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Email Scams and Your Money
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By Leanne Williams

Con artists have been scamming the unwary for hundreds of years. Unfortunately, in this age of modern technology it is even easier for unscrupulous con men to make a lot of money. Email has become the medium of choice for the scammers, making it extremely easy for them to try their con on millions of people at a click of a button. Below are three of the most common scams that you may find in your inbox. They range from the ridiculous to the plausible but, unbelievably, all three scams make the fraudsters millions of dollars every year.

The Nigerian Scam

The Nigerian Scam has been around for over a century in one form or another. With the existence of email and credit cards it is unfortunately a lot easier now for the fraudsters to make a lot of money very quickly.

The email claims to either be from a government official, quasi-government office or a wealthy family (typically in Nigeria or the Ivory Coast, although there are variations on this scam). Sketchy details are given of an embarrassing legal problem, whereby they need to move money trapped in Nigeria into a foreign bank account. In exchange for your assistance with this you are promised a large percentage of the fortune, worth millions of dollars.

It sounds unbelievable but, blinded by thoughts of unimaginable wealth, people do get sucked into the scam. Once the fraudsters have hooked you in there will be a whole list of reasons why the money transfer is being held up, all of which can conveniently be resolved by you paying them money. For instance, fees for paperwork might need to paid, legal costs, officials need to be bribed to turn a blind eye to the shady dealings


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