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2 Feb 2010We’ve all gotten the emails. Dear sir, I’ve just inherited a large fortune but need your assistance in getting the money released. Please provide me with you bank account, and I will share the money…
But nobody actually responds to those emails, right? Well apparently, there are more suckers out there than I’d realized. According to a study by an investigation firm, Ultrascan, $9.3 billion was stolen in 2009 as a direct result of these scams! Those figures are up from $6.3 billion in 2008.
These scams are typically referred to as 419 scams, referring to article 419 of the Nigerian Criminal Code (the country where these scams first originated). The reason in the huge growth is that scammers are now focusing their efforts on emerging Internet markets, like China, India, South Korea, and Vietnam.
So what’s the solution? Apparently, one isn’t in sight. While a growing number of people in the US and Europe have gotten wise to the attempts, much of the rest of the world still needs to catch up. And furthermore, it’s virtually impossible for law enforcement to go after scammers outside of their country. Personally, I have come up with a solution: just email me your social security number, and I’ll share it with you
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2 Responses to Apparently People Really Do Click On Nigerian Spam Emails
@tcberg
February 2nd, 2010 at 8:51 pm
I’m curious to know what percentage of those who fall prey to these scams are motivated by greed, how many by genuine (albeit naïve) concern for others, and how many by other factors (and what those factors might).
Rich
February 3rd, 2010 at 9:17 am
That’s an interesting thought, Tim. I’m sure there are more naive people out there than I’d assumed. But I have to believe that it’s mostly greed. One thing I left out of the article is that Nigeria’s government has done practically nothing to help combat the issue, because they claim that the people who click on these scams are greedy and deserve what happens!