© D.L. Crumbley
Triple Fraud Sting
A Michigan woman received an e-mail from a Nigerian asking her to set up a bank account in the U.S. in order to help him steal $18 million.
She set up the bank account (to help pay the so-called bribes and fees) by allegedly embezzling $2 million from her employer during seven months in 2002.
Guess what? She never received a penny. She was indicted on 13 counts of wire fraud.
Fraud schemes are much like derivatives. They spring up, die out, and new ones are started each week.