Fake loans are big business for scammers.

Many offer loans in the low thousands of dollars – but these are just phishing scams intended to get your personal and financial information to sell onto other criminals who will then rob you and likely steal your identity.

Some scammers go big on these scams – this latest one offers up to $1 billion on 25 year repayment.

It can be for any reason, but only in a list of selected countries.

However, that list includes continents and only the Antarctic is not included, so ‘selected countries’ actually means every country on earth.

As if the offer of untold millions of dollars isn’t enough, the scammer also includes an offer to pay referral fees for any projects brought to their attention.

Of course, the scammer has a personal email address rather than a company email and the sender’s supposed name of ‘Nizat Shafterit’ doesn’t match the email address.

The scammers just want your details so they can choose the best scam to try on you.

Pathetic.

The number of people replying to emails like this is probably only a few in a million or even less, but the scammers send out huge numbers of these and they latch on to anyone dumb enough to reply.

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