How do they get your money?

After I posted my last blog entry, many of you have asked how these fraudsters get the money out of you when they are offering you money.

Over the years I have researched this very carefully.

I found that they use several techniques.

But, you have to be a real idiot, filled with greed, be in so serious financial difficulties, or believe that God has magically appeared in your life, to be tricked into parting with your money.

And I have met all these types during my time of investigating these fraudsters.

I give below one typical example which the fraudsters use.

These fraudsters work in groups. Sometimes they operate from several locations around the world. The most used method is to string you along with correspondence so as get your confidence you are working with very very senior officers in companies, politicians relatives, banks, lawyers. They show you offices and access in different parts of the world (all bogus).

As they continue the correspondence, they finally offer you several alternatives to get the golden jackpot. To get it, they say that they can transfer the money to any place that you want or that they can send someone with the money to a suitable location, etc.

In each of these cases there are expenses, such as filling out a particular authorisation form that will allow them to transfer the money or providing the money to cover the travel costs of the individual who will carry the money to you, cover the insurance, etc.

Most often used is the need to complete a specific FORM. This FORM X will only be available when you purchase it from the "BANK" which is a bogus BANK. You will be dealing with te "Financial Controller" of this BANK.

The FORM may cost anywhere between Euro 5000 to Euro 20000, depending on how much of a sucker they think you are.

Or the travel bill is usually upto about Euro 10000 to bring you the money.

Once you part with this money, the whole operation vanishes into THIN AIR.

There are several other techniques used by the fraudstaers, and if you are interested, do email me and I can let you have them by return.

But above all, it is GREED that drives people to continue cooperation with these fraudsters. And I think it is best to let those who lose money to suffer their loss!

These fraudsters are dangerous people. Do not fool around with them as they usually have all your sensitive information. You can be compromised in several ways.

BE WARNED.