It is estimated that citizens in the U.S. alone are losing as much as $1,000,000 DAILY to Nigerian Report Scam! As someone doing your business on the Internet,  this article will show you how to stay protected online. The newer variations and twists of the scams that can defraud even the most scam-conscious individuals…

As an Internet user, have you received a letter, fax or e-mail asking you to help a Nigerian {or any other citizen who you previously don’t know} with a bank transaction – and offering you a chance to share millions of dollars? This is a typical Nigerian Scam which has been around for decades, but now it seems to have reached epidemic proportions with the use of the Internet

While some people recognize that this scheme, also known as the -419 Advanced Fee Scam,- sounds too good to be true. Unfortunately thousands of other people, daily, keep being victimized by this fraud. It is not really their fault because daily. These scammers keep coming up with newer twists and variations to the scams to defraud even the most scam conscious individuals.

Many people engaged in doing business on the Internet are increasingly becoming victims. This notorious scam despite all the warnings about Report Scam in general. Typically, a company or individual receives an unsolicited letter. Fax or email from a Nigerian claiming to be a senior civil servant.

In the email, the Nigerian informs the recipient that he is seeking a reputable foreign company. Or individual into whose account he can deposit funds ranging from $10 to $60 million. Which the Nigerian government supposedly overpaid on a procurement contract. In return, the recipient gets to keep a share of the millions. There are dozens of different variations of this email originating from several countries. All involving a plea for help and a promise to share the riches.