Enron Man Spam Scam

The Enron scandal has taken another bizarre twist with far reaching political and financial implications even though President Bush has signed sweeping legislation to curtail fraud and corruption in America.

Corporate America is reeling over fresh allegations the "Nigerian Scam", also known as the 419 Fraud is operated by Enron officials.

Evidence indicates the company did not just lie about profits, conceal debts and undertake a number of shady dealings — they originated the elaborate Nigerian scam to generate billions of dollars from literally nothing.

The scam, operates as follows: the target receives an unsolicited email (fax, or letter) concerning Nigeria and containing a money laundering or illegal proposal. The variations are endless.

Victims are eventually asked to pay an up front fee. Once paid other "complications" requiring more payments ensue until the victim either quits or runs out of money.

Many thought the Nigerian government was behind the scheme because most emails can be traced back to Nigeria. Some come from Ghana, Togo, Liberia, Sierra Leone, the Ivory Coast and other African countries.

Ironically, it is only because of Enron's current predicament that details of its involvement in the scam have come to light.
Enron filed for Chapter 11 bankruptcy, allowing it to salvage its business by spinning off various assets — one of which was a small Nigerian holding company.

Key witnesses appearing before congressional committees refused to speak in order to avoid incriminating themselves and the role of Anderson Accounting in setting up this company is still uncertain.

The Bush administration is continuing to take a tough stance on the matter.

"Every corporate official who has chosen to commit a crime can expect to face the consequences," Mr Bush said. "No more easy money for corporate criminals, just hard time."

The sheer size of the fraud mean the government is almost powerless to act.

Money stolen by the Nigerian scam operations is never recovered and victims have little or no recourse in the matter.

Evidence of government involvement is also mounting.

It is believed that the American government worked closely with Nigerian officials to ensure the money ended up in America.

Recent examinations of the emails by Professor Thixstone a forensic linguistic expert, indicate the language and bad grammar is more typical of the poor standards in the American schooling system rather then the Nigerian dialect.

Conservative estimates suggest the scheme has generated over six billion dollars since it began in the early 1980s. This would make it one of largest industries in Nigeria.

The scam explains how Enron managed to grow from nothing to become America's seventh largest company, employing 21,000 staff in more than 40 countries.

Proposed anti-spam legislation is coming under intense pressure from lobby groups, outraged investors, employees, pension holders and politicians who see the Nigerian scam as the only way of recovering their financial loss and financing a future war on Iraq.

New anti-spam legislation will probably allow the Nigerian scam to continue.

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