Millions of victims falling for Nigerian scams

Smart people are easier to scam, according to a new report released by Ultrascan AGI, which recently released a report on Nigerian 419 Advance Fee Fraud statistics. According to the report, losses from Nigerian scams totaled $12.7 billion in 2013.

We have all gotten that email. You know the one, saying you just received a big inheritance, or maybe you won the lottery even though you never bought a ticket, or maybe the email sender needs to smuggle money into the U.S. and promises to give you a portion of the money in return for just a little help. If these emails even make it into your inbox instead of your spam folder, hopefully you recognize the scam, but according to the report, millions of people have fallen for these tricks, leaving huge holes in their pockets and making hundreds of thousands of Nigerians rich.  Read more