This, generally quite nasty, rip-off (I will explain later) has been round in various formats for the reason that late 70’s. Additionally it is probably on the files of just about each fraud officer from each country, worldwide.
Initially this scam was perpetrated with the ‘victim’ receiving an actual letter postmarked in Nigeria, and to all intents and functions looking like an official document! Within the letter, a bogus Nigerian official/civil servant informs the recipient of a giant amount of money (millions of dollars) which has been ‘overpaid’ by the Nigerian Authorities whilst they had been procuring some contract or other. This so called ‘loose’ money must be disposed of and to do this they need to recruit the services of a willing third party, either a private individual or firm, to provide bank details so that the money could be deposited into their account.
The ultimate purpose of this scammer is to convince the ‘mark’ that they have been singled out to turn into a partner in this (what would seem like!) very profitable arrangement. The bogus official claims he can’t use his own bank account and so asks the ‘sufferer’ to simply accept a large amount of commission for permitting this arrangement to take place.
If they actually handle to ‘hook’ someone in the midst of the ensuing correspondence, then the gullible ‘mark’ is reassured varied types of documentation bearing official looking letter heading, and subsequently guided into providing all types of personal information together with, in fact, bank details. Then when everything looks set to go, a slight problem (on the Nigerian side) happens! This is either a hiccup at the bank, a cash transfer problem or even some official that wants bribing. The, now well and really hooked ‘mark’, is asked to send a small amount of money (in relation to the principal sum), this is to allow the transaction to proceed. Wantless to say, if transferred, this money isn’t seen again! Oh, and by the way, the millions of dollars never materialises into the sufferer’s bank account.
Now it has been known for conferences to be set up previous to the precise ‘stings’ and the sufferer or members of their families have actually been kidnapped and held for ransom. The bank particulars have additionally been used to empty any bank accounts.
These letters have now moved on considerably and are normally received as emails, generally using the bogus official route, different occasions they are from individuals (normally grieving widows) making an attempt to move inherited money out of the country to a ‘safer place’.
At the finish of the day, no matter which route they take, the fundamental concept is similar, they promise to put a vast fortune into your bank account, however earlier than the transaction can undergo, you must send them some money to cover some minor administration cost.
Has this actually taken in folks, certain it has?
Are individuals still (after 30 years of it) being ‘taken in’? Unbelievably as it may seem they are. Why, do I think, this still happens. The reason is simple; greed overtakes logic!
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