Saga internet dating
The sums involved are usually in the millions of dollars, and the investor is promised a large share, typically ten to forty percent, in return for assisting the fraudster to retrieve or expatriate the money.Although the vast majority of recipients do not respond to these emails, a very small percentage do, enough to make the fraud worthwhile, as many millions of messages can be sent daily.The ODA was set up in 2013 by a number of industry players who saw the need for the industry to step up and take responsibility for setting and maintaining standards.The Association will have an important and traditional role as a trade body – ensuring the sector is properly represented so that it has a stronger voice with Government, regulators, the media, financial service providers, social networks and others.
While Nigeria is most often the nation referred to in these scams, they originate in other nations as well.
According to Cormac Herley, a researcher for Microsoft, "By sending an email that repels all but the most gullible, the scammer gets the most promising marks to self-select." In Nigeria, scammers use computers in Internet cafés to send mass emails promising potential victims riches or romance, and to trawl for replies.
They refer to their targets as Magas, slang developed from a Yoruba word meaning "fool".
In exchange for transferring the funds out of Nigeria, the recipient would keep 30% of the total.
To get the process started, the scammer asked for a few sheets of the company’s letterhead, bank account numbers, and other personal information.