Saturday, May 28, 2011

The Nigerian Scam

Probably the most well known but still successfully used scam is the Nigerian Scam.  Called this because the e-mailer claims to be a Nigerian Prince who is trying to sneak money out of the country since the current government is falling and all of his billions will be stolen.  What he needs from you is access to your bank account so he can funnel his money through your account to get it out of his country.

For your trouble he will give you 10% which will be anywhere from hundreds of thousands or even millions of dollars.  Once he has your bank account number, he will clean out your bank account.  The entire transaction could take place using e-mail or they might even use disposable cell phones (Prepaid phones which have no contracts and require no personal information).

There have been many cases where people have fallen for this scam.  I have even heard about small business owners, senior citizens and church secretaries falling for this.  The bottom line is: IF IT SOUNDS TOO GOOD TO BE TRUE, IT PROBABLY IS!!

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