Nigerian "Advance Fee Fraud" Schemes

 

Nigerian Advance Fee Fraud

One type of advance fee fraud is known as a Nigerian “Advance Fee Fraud.”  In these schemes, someone pretending to be a Nigerian official or business-person asks ordinary individuals and companies to help move millions of dollars out of Nigeria in exchange for high, hassle-free profits. The fraudsters solicit investors through mass mailings, faxes, phone calls, and e-mails.

The U.S. Secret Service has set up a task force for addressing only Nigerian "Advance Fee Fraud" schemes.

If you have suffered a financial loss from a Nigerian “Advance Fee Fraud” scheme, please contact your local U.S. Secret Service Field Office. You can find the nearest office on the Secret Service website.

If you have not lost any money, but received a solicitation, please send the information by e-mail to spam@uce.gov.  For more information about the Nigerian "Advance Fee Fraud" schemes, please read the U.S. Secret Service's alert posted on its website.

 

We have provided this information as a service to investors.  It is neither a legal interpretation nor a statement of SEC policy.  If you have questions concerning the meaning or application of a particular law or rule, please consult with an attorney who specializes in securities law.