Sunday, June 12, 2011

419 is the loneliest number - conclusion

Sorry - took the day off yesterday.  Let's conclude our discussion of the 419 scam.

As I stated the other day, the entire goal of the scam is to continue to get money from the mark.  There is no "Big Payoff."  The mark will never receive any money.  The entire point is for the mark to continue to send money to the scammers.  There will always be some excuse as to why more money is needed.  

At some point, the mark may have enough and quit the entire scam.  He may have lost hundreds of dollars, possibly thousands, but at least he emerged perhaps the wiser.  But, the scammer still made money from him.

Remember - the entire goal of the scammer is to delude the target into thinking that he is being drawn into a lucrative venture.  The mark must believe in the potential success of the deal in order to look past the constant barrage for money and monetary demands.  The "hook" must be constantly replenished.  

Not all 419 scams end, however, with the person simply losing money.  Sometimes the mark becomes so psychologically bound to the entire scam that he continues to give money and more money.  Sometimes, the mark becomes so involved that the scammers know that they can continue to get more and more money from the mark.

And, this is where it gets dangerous.  But, that is a story for another time.  We will revisit the 419 scam again in the future.

In the meantime, the best way to protect yourself from a 419 scam is to NEVER trust any offer over email without first verifying it with a qualified person, such as a Fraud Examiner.  At the very least, get a second opinion from a trusted friend of family member.  And, if the email says to "keep it secret," well, this is all you really need to know.  

If something seems to good to be true, it usually is.

As always, feel free to examine our website: www.tauskvega.com

Have a great and fraud-free day.

------------------->>>>>>>>>>>>>>>>>>>gene tausk

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