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 Nigerian Banks being scammed by fraudsters

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N N N
Master of Master Baiters


Joined: 26 Sep 2008
Posts: 689


PostPosted: Wed Aug 26, 2009 9:06 am Reply with quoteBack to top

Isn't it usually the other way round?

http://news.bbc.co.uk/1/hi/world/africa/8221513.stm

"Some loans were given without collateral, some loans were given under some fictitious conditions,"
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Stander
Master Baiter


Joined: 29 May 2009
Posts: 106
Location: no name, no country, no faith


PostPosted: Wed Aug 26, 2009 1:16 pm Reply with quoteBack to top

Loans under fake conditions are usual thing in developing countries

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JMRazor
Baiting Guru


Joined: 03 Mar 2006
Posts: 7103
Location: Yes


PostPosted: Wed Aug 26, 2009 1:20 pm Reply with quoteBack to top

Hell, it was the norm in the U.S.:

NINJA loans (a/k/a "Liar Loans")

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Stander
Master Baiter


Joined: 29 May 2009
Posts: 106
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PostPosted: Wed Aug 26, 2009 1:26 pm Reply with quoteBack to top

Depends how extent the practice is.

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Mr Tambourine Man
Baiting Guru


Joined: 06 Jun 2008
Posts: 3386
Location: Magic swirlin' ship


PostPosted: Wed Aug 26, 2009 1:30 pm Reply with quoteBack to top

It happens in the UK too.
www.guardian.co.uk/business/2009/aug/21/chelsea-41m-mortgage-fraud

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