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An advance-fee scam is a form of fraud and is a common confidence trick. 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.
Another type of lottery scam is a scam email or web page where the recipient had won a sum of money in the lottery. The recipient is instructed to contact an agent very quickly but the scammers are just using a third party company, person, email or names to hide their true identity, in some cases offering extra prizes (such as a 7 Day/6 Night Bahamas Cruise Vacation, if the user rings within 4 ...
Scam baiting (or scambaiting) is a form of internet vigilantism primarily used towards advance-fee fraud, IRS impersonation scams, technical support scams, [1] pension scams, [2] and consumer financial fraud. [1]
A recovery room scam is a form of advance-fee fraud where the scammer (sometimes posing as a law enforcement officer or attorney) calls investors who have been sold worthless shares (for example in a boiler-room scam), and offers to buy them, to allow the investors to recover their investments. [92]
The list is not exhaustive. 419, see § Advance-fee; Advance-fee – involves promising a 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.
After the list is sold, the victims may be called by scammers promising to recover the money they lost or the prize or merchandise they never received, in an advance-fee scam. [4] [5] An early example of sucker lists is mentioned an 18 November 1929 article in Time which described a list of people who contributed to a lobbyist fund. [6]
Currently it is unclear how far back the origin of scam letters date. The oldest reference to the origin of scam letters could be found at the Spanish Prisoner scam. [1] This scam dates back to the 1580s, where the fictitious prisoner would promise to share non-existent treasure with the person who would send him money to bribe the guards.
The miracle cars scam was an advance-fee scam run from 1997 to 2002 by Californians James R. Nichols and Robert Gomez. In its run of just over four years, over 4,000 people bought 7,000 cars that did not exist, netting over US$ 21 million from the victims.