Chances are you’ve heard about this one. Although named after Nigeria, the emails can come from Sierra Leone, the Ivory Coast, or almost any other country. Typically they consist of some high ranking or influential individual soliciting assistance in something to the effect of transferring money abroad. Usually they promise a significant portion of their wealth in return for your help. Unfortunately all the transaction costs and fees that you end up paying for are phony and it’s time to write of your losses.
If you ever get an email or telephone call informing you that you have won some sort of lottery or sweepstakes and all you need to do is call a 1-900 toll number to claim the prize…don’t do it. Every second that you spend on the line listening to the extended pre-recorded message is just more money trickling out of your bank account and into theirs.