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What is meant by “Nigerian money transfer fraud”?

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What is meant by “Nigerian money transfer fraud”?

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This fraud is also known as the 419 scam (named after the Nigerian court reference to this type of crime) Its basically an email sent to you by a person stating the following: 1 they have just found a large amount of money in an official government bank account. 2 they need your help to get the money out of the country. 3 if you give them various amounts of money to cover their costs, and you account details, they will place a percentage of the money (at least a few million dollars) in your account. 4 they will insist that this is very secret and not to tell anyone!! If you fall for the fraud, you will tend to loose a lot of money. There are variations on this (different countries, etc) but they are all the same!

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