419 Scam: Exploits of the Nigerian Con Man

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iUniverse, 2006 - True Crime - 158 pages
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The "419" scam is an aspect of transnational financial crime with a 'modus operandi' peculiar to the Nigerian swindler.

The most recurrent type of transnational "419" scam is the "advance fee fraud." It is usually introduced in the form of a business contract, a transfer of stolen money or money from over-invoiced contract, the purchase of crude oil from Nigeria at a relatively cheap rate, and transfer of money left by a deceased person (will scam). In all situations, the victim is eventually lured into an endless period of advance fee payment. The "black money" scam is almost as popular as the advance fee fraud and is sometimes, practiced in continuation of advance fee scam. The victim is introduced to a large sum of money that needs to be cleaned by a special liquid solution. The victim parts with money upon the supposition that the black money would be cleaned and given to him. The con man gets away with the victim's money leaving him with a bunch of worthless papers.

The 419 Scam business is not restricted to defrauding foreigners. There are two groups of con men in Nigeria: The local and the International "419ners." The local groups specialize in defrauding Nigerians while the more advanced International syndicates fish out victims from Europe, America, Asia and South Africa. The local ones eventually grow to international status after they have made enough money to acquire computers, facsimile and telephone lines and other gadgets necessary for the scam business.

"Tive's insight of the perpetrators behind the advance fee fraud coupled with his knowledge on the topic show that he is a true authority on the subject."- Ralph A. Gonzales, Special Agent-in-Charge, United States Secret Service

"This book by Charles Tive is an excellent portrayal of the 419 scam, its operators, and its basic operations."-Gary M. Gibson, Regional Security Officer, U.S. Consulate Lagos.

."is a scholarly but readable summary of the history of and methods used by Nigerian scam / 419 operations."-The 419 Coalition, USA.

  

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Contents

The origin and meaning of 419
3
Historical Background
6
Corruption
11
Local Practice of 419 scam
18
PART TWO TRANSNATIONAL 419 SCAM
25
Advance Fee Fraud
27
Black Money Scam
48
Life Insurance Scam
52
Identity Theft
64
The Postal System
68
Forgery
70
PART FOUR SUPPRESSION OF 419 SCAM
73
Suppression of 419 scam
75
Investigation and Prosecution
78
Bibliography
85
Nigerian 419 prevention act USA
99

Credit card and Counterfeit checks
55
PART THREE FELONIES WHICH ABET THE SCAM
57
Money Laundering
59
About the Author
143
Copyright

Common terms and phrases

References to this book

Bibliographic information