...It is estimated that citizens in
U.S. alone are losing as much as $1,000,000 DAILY to Nigerian scammers! As someone doing your business on
Internet, this article will show you how to stay protected online from
newer variations and twists of
scams that can defraud even
most scam-conscious individuals...As an Internet user, have you received a letter, fax or e-mail asking you to help a Nigerian {or any other citizen who you previously don't know} with a bank transaction - and offering you a chance to share millions of dollars?
This is a typical Nigerian Scam which has been around for decades, but now it seems to have reached epidemic proportions with
use of
Internet.
While some people recognize that this scheme, also known as
-419 Advanced Fee Scam,- sounds too good to be true, unfortunately thousands of other people, daily, keep being victimized by this fraud.
It is not really their fault because daily these scammers keep coming up with newer twists and variations to
scams to defraud even
most scam conscious individuals.
Many people engaged in doing business on
Internet are increasingly becoming victims of this notorious scam despite all
warnings about scams in general.
********************How The Scam Works******************** In
Nigerian scam, scam artists entice their victims into believing they have been singled out from
masses to share in multi-million dollar windfall profits.
Typically, a company or individual receives an unsolicited letter, fax or email from a Nigerian claiming to be a senior civil servant.
In
email,
Nigerian informs
recipient that he is seeking a reputable foreign company or individual into whose account he can deposit funds ranging from $10 to $60 million, which
Nigerian government supposedly overpaid on a procurement contract.
In return,
recipient gets to keep a share of
millions.
There are dozens of different variations of this email originating from several countries, all involving a plea for help and a promise to share
riches.
But NOTE this clearly-
It doesn’t matter what
story is...
It doesn't matter what country is mentioned...
It doesn't matter how true it looks....
So far as you don't know
person before and he or she is offering you such an 'opportunity of a lifetime' of gaining millions of dollars within a short time for doing absolutely nothing...
Forget it...
... every single one is just a scam!
Laws passed in Nigeria outlaw
notorious Nigerian advanced-fee fraud letters. Victims of these scams have also included Nigerians... to show that not all Nigerians are involved in
scams.
In short, these scams started in Nigeria and has led to thousands of Nigerians losing their entire fortunes to these scammers. Many have been known to commit suicide for losing all they own.
Yes, even Nigerians themselves are victims!
The scams are perpertuated by just a few bad eggs from among
millions of honest Nigerians worldwide.
Such honest Nigerians have suffered in 2 ways from their few bad eggs in their midst.
One- by losing millions to
scammers themselves, Two- by being blacklisted by other people worldwide.
It is therefore important not to look at 'Nigerians' as
problem, but to look at
'scammers' as
problem.
**********The use of
Internet for
scams********** Since April 1998, U.S. Postal Inspectors have seized and destroyed over 4 million Nigerian advance-fee fraud mails, resulting in an 80 percent decrease in
number of related complaints received by
Postal Service, law enforcement agencies, and consumer groups.