Sunday, May 26, 2013

A "Nigerian Prince" Wants My Help?

Nigerian Prince Email Scam
Nigerian Prince

“Greetings to you, My friend.
I know this will come as a surprise to you, because you do not know me. My name is Howgul Arhu and I’m the son of the President of Nigeria”

Does it sound all too familiar? It’s the opening line for one of the most common email money scams in the world. It’s known as the Nigerian prince, or the “419 scam” or advance fee scheme. You receive an email from a person claiming to be a Nigerian prince who wants you to aid him get his hands on his money. He just needs a little deposit from your side as proof of your goodwill! But hey, in the end he promises to reward you sizably for your help.

Let’s break down a example to the people who are not conversant with this subject matter, an email arrives in your inbox testifying that he is an Nigerian prince and his father had deceased and he is unable to claim the £180 million in cash that was under his name. If you helped him, the fake prince will offer you half the amount. You get all excited and once you reply to him email, you will be asked to send £5,000 as proof of your goodwill. Promising once the £5,000 is received, he would send you all £180 million and you could retain half and send the rest to the Prince’s account which would be sent to you in due course. This scam is a trademark of the Internet.

If you've been on the Internet for any length of time, you've probably got these types of emails and lost count of the numerous members of royalty, high level foreign representatives, diplomats, and world-class banks who had emailed you to help them move money into your country. According to recent statistics you might be stunned to realize that Americans are conned out of more than one million dollars per day on this scam alone since the 1980s.

At this point you may be thinking, “Who on earth would ever fall for this outrageous, sidesplitting and completely ludicrous scam?” Well that’s the point, the few that do fall for it will not figure it out and there are enough people that still do fall for victim on a daily basis around the globe. Well if not the scammers would not invest so much time and money in this on the first place. It occurs so recurrently that most of us wonder why the scammers even go through it. The Nigerian prince routine is so tired, so worn-out. This is exactly why the scammers still keep doing it, because complete unabridged innocent people still exists and that’s what they’re looking for. 

The world of Internet scams isn’t only frequently sprouting; it’s trusting on a range of ancient and novel approaches to keep the revenue of cash flowing in to the hands of cyber pirates. These emails scams are just a drop of water in the waste ocean of virtual scams that are happening currently. Scammers are repetitively fishing in places like Forums, message boards and even Facebook groups to make a quick buck off of unwary individuals. You may ask what’s the best way to avoid these kinds of con schemes, we’ll all I can say is there no substitute for good old fashioned common sense. If it sounds too good to be true, it most probably is. Do a simple Google search when any doubtful action appears in your inbox. If it’s a scam it might appear up on forums or in blog posts of security firms. It’s also a nifty idea to explore someone you do not know who has communicated you or requested your friendship on a social network. Information, in this situation, actually is power. 

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