If you have been contacted by someone asking for your help in transferring money out of the country, then you are one of thousands of people all over the world who have been targeted by what is sometimes called ‘Advance Fee Fraud’. Sometimes they are called ‘Nigerian Letter Scams’ because they originated from Nigeria, although today they are sprouting from everywhere.
These letters promise you t o become a millionaire within a very short time frame in exchange for some assistance. These financial scams appear ruthless and simple. They appeal to our greed and our desire to avoid the work involved in solid long-term saving. Do not take heed of what they are promising you. These scams take all sort of forms – but they are all the same – SCAMS.
Remember that there are no easy ways to ‘get rich quick’. If it sounds too good to be true, it probably is not true! Your alarm bells should ring loud and clear when you hear phrases like ‘high returns with low risk’ and ‘get rich quick’. ‘No risk’ often means the biggest risk of all.
It is virtually impossible to become rich overnight. If you want to get rich quick, you have to work hard for it. These scams will not make your dream of becoming a millionaire overnight come true. Indeed, if you fall into these fraudsters trap, you will realise that you will no longer dream of becoming a millionaire, but of your expensive mistake.
If the prize or lottery notification has any of the following elements, we strongly suggest you do not respond to it:
The information advises that you have won a prize – but you did not enter any competition run by the prize promoters;
The mail may be personally addressed to you but it has been posted using bulk mail – thousands of other around the world may have received the same notification.
The prize promoters ask for an ‘administration’ or ‘processing’ fee to be paid in advance.
Getting your prize might entail travelling overseas at your own cost.
We strongly advise against any communication with fraudsters who run these scams. Do not respond at all. If you already have, cease all communication immediately.
Keep your credit card and bank account numbers to yourself.
If you have already given money to these fraudsters for any variety of reasons, unfortunately there is not much chance of recovery. Once the fraudsters have your cash, your money is gone.