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From: | "Callum t" <callum00@hotmail.com> |
Date: | Wed, 11 Feb 2004 10:37:10 +0000 |
Hi there,
The other day I saw a program on the History channel about Interpol. They were going after the people behind the "nigerian letter scam".
For those who are unaware, the nigerian letter scam is a scam that originated in nigeria and unfortunately spread and modified itself around the world. It starts by someone sending you a letter (hence the name) which says something like 'we would like you to help us launder government money' yada yada, but they normally write it so that you may have suspicions that it is legitimate, if you move on the suspicions, bad luck. After taking the bait they ask you to send some "processing fees" of oh say$50k but dont worry because you're gunna make a million. And so once you send your hard earned $50k away you never hear of them again. And if you keep pestering them for the money they might give you plane tickets to meet them or meet with you somewhere, and then kill you. Yes people have lost a lot of money and a few their lives to this odious scheme.
Interpol had some success at capturing and bringing to justice the people behind it, However it is hard, if not impossible to prevent unscroupulous people from commiting such vile deeds.
So the moral of the story is, be vary wary of where you invest your money, if someone you don't know puts to you a proposal with a return that is simply too good to be true, get away from it. Or even better report it to the securities commisson, or the commerce commission if it is in breach of the fair trading act, or even the police. But if it sounds too good to be true, but you think it might be legitimate, before you part with your hard earned money get your accountant or lawyer to look it over.
From one investor to another I say be careful with your money, not everyone out there has ethics, or morals, or even a conscience.
regards
Callum Thomas
http://www.moneyquestions.co.nz
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