Financial Scams

Home >Investors > Infamous and worst Investors >

There are many financial scams and a notorious one is the Nigerian 419 Fraud, sometimes called the Advance Fee Fraud. The scam generally starts with the target receiving an unwanted email or letter ususally concerning Africa and most commonly involving a death of someone who hada huge amount of money in a bank account. The scam artist would tempt the target by giving a percentage of this money if he is willing to help 'clean' it or transfer it to another country. However, the variations of this scam are endless. The Nigerian 419 Fraud scammer ususally gets money from the target by suggesting that they forward an 'advance fee'. This can be for many reasons such as 'transfer tax' or whatever and then there are often complications which require more advanced payments until the victim either cuts their losses or runs out of money. There are lots of these emails being sent out every day, and people have to be careful not to be a victim. Usually, the scam involves the target being unethical and as such is less likely to report the scam to authorities as they were participating in seemingly illegal activities.

Go back to the ..
Infamous and worst Investors
section page.

- -
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-

To return to the main index press home at the bottom of the page.

-

Home Page