Term of the day that got me worried.
I happen to be a subscriber of investopedia’s “Term of the days” email newsletter, but today my attention was caught up by a specific term of the day, and here it goes.
——————————————————————————————Term Of The Day: Nigerian Scam——————————————————————————————
A scam where the sender requests help in facilitating the
transfer of a substantial sum of money, generally in the form
of an email. In return, the sender offers a commission, usually
in the range of several million dollars. The scammers then
request that money be sent to pay for some of the costs
associated with the transfer. If money is sent to the scammers,
they will either disappear immediately or try to get more money
with claims of continued problems with the transfer.
Investopedia Says:——————————————————————————————
The reason that this type of scam is referred to as a “Nigerian
scam” is because it originated in Nigeria in the 1970s. The
scammers hope that the commission offered will be enticing
enough to compel the recipient to take the risk of sending
thousands of dollars to a stranger. The reasons given for the
transfer can differ from a government freezing an account to
the existence of an account with no beneficial owner. When it
comes to this type of request, however, it is important to
remember that if anything sounds too good to be true – it
usually is.
Warnings signs of a Nigerian scam include a U.S. currency
account in a foreign country (Nigeria, Iraq or Mauritius), odd
spelling and language in the body of the email and a promise of
substantial compensation for little effort.
——————————————————————————————My Opinion——————————————————————————————
In consideration to the fact that the Nigerian scam is the only one that is giving much credit on the internet, I do feel that this is very unfair, as in this case, such a word, finds itself in a Term of the day diary. I just don’t know what the western world of stereotypes is trying to accomplish, but whatever it is, I think they should also put into consideration, the idea of including; “The American Credit Card Theft”, on the term of the day diary. I doubt they would.
Oh dear God…...Nigerian scam is an investing term?
Comment by Boso — 9/26/2006 @ 2:23 am