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Scam of the day
Chapman, Spira & Carson - Disscusion

From: Chapman Spira
Date: 4/13/99
Time: 5:50:54 AM
Remote User:

Comments

When a WebSite is both informative, helpful and fun we think it deserves some speical mention.

It is just a fact of life that people are always thinking up ways of seperating us from our money. The Nigerians have taken theft and made it an artform. "Internet ScamBusters" a wonderful WebSite reports on this particular scam as well as a host of others in the public interest. We are reprinting their story by Audri and Jim Lanford:

Internet ScamBusters™ SCAM: The Nigerian Advance Fee Scheme

Free Reports Internet ScamBusters™ By Audri and Jim Lanford NETrageous Inc. Copyright 1996 NETrageous Inc. Issue #11 November 27, 1996

We'd like to thank Mark Taylor, publisher of the Online Fraud Newsletter, "FraudNews" for making us aware of the following scam. The following is based on, excerpted from, and reprinted with permission from FraudNews by Mark Taylor. You may subscribe to FraudNews at http://www.silverquick.com

SCAM: The Nigerian Advance Fee Scheme The Nigerian Advance Fee Scam has been around for quite awhile, but despite many warnings, continues to draw in many victims. In fact, the Financial Crimes Division of the Secret Service receives approximately 100 telephone calls from victims/ potential victims and 300-500 pieces of related correspondence per day about this scam!

Indications are that the advance fee fraud grosses hundreds of millions of dollars annually and the losses are continuing to escalate.

The Nigerian Advance Fee Scheme (also known internationally as "4-1-9" fraud after the section of the Nigerian penal code which addresses fraud schemes) is generally targeted at small and medium sized businesses, as well as charities. This global scam (recently seen in Russia, Southeast Asia, Australia, and New Zealand, as well as the US) involves the receipt of an unsolicited letter purporting to come from someone who claims to work for the Nigerian Central Bank or from the Nigerian government. (The Central Bank of Nigeria denies all connection to those who promote this scheme.)

In the letter, a Nigerian claiming to be a senior civil servant will inform the recipient that he is seeking a reputable foreign company into whose account he can deposit funds ranging from $10-$60 million which the Nigerian government overpaid on some procurement contract.

The goal of the scam artist is to delude the victim into thinking that he or she has been singled out to participate in a very lucrative -- although questionable -- arrangement. The intended victim is reassured of the authenticity of the arrangement by forged or false documents bearing apparently official Nigerian government letterhead, seals, as well as false letters of credit, payment schedules and bank drafts. The scam artist may even establish the credibility of his contacts, and thereby his influence, by arranging a meeting between the victim and "government officials" in real or fake government offices.

Once the victim becomes confident of the potential success of the deal, something goes wrong. The victim is then pressured or threatened to provide one or more large sums of money to save the venture. For example, an official will demand an up-front bribe or an unforeseen tax or fee to the Nigerian government will have to be paid before the money can be transferred. Each fee paid is described as the very last fee required. The scheme may be stretched out over many months.

Here is a sample of a letter a victim may receive:

(Note: The letter that is sent is all in capital letters.)

Lagos, Nigeria.

Attention: The President/CEO

Dear Sir,

Confidential Business Proposal

Having consulted with my colleagues and based on the information gathered from the Nigerian Chambers Of Commerce And Industry, I have the privilege to request for your assistance to transfer the sum of $47,500,000.00 (forty seven million, five hundred thousand United States dollars) into your accounts. The above sum resulted from an over-invoiced contract, executed commissioned and paid for about five years (5) ago by a foreign contractor. This action was however intentional and since then the fund has been in a suspense account at The Central Bank Of Nigeria Apex Bank.

We are now ready to transfer the fund overseas and that is where you come in. It is important to inform you that as civil servants, we are forbidden to operate a foreign account; that is why we require your assistance. The total sum will be shared as follows: 70% for us, 25% for you and 5% for local and international expenses incident to the transfer.

The transfer is risk free on both sides. I am an accountant with the Nigerian National Petroleum Corporation (NNPC). If you find this proposal acceptable, we shall require the following documents:

(a) your banker's name, telephone, account and fax numbers.

(b) your private telephone and fax numbers -- for confidentiality and easy communication.

(c) your letter-headed paper stamped and signed.

Alternatively we will furnish you with the text of what to type into your letter-headed paper, along with a breakdown explaining, comprehensively what we require of you. The business will take us thirty (30) working days to accomplish.

Please reply urgently.

Best regards

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What should you do if you receive a letter like this?

The U.S. Secret Service has instructed anyone in the US who receives a letter similar to this one to send it to:

U.S. Secret Service Financial Crimes Division 1800 G St., NW, Room 942, Washington, DC 20223. (202) 435-5490

If you are outside the United States, you should to report it to your local authorities.

Be careful. This scam can be physically dangerous as well as dangerous to your finances. Victims are almost always requested to travel to Nigeria or a border country to complete a transaction. Victims are often told that a visa will not be necessary to enter the country. The Nigerian scam artists may then bribe airport officials to pass the victims through Immigration and Customs. Because it is a serious offense in Nigeria to enter without a valid visa, the victim's illegal entry may be used by the scam artists as leverage to coerce the victims into releasing funds. Violence and threats of physical harm may be employed to further pressure victims. In June of 1995, an American was murdered in Lagos, Nigeria, while pursuing a 4-1-9 scam, and numerous other foreign nationals have been reported as missing.

Recommendation:

Avoid these scams like the plague! Don't let promises of large amounts of money impair your judgment. ...Whew! That was an intense scam, wasn't it?....

Do You Like This Website? Click here to Recommend-It (tm) to a Friend or Colleague!

About Internet ScamBusters Internet ScamBusters is a free resource to benefit the commercial Internet community, published by Audri and Jim Lanford at NETrageous Inc. Feel free to pass along the entire zine for non-commercial purposes -- however, please do not remove the copyright notice.

If you like Internet ScamBusters, please forward it along or tell your friends where they can subscribe. We appreciate it!

Check out our Internet ScamBusting Contest -- we're looking for the Worst Internet Scams on the Net You can win a free Internet ScamBusters tee shirt (you can't buy these tee shirts--they are only available to Internet ScamBusters!) Enter (it's free) at http://www.scambusters.org/contest.html

Subscribe to Internet ScamBusters Today! (It's Free!) Name(optional) EMail(required) (please use full email address - j.123@aol.com)

Note: We are very sensitive to the issues of electronic privacy. We DO NOT make your name or email address available to anyone else! We are very strongly against bulk unsolicited email and would never send any to this (or any other) list.

Or...To SUBSCRIBE to Internet ScamBusters, send an email to: scambusters@scambusters.org and write SUBSCRIBE in the subject field.

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