Online scams create "Yahoo! millionaires"


Akin is, like many things in cyberspace, an alias. In real life he's 14. He wears Adidas sneakers, a Rolex Submariner watch, and a kilo of gold around his neck.

Akin, who lives in Lagos, is one of a new generation of entrepreneurs that has emerged in this city of 15 million, Nigeria's largest. His mother makes $30 a month as a cleaner, his father about the same hustling at bus stations. But Akin has made it big working long days at Internet cafes and is now the main provider for his family and legions of relatives.

Call him a "Yahoo! millionaire." FORTUNE: Online scams create "Yahoo! millionaires" - May 29, 2006

Linked by shanmuga Thursday, 25th May 2006 3:50AM