Search Results for: nigerian

An Interview with a Nigerian Internet Scammer

The Nigerian scam goes by a few names and I’ve explained how it works before.

Here is an interview with someone who really scammed people using this technique. He explains how the scam operations work, how much work they put into building people’s trust and eventually take their money.

It’s an interesting read and it’s certainly a different way to learn about these scams and avoid them. It would be useful to show this interview to people who might be new to the internet. Then hopefully less people will fall victim to it.

The full interview is split into three parts:

Woman loses $400k to Nigerian Scammer

I’ve written about Nigerian scams before, they’re very common and in most cases the scammers are based in Nigeria. It starts with an email telling you that someone wants to give you a million dollars, you just need to send over a bit of money to get things started.

The promise of money is enough for some people to get hooked into the scam, they believe all the stories and keep sending money to the scammer hoping to get their “reward”.

A woman in Oregon, USA, was scammed of US$400,000 over a 2 year period using this scam. If you have friends or family who aren’t aware of these scams, please let them know how it works. Show them this video and help raise their awareness. There are still many people in the world in a vulnerable position.

Watch the video below, or if it doesn’t load click here to access it.

Baiting Nigerian Scammers

I don’t recommend this, I just want to share what others are doing and raise awareness of the problem in general.

Nigerian scams are emails (or letters) telling you that some random stranger in Nigeria wants to give you a very large sum of money, and they need your help (and your money) to make it happen.

And some people are starting a trend in baiting the scammers, making them waste time and giving them misleading information, just for amusement. It’s a vigilante action fraught with real danger hence why I don’t recommend it. But it’s certainly interesting to read about it.

Click here for the full article.

Nigerian 419 Scams

How much money do you think Australians send to Nigerians because of the old Nigerian 419 scam? (Keep in mind that Australia has a small population of 21 million)

wallet The answer is millions of dollars.

This very interesting interview with the head of the Queensland Police Corporate Crime Investigation Group (what a long title) discusses these scams and provides some interesting details.

People who fall for these scams often don’t report it, and in many cases repeatedly fall for these scams. Watch the video, discuss it with your friends, family and colleagues, and help raise awareness of this particular kind of scam. You can also read this article on how Nigerian scams work.

Link to video.

A Summary On Nigerian Scams

Nigerian scams are so called because the majority of them originate from Nigeria, and they use the same tactic. Below is a brief summary on what it is, why it works, and how large the problem is.

A victim received an email (or sometimes an old fashioned letter) from someone posing as a lawyer. The text contains a story about a large amount of money locked up in a bank account, which gets the reader’s attention, and asks for help in retrieving it. In exchange the pretend lawyer promises a large reward.

The email can contain a statement such as “…In the discharge of my duty, I stumbled on this domiciliary account that has remained dormant for three years now with eight million, five hundred thousand United States dollars ($8.5M) in it…. That my purpose of contacting you is because the deceased has the same name with you…”

What happens next is an exchange of correspondence, with the scammer and victim writing to each other. The story usually becomes emotional and touching, keeping the victim’s attention. Then the victim is asked to hand over some money to help with legal fees. The scammer often sends the victim a cheque as a token of good faith that the money is there. Unfortunately the cheque is fake and the victim’s bank won’t accept it. This is often where the victim realises what’s happened.

This scam has apparently been in use for many years, even before emails became prevalent. It continues to work because the victims are tempted by a large amount of money.

How widespread is the problem? In this British articledated 4 Oct 2007 it states that 4500 fake documents were seized and that US$16.2m of fake cheques were seized. It also states that it costs the UK GBP4.5b every year, though this probably includes law enforcement costs. The problem isn’t limited to the UK either, it’s global.

What can you do? Be aware that this is a common scam and talk about it with anyone unfamiliar with the dangers present on the internet, especially older people. It would also be useful to report such emails (and letters) to your local authorities. A lot of people get arrested for taking part in these scams and any evidence you might have could be useful.

I’ve read articles describing victims that have gone to Nigeria to hunt down the scammer and reclaim their money, and they story ends tragically with murder or kidnapping. If I find these articles again I’ll post them here.

Advanced Fee Fraud on LinkedIn

The Advanced Fee Fraud is also known as a 419 scam. This is an old and still very popular scam whereby someone who is either a foreigner or is posing as a foreigner asks a stranger for help transferring large amounts of money. They promise a large compensation in return, and ask for some money to get things started. It sounds simple and a lot of people fall for this.

business card LinkedIn is a social networking site, much like FaceBook and MySpace. LinkedIn is mostly used by professionals, i.e. adults with bank accounts and who have money. This would make a good target for a scammer.

It’s been reported that these advanced fee frauds have been appearing on LinkedIn recently. Users of the service are being too trusting of the community and scammers are taking advantage of this.

If you use any social networking site please be aware of people trying to scam money using these ploys. Read up on how this scam works and let other people know about it.