October 31, 2007
Internet Financial Scams
| Host: | Vic Eliason |
| Guest: | Bill Hann |
| Listen: | RealAudio | Windows Media | MP3 | Order Tape or CD |
Bill Hann is a retired FBI agent who spent 31 years with the organization, dealing with financial crimes and international terrorism. He appeared on Crosstalk to discuss Nigerian fraud schemes.
The details surrounding each Nigerian fraud scheme may vary, but one approach is to promise a huge sum of money if you send a given amount to pay for legal expenses. This can involve giving away personal banking information and that can result in devastating financial consequences.
The name of these scams suggests activity from only one country, but listeners must remember that these schemes can have their origin in other nations as well.
Bill says the source of these scams is Internet cafes where scammers will spend 8-10 hours a day with a laptop computer, sending out fraudulent e-mails.
More Information
You can forward suspicious e-mails to the following Internet address:
http://www.ic3.gov
