Many people, in trying to cash in on the millions of dollars promised in the Nigerian schemes, find themselves stealing to fund their investments. Unfortunately, more people are prosecuted for stealing from others to participate in the scheme than for perpetrating the scheme itself. In New Hampshire, Charles Brewster, 51, pleaded guilty to embezzling $73,000 from companies with which he was associated. The money, plus the funds obtained by forging a $120,000 check, was to be invested in a Nigerian oil con. Brewster was convinced the scheme was legitimate. Early in 2002, Shirley Elaine Hangings responded to the 419 schemes by spending her life savings of $30,000 to $70,000 and then passed a bogus check for $228,260 to fund any deficiency. She was sentenced to 16 months in a California state prison. And a law-firm bookkeeper, Anne Marie Post, 57, was charged with embezzling $2.1 million from her Detroit-area employer. She believed that she would receive millions from an official with the Ministry of Mining in South Africa.
According to Wired, statistics presented at the International Conference on Advance Fee (419) Frauds in New York on Sept. 17, 2002, show that approximately 1% of those who receive 419 E-mails (and faxes) are fooled and eventually scammed.
IT's Reputation: What the Data SaysInformationWeek's IT Perception Survey seeks to quantify how IT thinks it's doing versus how the business really views IT's performance in delivering services - and, more important, powering innovation. Our results suggest IT leaders should worry less about whether they're getting enough resources and more about the relationships they have with business unit peers.
What The Business Really Thinks Of IT: 3 Hard TruthsThey say perception is reality. If so, many in-house IT departments have reason to worry. InformationWeek's IT Perception Survey seeks to quantify how IT thinks it's doing versus how the business views IT's performance in delivering services - and, more important, powering innovation. The news isn't great.
InformationWeek Must Reads Oct. 21, 2014InformationWeek's new Must Reads is a compendium of our best recent coverage of digital strategy. Learn why you should learn to embrace DevOps, how to avoid roadblocks for digital projects, what the five steps to API management are, and more.