Published: Mon, January 01, 2018
Finance | By Cynthia Curry

Man Posing As A "Nigerian Prince" Defrauds Hundreds Of Americans

Man Posing As A

Other versions of the scam involve people claiming to represent law enforcement agencies or utility companies.

USA Today reported that Michel Neu, 67, was taken into custody in Slidell, Louisiana, and chaged with 269 counts of wire fraud and money laundering.

He is accused of acting as a "middle man" for a group of Nigerian scammers.

Most people who use emails have likely received a message that says it was from a Nigerian prince or ones offering hundreds of thousands of dollars if not millions in inheritances or for large payment for helping to launder money from royal treasuries and huge mining conglomerates.

Some of the money obtained by Neu was subsequently wired to co-conspirators in the Country of Nigeria, according to police.

The so-called "Nigerian Prince" scam goes like this. Investigators are continuing to untangle Neu's web of scams, but many other leads also connect to people outside the US, the post says.

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The Federal Trade Commission has a page dedicated to the Nigerian prince scam, describing the scam as a common phishing scam that cons people out of their money.

If you receive a letter or email from Nigeria asking for personal or banking information, the F.B.I. recommends sending it to the Secret Service, your local F.B.I. office or the Postal Inspection Service.

"If it sounds too good to be true, it probably is", Slidell Police Chief Randy Fandal said.

Research by Microsoft in 2012 found that even though the "Nigerian prince" trope was well-known, 51 percent of scam emails sampled were still referring to Nigeria.

"Never give out personal information over the phone, through email, cash checks for other individuals or wire large amounts of money to someone you don't know".

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