Advance fee scam is being used when an individual is asked to make an upfront payment in order to gain access to a larger amount of money.
A money making scheme known as an advance-fee scam is one of the most popular types of fraud. In most cases, the victim is promised a sizeable portion of a sizable sum of money in exchange for a little upfront payment, which the con artist claims would be utilised to acquire the sizable sum. If a victim pays the fraudster, they either create a series of additional charges for the victim to pay or they just vanish.
According to the Federal Bureau of Investigation, an advance fee scheme is when the victim pays money to someone in the hope of receiving something of higher value (such as a loan, contract, investment or gift), but instead receives little to nothing in return. This type of scam comes in a variety of forms, such as the Nigerian prince scam which is often known as a 419 scam.
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