The Nigerians are Upping Their Game

Zeitgeist watch! Nigerian scammers are now relying on helicopter money as their basis for being able to say they have plenty of money to offer their intended victims.

Via e-mail:

Dear Beneficiary,

I am Janet L. Yellen, the newly-sworn Chair, U.S. Federal Reserve Bank. You will get more information about me here.

I have made it my first point of call since taking office to settle all outstanding payments accrued to individuals/corporations with respect to local and overseas contract payment, debt re-scheduling and outstanding compensation payment. This is to make sure all outstanding payments are settled before the end of the fiscal year 2014.

I have your file here in my office and it says that you are yet to receive your fund valued at $850,000 (Eight Hundred and Fifty Thousand United States Dollars only). This money will now be transferred to your nominated bank account or your preferred payment option.

You are advised to kindly reply this email with the below details enclosed to help us process your payment;

(1) Full Names:
(2) Residential Address:
(3) Current Phone Number:
(4) Age:
(5) Country of Residence:
(6) Occupation:

Thanks for your co-operation as I wait to hear from you.

Janet L. Yellen
Chair, U.S. Federal Reserve Bank

Note: The information contained in this e-mail is private & confidential and may also be legally privileged. If you are not the intended recipient, please notify us, preferably by e-mail, and do not read, copy or disclose the contents of this message to anyone.

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  1. EmilianoZ

    They’re not asking for your account number or for the payment of some processing fees. This is probably legit.

    1. Jim Haygood

      ‘This is to make sure all outstanding payments are settled before the end of the fiscal year 2014.’

      You know what’s coming next, my man: JUBILEE!

  2. ambrit

    Watch out if they tell you to transfer the money through ClickBank. Certain fees might apply.
    Besides, $850,000.00? Chump change!

  3. The Dork of Cork

    Name : The Dork of Cork
    Residential address : Land of the Little People
    Current Phone Number : 1601 Kinsale area code
    Mental Age : 12
    Country of Residence : I do not live in a country , I live on a island estate.
    Occupation ; Fisherman , tosser , bullshit artist.

    1. sufferin' succotash

      I miss trading Mars Attacks bubblegum cards.
      At lest you had a fairly good idea of what you were getting (“Monster Reaches In”).

    2. Jeff N

      haha! as a young child, I remember I used to count my folks’ Green Stamps, and go through their catalog. “Look, mommy! we have enough stamps for this toaster!!”

  4. Petey

    As Homer would say, it’s funny on so many levels.

    90% of our work is done. Now, all we have to do is get Yellen to follow the meme…

  5. McMike

    Actually, it’s a leaked copy of a letter that The Bernanke sent to bank CEOs in 2008.

    The $850,000 is in millions.

  6. Lj Roth

    Please stop trashing Nigerians as a nation because most of such scams are coming from Ukraine or China or elsewhere.

    It is time to stop the international ignorance and racism while addressing global economies.


    1. Yves Smith Post author

      Oh, get over yourself. Nigerians were the original “there is a ton of money I’d love to give you” scammers. This is a conventional description of this type of scam.

      And while you are at it, please acquaint yourself with a dictionary. Nigerians are not a race.

  7. Sarah B

    While I agree with you that the 419 scam-Nigeria tie is obviously pretty strong, hastily brushing off the idea that racism might have something to do with the fixation with internet criminality in Sub-Saharan Africa versus the internet criminality elsewhere with your duh “Nigerians are not a race” retort seemed like a missed opportunity to start an interesting discussion.

    1. Yves Smith Post author

      I don’t know where you get your idea that there is a “fixation on criminality in Sub-Saharan Africa.” That is news to me, suggesting that this is your prejudice and you are projecting it on others.

      And if you read this blog, we aren’t big on political correctness, so I reject your premise that there was anything to discuss, particularly with a reader with an obvious chip on his shoulder.

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