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  Tuesday, March 07, 2006 – Permalink –

OUTLOOK


4-1-9


Nigerian Advance Fee Fraud


The Advance Fee Fraud (AFF) is known internationally as "4-1-9" fraud after the section of the Nigerian penal code which addresses fraud schemes.
(BTW, it is pronounced 4-1-9, not four-nineteen.)


You've most probably been approached via email to help some poor soul smuggle millions out of some war torn province in return for a generous finder's fee.

"A renowned psychiatrist from UC Irvine was duped into squandering at least $1.3 million of his family's fortune on a Nigeria Internet scam, according to a lawsuit recently filed by his son.

The son, also an Orange County doctor, said his father - Dr. Louis A. Gottschalk - gave as much as $3 million over a 10-year period in response to an Internet plea that promised the doctor a generous cut of a huge sum of cash trapped in African bank accounts in exchange for money advances.

Gottschalk - who at 89 still works at the UCI campus medical plaza that bears his name - said in court papers that the losses were caused by "some bad investments."

Guy Gottschalk is asking a judge to remove his father as administrator of the $8-million family partnership that was set up for tax purposes after the death of his mother in 1993. A hearing is set for March 14.

The suit alleges that Louis Gottschalk destroyed bank records to cover up the amount of his losses.

"While it seems unlikely, even ludicrous, that a highly educated doctor like [Gottschalk] would fall prey to such an obvious con, that is exactly what happened," wrote Guy Gottschalk's attorney in court papers."


LA Times March 2, 2006


If your willing to take the risk, here is a site that baits the scammers.

419Eater.com




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<Doug Klippert@ 6:45 AM

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