Monday, December 25, 2006
The 'Nigerian Scam' also known as 'advance fee fraud' or 419 frauds, after a formerly applicable section of the Criminal Code of Nigeria is supposed to be the fifth largest industry in Nigeria. Countries like US, Australia and South Africa in fact issue trek warnings to their citizens to be careful of the Nigerian scam. There are about 200 online organizations those are only fighting 419 frauds.
The US has a "Nigerian Advance Fee Fraud Prevention Act of 1998" to concern with this and it is the US Secret Service that tracks these frauds. The New Delhi Police's Cyber Cell Crime Branch has also putup website www.cybercrime.planetindia.net/nigerian-scam, with information about the scam. Also, UK is one of the biggest hit in this scam.
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