Directory : Society : Issues : Fraud : Advance Fee Fraud :

The scheme usually works as follows:


* An individual or company receives a letter or fax from an alleged "official" representing a foreign government or agency;


* An offer is made to transfer millions of dollars in "over invoiced contract" funds into your personal bank account;


* You are encouraged to travel overseas to complete the transaction;


* You are requested to provide blank company letterhead forms, banking account information, telephone/fax numbers;
You receive numerous documents with official looking stamps, seals and logo testifying to the authenticity of the proposal;


* Eventually you must provide up-front or advance fees for various taxes, attorney fees, transaction fees or bribes.


The leading host nation for this form of fraud at present is Nigeria.


Last update : 2003-05-31 17:35:16

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