'Nigerian prince' email scams still rake in over $700,000 a year—here's how to protect yourself

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'Nigerian prince' email scams still rake in over $700,000 a year—here's how to protect yourself via CNBCMakeIt

The "Nigerian prince" email scam is perhaps one of the longest-running Internet frauds. Actress Anne Hathaway even joked about it in her monologue on"Saturday Night Live" over a decade ago.

The reason these scams are so effective is that they present victims with a"perfect storm of temptations," Dr. Frank McAndrew, a social psychologist and professor at Illinois-based Knox College, tells CNBC Make It. The best way not to fall for these is to recognize them for what they are. Experts say these types of emails are typically unexpected and from an unknown sender. Some email providers may even automatically send these to your spam folder.

Overall, Americans lost over $26 million to scams last year, according to ADT. While the Nigerian prince-style schemes can cost a lot if you fall for them, investment fraud and romance scams are the most expensive for victims.

 

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MakeIt At first I question, “Are people really that fucking stupid?” and then I look at Trump rallies and answer my own question. Yep!

MakeIt

MakeIt Spoiler alert. By not replying and sending money

MakeIt A fool and his money ...

MakeIt 🙆‍♀️

MakeIt that's how he remains a prince milking the commoners

Ll Nn np

MakeIt The trump presidency is the biggest scam of all. It’s costing us trillions.

MakeIt The while presidency is a scam and the idiot republican voters fell for it and remarkably still are clueless!

MakeIt Darwin at work.

MakeIt Don't open emails that are from unknown senders and/or have help/winning subjects. Easy really.

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