Nigerian Advance Fee Fraud 419:Top Foreign Currency Earner

BREAKING NEWS

June:06-2008

Two days back a friend of mine recieved an email saying this Attention friend

I am Johan Anderson Account Credit Officer of SNS Bank International Netherlands .

It is with strict confidence and trust that I am contacting you independently of my discovery to seek your kindest assistance for this subject which requires your urgent attention There is a fund which is to the tune of €17,900,000.00 (Seventeen Million, Nine Hundred Thousand Euros) which has been floating in this account # DB-71358757-42609 (Please keep this number personal) since 2003 after the death of the investor, late Michael Schmidt. I

n the course of doing my job in Spain I discovered this account and it is upon this discovery that I decided to contact you to collaborate to pull out this fund as the surviving relation since you share a name that can stand as next of kin to this late customer.

My proposal therefore, is that you cooperate with me to transfer this fund to your bank rather than watch it unclaimed. Be aware that at the end of a five year depository mandate of any bonded depository account, if such an account is not claimed or renewed to commence another tenure of 5 additional years, a 6 months period of grace is granted to the account holder or its designated beneficiary and a probate order of Memorandum is then issued to provide such a beneficiary whereby, failure to do so at the end of its expiration that is (the period of grace) these funds will be quarantined and declared unclaimed at the end of the fiscal year. In view of this,

I seek your fullest and urgent cooperation to claim this fund as the closest surviving relation to this late client as I have every access opportunity and connection to records in the bank for these claims. Please kindly send to me your bio-data information to work out all the relevant change of ownership mandate.

 Once this is done the attorney will present these claims document to the bank. After having certified these documents the bank will contact you within three working days for the funds release.

I want you to please look at this opportunity as a good cause and remove every form of guilt from your mind to claim this fund. If you are familiar with private banking affairs, those who patronize our services usually prefer anonymity and also some level of detachment from conventional processes.

There is no living beneficiary to this account yet as his bio-data form was blank of next of kin. In the field of private banking opening an account with us means no one will easily know of its existence, as account is rarely held under a name.

Depositors use numbers and codes to make their account anonymous. Please I would be most grateful if you will be kind enough to execute this transaction with me without delay. In this case I will instruct you on how to claim this fund as the next of kin to this late client so that these funds could be transferred to your bank account for me.

As soon as everything is put in place I will seek for a short time vacation from my work to travel to your country for my share of this deposit. The sharing of this fund will be 60 percent for me and 40 percent for you including the process settlement of this transaction.

I send you this mail not without a measure of fear as to what the consequence to my career if you alert my bank. There is a reward for this project and it is a task well worth undertaking. Please contact me through the above email account to urgently commence the working process to a conclusion

 Johan Anderson

My friend did not know of what to make of the mail so he seeked my help well I looked into the matteron the net and found out that it is a

A Five Billion US $ (as of 1996, much more now) worldwide Scam which has run since the early 1980's under Successive Governments of Nigeria It is also referred to as "Advance Fee Fraud", "419 Fraud" (Four-One-Nine) after a formerly relevant section of the Criminal Code of Nigeria and "The Nigerian Connection"However, it is usually called plain old "419" even by the Nigerians themselves.

 In brief, 419 is a sub-classification of Advance Fee Fraud crime in which the perpetrators are West Africans, primarily Nigerians, operating globally from Nigeria and elsewhere.

The Scam operates as follows: the target receives an unsolicited fax, email, or letter often concerning Nigeria or another African nation containing either a money laundering or other illegal proposal OR you may receive a Legal and Legitimate business proposal by normal means.Common variations on the Scam include "overinvoiced" or "double invoiced" oil or other supply and service contracts where your Bad Guys want to get the overage out of Nigeria (Classic 419); crude oil and other commodity deals (a form of Goods and Services 419); a "bequest" left you in a will (Will Scam 419); "money cleaning" where your Bad Guy has a lot of currency that needs to be "chemically cleaned" before it can be used and he needs the cost of the chemicals (Black Currency 419) ; "spoof banks" where there is supposedly money in your name already on deposit; "paying" for a purchase with a check larger than the amount required and asking for change to be advanced (cashier's check and money order 419); fake lottery 419; chat room and romance 419 (usually coupled with one of the other forms of 419); employment 419 (including secret shopper 419) ; and ordering items and commodities off "trading" and "auction" sites on the web and then cheating the seller.

The variations of Advance Fee Fraud (419) are very creative and virtually endless, so do not consider the above as an all-inclusive list. At some point, the victim is asked to pay up front an Advance Fee of some sort, be it an "Advance Fee", "Transfer Tax", "Performance Bond", or to extend credit, grant COD privileges, send back "change" on an overage cashier's check or money order, whatever. If the victim pays the Fee, there are often many "Complications" which require still more advance payments until the victim either quits, runs out of money, or both.

 If the victim extends credit on a given transaction etc. he may also pay such fees ("nerfund" etc.), and also stiffed for the Goods or Service with NO Effective Recourse. Most 419 letters and emails originate from or are traceable back to.

However, some originate from other nations, mostly also West African nations such as Ghana,Togo,Liberia,Sierra Leone Ivory Coast Cote D'Ivoire etc. In most cases 419 emails from other nations (even European nations like the Netherlands,Spain etc.) are also Nigerian in that the "Home Office" of the 419ers involved is Nigeria regardless of the apparent source of the contact materials.

But there are occasionally some "local" copycats trying to emulate the success of the Nigerians, generally not very successfully.It has become a top grosser for Nigeria in foreign currency worth 6 billion u.s. dollars.

some fraudsters have attacked the networking sites too

for more on that go to

http://www.contractoruk.com/news/003802.html

Such crime are perpetrated by usually unemployed youth of Nigeria and with the advent of new softwares it has become very easy for them to operate.

The Nigerian Government has taken a strong stand against such crimes and is very hard on such people,however given the level of corruption in the Nigerian Government it is hard to say they will succed in halting this menace which is bringing the whole country to bad repute.

what you should do if you get such fraud mails

1.DO NOT RESPOND TO THE 419ER

 2.Inform the local Authority

3. Alert your friends about it.

4.Use spam filters to stop them what they also do is after they have woked on you they sell the mail id to other scamsters,so be careful and prompt in stopping this menace for more on this go to

http://home.rica.net/alphae/419coal/

http://home.rica.net/alphae/419coal/

http://www.nigerian419fraud.freeserve.co.uk/

 http://www.419legal.org/nigerian-419-fraud-news/