turetzsr Posted October 9, 2007 Share Posted October 9, 2007 ...Article: spam-scam crackdown nets $2 billion in fake checks. ...Excerpts: WASHINGTON (Reuters) - An international crackdown on Internet financial scams this year has yielded more than $2.1 billion in seized fake checks and 77 arrests in the Netherlands, Nigeria and Canada, U.S. and other authorities said on Wednesday [Oct 3, 2007]. The scammers, often West African organized crime groups, use ploys such as "spam" e-mail offering to pay recipients "processing fees" for depositing checks, which later turn out to be phony, and sending the ostensible proceeds to the scammer, authorities said. ... Nigeria has brought to court 290 cases of suspected fraud, and the prosecutions have been successful in 115 of the cases so far, said Ibrahim Lamorde, head of that country's Economic and Financial Crimes Commission. He said Nigeria is doing its best to stamp out the fake-check operations. It has seized counterfeiting equipment and convened meetings of anti-fraud officials from across Africa. But he acknowledged Nigeria has an image problem. ... Link to comment Share on other sites More sharing options...
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