Phil Chan Case Analysis

Problems and Issues This reference deals with an advanced fee scam that has been run let on of Nigeria since the mid-1980s but app atomic number 18ntly unknown to the Basic software program guild of Hong Kong. On August 26,1998 the owner of Basic Software, Allen downwind, was work out a letter by Tokunbo Jacobs from the Nigerian National crude oil hatful (NNPC). Mr. Jacobs claimed to have gotten Mr. Lees name from a close coitus at the Nigerian Export Council. Basic Software was supposedly selected by the Tender Committee at NNCP to assist in facilitating a financial transaction involving an international transfer of currency of $14.3 jillion USD. Basic Software would receive a 35% circumstances ( over $5 million USD) as a commission. Mr. Jacobs claimed the bullion was operable due to an over estimate from a weigh penalize by an experiate contractor and the tender committee measuredly over inflated the original contract. Since the project had been arrant(a) d and this assert true already received their payments, Mr. Jacobs wanted to share the unnecessary in exchange for an account in which this specie could be gainful out of. After a month of negotiating, Mr. Lee sent his Vice-President of Marketing, Phil Chan to Largos, Nigeria to complete the deal with Mr. Jacobs. Mr.

Chan was unaware he was walk into a situation where he and his company were close to to be scammed. Critical abbreviation of the Issue I am very much amazed to read and hear about how people and organizations are easily mugginsed by empty promises contained in letters from complete strangers. Who could be such a foo l to give money to someone they have never m! et. This case is a authorised example of an advance fee pseudo (AFF) scheme that has been in existence through regular postal mail for more than than 20 years, and which has... If you want to get a full essay, tell apart it on our website: BestEssayCheap.com

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