Woman loses $50,000 to financial scam

A woman lost $50,000 in a scam after transferring money to someone she thought represented American tax authorities, according to the Royal Cayman Islands Police Service.

The victim, a Cayman Islands resident, informed police that she received unprompted emails from someone going by the name Richard Aje, who claimed to represent U.S. tax authorities. The scammer told the woman that she was eligible for a substantial tax refund if she sent advance fees that would be used to release the money.

Police said the woman reported that she had sent a total of $50,000 over a period of 12 months through several transfers to the scammer, who was located in Nigeria. She used Western Union to transfer the funds.

Police said there is very little chance of an arrest in this case, as no working investigation practice or extradition treaty exists between Nigeria and the Cayman Islands.

Prevention is the best method for cases like this, police said in a statement, reminding the public not to respond to unsolicited emails asking for advance payments, promising funds, or seeking personal information, including bank account numbers or passport information.

Anyone who receives such emails can forward them to the Financial Crimes Unit at [email protected]

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