Tagged: Fraud

Nigerian scammer astronaut lost in space needs $3m to get home

The words “Nigerian prince” raise red flags for many readers, as they have become synonymous with a type of fraud known as 419 or system of “advance fee fraud”. Yet many people are still drawn by these letters and emails promising wealth in exchange for sending aid to a non-existent member of royalty Nigeria.

This time, the Nigerian astronaut Abacha Tunde was stuck in space and his cousin, Dr. Bakare Tunde, asked you, the reader, for $ 3 million to bring him home.

 

Subject: Nigerian Astronaut Wants To Come Home
Dr. Bakare Tunde
Astronautics Project Manager
National Space Research and Development Agency (NASRDA)
Plot 555
Misau Street PMB 437 Garki, Abuja, FCT NIGERIA

Dear Mr. Sir,

REQUEST FOR ASSISTANCE-STRICTLY CONFIDENTIAL

I am Dr. Bakare Tunde, the cousin of Nigerian Astronaut, Air Force Major Abacha Tunde. He was the first African in space when he made a secret flight to the Salyut 6 space station in 1979. He was on a later Soviet spaceflight, Soyuz T-16Z to the secret Soviet military space station Salyut 8T in 1989. He was stranded there in 1990 when the Soviet Union was dissolved. His other Soviet crew members returned to earth on the Soyuz T-16Z, but his place was taken up by return cargo. There have been occasional Progrez supply flights to keep him going since that time. He is in good humor, but wants to come home.

In the 14-years since he has been on the station, he has accumulated flight pay and interest amounting to almost $ 15,000,000 American Dollars. This is held in a trust at the Lagos National Savings and Trust Association. If we can obtain access to this money, we can place a down payment with the Russian Space Authorities for a Soyuz return flight to bring him back to Earth. I am told this will cost $ 3,000,000 American Dollars. In order to access the his trust fund we need your assistance.

Consequently, my colleagues and I are willing to transfer the total amount to your account or subsequent disbursement, since we as civil servants are prohibited by the Code of Conduct Bureau (Civil Service Laws) from opening and/ or operating foreign accounts in our names.

Needless to say, the trust reposed on you at this juncture is enormous. In return, we have agreed to offer you 20 percent of the transferred sum, while 10 percent shall be set aside for incidental expenses (internal and external) between the parties in the course of the transaction. You will be mandated to remit the balance 70 percent to other accounts in due course.

Kindly expedite action as we are behind schedule to enable us include downpayment in this financial quarter.

Please acknowledge the receipt of this message via my direct number 234 (0) 9-234-2220 only.

Yours Sincerely, Dr. Bakare Tunde
Astronautics Project Manager
[email protected]
http://www.nasrda.gov.ng/

Woman Tries To Scam Person She Bought A Couch From With Fake Bed Bug Pics – Crooks aren’t smart. If they were, they wouldn’t need to be crooks

Woman messaged the person who has sold the sofa, saying it has bed bugs in and claim. However, after the fraudster threw it low shot, the seller, he replied with a hook that connected so the scammer fainted in the middle of the conversation. Using stock photos does not work. When will people understand that? I seriously don’t get how they can be so dumb to try it over and over again.

Bre-X Fools for Gold Fraud

Bre-X Minerals Ltd. was a small Canadian mining company that made a big announcement in 1995. Geologists had discovered gold on a site Bre-X owned near Busang, Indonesia. Not just a little gold, either—at least 30 million ounces, possibly as much as 200 million ounces. Given the high prices of gold, such a deposit would have been worth tens of billions of dollars. Bre-X’s stock price shot through the roof; shares went from being valued at a few cents to over $280 Canadian.

In fact, the deposit seemed so rich and so large that a small company like Bre-X could not possibly handle it all without some help. In 1997, the Indonesian government convinced Bre-X to take on an American firm as a partner to help extract the gold. When this firm, Freeport-McMoRan, started sampling the soil at the deposit site as part of its due diligence, it reached a confusing conclusion: there wasn’t any gold in the soil. Subsequent examinations by independent auditors reached the same conclusion. The “natural”?? gold that in the original samples Bre-X had taken was mostly river gold from other regions or shavings off of gold jewelry.

Although the company’s market cap had climbed to $4.4 billion, this report quickly destroyed Bre-X’s value. Share prices dropped 97 percent in a day following the announcement, the company was soon removed from the Toronto Stock Exchange and Nasdaq, and Bre-X quickly went bankrupt. Amazingly, no one ended up in jail from this scam, but you should still probably be wary if anyone offers to sell you an enormous gold mine on Borneo.

When Friday Went Black

Ulysses S. Grant’s presidency did not go smoothly. One of the biggest scandals occurred in 1869, when a group of speculators raised the US gold market.

The plan began when financier James Fisk and baron robber Jay Gould formed a group of speculators with the aim of cornering the gold market, which would give the group the ability to manipulate prices. Of course, people can only corner the market if there is a fixed amount of gold. If not, the government can only sell large amounts of gold, and cornering efforts will be an expensive failure. In an effort to avoid this fate, Gould and Fisk bring President Grant Abel Corbin’s brother-in-law into their folds. Using Corbin’s influence to get an audience with the President, the couple will argue for Grant that selling gold is a terrible idea that the government must avoid it in any way. The clever couple also used their influence in the White House to secure a position as assistant treasurer of the United States for Daniel Butterfield, who would warn them if the government began selling gold.

Ulysses S. Grant’s popularity plummeted when his presidency grew and scandals damaged his reputation. No one attacked closer to home than Black Friday – the collapse of the U.S. gold market on September 24, 1869. At the root of the scandal were two famous bastards, Jay Gould and Jim Fisk.

With their connections in place, Fisk and Gould began buying gold in September 1869, quickly pushing gold prices up by around 30%. However, when Grant and his advisers were wise with this situation, the government quickly sold $ 4 million in gold to complete it, effectively killing rising prices on September 24. When investors try hard to get rid of their overpriced gold, prices drop sharply, and many involved in fraud lose a lot of money. Fisk and Gould managed to avoid big losses because of their connections in the treasury, but what was known as Black Friday did not give them a big windfall – and significantly harmed the American economy.