Monday, February 23, 2009

Citibank Falls For A Scam Your Great Grandmother Is On To

Remember those emails you used to get promising you $12 million dollars if you helped a Nigerian prince get some money out of the country before it was seized by a junta, or some such nonsense? Nobody falls for that anymore. How dumb do you have to be to think, "hey, maybe this is legitimate" after all the publicity this scam has gotten over the years? Not to mention the fact that the scam is ridiculous on its face.

Apparently there's one victim out there who still hasn't caught wise to the old 419 scam to the tune of $27 million:

To carry out the elaborate scheme, prosecutors in New York said on Friday, the man, identified as Paul Gabriel Amos, 37, a Nigerian citizen who lived in Singapore, worked with others to create official-looking documents that instructed Citibank to wire the money in two dozen transactions to accounts that Mr. Amos and the others controlled around the world.

Yep, Citibank sent $27 million to a Nigerian scammer. Is it any wonder banks need bailout money to keep from going under?


  1. And to think, had Citibank not been in such hard times, this probably would have been buried in the profits and never reported. Twenty Seven million...gone. I've been known to live on less; do you think I can get a bailout?

  2. I would have thought this story would have gotten more coverage, but I guess the stimulus is old news now. Hey, the Oscars are on!