WTF Headline Of The Day: US Forfeits $480 Million Loss On Nigerian Dictator Scam

Tyler Durden's picture

While we assumed everyone knew that correspondence from Nigerian leaders requesting funds were always fradulent, it appears the US government decided the opportunity was worth the risk...

  • *U.S. FORFEITS OVER $480 MILLION STOLEN BY FORMER NIGERIAN DICTATOR
  • *DOJ SAYS MONEY WAS STOLEN BY FORMER NIGERIAN DICTATOR
  • *DOJ: $480M IN CORRUPTION PROCEEDS FROM SANI ABACHA

The DoJ describes it as "the largest forfeiture ever." Oh well - we hear Rwanda is looking to issue some bonds..."We might go for double that or more, up to $1 billion."

 

Perhaps the US should have read this...