419 scam

Spam scam offering riches but costing you cash

The 419 scam, aka the 'Letter from Nigeria', is a form of Advance Fee Fraud, a modern variation on the 'Spanish Prisoner' scam which dates back to the 16th century.

The scam arrives in the form of a spammed email, often claiming to come from a relative of a senior politician, lawyer or businessman in a third-world country, who apparently has access to large amounts of money. The recipient is offered a share of the money - often millions of dollars -if they can help move the money out of the country. The victim is then lured into putting up some seed money to pay for lawyers, bank charges etc., which can often amount to thousands or even hundreds of thousands in itself. Of course, the story is entirely fabricated, the millions of dollars do not exist and the victim ends up with nothing.

The scam takes its name from the Nigerian law against such fraud, as many early versions originated from Nigeria. The scam has evolved to use a wide range of lures including treasure found in Iraq by US soldiers, lottery winnings and charitable donations, and many hundreds of victims around the world have been defrauded of large sums of money. There are even reports of victims having been lured to the scam's originating country where they have been imprisoned, tortured and occasionally even lost their lives.

Related web links

Related news articles

419 scammers plead guilty in US

African trio admit attempts to defraud via spam.

04 February 2008

Storm DDoS hits anti-scam sites

419 fighters attacked - NFL and TOR latest spam hooks.

10 September 2007

  see all related news stories


Poll

Have you ever actually read an End-User License Agreement?
I always read them in full
I've never read to the end of one
No

Leave a comment
View 4 comments

vb2008-sidebar

Virus Bulletin

In this month's magazine:
  • The secret life of old malware
  • VB100 August 2008 - Windows XP Service Pack 3
  • The case for AV for Linux: Linux/Rst-B
  • Improving heuristics
  • ‘Yet another Rustock analysis ...’
  • Evading CAPTCHA
Virus Bulletin 08 2008
Subscribe now!
Virus Bulletin currently has 132,929 registered users.