close
    Nigerian Scams

    Money Transfers

    0  Views: 461 Answers: 1 Posted: 13 years ago

    1 Answer

    A ‘Nigerian’ scam is a form of upfront payment or money transfer scam. They are called Nigerian scams because the first wave of them came from Nigeria, but they can come from anywhere in the world. The ‘4-1-9’ part of the name comes from the section of Nigeria’s Criminal Code which outlaws the practice.


    The scammers usually contact you by email or letter and offer you a share in a large sum of money that they want to transfer out of their country. They may tell you about money trapped in central banks during civil wars or coups, often in countries currently in the news. Or they may tell you about massive inheritances that are difficult to access because of government restrictions or taxes in the scammer’s country.


    Scammers ask you to pay money or give them your bank account details to help them transfer the money. You are then asked to pay fees, charges or taxes to help release or transfer the money out of the country through your bank. These ‘fees’ may even start out as quite small amounts. If paid, the scammer make up new fees that require payment before you can receive your ‘reward’. They will keep making up these excuses until they think they have got all the money they can out of you. You will never be sent the money that was promised.



    Top contributors in Security category

     
    Colleen
    Answers: 1064 / Questions: 0
    Karma: 18930
     
    ROMOS
    Answers: 267 / Questions: 0
    Karma: 13350
     
    country bumpkin
    Answers: 79 / Questions: 0
    Karma: 4920
     
    FISH-O
    Answers: 39 / Questions: 0
    Karma: 3150
    > Top contributors chart

    Unanswered Questions

    RIKVIP
    Answers: 0 Views: 9 Rating: 0
    ubk88com
    Answers: 0 Views: 13 Rating: 0
    33winmelbourne
    Answers: 0 Views: 12 Rating: 0
    Bet Smarter, Win Bigger with Mahadev Book App
    Answers: 0 Views: 9 Rating: 0
    Publication Media
    Answers: 0 Views: 26 Rating: 0
    u888brorg
    Answers: 0 Views: 14 Rating: 0
    BK8
    Answers: 0 Views: 11 Rating: 0
    > More questions...
    506508
    questions
    749789
    answers
    846841
    users