[OLD NEWS] Banker Loses $240. MILLION In Nigerian 419 Scam

Discussion in 'BlackHat Lounge' started by The Scarlet Pimp, Dec 31, 2012.

  1. The Scarlet Pimp

    The Scarlet Pimp Senior Member

    Apr 2, 2008
    Likes Received:
    Chair moistener.
    this is from several years ago, but it shows that this scam still works.
    no wonder the emails keep coming.

    Banker Loses a Quarter Billion Dollars On a "Nigerian Prince" Scam

    By now, everybody on the Internet is familiar with the "419 Nigerian Prince scam".

    A "Prince" in Nigeria claims he has millions of dollars hidden away in some mysteriously locked account that may or may not be guarded by a fearsome dragon that only one of pure blood can open.

    The good news is he will gladly share it with you, and the even better news is that you only have to send him a few thousand dollars to get in on the action.

    Even though it's now become the Internet equivalent of the old cliche "bridge in Brooklyn" scam, occasionally a little old lady who keeps her money under her cat's mattress does get taken in and loses a few thousand dollars. That doesn't surprise us.

    What does surprise us is when somebody like Nelson Sakaguchi falls for it. You see, Sakaguchi was director of the Bank Noreste, in charge of (you cannot make this shit up) its overseas accounts.

    While Sakaguchi presumably came armed with a vast array of knowledge from a lifelong career in bank management, he was no match for the Nigerians who probably came armed with a fax machine from a foreclosed-on Staples, some second-hand Hypercolor sweaters and a command of the English language only rivaled by Japanese t-shirts run through Babelfish a few times.

    The spammers sent Sakaguchi an invitation from the Nigerian government to get in on a plan to build an airport, because the usual bag-with-money-sign was considered played out that season. Sakaguchi agreed to a meeting and met with a man who introduced himself as the director of the Bank of Nigeria.

    How did he fool a sharp-eyed real life bank director?

    He had a business card!

    That's seriously it.

    He promptly wired them $4 million dollars. We don't know off hand what the exchange rate is in Nigeria, but we're pretty sure that's enough money to buy the entire country and staff it with Diamond-encrusted whore robots.

    But the scammers weren't content with precious jewel skankbot money; oh no. They continued playing him even after he'd wired them enough money to start a minor but influential religion.

    Building an airport ain't cheap, and Sakaguchi just kept transferring cash.

    Luckily for him, both Lloyd's Bank and Citigroup also had hired directors with only a dim understanding of the word "money," because somehow no one in the giant corporation saw anything suspicious about the millions of dollars being funneled through their accounts to "some dude" in Nigeria.

    When the other directors at Sakaguchi's bank started noticing that the piles of money they used to jump into were noticeably worse at cushioning their cannonballs, they finally put a stop to it.

    Unfortunately, by that time Sakguchi had sent $242 million to the scammers.

    Oh, but don't worry: Not all of it was lost to the Nigerians. $20 million of the money was actually lost when he paid a Voodoo priestess to buy 240,000 pigeons for a ritual to help him get out of his jam.

    The pigeons, as usual, contributed nothing helpful.

    Read more: