osewalrus (osewalrus) wrote,
osewalrus
osewalrus

Link Harvest: Dere Trustworthy LOLCat, I iz ritin' yu from Nigerian Litter Box

According to this Ars piece, 419 scams (aka "Nigerian Treasure" scam) are a booming business with over $9 bn lost in 2009. While I'm inclined to attribute some of the rise to the fact that the "optimism fallacy" rises as people get financially desperate, the article sites the primary growth as being from non-U.S. and European markets where large numbers of new internet users are providing fresh pools of potential suckers.
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