Nigerian 419 scams now hitting Paypal
Found on The Inquirer on Wednesday, 26 November 2008
The perpetuator (presumably a male) wanted to transfer funds out a Paypal account and convert them back into US dollars. All the victim needed to do was check his Paypal account and when the money arrived and send a significantly lower amount back via Western Union.
Jennifer Perry from E-victims blamed Paypal's dispute resolution procedure system calling it a "very crude automated system."
"Paypal's guarantee doesn't really live up to expectations," Perry explained. "The public feel it [Paypal] is a gold-plated service like M&S or a credit card, but it isn't."
Not sure what's the bigger scam here: the 419ers or Paypal. You probably get screwed over by both.