Question
Should I use an escrow service for transactions on the internet?
Answer
The 419 scam originated in the early 1990s as the oil-based economy of Nigeria went downhill. Several unemployed university students first used this scam as a means of manipulating business visitors interested in shady deals in the Nigerian oil sector before targeting greedy businessmen in the west, and later the wider population. Early variants were often sent via letter, fax, or even Telex. The spread of email and easy access to email-harvesting software made the cost of sending scam letters through the internet extremely cheap. While various figures have wildly claimed that the 419 scam employs as many as 250,000 people in Nigeria, in reality it has often been linked to small organized gangs often working in concert in western cities and in Nigeria. In recent years, the 419 scam has spurred imitations in various trouble spots in Africa and Eastern Europe.
— Source: Wikipedia (www.wikipedia.org)