CABBAGETOWN dot BIZ NEWS |
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March 2003 Issue |
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NIGERIAN 419 SCAM
If you haven't had a scam mail in your e-mail box yet, you are one of the lucky few. Called the Nigerian 419 Scam, after a section under Nigerian law. The scammer usually claims to be in possession of millions of (usually shadily obtained) dollars which they need to spirit out of (this varies) Nigeria, Sierre Leone, Zaire etc. They offer you 10% to 15% if they can deposit the money into your bank account. Greed is what drives the scam, you (if you fall for it) will have to pay some up front fees. The scam has netted the scammers in the BILLIONS (mainly from the US) and is one of Nigeria's main sources of commerce!
Not only is it a scam it can also cost you your life. Several people have disappeared and one person was killed in Nigeria after traveling to meet the scammers.
Read more about it here.
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