Sunday, November 30, 2008

Nigerian 419 scams now hitting Paypal...

A VARIANT of the extremely popular Nigerian 419 scam is possible via Paypal, the INQ has discovered. On paper it looks bulletproof but it's still a big con.

The 419 scam is named after the relevant section of the Nigerian Criminal Code and the premise is always the same. Somebody offers to pay money into your account and give you a cut when you send it back.

In truth the whole thing is money laundering but this latest twist – using Paypal – is significant because, on the surface, it looks like there's no catch. More...

See also:

  1. The woman that got suckered by Nigerian scam artists for $400,000 !!!
  2. It must be wonderful spending other people's money ...
  3. Nigerian scam: Spanish police strike back...

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