Information on email fraud
Author: W. K. Hayes
Information on email fraud
The Nigerian 4-1-9 scam:
Some of us are well aware of what this is and yet, many others are not. ‘419’, is the Nigerian penal code for fraud artists although, most of the swindles received as letters and emails, originate from, Nigeria.
One of the reasons for this is the fact that these swindles are ran like a business. People go to work at a scheduled time, work their eight hours a day and clock out. The entire operation is worth billions in revenue from those hoping to get rich quick.
One of the classic favorites is the email, asking a person to represent themselves as next of kin, usually to an actual person that recently died in the news. This part of the gimmick is to give some credence to their story. Generally, they introduce themselves as being a banker, attorney or a governing member of ECOWAS (Economic Coalition Of West African States). The amount of money in question usually ranges from 2.5 million to 85 million, for which, you will get anywhere from 5-20% if you help. The help they require is for you to allow their money, to be, transferred into your banking account.
It is a violation of Federal Law, in the United States, to transfer huge sums of money in this manner. No amount of paperwork on their end covers this. You could find yourself arrested, by the authorities, for attempting to bring money illegally into this, country just for trying.
There are many more sites, which go to great length in explaining the many facets of this matter: How the, ‘scam’, works, and other’s experiences. If you receive an email asking for your help in such a manner, delete it. Do not reply!
Ultimately, not only are they after you money, they are also after your information and simply replying is enough to get them started on stealing your identity. Delete their emails and leave them alone.
The Lottery Scam:
Another way they try to steal your information is with the, ‘Lottery scam’. These usually originate in Holland, England and other parts of Europe. You will receive a letter saying that you one a lottery and that your name was drawn at random through an unidentified, online third party.
It would so nice if only it was true but it is not. With this trick and the one above, you will soon find yourself having to pay a transfer fee after, you have provided the bank with all of your information. generally, this will cost you dearly.
The money-handler fraud:
The last trick known of is the, ‘money-handler trick’. The Scammer will pretend they own an overseas business with connections in America. Generally, they are art dealers. They ask you to please, receive payments for them and in return, you can keep a small percentage of the payments.
Unfortunately, banks will pre-clear a check before it has actually cleared but the time a check takes to actually clear is generally two weeks. Be warned of this fact even when taking check from company’s you know is good.
If you receive a check in the mail without any formal paperwork describing the intent of the check, you will soon find yourself in trouble with the bank and the law.
Also, any check over the amount of ten thousand dollars automatically alerts the Federal Bureau of Investigation, (F. B. I.), however, if you do receive a suspicious check, turn it into the local authorities, immediately. Explain the circumstances surrounding your receipt of the check and let them handle it, from there.
Thank you for reading this article, stay safe and Have a great day!
The latest scam letter.
I hope that this e-mail has reached you in the right frame of Mind.I am
Mrs. Elizabeth Hassan, I am suffering from a cancerous ailment. When my
late husband was alive he deposited the sum of £4.6 Million Great Britain
Pounds Sterling which were derived from his vast estates and investment in
capital market with his bank here in UK.
I have decided to donate this fund to you and want you to use this gift
which comes from my husbands effort to fund the up keep of
widows,widowers, orphans,destitute, the down- trodden, physically
challenged children, barren-women and personswho prove to be genuinely
Please contact me on this email,(XXXXXXXXXXXXX ) for
Mrs. E. Hassan.
(Really sad...) What ever happened to the good ole days of working for a living? Note how this person implies that they are from england but gives an email address from Hong Kong.