Video: Billion-Dollar Nigerian e-mail Scams busted by Investigative team of ABC News

I am sure you must have received emails stating that he requires help in inheriting the money of the deceased, or that you have won a lottery.

You know the rest of the story. The guy claims to have found you because you seem trustworthy. It's a matter of great urgency. He has oodles of money and needs you to help him get it out of the country. If you consent to help, you get 10% of some multimillion-dollar bonanza.

This particular type of scam has a name, a 419 scam, named after the Nigerian penal code which relates to fraud. But, as my letter attests, it's not limited to Nigeria.

As soon as you say yes to helping them move money, things start falling apart. You'll get asked to front money to bribe officials, pay fees, help relatives travel out of the country, have papers forged. You may even receive an installment on your big win—a check to deposit, though it's often forged.

The investigative team lead by Brian Ross of ABC News busted such scams in Nigeria.

Check out the video.

Online con artists in Nigeria are making a fortune by swindling Americans.





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