5 Methods Yahoo Boys Use To Defraud People In 2021

Cyber Crime has become very rampant among our young people in West Africa and most especially Nigeria and Ghana, where web fraudsters can be found in practically all areas. In Lagos for instance, EFCC arrested up to 500 yahoo boys. Also EFCC arrested 30 suspected Yahoo boys in Ilorin and this is not stopping yet as they will continue to arrest yahoo boys.

Most young people involve in this activities because of poverty, lack of job, economic hardship and quick way of getting money to live a luxurious life. But cyber crime is not acceptable in any country. It is daily gaining dominance among youths and it is just so painful how people fall victims to their traps.

We have decided to share 5 ways, internet fraudsters use to dupe people so that you will be cautious about how you live your life not to fall into their trap.

5 Methods Yahoo Boys Use To Defraud People In 2021

1. Impersonation

Celebrities or famous people plays a big role in our lives. Fraudsters take advantage of this by creating fake accounts of famous celebrity or personality, they pose and act like these celebrities online and use it to extort people. They use methods like mobile money to dupe people using the identity of a fake created account of the celebrities.

2. Real Estate business

Be warned! Most foreigners fall into this trap. They make fake documents to present to others as the owner of the Estate. In this method they pose to be a land administrator and promotes sumptuous and costly condos via web-based media, they post photographs of these lofts and make it look genuine thus the casualties pay ahead of time to a specific record and they unexpectedly vanish suddenly  upon successful trasanction.

3. Dating

Dating seems to be the easiest tricks amongst these crops of fraudsters. Yahoo boys creates social media account with the photos of an appealing woman or man contingent upon who they need to trick. They will  send their casualties a friend request which upon acceptance will begin to act real. When the relationship grows with trust there will be a way the fraudster will begin to demand for assistance. From one help to another they keep going. They do this in the manner that the companion will not notice. Some go extra length to beg companion to pay for an item for them online. From hence they may also lure the victim into giving them their account information in which the victim most time succumbs especially if the scammer is using charms.

4. Shopping Scams

Shopping scams are especially difficult to avoid – some yahoo boys setup online companies which they will take your money in exchange for a product which they never intend to deliver. The only real way to avoid this is to assess the company’s reputation by reading customer reviews.

5. Cryptocurrency Scam

After the cryptocurrency market made very serious strides in 2017, this particular type of fraud became rampant.

They simply send links and try to convince their victims to invest in the cryptocurrency market example Bitcoin, Ethereum etc and get double their money in 12hrs, 24hrs or 48hrs. It’s fraud cryptocurrency does not work that way, and once their victims fall they never show their face again.

Conclusion:

Be careful who you accept or send a friend request on social media as thousands of profiles on social media are scammers and internet fraudsters.