Great article by Outscope who say the Nigerians have discovered the US cannabis sector and will be tapping the more gullible for cash & hacks as 2020 rolls on. Be aware.
Here’s the introduction to their piece
As I was checking my email one Saturday morning, I discovered a message I had received from an entrepreneur named James. Always eager to connect to new colleagues in the cannabis industry, I opened the email and began reading through its contents. The opening line referred to a conversation on LinkedIn, making things seem legitimate enough; but as I proceeded through the body of the email, I realized what I was reading would likely become known as the 420 letter scam.
For those of you out of the loop on email fraud, the email was quite similar- albeit more progressed- to the so-called Nigerian letter scam, also known as the 419 letter for violating Nigeria’s 419 policy on fraudulent activities. Given the similarities and the catchiness, it feels only fair that we call this new form fraud the 420 letter.
What is The 420 Letter Scam?
Much like the Nigerian letter, the 420 letter email scam involves a wealthy foreign investor for whom the writer works and the desire to invest in cannabis in America. The culprit ensnares businesses under the pretenses of promising large sums of money to kick start their company. Once documentation is given to the scammer, they move in to wreak havoc on the victim, often by depriving the victim of funds and legal documents.