419 scam: BF <yvetted@telkomsa.net> LOAN OFFER

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"419" Scam – Advance Fee / Fake Lottery Scam

The so-called "419" scam is a type of fraud dominated by criminals from Nigeria and other countries in Africa. Victims of the scam are promised a large amount of money, such as a lottery prize, inheritance, money sitting in some bank account, etc.

Victims never receive this non-existent fortune but are tricked into sending their money to the criminals, who remain anonymous. They hide their real identity and location by using fake names and fake postal addresses as well as communicating via anonymous free email accounts and mobile phones.

Keep in mind that scammers DO NOT use their real names when defrauding people.
The criminals either abuse names of real people or companies or invent names or addresses.
Any real people or companies mentioned below have NO CONNECTION to the scammers!

Read more about such scams here or in our 419 FAQ. Use the Scam-O-Matic to verify suspect emails.

Click here to report a problem with this page.

Some comments by the Scam-O-Matic about the following email:

An email address listed inside this email has been used in a known fraud before.
This email uses a separate reply address that is different from the sender address. Spammers use this to get replies even when the original spam sending accounts have been shut down. Also, sometimes the sender addresses are legitimate looking but fake and only the reply address is actually an email account controlled by the scammers.
The following phrases in this message should put you on alert:
- ",000,000" (they want you to be blinded by the prospect of quick money, but the only money that ever changes hands in 419 scams is from you to the criminals)
- ",500,000" (they want you to be blinded by the prospect of quick money, but the only money that ever changes hands in 419 scams is from you to the criminals)
- "utmost confidentiality" (scammers urge victims to keep the transaction secret because they don't want anyone to point out to them that it is a scam)
- "your loan " (Beware of fake loan offers. Real lenders would not normally use free webmail addresses such as Yahoo, nor would they lend to individuals or small businesses in a different country from where they are based. Beware of mobile phones or redirector numbers!)
This email message is a 419 scam. Please see our 419 FAQ for more details on such scams.
This email lists free webmail addresses. Use of such addresses is typical for scams. Lotteries, banks and any but the smallest of companies do not normally use such addresses. Criminals use them to anonymously send and receive email at Internet cafes.
- betterfinance@workmail.com (email address has been used in a known fraud before)

Fraud email example:

From: BF <yvetted@telkomsa.net>
Reply-To: betterfinancepty@workmail.com
Date: Wed, 1 Aug 2018 03:32:19 +0200 (SAST)
Subject: LOAN OFFER

Better Finance is a successful and prominent NCR and FSP registered credit provider that was started in June, 2013 to provide specialised short & long term funding to individuals seeking all kinds of loan, Business, SMEs and start-up ventures. Over the years we have helped our clients to achieve financial success, whilst creating jobs and driving socio-economic advancement. The company also focuses on SMEs that are unable to raise funding from banks and other traditional funding institutions because of lack of trading history, security and risk capital.

The company provides short-term loans of values between R20,000 to R2,500,000 and long-term loans of up to R50,000,000 at an affordable 2.5% fixed interest rate on both long and short term loans. We fund businesses across a wide array of different sectors.

Why Choose Better Finance?
â€¢ You can choose flexible repayment periods of between 3 and 240 months.

â€¢ Funds are paid out to you within 24 hours once weâ€™ve received the required documents.

â€¢ Repayments are fixed instalments so they donâ€™t fluctuate and you always know how much youâ€™re paying back each month.
â€¢ We also cater to blacklisted applicants and those under debt review.

â€¢ With our secured system, your application is treated with utmost confidentiality and cannot be picked up by other financial institution whilst making your loan application enquiry.

Criteria for Applying For a Loan:
ïƒ¼ Applicants must be between 21years and 70years old.

ïƒ¼ Applicant must possess a valid means of identification (ID copy, driverâ€™s license or intâ€™l passport & Visa).

ïƒ¼ Applicants must be employed or self-employed.

ïƒ¼ Applicants must earn a minimum net salary/income of R3 500.

What documents/ways do you need to make a loan application?
â€¢ Your valid ID Copy or International Passport & Visa Page (for non-South African citizen)

â€¢ Your Latest Payslip

â€¢ 3 months of bank statements (6 months bank statements for business loan)

â€¢ Interested individuals or businesses must forward the required information; Full Names, ID Number, Contact address, Occupation, Monthly Income and Contact telephone numbers to our email: betterfinance@workmail.com or call 071 074 1742 for more details.

Regards,

Lisa E. Matthew
Senior Supervisor
Better Finance

Anti-fraud resources:

What can you do when you receive 419 spam