New Russian Nigerian-style scam

So there’s a new email scam coming from Russia similar to what the Nigerians are doing and I want to know 1) how does the scam actually work and 2) do dopers have any suggestions on how to play with the scammer for my entertainment?

Mods: I put the question here because #1 is asking a general question. But if #2’s asking for suggestions would be more appropriate somewhere else I can split it up. Or if the back story is too long for this forum feel free to move it where appropriate.

The back story:

I have had an email pen pal in Russia for several months that I ‘met’ on a dating website. For two months all we have talked about is our lives and he has sent me several pictures of himself. His letters have all been fairly personal, long, and with a fairly elabolaborate ‘backstory’ and he had never asked me for anything before. One of the things we had talked about was that he was trying to immigrate to the USA. More recently he had found a connection in the VISA department who was going to help him out, and his uncle had told him he would give him the money required for the immigration process.

Today I got an email from him saying his uncle could not transfer the money directly to him because he is in the military stationed in Iraq and they are not allowed to do money transfers as a terrorism precaution. But his uncle could give the money in cash to his friend in the American troops, who could then transfer the money to me, at which time I could Western Union it to my friend.

Well of course I knew this was a scam (although I was impressed at the incredible amount of effort and creativity he put into it), but he had asked me to open up a new, regular, local bank account with no money in it. I was wondering how the scam would work. The only information I could find said that electronic money transfers don’t have the same oversight and waiting period as checks, so he could in a sense do the equivalent of writing me a bad check from one account and collecting the money in another before the banks caught him.

The questions:

So my first question is, how exactly would this scam work? I would think the banks wouldn’t transfer money that they couldn’t verify was legitimately present in the original account. They certainly place unreasonably long holds on regular checks. How do the scammers get away with this? And who ends up being responsible for the money? The original bank? The person being scammed?

Now I’ve heard that some people have turned the tables on scammers by making them take silly pictures of themselves or do amusing tasks like carving things. My second question is: do dopers have any suggestions of good ways to play along and get the most entertainment value out of letting them think I’m not on to them?

One way of scamming people is to send them some money, and in return get them to send you another sum of money. But the first lot of money is a dud, and eventually your bank takes that money out of your bank account, while your money has gone on its way to the scammers. In your scenario, your new bank account becomes overdrawn, and the bank chases you for the money (since they can’t get their hands on the Russians).

I can WAG all sorts of things that could happen:

1 - after you’ve passed the money on, the original transfer is found to have been fraudulent, and you’re the one required to repay it

2 - the account you’ve opened is used for identity fraud, further money laundering, or gets run into debt (some banking systems would allow this to happen without prior authorisation)

3 - they can gather enough auxillary information about you to build a profile for identity fraud quite separate from this transaction
And so on. www.419eater.com is one ite where they bait these guys

And if 419eater.com is just too polite and reserved for you, there’s always EbolaMonkeyMan.com. It’s pretty hilarious if you’re in the mood.

Around here, you have a minimum deposit of $100 to $200 to open any kind of account.

If you do that, and then pass the account info on to him, he may be able to pull that initial deposit out of the account via money transfer. Presumably he’s doing this to a lot of people, so a couple hundred bucks from each of them will add up.

I got a call at my past job from someone who wanted to use their credit card over the phone to pay for a dozen tennis racquets and shipping to Nigeria.
I played along, took their credit card info but never sent them a single thing.

I did call the credit card company though with the card info and address he wanted it shipped to.
I never heard from him or the credit card company again.

If you want to find out more about scams and baiting and don’t want to suffer through n00b humiliation and jackbooted mods, you can also check out:

theScambaiter
Scam Baits

More targeted to love/dating scams is:
Internet Love Scams