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Tuesday, December 22, 2009
Top 10 Scams of the decade # 2 - the 411 on 419 and a Nigerian Prince
419 refers to the section of Nigerian law that deals with fraud. Though other countries, organizations, and people have been used to lure victims the Nigerian Prince is certainly the most widespread.
The underlying mechanism is the cash advance scam. They promise to send more money later if you'll just help with some silly processing or shipping fee.
Read what the FTC has to say.
http://www.ftc.gov/bcp/edu/pubs/consumer/alerts/alt117.shtm
More resources:
http://home.rica.net/alphae/419coal/
http://www.419eater.com/html/419faq.htm ( not sure I trust this site so just read it )
http://www.state.gov/r/pa/ei/bgn/2836.htm
By the way Nigeria is a democratic republic with parliamentary rules, which means there are no Nigerian Princes. Sphere: Related Content
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External Refferences
SCAM Indicators
- Endorsemts with no proof.
- Your gut tells you something is wrong
- Vague description of what you're buying
- Pay little for high value item
- Simple steps anyone can do
- Promises to tell you a secret
- Begs for trust
- Avoids telling the price
- Too good to be true
Scams-xposed sponsors
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1 comments:
419Eater.com has good information that you can trust. The site is dedicated to scambaiting, though. More information for protecting yourself against advance fee fraud can be found on the forum of their sister site, www.ScamWarners.com. You can post suspicious emails on the forum there and get quick answers from the support team members.
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