Bookmark and Share

Enter your email address:

Delivered by FeedBurner



Home Page













Subscribe here
Add to My Yahoo!
This page is powered by Blogger. Isn't yours?

Host your Web site with PureHost!


eXTReMe Tracker
  Web http://www.klippert.com



  Saturday, May 02, 2009 – Permalink –

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


[Edited entry from 3/7/2006]




See all Topics

Labels:


<Doug Klippert@ 3:26 AM

Comments: Post a Comment

Links to this post:

Create a Link