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There is enough information on the Internet, and elsewhere, explaining 419 fraud so that we don’t have to go into detail on this website.
Briefly, 419 is the section of the Nigerian penal code pertaining to financial fraud. Since this type of fraud seems to have originated in Nigeria, and was first proliferated extensively by Nigerian scammers, the term for this ubiquitous type of fraud is now called simply “419.”
However, it is no longer limited to Nigeria or Nigerians. Any unsolicited communication via email or fax that starts with a story about blocked, lost or missing funds which require participation of the victim to “free” or move or expatriate is a 419 fraud. This includes “black money” situations where allegedly huge sums of money need to be chemically “washed” – at the victim’s expense – before they can be shared.
There are various methods by which 419 fraud can be resolved. In certain instances scammed funds can be recovered, “black” (dyed) money can be cleaned and the scammers can be caught and prosecuted.
The victim’s money does not necessarily wind up in Nigeria. There are usually people and institutions of many countries involved, and thus there can be many different remedies.
If you have actually lost money in a 419 scam, contact G2 for a free assessment of your situation. If you think you are being induced into a 419 scam, do not travel or send funds anywhere, nor give out private banking information without contacting experienced professionals such as G2.
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