According to London's Metropolitan Police Company
Fraud Department, potential targets in the UK and the
USA alone receive c. 1500 solicitations a week. The US
Secret Service Financial Crime Division takes in 100 calls
a day from Americans approach by the con-men. It now
acknowledges that "Nigerian organized crime rings
running fraud schemes through the mail and phone lines
are now so large, they represent a serious financial threat
to the country".
Sometimes even the stamps affixed to such letters are
forged. Nigerian postal workers are known to be in
cahoots with the fraudsters. Names and addresses are
obtained from "trade journals, business directories,
magazine and newspaper advertisements, chambers of
commerce, and the Internet".
Victims are either too intimidated to complain or else
reluctant to admit their collusion in money laundering and
fraud. Others try in vain to recoup their losses by
ploughing more money into the scheme.
Contrary to popular image, the scammers are often violent
and involved in other criminal pursuits, such as drug
trafficking, According to Nigeria's Drug Law
Enforcement Agency. The blight has spread to other
countries. Letters from Sierra Leone, Ghana, Congo,
Liberia, Togo, Ivory Coast, Benin, Burkina Faso, South
Africa, Taiwan, or even Canada, the United Kingdom,
Oman, and Vietnam are not uncommon.
The dodges fall into a few categories.
Over-invoiced contract scams involve the ostensible
transfer of amounts obtained through inflated invoices to
the bank account of an unrelated foreign firm. Contract
fraud or "trade default" is simply a bogus order
accompanied by a fraudulent bank draft (or fake postal or
other money order) for the products of an export company
accompanied by demand for "samples" and various
transaction "fees and charges".
Some of the rackets are plain outlandish. In the "wash-
wash" confidence trick people have been known to pay up
to $200,000 for a special solution to remove stains from
millions in defaced dollar notes. Others "bought" heavily
"discounted" crude oil stored in "secret" locations - or real
estate in rezoned locales. "Clearing houses" or "venture
capital organizations" claiming to act on behalf of the
Central Bank of Nigeria launder the proceeds of the
scams.
In another twist, charities, academic institutions, nonprofit
organizations, and religious groups are asked to pay the
inheritances tax on a "donation". Some "dignitaries" and
their relatives may seek to flee the country and ask the
victims to advance the bribe money in return for a
generous cut of the wealth they have stashed abroad.
"Bankers" may find inactive accounts with millions of
dollars - often in lottery winnings - waiting to be
transferred to a safe off-shore haven. Bogus jobs with
inflated wages are another ostensible way to defraud state-
owned companies - as is the sale of the target's used
vehicle to them for an extravagant price. There seems to
be no end to criminal ingenuity.
Public-domain text, read in full here on John Shaqi.
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