Here is another report claiming that US$100 million are lost to 419 scam every year. The amount is undisputable and could be even higher with reports from many countries including Canada, Australia, India and more.
A large deal of the scams were lottery scams where the victims were made to “pay and pay” fees and commissions, hoping to claim the “prize money”.
“A Morganfield man is starting his life over again at the age of 46 after falling for one of the oldest scams around. He’s not alone, there are many just like him hoping this is the answer they’ve been searching for to a better life.”