Every swindle is driven by a desire for easy money; it’s the one thing the swindler and the swindled have in common. Advance-fee fraud is an especially durable con. In an early variation, the Spanish Prisoner Letter, which dates to the sixteenth century, scammers wrote to English gentry and pleaded for help in freeing a fictitious wealthy countryman who was imprisoned in Spain. Today, the con usually relies on e-mail and is often called a 419 scheme, after the anti-fraud section of the criminal code in Nigeria, where it flourishes. (Last year, a Nigerian comic released a song that taunted Westerners with the lyrics “I go chop your dollar. I go take your money and disappear. Four-one-nine is just a game. You are the loser and I am the winner.”) The scammers, who often operate in crime rings, are known as “yahoo-yahoo boys,” because they frequently use free Yahoo accounts. Many of them live in a suburb of Lagos called Festac Town. Last year, one scammer in Festac Town told the Associated Press, “Now I have three cars, I have two houses, and I’m not looking for a job anymore.”
Read the story. I almost feel sorry for the guy, who was still hoping to recoup his losses even as he was heading to prison.