Posts Tagged 'nigeria'

You won $1 million!…and other famous e-mail hoaxes



How many former Nigerian treasury ministers do you have to hear from before you learn that a lottery check isn’t in the mail?

The old Nigerian lottery scam is just one of the e-mail frauds Info World shows us.

The others include the old “cellphones pop popcorn” trick and any offer to send in a fee so the e-mailer can send you back an even bigger prize. Sadly, we get these fake checks all the time at the credit union, and members seem none the wiser. Says Info World:

The saddest part is, the only reason annoying e-mail keeps filing your inbox is because it works. No matter the number of reports detailing e-mail hoaxes gone bad and tales of spammers taking people for all they’re worth, people just keep on clicking.

Why do e-mail scams work? Simple percentages: even if only 0.1% of people who receive e-mail scams respond to the offer, it’s still a profitable deal for the scammers.

Snopes.com is a great way to find out if the e-mail that just landed in your inbox is authentic or not. In fact, they publish a Top Urban Legends list that can come in handy – especially during the political season, when all kinds of falsehoods are spread. On the financial side, it’s always best to keep that old rule in mind: if it sounds too good to be true, it usually is.



American 1 Federal Credit Union