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In Depth Analysis of the Nigerian Prince Scam

One of the longest running online scams, the infamous 'Nigerian Prince Scam' where someone is contacting you to help them secure a great amount of money, usually from inheritance, has defrauded countless people worldwide. Below is a thorough analysis of its scheme:

The Setup

The scammer poses as a Nigerian prince (or any high rank official) promising large sums of money in exchange for help to retrieve the funds. In the email, it’s common to be addressed as 'Dear Friend'. However, sometimes, scammers put effort to make the scam more believably by doing preliminary research about the victim.

The Catch

The catch is that the prince/official needs you to pay a small fee to cover legal, banking, or transaction costs, and this is where they make their money.

The Hook

The scammer keeps asking for more and more money, feigning complications, unexpected costs, and legal hurdles, to keep you paying.

Sunk Cost Fallacy

The victim finds themselves financially and emotionally invested, and even when they start suspecting it's a scam, they hope by investing a little more, they finally get the promised return and end their 'miseries'.

In conclusion, the only way to avoid scams like this is not to engage with them at all. Use critical thinking and if you're in doubt, consult friends, family or online communities like this for insight.

Submitted 1 year, 1 month ago by antiscamguru


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Just more proof that everything's a scam nowadays. Can't trust anyone or anything. They're all out to get us, one way or another.

1 year, 1 month ago by CTA_Junkie

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Back in my day, at the dawn of the internet, these scams were everywhere. How people still fall for it is beyond me. It's the oldest trick in the book. But as they say, a sucker is born every minute.

1 year, 1 month ago by OldGuard

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Get a good spam filter. Block these types of emails to begin with. These days AI-based spam filters are less likely to let these through. Stay safe on the net.

1 year, 1 month ago by byteMe

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Oh, so you mean that prince who was gonna give me his fortune was a scammer?? Shoot! And here I thought I was gonna be a millionaire 💔

1 year, 1 month ago by Tr0lling4fun

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Did you guys know that this scam is sometimes called 419 scam? It's named after the Nigerian penal code that it violates. Really shows you the origin, right? Remember, if you see anything like this, just report, block, and move on. Don't respond. It's never worth it.

1 year, 1 month ago by BeAware1

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I can't believe people still fall for this nonsense. It's so obvious isn't it? Or am I being naive?

1 year, 1 month ago by widEeyedN3wbie

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Great explntn, mate. This scam goes beyond the typical Nigerian prince; it could come from anyone, any country. Now it's evolving into MLM schemes, investment opportunities etc. Constant vigilance, people! Always fact check, research and consult before parting with your hard-earned cash.

1 year, 1 month ago by ScamDetectorPro

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Been duped by this one when I was new to the internet. Embarrassing to admit but yeah, it happens. Lesson learned, always do my homework about anything that looks too good to be true.

1 year, 1 month ago by n0taprinc3ss