Yahoo Plus: Nigeria’s 419419 An advance fee scam or fraud (419 scam) is a form of fraud and is one of the most common types of online confidence tricks. The scam typically involves promising the victim a significant share of a large sum of money, in return for a small up-front payment, which the fraudster claims will be used to obtain the large sum. If a victim makes the payment, the fraudster either invents a series of further fees for the victim or simply disappears. The 419 comes from the Nigerian law against this type of scam. scamScam A Scam is a confidence trick - a crime - is an attempt to defraud a person or group after first gaining their trust through deception. Scams or confidence tricks exploit victims using their credulity, naïveté, compassion, vanity, irresponsibility, or greed and exploiting that. Researchers have defined confidence tricks as "a distinctive species of fraudulent conduct ... intending to further voluntary exchanges that are not mutually beneficial", as they "benefit con operators ('con men' - criminals) at the expense of their victims (the 'marks')". A scam is a crime even if no money was lost. network is spreading into Ghana
We know that Nigerian Scammers have spread throughout much of the world, but this represents a more serious movement into Ghana to consolidate the region.
Internet fraudFraud In law, fraud is intentional deception to secure unfair or unlawful gain (money or other assets), or to deprive a victim of a legal right. Fraud can violate civil law (e.g., a fraud victim may sue the fraud perpetrator to avoid the fraud or recover monetary compensation) or criminal law (e.g., a fraud perpetrator may be prosecuted and imprisoned by governmental authorities), or it may cause no loss of money, property, or legal right but still be an element of another civil or criminal wrong. The purpose of fraud may be monetary gain or other benefits, for example by obtaining a passport, travel document, or driver's license, or mortgage fraud, where the perpetrator may attempt to qualify for a mortgage by way of false statements. A fraud can also be a hoax, which is a distinct concept that involves deliberate deception without the intention of gain or of materially damaging or depriving a victim. from Nigeria is not new, yet the sophistication of local cybercriminals has intensified and mutated in the last few years.
Nigeria is ranked third behind the UK and the US in cybercrimesCybercrimes Cybercrime is a crime related to technology, computers, and the Internet. Typical cybercrime are performed by a computer against a computer, or by a hacker using software to attack computers or networks. worldwide, according to the Nigerian Communications Commission.
Efforts by former Nigerian President Goodluck Jonathan to enact laws against cybercrimeCybercrime Cybercrime is a crime related to technology, computers, and the Internet. Typical cybercrime are performed by a computer against a computer, or by a hacker using software to attack computers or networks. have only pushed the illicitillicit Illicit means something that is not legally permitted or authorized under the law; unlicensed; unlawful. It can also mean disapproved of or not permitted for moral or ethical reasons. trade, also known as 419 fraud, into other countries such as Ghana.
Ghana’ Madina Divisional Police Command last August arrested 26 Nigerians for suspected Internet fraud. In their possession upon arrest were 33 Laptops, 26 mobile phones, and flash drives among other gadgets.
The amount of money stolen worldwide in 2017 via the Internet reached US$172 billion, according to a report by cybersecurity firm Norton.
The scammers, also known as Yahoo Boys, are criminals responsible for the mutation of this trade to whatever form will yield the most money.
A decade ago romance scamsScams A Scam is a confidence trick - a crime - is an attempt to defraud a person or group after first gaining their trust through deception. Scams or confidence tricks exploit victims using their credulity, naïveté, compassion, vanity, irresponsibility, or greed and exploiting that. Researchers have defined confidence tricks as "a distinctive species of fraudulent conduct ... intending to further voluntary exchanges that are not mutually beneficial", as they "benefit con operators ('con men' - criminals) at the expense of their victims (the 'marks')". A scam is a crime even if no money was lost. were hot, but since the world is catching on somewhat, cybercriminals have transformed their illicit trade into more complex endeavors that target vulnerable victims everywhere for easily and quickly money.
THE YAHOO SENSE OF UNITY
The Yahoo Boy rarely lives alone. A sense of community is vital to know how to make money, avoid certain locations, and know what type of fraud to commit in what region of the world.
Back in New Haven, a commercial center in Enugu state, Nigeria, scammerScammer A Scammer or Fraudster is someone that engages in deception to obtain money or achieve another objective. They are criminals that attempt to deceive a victim into sending more or performing some other activity that benefits the scammer. Chukwukadibia Godson explains the need for this group of criminals to stay together:
‘It depends on what stage of despair over life, in general, you are when you get in. If you are new then you need to know which brand of this business will pay and how soon.”
“You need to know what time of day to throw a bait and on what platform, what time to check back in on a client, and you need business documents, and that can be produced here in New Haven. So you need to stay close because you will get all that information here.”
The aim is to get money from unsuspecting individuals or businesses from around the world. Once a victim transfers money, the criminalCriminal A criminal is any person who through a decision or act engages in a crime. This can be complicated, as many people break laws unknowingly, however, in our context, it is a person who makes a decision to engage in unlawful acts or to place themselves with others who do this. A criminal always has the ability to decide not to break the law, or if they initially engage in crime to stop doing it, but instead continues. does not stop until that victim has no more money and no one else to borrow from.
Godson, 29 years old, rides a ‘Lexus Yahoo boy’ also known as the Lexus Rx330, a signature vehicle for the successful scammer that he changes once every two years.