Cyber-Forensics.net
Cyber Forensic Specialist
The fraudsters lure victims by offering a share in the money that is seized for some reasons. And ask for some advance money to retrieve it.
— Timothy Benson
SOFIA, BULGARIA, August 29, 2022 /EINPresswire.com/ — Traditionally, Nigerian Prince Scam had a standard formula; it used to start with an allegedly wealthy individual, usually calling himself a prince from Nigeria, talking about having problems accessing his funds. The scammers used to tell an emotional story about how someone had seized his money, and he was stranded alone.
The scammer then asked for a little help in the form of money and promised a good share of the money once he accessed his funds. Once the victim has made the payment, the fraudster either invents a series of further fees for the victim to pay or disappears.
With time the scam has taken different forms. The fake stories have changed, the prince can turn into a Syrian official, and the snail mail is replaced with Emails. Scammers are asking for cryptocurrency rather than money. But the basic idea remains the same- exploiting human vulnerabilities.
An Oregon woman lost $400,000 to a Nigerian fraud scam in 2008. In this case, they tweaked the prince’s story and told her that she had…
