In 2013 how much money was lost by Nigerian scams?

The story behind the answer

$12.7 billion is correct because global estimates for 2013—such as those compiled by investigative groups tracking “419” fraud—put losses from Nigerian advance-fee, romance, and business email compromise scams at roughly that amount, including both direct theft and related costs like recovery and legal fees.

These scams are nicknamed “419” after the Nigerian Criminal Code section on fraud. They lure victims with promises of windfalls, urgent business deals, or love, then demand upfront payments or sensitive data. A memory tip: think “12.7 = 12 months, 7 days a week”—these schemes operate year-round. To stay safe, be skeptical of unsolicited requests, verify identities independently, and never pay fees to receive prizes, inheritances, or investments.