Pay for Performance 0
Citibank falls for the Nigerian scam. Yes, it actually tried to wire the money to the scammers. It only got off because the transfer didn’t go through due to a typo.
Definitely bonus-worthy.
The scheme fell apart when the target banks could not process the transactions. At that point, either Citibank or the target bank attempted to contact the Bank of Ethiopia, which could not verify the transactions as valid. A warrant for Mr. Amos was issued; the man was arrested last month when he attempted to enter the US. The FBI, Citibank, and Ethiopia are obviously pleased with having caught the theft-in-progress, the ringleader is now in jail, and Citibank returned the complete amount of money that had been transferred from the National Bank of Ethiopia.
Via GNC.
