Oh My Fraud

The Fraud That Keeps on Frauding | Advance Fee Scams


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From Spanish Prisoners to Nigerian Princes, advance fee scams have endured for centuries, relying on victims to follow the same formula: pay first, regret later.


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  • (00:00) - Introduction to Advanced Fee Scams
  • (00:57) - Podcast Introduction and Listener Interaction
  • (06:25) - Historical Background of Advanced Fee Scams
  • (12:51) - Modern Variations and Techniques
  • (16:12) - Psychological Manipulation in Scams
  • (21:26) - Case Studies of Advanced Fee Scams
  • (28:47) - How to Spot and Avoid Scams
  • (35:28) - Conclusion and Final Thoughts

  • Join Caleb and Greg live in New Jersey NJCPA Convention & Expo [NJCPA]


    HOW TO EARN FREE CPE

    In less than 10 minutes, you can earn 1 hour of NASBA-approved accounting CPE after listening to this episode. Download our mobile app, sign up, and look for the Oh My Fraud channel. Register for the course, complete a short quiz, and get your CPE certificate.

    https://www.earmark.app/

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    CONNECT WITH CALEB
    LinkedIn: https://www.linkedin.com/in/calebnewquist/

    Email us at [email protected]


    Sources:

    • Advance-fee scam [Wikipedia]
    • Spanish Prisoner [Wikipedia]
    • Pigeon drop [Wikipedia]
    • The 9 Lives of the Spanish Prisoner, the Treasure-Dangling Scam That Won’t Die [Atlas Obscura]
    • AN OLD SWINDLE REVIVED. [NYT/TimesMachine]
    • Nigerian Scams [Know Your Meme]
    • We’re All Somebody’s Fool | Dan Simons & Chris Chabris [OMF]
    • The Psychology Behind Advance Fee Scams [Fraud, Risk and Compliance]
    • Chief Executive Officer And Orchestrator Of $10 Million Advance Fee And Alaskan Gold Mine Investment Schemes Sentenced To More Than 20 Years’ Imprisonment [DOJ]
    • After Bilking Victims of $10 Million, Serial Swindler Is Sentenced to Nearly 22 Years [NYT]
    • Lengthy Prison Term for Advance Fee Fraudster [FBI]
    • Two Convicted in Multi-Million-Dollar Advance Fee and Alaskan Gold Mine Investment Schemes [FBI]
    • The centuries-old scam still fooling thousands every year [Telegraph]
    • Almost 800 arrested over Nigerian crypto-romance scam [Reuters]
    • Nigeria investigates nearly 800 suspects arrested in massive cybercrime raid [VOA]
    • EFCC bursts syndicate run by foreigners in Lagos operating crypto investment, romance scam [Ripples Nigeria]
    • We’re Not a Bank in Kansas Anymore [OMF]
    • 363: Enforcers [This American Life]
    ...more
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    Oh My FraudBy Caleb Newquist

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