Saleem
Topic Author
Posts: 199
Joined: Sat Mar 25, 2000 11:48 pm

Emails Regarding Funds Transfer

Thu Jun 25, 2009 6:11 am

I regular receive emails from various persons that they have funds in multi millions US$ and they offered me to transfer those funds in my country and they will give me around 30% shares, need opinion what the benefit they have sending these fake emails

By the way, I am living in Pakistan and always enjoy reading emails when they offer me to invest some million US$ in Pakistan, where other people thinking of taking money out of Pakistan due to current conditions

Regards
 
scrubbsywg
Posts: 1095
Joined: Fri Mar 02, 2007 9:35 am

RE: Emails Regarding Funds Transfer

Thu Jun 25, 2009 6:18 am

they get you to either give up banking info, or they send you a fake money order or cheque for a certain amount, and get you to transfer an amount back that is smaller than the amount they supposedly sent, in essence letting you keep your "share". so after you deposit their cheque, you supposedly have the funds to send back to them only to find out a month later that those funds were never real, and you are now on the hook for the amount you sent back. The scam works off the basis that their cheques may take weeks to clear, yet the bank 'gives' you the funds quicker.

Other ways they make money is they ask for 'advances' to help with the process before they can send their dead dictator father's secret stash. In bad cases, they string people along for months or years asking for 5k here and there saying they need the money to bribe an official or something. You never actually get to the big payout portion.

more info here: http://en.wikipedia.org/wiki/Advance_fee_fraud

[Edited 2009-06-24 23:22:13]
 
MadameConcorde
Posts: 9218
Joined: Fri Feb 23, 2007 5:08 pm

RE: Emails Regarding Funds Transfer

Thu Jun 25, 2009 7:42 am

I get them too. I sniff them so easily and delete them instantly without even opening them.

This is why it is wise to have several email accounts for different uses.
There was a better way to fly it was called Concorde
 
Elite
Posts: 2296
Joined: Thu Jun 29, 2006 6:31 pm

RE: Emails Regarding Funds Transfer

Thu Jun 25, 2009 7:47 am

I used to get them a lot. Then I switched over to Gmail  Smile
 
oly720man
Posts: 5760
Joined: Fri May 21, 2004 7:13 am

RE: Emails Regarding Funds Transfer

Thu Jun 25, 2009 9:00 am



Quoting Saleem (Thread starter):
need opinion what the benefit they have sending these fake emails

The same benefit as others (or maybe the same people) get from sending millions of "you've won the lottery" letters to people. If only a few people respond and they get a few thousand $$ from each, then it's worthwhile.... and then you're on a (suckers) list.

One of our tv programs covered this a few days ago and people have gone as far as remortgaging their houses and selling all they have to get the money to pay the upfront fees to these criminals. Once you're on a list it can be sold to others who will send similar mail. And boy do you get mail.... a mailbag a month of "you're a winner" type scams.

It's less dangerous than robbing banks, drug dealing.... you'll probably never get caught and there are plenty of suckers out there to fall for it, especially now when people are short of money.


http://news.bbc.co.uk/1/hi/england/7297590.stm

A pensioner has told how she lost her £26,000 life savings in a lottery scam.
Joan Winters, 82, of Darlington, County Durham, paid out the cash after falling victim to phone calls and letters from abroad claiming she had won £400,000.



http://news.bbc.co.uk/1/hi/business/7600635.stm

Some victims of these scams can end up spending thousands of pounds, regularly replying to scam letters.
One of these was Jessica Looke, of Derby, who died aged 83 having spent £50,000 over the previous five years replying to these mailings.
"When clearing her house I removed about 30,000 letters all tightly knotted in carrier bags. They were pushed in drawers and cupboards and her shed was full of them," said daughter Marilyn Baldwin, who has started a campaign to raise awareness of these scams.
wheat and dairy can screw up your brain
 
Elite
Posts: 2296
Joined: Thu Jun 29, 2006 6:31 pm

RE: Emails Regarding Funds Transfer

Thu Jun 25, 2009 10:31 am



Quoting Oly720man (Reply 4):

That's what is sickening - they usually prey on old people who live alone and who are not used to dealing with this kind of thing. And the money that they lose is very, very important to the elderly. Only desperate and wretched people would resort to such methods.

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