ADVANCE FEE FRAUD
February 1st, 2003
BY KEITH NUTHALLFRAUDSTERS have developed two new twists on the ever-popular advance fee scam. The International Chamber of Commerce has warned of a Nigerian oil fraud particularly featuring Bonny Light oil, where fake oil traders offer up to 1 million barrels at below market rates, following the payment of cash fees of around US$50,000. The oil is never delivered. Meanwhile, the ICC is warning of an email lottery scam in Australia and the south Pacific, where residents are told they have won cash prizes in the Spanish lottery, El Gordo, which are only redeemable ...
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