Scam that originates in Nigeria, usually sent out via mass emails. The scammer pretends to be a millionaire CEO and tells a fake story about having assets seized unfairly by the government, and needing somebody to help stash millions of dollars in a secret account. A 20% cut is promised as a reward, but only if you give the scammer an up-front fee, or your bank account number. Something gullible people fall for.
"Dude! I just got conned by a 419 scam! This Nigerian oil executive promised me a cut of his investment, but I gave him my bank account number and now all my money is gone!!
by bootysaxlick January 25, 2015
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