419 Scam Internet fleecing scams thrive in Nigeria.

The Scam: The offers are posted on bulletin boards and arrive as a business opportunity in your email box, come at you in the form of Instant Messages and Private Messages.

The offer is simple: a person in a foreign country, sometimes alleged to be in one of the old Soviet Bloc countries, states that he or she has a business selling product over the Internet or has a charitable organization that needs to accept donations. Due to [invented] legal exigencies in the stated country, this person cannot process the checks that arrive for payment of the product. Would you mind processing the checks on their behalf? Your "commission" is usually 10% -20% of the checks processed.

The upshot is that once you have cashed the checks and forwarded the 80% back to your so-called boss, you are notified that the checks were forged, stolen, or counterfeit. And you are left holding the bag, meaning that you owe the bank for whatever you sent back to the swindler and personally spent. Law suits and and criminal charges are possible but not prevalent.

Enter: Check Processing Scam - Home Business - List of Check Processessing Scams - What to watch for!

Payment of taxes, bribes to government officials, and legal fees are often described in great detail with the promise that all expenses will be reimbursed as soon as the funds are spirited out of Nigeria. In actuality, the millions of dollars do not exist and the victim eventually ends up with nothing but loss. Once the victim stops sending money, the perpetrators have been known to use the personal information and checks that they received to impersonate the victim, draining bank accounts and credit card balances until the victim's assets are taken in their entirety. While such an invitation impresses most law-abiding citizens as a laughable hoax, millions of dollars in losses are caused by these schemes annually. Some victims have been lured to Nigeria, where they have been imprisoned against their will, in addition to losing large sums of money. The Nigerian government is not sympathetic to victims of these schemes, since the victim actually conspires to remove funds from Nigeria in a manner that is contrary to Nigerian law. The schemes themselves violate section 419 of the Nigerian criminal code, hence the label "419 fraud."



Some Tips to Avoid Nigerian Letter or "419" Fraud: * If you receive a letter from Nigeria asking you to send personal or banking information, do not reply in any manner. Send the letter to the U.S. Secret Service, your local FBI office, or the U.S. Postal Inspection Service. You can also register a complaint with the Federal Trade Commission's Consumer Sentinel. * If you know someone who is corresponding in one of these schemes, encourage that person to contact the FBI or the U.S. Secret Service as soon as possible. * Be skeptical of individuals representing themselves as Nigerian or foreign government officials asking for your help in placing large sums of money in overseas bank accounts. * Do not believe the promise of large sums of money for your cooperation. * Guard your account information carefully.

Category:

News & Politics

Tags:

• 419
• Scam
• Internet
• fleecing
• scams
• thrive
• in
• Nigeria
• fbi
• cnn
• bbc
• nbc

[TheBushlion]

@MrCasco2000 419ners are a bunch of rats, they can't do more than a dead rat.

[Ismailstk]

Hello

[nathantravisray]

He is an ex scammer that got a raw deal.

[togair9]

@weberg720 - what the hell you talking about.. he is telling the truth idiot.

[vastawake]

Dr. Admadu from Nigeria just emailed me to pick up 10 million dollars but I reply:

"See Dr. I am in need of a Blow Job and a ham sandwich and I am about 2 Bucks shy of a ham sandwich about now cause I know you are just tuggin on my twins... but if you want me to participate, I'm gonna need that ham sandwich, you can keep my head cheese though...

And thanks for playing the home version of tongue my sweaty hairy ball sack! It's been real!"

[MsVivianscorpion]

some nigerians,not all nigerians PLEASE.

[weberg720]

u re full of scam from ur looks alone,is it only nigeria thats running scam?u dumb ass bitch nigga,,,,,get lost

[weberg720]

dis guy is just jobless,and looking for intl recognition which he wont get.Mugu,God punish u and ur generation

[MrCasco2000]

Brother))))))))))) your face even look like one of them,,,,,,,,,,,easy before thy start looking of you

[nazTiest]

Sir, I would like to commend your efforts for posting this video.