Wednesday, June 23, 2010

The Nigerian 419 Scam

The Nigerian Advance Fee Scam(419 scam) had been existed around for quite a while, but despite many warnings it continues to draw in many victims.

In fact, the Financial Crimes Division of the Secret Service receives about 100 telephone calls from victims/potential victims and 300-500 letter pieces of related correspondence per day about this 419 scam! Indications are that the advance fee fraud grabs hundreds of millions of dollars yearly and the losses are continuing to escalate.

In the letter, a Nigerian scam baiters claiming to be a senior civil servant would inform the recipient that he is seeking a honest foreign company into whose account he could deposit funds ranging from $10-$60 million which the Nigerian government actually overpaid on some procurement contract.

No comments:

Post a Comment