: victims), the consumer, Jeff has a permanent link on his main page with Dr. Halim Shafie's picture entitled, "What's Up Doc?". I hope Jeff doesn't mind that I reproduce the pic here and link it back.
Do read some of his postings for background and people's grouses. There are some insider information too, but I'm not too sure on its accuracy.
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